LAGOS SEPTEMBER 29TH (NEWSRANGERS)-The Minister of Transportation, Mu’azu Jaji Sambo, has said that the Federal Government will in no distant time make a ‘Port Declaration’ of the proposed Ondo Deep Sea Port to herald commencement of other processes at the port. The Minister, who gave this indication when he received the Governor of Ondo…
LAGOS SEPTEMBER 29TH (NEWSRANGERS)-The dollar hit N735 in the parallel market on Wednesday as political campaign activities began in the country. According to Bureau De Change operators in Lagos and Abuja, dollar price had increased from N718 – N720 to N728-N735 in the last one week. A BDC operator at Amuwo-Odofin in Lagos, Bala Usman,…
LAGOS SEPTEMBER 29TH (NEWSRANGERS)-Nigeria has failed to capitalise on an oil price boom that has helped cushion other exporters from the impact of inflation, with millions more Nigerians now facing poverty. Data from Nigeria’s state oil company NNPC shows that it did not contribute anything to state coffers in the first eight months of 2022,…
LAGOS SEPTEMBER 27TH (NEWSRANGERS)-Nigeria’s central bank on Tuesday hiked its main lending rate by 150 basis points to 15.50%, its highest level yet and more than forecast, forging ahead with efforts to rein in inflation and ease pressure on the currency. A Reuters poll of economists had predicted a much smaller 50 basis point hike….
LAGOS SEPTEBER 22ND (NEWSRANGERS)-Congress of Nigerian Maritime Media Practitioners (CONMMEP) has commiserated with the Chairman of SIFAX Group, Dr. Taiwo Afolabi over the demise of his twin brother, Mr. Kehinde Afolabi. In a condolence letter addressed to Dr. Afolabi and signed by CONMMEP President, Alhaji Tunde Umar- Daniah, the association regretted the painful exit of…
LAGOS SEPTEMBER 19TH (NEWSRANGERS)-The Minister of Transportation, Mu’azu Jaji Sambo has zeroed in on a lasting intervention to rail and by extension road insecurity, after studying several submissions and recommendations presented to him, therefore zeroing in on employing present- day technology and rapid response by the relevant security agencies. The Minister made this remark on…
LAGOS SEPTEMBER 16TH (NEWSRANGERS)-The Minister of Transportation, Mu’azu Jaji Sambo, has described the nations Inland Waterways as cash cows long overdue for harnessing, as it abounds with economic potentials capable of revolutionizing the country’s Gross Domestic Product. The Minister made this known today in Abuja at the inauguration of the Technical Working Group (TWG) Proposal…
LAGOS SEPTEMBER 16TH (NEWSRANGERS)-Nigeria’s consumer inflation surged to a 17-year high in August 2022, its statistics agency said Thursday, signalling more hardship for citizens and businesses in Africa’s largest economy. The Nigerian National Bureau of Statistics (NBS) reported in its latest consumer price index that inflation rose to 20.5% in August, up from 19.6% in…