LAGOS JULY 11TH (NEWSRANGERS)-The President of the African Development Bank, Dr. Akinwumi Adesina, says that Nigerians deserve wealth, rather than poverty. He stated that, for all the abundant wealth of natural resources, Nigeria’s poverty situation is unacceptable. Noting that “there are way too many poor people in Nigeria,” he warned that there should not be…
LAGOS JULY 11TH (NEWSRANGERS)-The naira exchanged to the dollar at N504 at the parallel market on Friday, according to the Bureau de Change operators. It had earlier exchanged to the dollar at 500 in the previous week and at N490 a month earlier. According to naijabdcs.com, the Central Bank of Nigeria’s official rate for the…
LAGOS JULY 9TH (NEWSRANGERS)-A driver using a Dangote Sugar Refinery truck to allegedly smuggle rice has been arrested by the Nigeria Customs Service (NCS) said on Tuesday. The Abuja commandant of the NCS, Hussein Ejibunu, said on Tuesday that two accomplices were arrested alongside the driver at Suleja, Niger State. He said the truck was…
LAGOS JULY 8TH (NEWSRANGERS)-Akash Kumar was excited when he boarded his first ship as a seafarer, a bulk carrier called the Ula. “That time it was a good feeling … a dream come true. I joined this merchant navy because I love to explore other places, other countries,” he says. The 25-year-old Indian seafarer was…
LAGOS JULY 6TH (NEWSRANGERS)-Over 1.27 million subscribers were lost in the month of May by MTN Nigeria, Globacom, Airtel Nigeria and 9mobile as the companies bleed amid their data war. The month ended with Airtel becoming the biggest loser having lost 906,669 data users. This loss dwindled the telco’s customer base from 37.02 million of…
LAGOS JULY 3RD (NEWSRANGERS)-Many young Nigerians are adopting bitcoin amid the crypto ban put in place by the Nigerian Central Bank. In fact, since the start of 2021, peer-to-peer bitcoin trading has grown to $204 million, the largest amount in Africa. Data collated from Usefultulips, a Bitcoin analytic provider, shows Nigeria dwarfs the rest of…
LAGOS JULY 1ST (NEWSRANGERS)-Commercial motorcycle riders popularly known as okada have accused Customs officials manning the gate of Apapa Area Command of the Nigeria Customs Service (NCS) of extortion. The okada riders lamented the incessant collection of “tolls” by the Apapa Area Command Customs operatives whenever they drop passengers in front of its gate. One…
LAGOS JUNE 28TH (NEWSRANGERS)-The immediate past President of Nigerian Port Authority, NPA, branch of Maritime Workers Union of Nigeria, MWUN, and a former Vice Chairman of Lagos State Council, of Nigeria Labour Congress, NLC, Adeleke Sanni, is dead. He died on Sunday in Lagos. President-General of MWUN, Prince Adewale Adeyanju, who confirmed his death, said…