LAGOS APRIL 9TH (NEWSRANGERS)-Chibueze Akukwe sticks a label on a bottle of an upmarket Nigerian spirit in a factory in Lagos. He hopes stylish branding will help sell the tipple, fermented in nearby villages using techniques dating back centuries, to upmarket customers. A spirit called Ogogoro, referred to locally as “gin”, is extracted from palm…
LAGOS APRIL 6TH (NEWSRANGERS)-Nigeria has been excluded from the list of 28 countries granted debt pardon by the Executive Board of the International Monetary Fund (IMF). The Board has approved a third tranche of grants for debt service relief for 28 member countries under the Catastrophe Containment and Relief Trust (CCRT). This approval followed two…
LAGOS APRIL 2ND (NEWSRANGERS)-Egypt could be lining up a $1bn claim in damages after the 20,388 teu Ever Given giant container vessel caused a headline grabbing traffic jam in the Suez Canal for almost a week. Ossama Rabei, the head of Suez Canal Authority, told Egypt’s Sada ElBalad news channel he estimates the $1bn figure…
LAGOS APRIL 1ST (NEWSRANGERS)-Nigeria’s present disposition on cryptocurrency may not stand for too long. This is as almost all world economies are adjusting their trade activities to accommodate crypto transactions. The means of payment is also attracting new investors and appreciable use cases. Cryptocurrency, sometimes, simply called crypto, is a digital currency that can be…
LAGOS MARCH 30TH (NEWSRANGERS)-When Nigerian office worker Chigoziri Okeke bought cryptocurrency for the first time in 2016, he was only looking to make an online payment. But the 10 percent gain on his wallet’s balance after a few days fired up the 27-year-old’s interest. Now, the Lagos resident has more than $50,000 worth of different…
LAGOS MARCH 29TH (NEWSRANGERS)-The partial freedom granted oil giants by Italian courts in the celebrated OPL 245 corruption case will not stop the prosecution of the accused in Nigeria, a foremost global anti-corruption coalition has said. In a letter addressed to President Muhammad Buhari, the world acclaimed anti-corruption coalition said Nigeria should press on with…
LAGOS MARCH 28TH (NEWSRANGERS)— Exploring strategies to deepen private sector participation in the implementation African Continental Free Trade Area (AfCFTA) was the highlight of a panel session during the 2021 WTO Aid-for-Trade Stocktaking meeting. The African Development Bank, the United Nations Industrial Development Organization (UNIDO) and International Trade Centre (ITC) organized the session held on Wednesday…
LAGOS MARCH 28TH (NEWSRANGERS)-The massive container ship blocking the width of the Suez Canal has other vessels weighing the lengthy, costly, and perilous decision of whether to detour around Africa instead. As demonstrated in this story by Insider’s Mia Jankowicz, the sea route from the Red Sea to the east Mediterranean is a journey of…
