LAGOS AUGUST 13TH (NEWSRANGERS)-Nigeria’s exposure to commercial loans has risen by 486.67 per cent in the last three years as the loans now make up 39.87 per cent of the country’s external debt portfolio as of March 31. The nation’s foreign commercial loans have risen to $8.8bn, an analysis of data obtained from the Debt…
LAGOS AUGUST 11TH (NEWSRANGERS)-Nigeria’s stocks entered a bear market as worsening political tensions and an emerging-market sell-off caused foreign investors to shun assets in Africa’s biggest oil producer. The Nigerian Stock Exchange All Share Index fell 2.2 percent to 35,446.47 by the close in Lagos, the commercial capital, bringing the decline since its 2018 high…
LAGOS JULY 26TH (NEWSRANGERS)-Google launched a network of free Wi-Fi hotspots in Nigeria on Thursday, part of its effort to increase its presence in Africa’s most populous nation. The U.S. technology firm owned by Alphabet Inc has partnered with Nigerian fiber cable network provider 21st Century to provide its public Wi-Fi service, Google Station, in…
LAGOS JULY 19TH (NEWSRANGERS)-Lagos ports are practically swimming in empty containers and the terminals have little or no space to take in new delivery. The situation, our correspondent gathered, had contributed to the worsening traffic situation at the ports. On Friday, truck drivers embarked on a six-day strike over what they described as extortion by…
LAGOS JULY 19TH (NEWSRANGERS)-Mixed reactions on Wednesday trailed the unveiling of the name and logo of the proposed new national carrier by the Minister of State for Aviation, Sen. Hadi Sirika. The carrier, scheduled to begin operations by December, will replace the defunct Nigerian Airways which was liquidated in 2003 by the then President Olusegun…
LAGOS JULY 19TH (NEWRANGERS)-The Federal Government of Nigeria on Wednesday announced that the name of the proposed new National Carrier is ‘Nigeria Air’. The Minister of State for Aviation, Sen. Hadi Sirika, disclosed this while unveiling the airline to investors at the ongoing Farnborough International Air Show in UK. The colour is green white green.
LAGOS JULY 19T (NEWSRANGERS)-The European Union fined Google a record $5 billion Wednesday for forcing cellphone makers that use the company’s hugely popular Android operating system to install Google apps. The EU said the practice restricts competition and reduces choices for consumers. The fine, which caps a three-year investigation, is the biggest ever imposed on…
LAGOS JULY 11TH (NEWSRANGERS)- In line with its Economic Recovery and Growth Plan, especially its strategy to diversify the economy by making technology an enabler for forex revenue earnings, the Buhari administration would be actively supporting Google’s Next Billion users plan intended to ensure greater digital access in Nigeria and around the world. This will…