LAGOS FEBRUARY 2ND (NEWSRANGERS)-The Federal Government is planning to stop the Nigerian Customs Service from raiding markets to seize imported rice, the Minister of Finance, Mrs Kemi Adeosun, has said. The minister spoke to State House correspondents on the outcome of the meeting of the Federal Executive Council (FEC), saying that the Federal Government has…
LAGOS JANUARY 31ST (NEWSRANGERS)-A Nigerian man, Obi Okeke, popularly referred to as Doctor Bugatti, has purchased Arnold Schwarzenegger’s Bugatti Veyron for $2.5m According to TMZ, the Bugatti dealer has intentions to resell the vehicle. The Bugatti Veyron 2015 model goes 0-60 mph in 2.5 secs and has only had about 1,000 miles on it. Okeke…
LAGOS JANUARY 31st (NEWSRANGERS)- Nigeria plans to start building a $5.8 billion hydro-power plant in the eastern Mambila region this year, after it agrees on loan terms with China’s Export-Import Bank. “We hope to break ground this year if we can conclude the financing,” Power, Works and Housing Minister Babatunde Fashola said in a Jan….
LAGOS JANUARY 30TH (NEWSRANGERS)-The head of the U.S. Consulate in Nigeria’s capital says U.S. support for Nigeria’s economy will continue given the African country’s demographics. United States Consul General F. John Bray spoke with The Associated Press on Monday after participating in the closing gong ceremony at the Nigeria Stock Exchange House in Lagos. Bray…
LAGOS JANUARY 29TH (NEWSRANGERS)-In his avowed commitment to encouraging entrepreneurship in the country as a way out of the economic doldrums, Nigeria’s business magnate, Aliko Dangote, is donating another N1.2 billion structure for running of business school in Bayero University, Kano (BUK). The building which will be handed over to the university management formally next…
By Amos Okioma LAGOS JANUARY 28TH (NEWSRANGERS)-The power outage in Bayelsa and parts of Rivers was the handiwork of youths who shut down a transmission station at Ahoada in Rivers state. Mr John Onyi, Manager, Corporate Communications at Port Harcourt Electricity Distribution Company (PHEDC) who confirmed the development said that the utility company was incapacitated…
LAGOS JNAURY 28TH (NEWSRANGERS)-Nigeria’s finance minister plans to drag tax defaulters who don’t make use of an amnesty to court as she seeks funds to plug the nation’s $25 billion infrastructure gap. In the nine months of reprieve ending March, some penitent taxpayers have said “you got me” and cleared arrears without paying interest and…
LAGOS JANUARY 24TH (NEWSRANGERS)-Lanmodo trading partner – Lanmodo Nigeria, dealers of Lanmodo worldwide automatic car tent in West Africa has announced the launched of its product – Auto Car Tent in Nigeria. The launching which took place on Monday, 22nd of January 2018, marked Lanmodo Nigeria as the first to introduce such fully automated car…