LAGOS MARCH 26TH (NEWRANGERS)-Russian businessman Sergei Mavrodi, whose MMM pyramid scheme deprived millions of Russians of their savings in the 1990s, has died of a heart attack, according to Russia media. Reports said the 62-year-old was rushed to the hospital late on March 25 with pain in his chest and died several hours later. Mavrodi’s…
LAGOS MARCH 25TH (NEWSRANGERS)-The Nigerian Communications Commission (NCC) said the country’s phone subscriptions have reached 147 million as at January this year. The Executive Vice Chairman of NCC, Prof. Umar Danbatta, disclosed this during the NCC Special Day at the ongoing 29th Enugu International Trade Fair. The fair was organised by the Enugu Chamber of…
LAGOS MARCH 23RD (NEWSRANGERS)-Professor Kingsley Chiedu Moghalu, former Deputy Governor of Central Bank of Nigeria, attributed Nigeria’s economic poor performance to lack of worldview that will help it realize its potential Professor Moghalu stated this in Lagos at the 2018 edition of The Bullion Lecture, the annual lecture series of Centre for Financial Journalism (CFJ…
LAGOS MARCH 23RD (NEWSRANGERS)-Nasir el-Rufai, governor of Kaduna state, says it is incorrect to say the execution process of the economic and recovery growth plan (ERGP) does not truly reflect the needs of Nigerians. He said this in response to a statement made by Bill Gates at the expanded national economic council presided over by…
LAGOS MARCH 23RD (NESRANGERS)-The present economic templates being used by the Muhammadu Buhari government do not have the ability to address the unique needs of Nigerians at present, American business magnate, Bill Gates, has said. The philanthropist and founder of Microsoft corporation however said Nigeria has the ability to approach ‘upper middle-income status’ like Brazil,…
LAGOS MARCH 23RD (NEWRANGERS)-At Nigeria’s normally manic border post of Seme, Lasisi Fanu says business has all but ground to a halt. He and other customs agents who help clear goods coming into Africa’s biggest economy from its smaller neighbor Benin say the long lines of trucks loaded with rice that used to jam the…
LAGOS MARCH 22ND(NEWSRANGERS)-The two biggest economies in Africa, Nigeria and South Africa, were wednesday conspicuously absent as 44 leaders of African countries signed a deal to create one of the world’s largest free trade blocs. The agreement was signed at a summit in the Rwandan capital, Kigali, according to the BBC. It is hoped the…
LAGOS MARCH 22ND(NEWSRANGERS)– The Manufacturers Association of Nigeria (MAN) on Wednesday strongly supported the move by the Federal Government on its refusal to sign the agreement establishing the African Continental Free Trade Area (AfCFTA). The Manufacturers Association frowned at the contents of the agreement, noting that it will lead to gross unemployment in the country…