LAGOS JUNE 7TH (NEWSRANGERS)-Nigeria’s central bank allowed the naira to drop about 2% on the official market to a record low on Wednesday, but the currency’s rate remained above where it trades at central bank auctions and on the black market. Nigeria is trying to find a way to unify its multiple exchange rate system,…
LAGOS JUNE 6TH (NEWSRANGERS)-A private Nigerian Airline, Air Peace Ltd, has sued the Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC) before the Federal High Court in Lagos over the alleged disruption of its operations by the unions and its officers. The airline is asking the court to award it N1 billion…
LAGOS JUNE 6TH (NEWSRANGERS)-The House of Representatives has poked holes in the purported launch of Nigeria Air at the twilight of the administration of former President, Muhammadu Buhari, declaring it a fraud. Chairman of the House Committee on Aviation, Nnolim Nnaji, declared the launch of Nigeria Air a fraud after the major stakeholders in the…
LAGOS JUNE 6TH (NEWSRANGERS)-More than 687,000 current and former Illinois residents who filed claims for a cut of Google’s $100 million biometric privacy class-action settlement can expect to see payouts of about $95 each. Any person who appeared in a photograph in Google Photos between May 1, 2015, and April 25, 2022, while they were…
LAGOS JUNE 6TH (NEWSRANGERS)-At a ceremony in November, the Nigerian government celebrated the discovery of as many as 1 billion barrels of oil in the country’s arid northeast, almost 1,000 kilometers (621 miles) away from the crude-rich Niger Delta. The state’s partners in the multi-billion dollar project in the impoverished, landlocked corner of the country…
LAGOS JUNE 5TH (NEWSRANGERS)-Some senior staff of the Nigerian Maritime Administration and Safety Agency (NIMASA) have accused the Director General of the agency, Bashir Jamoh of nepotism. Some of the staff who accused of nepotism alleged that since his assumption of office in March 2020, Jamoh has consistently appointed only northerners to head most of…
LAGOS JUNE 5TH (NEWSRANGERS)-The reported drop in the price of cooking gas in the country has ignited heated reactions among Nigerians on Twitter. On Sunday, Wale Adedayo, a freelance writer, took to the microblogging platform to share a receipt for cooking gas purchased on June 1. The receipt showed that 12.5 kg of cooking gas…
LAGOS JUNE 4TH (NEWSRANGERS)-Cargo clearing at the nation’s seaports has suffered setbacks as different units of the Nigeria Customs Service now issue indiscriminate queries on laden containers, leading to long delays for cargo owners. As a result, importers and their agents now spend a minimum of two to three weeks to resolve the queries and…