LAGOS MAY 24TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has raised the interest rate from 18 percent to 18.5 percent. The apex bank governor, Godwin Emefiele, announced the decision on Wednesday after the policy-setting committee meeting at the CBN headquarters in Abuja. The development is the third consecutive time the apex bank will be raising…
LAGOS MAY 24TH (NEWSRANGERS)-Afrobeat musician, Seun Kuti has been released on bail from detention having met his bail conditions. Lawyers representing the music star earlier in the day said he might be released on bail from detention on Tuesday as ordered by the Chief Magistrate, having fulfilled his bail terms. The lawyers, Adeyinka Olumide-Fusika (SAN)…
LAGOS MAY 23RD (NEWSRANGERS)-Presidential candidate of Labour Party (LP) and former governor of Anambra State, Mr. Peter Obi, said during the inauguration of the Dangote Refinery on Monday that “This refinery is another milestone towards the New Nigeria, to which I am committed,” a new nation with a thriving private sector. Obi, in his goodwill…
LAGOS MAY 23RD (NEWSRANGERS)-Nigeria’s new Dangote petroleum refinery is Africa’s biggest – it will produce 650,000 barrels a day, giving it the potential to address the country’s energy supply crisis. First product from the refinery is expected to hit the market by the end of July 2023. Owned by Nigerian industrialist and Africa’s richest man,…
LAGOS MAY 22ND (NEWSRANGERS)-Africa’s biggest oil refinery has been opened in Nigeria, where it is hoped it will alleviate chronic fuel shortages. Nigeria is a major oil producer but most of this is sent abroad while it has to import the refined fuel used in vehicles and elsewhere. As a result the country often faces…
LAGOS MAY 21ST (NEWSRANGERS)-The business of selling viable sperm is now flourishing in Ghana and various parts Africa, becoming a highly sought-after commodity. This emerging business caters to couples dealing with male infertility, lesbian couples, and rich single women who are willing to pay substantial amounts to access specific genetic traits in sperm. A medical…
LAGOS MAY 20TH (NEWSRANGERS) – Marhaba Auctions, a leading name in the car auction industry, is thrilled to announce its upcoming Sunday auction on May 21, 2023, at 5:00pm. Set to be the largest LIVE car auction ever to be conducted in the UAE, this event promises an exhilarating experience for car enthusiasts, buyers, and…
LAGOS AY 18TH (NEWSRANGERS)-The owner of Twitter, Elon Musk, and his company are reported to be in the final stages of making a Robot Wife. According to available information online, the Robot Wives are expected to be rolled out in September 2023. They will reach Africa by November 2023. The information available online said: “Robot…