LAGOS APRIL 26TH (NEWSRANGERS)- The action of these two men has shown that Nigeria still has honest people among them. A fashion designer, Abdulrahman Abdullahi has displayed uncommon integrity by returning a huge sum of money he found in a customer’s bag. He said that a client brought a bag of clothes to him for…
LAGOS APRIL 27TH (NEWSRANGERS)-For the third time in less than a month, the rate of exchange (RoE) applicable to foreign airlines has ballooned, hitting N582/$1 with attendant spike in the cost of international air travel. At the new RoE, registered by the Global Distribution System (GDS), a six-hour Lagos-London economy class ticket now fluctuates between…
LAGOS APRIL 23RD (NEWSRANGERS)-The World Bank has recommended a single foreign exchange (Forex) market, urging Nigeria to do away with its multiple forex markets. In its latest ‘Macro Poverty Outlook for Nigeria: April 2023’, the World Bank said unification of the forex markets should be one of the reforms to strengthen the recovery of the…
LAGOS APRIL 19TH (NEWSRANGERS)-Nigeria spent nearly all the revenues it earned last year servicing its debts, the World Bank said in a new report. Debt service as a proportion of government income increased to 96% in 2022 from 83% a year earlier, according to the World Bank. Low revenue and rising interest payments have left…
LAGOS APRIL 19TH (NEWSRANGERS)-Domestic flights in Nigeria were being disrupted on Monday, local airlines said, as aviation employees in Lagos blocked roads to the country’s busiest local airport to begin a two-day strike in protest over working conditions and wages. The strike is likely to add to problems in a sector that regularly faces jet…
LAGOS APRIL 17TH (NEWSRANGERS)-A staff of First Bank PLC, Marina Branch, Lagos State, Banniya Babatunde Anthony, has allegedly bolted away with the bank’s money worth millions of Naira and went into hiding. P.M.EXPRESS reports that following the ugly incident the management of the bank has moved against his guarantor, Mowobi Sunday, for falsely claiming his…
LAGOS APRIL 13TH (NEWSRANGERS)-All is set for the SecureHack 1.0 Finale which is an unparalleled spectacle, showcasing groundbreaking innovation with top-selected teams vying for the take-home prize. The hackathon, which was launched in February, garnered over 400 registrations from participants to form 100+ teams from 62 locations in four countries and across two continents. A…
LAGOS APRIL 11TH (NEWSRANGERS)-There was a mild drama at Murtala Muhammed International Airport, Lagos, the headquarters of Arik Air, as the Chairman/Founder of the airline, Chief Johnson Arumemi-Ikhide, was barred from entering the company’s premises. Arumemi-Ikhide with some of his aides had arrived the premises of the airline in line with the court order which…