LAGOS JUNE 3RD (NEWSRANGERS)-Importers have condemned the Central Bank of Nigeria (CBN)’s over its denial that the Naira has been devalued. In an interview with BusinessDay, an importer, who craved anonymity, asked the CBN to be truthful. In its report titled, “Business leaders insist they get dollars at N630 despite CBN denial“, BusinessDay quoted manufacturers…
LAGOS JUNE 2ND (NEWSRANGERS)-Drivers attached to cab-hailing apps, under the aegis of the Amalgamated Union of App-Based Transport Workers of Nigeria, have cab-hailing firms to review taxi fares in light of the recent removal of fuel subsidy and the attendant ripple effect. The group urged App-Based Transport firms, such as Uber, Bolt, Lagride, Indriver among…
LAGOS MAY 31ST (NEWSRANGERS)-The Nigerian National Petroleum Company (NNPC) Limited has fixed the price of Premium Motor Spirit (PMS), popularly known as fuel or petrol, at N488 and N555 per litre at the peak. This development came hours after the new President, Asiwaju Bola Ahmed Tinubu announced an end to the removal of fuel subsidy…
LAGOS MAY 31ST (NEWSRANGERS)-Folasade Tinubu-Ojo, the daughter of President Bola Ahmed Tinubu has declared herself as the Iyaloja General of Nigeria. The title is meant to identify her as the president of all market men and women in the country. Tinubu-Ojo added the title to her Twitter bio to reflect her new status after the…
LAGOS MAY 30TH (NEWSRANGERS)-Reactions yesterday trailed President Bola Tinubu’s resolve to remove petrol subsidy and unify forex rates, as the Nigeria Labour Congress, NLC, said the President was merely flying a kite and would not have the courage to do it. However, the Manufacturers Association of Nigeria, MAN; the Nigerian Chamber of Commerce, Industry, Mines…
LAGOS MAY 27TH (NEWSRANGERS)-Nigeria’s currency weakened in the parallel market to the lowest level in a year on expectations of a possible change in exchange-rate management after Bola Tinubu takes office as president on Monday. The naira dropped to 775 per dollar on Friday from 762 the previous day in the unauthorized market in Lagos,…
LAGOS MAY 26TH (NEWSRANGERS)-A man has been arrested for opening the emergency door of an Asiana Airlines flight as it was landing in South Korea. All 194 passengers survived the flight, which landed safely but with its door still open at Daegu International Airport on Friday. Some passengers fainted while others had breathing problems and…
LAGOS MAY 26TH (NEWSRANGERS)-Justice Chukwuejekwu Aneke of the Federal High Court sitting in Lagos has sentenced the trio of Kasumu Ademola, Salau Mikailu, and Ganiyu Ishola to 20 years imprisonment. The three persons were sentenced on Wednesday after pleading guilty to diverting the shares of a dead client, identified as Mr Joseph Adeyemi, worth N34…
