LAGOS FEBRUARY 21ST (NEWSRANGERS)-Less than five days after the Central Bank of Nigeria (CBN) reduced exchange rate for Customs cargo clearance from N1,515.48 to N1,472.756, the apex regulatory bank, on Wednesday, increased the rate to N1,605.82 per dollar representing nine per cent increment. But, the presidential candidate of the Labour Party (LP) in the 2023…
LAGOS FEBRUARY 21ST (NEWSRANGERS)-Developers in the built industry have rejected the agreement reached between the Federal Government and cement manufacturers. At the meeting, it was resolved that prices of cement will be reduced to between N7,000 and N8,000. In an exclusive interview with The PUNCH, the President of the Real Estate Developers Association of Nigeria,…
LAGOS FEBRUARY 21ST (NEWSRANGERS)-The Nigeria Police Force has confirmed the arrest of Labour Party’s National Chairman, Julius Abure. Politics Nigeria earlier reported that Abure was arrested on Wednesday afternoon in Benin City, the Edo State capital. Speaking on his arrest, spokesperson for the Nigeria Police Force Zone 5, Tijani Momoh, said Abure was nabbed by…
LAGOS FEBRUARY 21ST (NEWSRANGERS)-Former governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, through his legal team, has threatened to sue President of the Nigerian Senate, Godswill Akpabio over alleged defamation. Emefiele would demand N25 billion in damages from the Senate President if he fails to apologise, according to his solicitors. This was contained…
LAGOS FEBRUARY 21ST (NEWSRANGERS)-Operatives of the Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested one Captain Nuhu Haruna for an alleged criminal breach of trust to the tune of N1,020,000.000 (One Billion, Twenty Million Naira only) The suspect was arrested when a petitioner alleged that sometime in December 2023, he…
LAGOS FEBRUARY 20TH (NEWSRANGERS)-The Nigeria Customs Service (NCS) says it is working to distribute some seized food items nationwide as the biting food crisis continues in the country. According to the National Public Relations, CSC Abdullahi Maiwada, the food items will be distributed after they are certified fit for human consumption. In a Tuesday statement, he…
LAGOS FEBRUARY 20TH (NEWSRANGERS)-Six residents, including the ward head, Haruna Wakili, were killed when terrorists attacked Yar Nasarawa, a community in Faskari Local Government Area of Katsina State on Monday. Residents said the terrorists abducted about 38 residents, including women and children and left 10 residents with gunshot injuries. They also burnt down six houses,…
LAGOS FEBRUARY 20TH (NEWSRANGERS)-The harsh economic conditions in Nigeria, exacerbated by policies implemented under President Bola Tinubu, have driven a surge in the number of Nigerians desperately seeking to leave the country. The phenomenon, known locally as ‘Japa’, reflects the frustration of the youth amid economic hardship, inflation, and insecurity. The desperation to escape the…
