LAGOS JULY 20TH (NEWSRANGERS)-Nigeria’s official currency exchange rate is once again widening a gap with the parallel-market rate, shrugging off a brief convergence spurred by central bank actions. The naira closed at 743 per dollar on the platform accepted as the official rate by the central bank on Tuesday, according to data compiled by Bloomberg….
LAGOS JULY 18TH (NEWSRANGERS)-The Federal Government has scrapped plans to distribute monthly cash of N8,000 to 12 million households as part of efforts to cushion the effects of the fuel subsidy removal, PODIUM REPORTERS can reliably report. Sources in the Villa confirmed the development to this publication today, citing concerns over the ability of the…
LAGOS JULY 18TH (NEWSRANGERS)-Fuel queues have resurfaced in Abuja, Nigeria’s capital city, as a result of the hike in the pump price of petrol. Daily Trust had reported that fuel which sold for N537 per litre in the nation’s capital as of last night was reviewed upward to N617 in some parts of Abuja on…
LAGOS JULY 18TH (NEWSRANGERS)-The Nigeria Customs Service, on Monday, said it intercepted 31 rifles and ammunition coming to Nigeria from the United States in the first two weeks of July. Addressing journalists at the Federal Operations Unit, Zone A Ikeja, Lagos, the acting Controller-General of Customs, Adewale Adeniyi, said the contrabands were seized at the…
LAGOS JULY 18TH (NEWSRANGERS)-The suspended Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has spent 33 days in the custody of the Department of State Services. The secret police arrested Bawa on June 14, hours after his suspension by President Bola Tinubu. The Director of Information, Office of the Secretary to the Government…
LAGOS JULY 18TH (NEWSRANGERS)-The Acting Comptroller General of the Nigeria Customs Service, NCS, Adewale Adeniyi has announced the dissolution of the CGC Strike Force. The directive is contained in a circular with No. EII/2023/CIRCULAR NO.004 and signed by the Deputy Comptroller General (DCG) E, I&I, M. Abba-Kura on Monday 17th July, 2023. The CG further…
LAGOS JULY 18TH (NEWSRANGERS)-No fewer than 60 legal practitioners on Monday, approached a High Court of the Federal Capital Territory to begin committal proceedings against the State Security Services (SSS). The lawyers said the suit was hinged on what they described as a violation of multiple judgments and orders of the court directing the agency…
LAGOS JULY 18TH (NEWSRANGERS)-Petrol prices in Nigeria hit their highest level ever on Tuesday (July 18). That’s just weeks after President Bola Tinubu scrapped a fuel subsidy in a country where millions of households and businesses rely on petrol for power due to a patchy national grid. According to a circular seen by Reuters,…
