LAGOS JUNE 16TH (NEWSRANGERS)-The removal of the peg on the naira thus allowing for a free float will force a review of the assumptions that led to the pump price of petrol at N488 per litre in Lagos, industry operators say. Nigeria’s state-owned oil company, the Nigerian National Petroleum Company Limited (NNPCL) last month issued…
LAGOS JUNE 16TH (NEWSRANGERS)-President Bola Ahmed Tinubu Policy Advisory Council has recommended the declaration of a state of emergency on revenue generation in the country. The council also proposed the merger of the Federal Inland Revenue Service, Nigerian Customs Service, and the Nigerian Maritime Administration and Safety Agency into the Nigerian Revenue Service in order…
Unknown persons suspected to be grave robbers have invaded a private residence, exhumed and whisked away the corpse of an octogenarian landlord few hours after he was buried inside his room in Benin City. Consequently, operatives of the Zone 5 Police Headquarters in Benin have launched a manhunt for the perpetrators with a view to…
LAGOS JUNE 16TH (NEWSRANGERS)-Air travellers across Nigeria have decried the high fares being charged by airlines for domestic flights despite the massive decline in the cost of aviation fuel. Airlines still charge as high as N60,000 for one-way ticket for domestic flights in Nigeria, despite the decline in the cost of aviation fuel from over…
LAGOS JUNE 16TH (NEWSRANGERS)-Sitting on top of a yellow jerry can of fuel, Jeannine waits for customers on a sidewalk in Benin’s economic capital Cotonou, but business is slow. The motorbikes and cars she normally supplies are no longer stopping to stock up on her cheap gasoline, which is smuggled in from neighbouring Nigeria. Since…
LAGOS JUNE 16TH (NEWSRANGERS)-Some houses and cars were sunk in water at the Abattoir-Orile Agege-Almaroof – Aboru canal, and the lyana-lpaja axis in Lagos State as flood continues to wreak havoc on the residents. The same situation of flooding was witnessed at the back of the Government Senior College Agege on Thursday and on the…
LAGOS JUNE 16TH (NEWSRANGERS)- A man identified as Simon Ngonja has died a few days after he was attacked by his dog in Yaoundé, Cameroon. According to reports, the deceased, said to be a senior staff at the Prime Minister’s office, was attacked by the German Shepherd dog when he returned from a trip on…
LAGOS JUNE 15TH (NEWSRANGERS)-Abdulsamad Rabiu, the chairman of BUA Group, has suffered a substantial loss to his fortune in the wake of the Naira’s devaluation. It had reported that the Central Bank of Nigeria announced that the naira exchange rate to the dollar will now be determined by market forces. The apex bank went further…
