LAGOS AUGUST 11TH (NEWSRANGERS)-Nigeria’s stocks entered a bear market as worsening political tensions and an emerging-market sell-off caused foreign investors to shun assets in Africa’s biggest oil producer. The Nigerian Stock Exchange All Share Index fell 2.2 percent to 35,446.47 by the close in Lagos, the commercial capital, bringing the decline since its 2018 high…
LAGOS JULY 22ND (NEWSRANGERS)-Governor of Kano state Abdullahi Ganduje said three million children are out of school in his state alone, stressing the need to curb Africa’s population explosion. Speaking at Royal Institute of International Affairs, Chatham House, UK, Ganduje noted that, population explosion in Africa is a reality and education is not matching up…
LAGOS JUNE 26TH (NEWSRANGERS)-Nigeria has overtaken India as the country with the largest number of people living in extreme poverty, a new report by the World Poverty Clock has said. According to the report, extreme poverty in Nigeria is growing by six people every minute, the highest number in the world. India on the other…
China LAGOS MAY 22ND (NEWSRANGERS)-China has funneled billions of dollars into aid, loans and business deals on the African continent in recent years. But as ties continue to strengthen, a former Nigerian finance minister has warned that Beijing-style economic governance will not work for Africa. “China has been very helpful,” particularly with building much-needed infrastructure…
LAGOS APRIL 12TH (NEWSRANGERS)– The African Development Bank has signed a loan agreement for a soft commodity finance facility (SCFF) with the Export Trading Group (ETC). This Facility is innovatively structured as two successive loans of US $100 million, each with a tenor of up to 2 years, thus signifying the African Development Bank’s strong…
LAGOS MARCH 29TH (NEWSRANGERS)-Germany will stay top of the new FIFA World Ranking following March’s round of international fixtures, despite losing 1-0 to second-placed Brazil on Tuesday. Gabriel Jesus scored the only goal of the game in Berlin but it won’t be enough for Tite’s side to leapfrog the reigning world champions at the top…
By Amos Okioma,Yenagoa. LAGOS MARCH 3RD (NEWSRANGERS)-Former Governor of Anambra State Mr Peter Obi, penultimate Weekend in Yenagoa proffered panacea for Nigeria and Africa to overcome its economic challenges. Obi made the recommendations while speaking at the ongoing 2018 African SME Round Table Forum holding at the Azaiki Library in Yenagoa.. According to Obi, Nigeria…
m LAGOS MARCH 1ST (NEWSRANGERS)-Former Governor of Anambra State, Mr. Obi, on Monday in London, gave two conditions that must be met for Nigeria to overcome its economic difficulties and for Africa to develop. The conditions, he said while speaking to newsmen after the high-level discussions at the British House of Commons, include huge investment…
