LAGOS MAY 27TH (NEWSRANGERS)-President Bola Tinubu has approved a 50% discount on all passenger train services operated by the Nigerian Railway Corporation, NRC. This is to cushion transportation costs for Nigerians during the Eid-el-Kabir celebration. The president said the discount will take effect from Tuesday, May 26, 2026, until Monday, June 1, 2026. Passengers travelling on NRC…
LAGOS MARCH 8TH (NEWSRANGERS)-President Bola Tinubu has approved an upward review of salaries and allowances for members of the Nigerian Armed Forces as part of efforts to improve their welfare and strengthen the country’s security operations. The approval was revealed during an interfaith breaking of fast with members of the Armed Forces held at…
LAGOS OCTOBER 9TH (NEWSRANGERS)-The National Council of State has approved the nomination of Professor Joash Ojo Amupitan, SAN, as the new Chairman of the Independent National Electoral Commission (INEC). This was disclosed in a statement by the Special Assistant to the President on Information and Strategy, Bayo Onanuga, on Thursday. He said that President Bola…
LAGOS JULY 23RD (NEWSRNAGERS)-The Senate on Tuesday approved President Bola Tinubu’s external borrowing plan of over $21bn for the 2025–2026 fiscal cycle, paving the way for the full implementation of the 2025 Appropriation Act. The comprehensive borrowing package includes $21.19bn in direct foreign loans, €4bn, ¥15bn, a $65m grant and domestic borrowing through government bonds…
LAGOS MAY 15TH (NEWSRANGERS)-The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced the appointment of 12 banks as Primary Lending Institutions (PLIs) for the disbursement of the over $360 million Cabotage Vessel Financing Fund (CVFF). Daily Trust reports that the agency, had in 2023, appointed five banks as PLIs for the disbursement of the…
LAGOS DECEMBER 16TH (NEWSRANGERS)-Leaders of the West African regional grouping, Ecowas, have approved the withdrawal of three countries ruled by the military from the bloc, but have offered a six-month grace period for them to reconsider. Mali, Burkina Faso and Niger plan to withdraw from Ecowas in January after refusing the bloc’s demand to restore…
LAGOS JUNE 28TH (NEWSRANGERS)-President Bola Tinubu has approved an uplift grant under the National Construction and Household Support Programme for 3.6m Nigerian families. This initiative will deliver N50,000 to 100,000 families in each state for three months. The disbursement of the Tinubu uplift grant to families will occur over a three-month period, according to presidential…
LAGOS JUNE 16TH (NEWSRANGERS)-Nigerians have expressed concerns as the World Bank announced the approval of a new loan worth $2.25 billion for the administration of President Bola Tinubu. The World Bank tweeted on Thursday, June 13, that the loan had been approved and was meant to support President Bola Tinubu’s reforms in the country The…