LAGOS DECEMBER 30TH (NEWSRANGERS)-A US-based media company, Bloomberg L.P., has predicted a continued decline of the Nigerian naira in 2024, potentially making it the worst-performing currency globally for the second year in a row. Bloomberg’s market analysis reveals a staggering 55% depreciation of the naira this year, reaching about 1,043 to the dollar as of…
LAGOS MAY 3RD (NEWSRANGERS)-Aranda Overseas Corp, a company belonging to Seyi Tinubu, purchased a London mansion which the Nigerian government had tried to seize as property bought with the proceeds of crime, Bloomberg has reported. Seyi, who is the son of the President-elect, Bola Tinubu, bought the property for £9 million ($10.8 million) through the…
LAGOS AUGUST 19TH (NEWSRANGERS)-The Minister of Information and Culture, Alhaji Lai Mohammed, says the online media report that he “sneaked out of Nigeria to meet with Twitter executive’’ in the U.S. is fake. In an interview with the News Agency of Nigeria (NAN) in Washington on Wednesday, the minister said his official visit to the…