LAGOS NOVEMBER 14TH (NEWSRANGERS)-Naira scarcity is biting harder across the country as banks have limited cash withdrawals, findings by Daily Trust have shown. Residents of Lagos, Abuja, Kano, Katsina, Jigawa and Adamawa and in other parts of the country are expressing concerns over their inability to withdraw huge cash in their banks, raising fears of…
LAGOS NOVEMBER 9TH (NEWSRANGERS)-Nigeria’s former central bank governor was freed on bail after spending the past five months in prison. A court in the capital, Abuja, released Godwin Emefiele on Wednesday, his lawyer Johnson Usman said by phone. The court ordered Emefiele to surrender his travel documents, Lagos-based newspaper Punch reported. Emefiele, 62, has been…
LAGOS SEPTEMBER 27TH (NEWSRANGERS)-A former governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has stated that the All Progressives Congress-led government has set Nigeria 40 years backwards economically. He lamented that the APC has wiped out all the gains the country made in 35 years. The former Emir of Kano made the…
LAGOS SEPTEMBER 25TH (NEWSRANGERS)-Nigeria’s external debt has surged by N13.38 tn ($17.38 billion) in the second quarter of 2023 due to a significant devaluation of the naira and changes in foreign exchange policies, according to data from the Debt Management Office (DMO). The country’s external debt rose to N33.25 tn ($43.16bn) in Q2 2023 from…