LAGOS APRIL 4TH (NEWSRANGERS)-The Presidential candidate of the Labour Party in the 2023 general election, Peter Obi has raised concerns again at the nation’s rising debt profile saying that N97.3 trillion is on the high side and worrisome. According to the former Anambra State Governor, even more disturbing is the fact that most of these…
LAGOS APRIL 3RD (NEWSRANGERS)-The President Bola Tinubu-led Nigerian government has approved N225 ($0.15) per kilowatt-hour tariff increment for Band A electricity consumers in the country. The Vice Chairman of the Nigerian Electricity Regulatory Commission (NERC), Musliu Oseni, who made this known at a press briefing in Abuja on Wednesday said the increase will see the…
LAGOS MARCH 18TH (NEWSRANGERS)-Lagos based human right lawyer Chief (Barr.) Malcolm Omirhobo has condemned attack and killing of sixteen military men in Okuoma community of Ughelli North LGA of Delta State. He equally chastised the military for reprisal attack which has allegedly resulted in total razing of the the Urhobo community. Presently, there is…
LAGOS MARCH 12TH (NEWSRANGERS)-The Independent Media and Policy Initiative IMPI has hailed the federal government for allocating more funds to capital expenditure than recurrent in the budget for the first time in the current democratic dispensation. It said in statement signed by its Chairman Niyi Akinsiju that the decision to buck a 24- year trend…
LAGOS MARCH 6TH (NEWSRANGERS)-Binance, a leading cryptocurrency exchange, has announced its decision to cease operations in Nigeria due to regulatory challenges with the federal government and the Central Bank of Nigeria (CBN) regarding foreign exchange regulations. Customers have been given until March 8, 2024, to withdraw their funds, following the halt of naira deposits starting…
LAGOS MARCH 5TH (NEWSRANGERS)-The Nigeria Employers’ Consultative Association has warned that the Ministry of Interior’s expatriate employment levy will deter investment in the country. The association also faulted the levy, saying there would be a need for certain regulations to be put in place before such tax could be imposed. In a statement on Sunday,…
LAGOS FEBRUARY 25TH (NEWSRANGERS)-Nigeria has agreed to restore electricity supply to Niger Republic as the Economic Community of West African States (ECOWAS) yesterday lifted the sanctions on Niger, Mali, Burkina-Faso and Guinea. The sanctions were lifted after the extraordinary summit of ECOWAS on the political, peace and security situation in the sub-region held at the…
LAGOS FEBRUARY 21ST (NEWSRANGERS)-Less than five days after the Central Bank of Nigeria (CBN) reduced exchange rate for Customs cargo clearance from N1,515.48 to N1,472.756, the apex regulatory bank, on Wednesday, increased the rate to N1,605.82 per dollar representing nine per cent increment. But, the presidential candidate of the Labour Party (LP) in the 2023…