LAGOS JANUARY 9TH (NEWSRANGERS)-An FCT High Court has awarded the sum of N100 million in damages in favour of former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele over his prolonged detention without trial, which it declared a flagrant violation of his fundamental rights. In the judgment on Monday, Justice Kayode Adeniyi also…
LAGOS JANUARY 7TH (NEWSRANGERS)-The Federal Government is set to sack the boards of Union Bank Limited and Titan Trust Bank Limited next week in a move to effectively take over the two financial service institutions, a source with the knowledge of the move told THEWILL on Saturday. The action follows the recommendation of the Special…
LAGOS JANUARY 5TH (NEWSRANGERS)-One month after the federal government promised to crash the cost of Liquefied Petroleum Gas (LPG), also known as cooking gas, households and businesses are still paying high prices for every kilogram of the commodity. This is because the price has remained on the high side, as investigation by Daily Trust revealed…
LAGOS DECEMBER 19TH (NEWSRANGERS)-The Federal Government is tinkering with the idea of subsidizing airfares to reduce the high costs of tickets. The Minister of Aviation and Aerospace Development, Mr Festus Keyamo was said to have held a meeting last week Friday with airline operators through their umbrella body, Airline Operators of Nigeria (AON) with a…
LAGOS DECEMBER 2ND (NEWSRANGERS)-The Federal Airports Authority of Nigeria (FAAN), has banned the use of ‘Ghana Must Go’ sacks by passengers at all airports in the country. According to a circular by FAAN, titled, ‘Re: Prohibition of Usage Of Ghana Must Go’, signed by Manager, Airport Services, Henok Gizachew, the ban is particularly for passengers…
LAGOS DECEMBER 2ND (NEWSRANGERS)-No fewer than 20,000 refugees have fled the Republic of Cameroon to seek asylum in Taraba State, Nigeria. The refugees camping in five local government areas of Sardauna, Kurmi, Gashaka, Ussa and Takum, are appealing to federal and state governments as well as non-governmental organizations for assistance to ameliorate their sufferings. The…
LAGOS NOVEMBER 28TH (NEWSRANGERS)-The Federal Executive Council (FEC), yesterday, approved a total expenditure of N27.5 trillion for next year, endorsing the continuation of spurious appropriation benchmarks and unambitious public spending. Details of the appropriation may be laid before the National Assembly tomorrow. With the 2024 – 2026 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP),…
LAGOS NOVEMBER 15TH (NEWSRANGERS)-Peter Obi, the presidential candidate of the Labour Party in the 2023 elections, has reacted to claims by the Federal Government that he inherited a bankrupt nation. In a statement released on Thursday via his verified X account, Obi said that the Federal Government’s claims were “without foundation” and that the government…