LAGOS FEBRUARY 20TH (NEWSRANGERS)-The Federal Government has threatened to open the borders to enable cement importation if Nigeria’s cement manufacturers refuse to reduce the price of the commodity in the country. The Minister of Housing and Urban Development, Ahmed Dangiwa, who issued the threat on Tuesday, said key input materials for cement production such as…
LAGOS FEBRUARY 12TH (NEWSRANGERS)-The International Monetary Fund (IMF) has urged the Federal Government to completely phase out electricity subsidy in the country as a result of the hardship Nigerians are facing since the removal of fuel subsidy in May 2023. The Bretton Woods Institution made this recommendation as the mechanism for Nigeria to restore macroeconomic…
LAGOS JANUARY 29TH (NEWSRANGERS)-The Minister of State for Defence, Bello Matawalle, has directed an investigation into oil theft allegations against Emmanuel Ogalla, chief of naval staff. A report by Peoples Gazette had alleged that Ogalla was involved in a multibillion naira oil bunkering and contract-splitting fraud. The director of information in the ministry of defence,…
LAGOS JANUARY 9TH (NEWSRANGERS)-LABOUR Party, LP, presidential candidate during the February 25, 2023 General Elections, Peter Obi, has kicked against what he described as Federal Government’s disturbing pattern of huge borrowing and profligate spending on non-essential procurements, warning that such pattern would soon wreck the economy. .The former Anambra State governor also condemned Federal Government’s…
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…