LAGOS SEPTEMBER 28TH (NEWSRANGERS)-Senator Adams Oshiomhole says government must intervene to stabilise the country’s currency, the naira, saying market forces cannot do such. Nigeria’s currency exchanges for close to N1,000 for a dollar in the parallel market and a pound going for around N1,200 months after the Central Bank of Nigeria (CBN) floated the naira….
LAGOS SEPTEMBER 26TH (NEWSRANGERS)-Presidential candidate of the Labour Party (LP), Mr. Peter Obi, has said efforts of the Federal Government in seeking foreign investors abroad is waste of time if environment for businesses to thrive is not put in place. This is coming on the heels of President Bola Tinubu’s statement on the sidelines of…
LAGOS SEPTEMBER 21ST (NEWSRANGERS)-Despite the numerous assurances by President Bola Ahmed Tinubu that the subsidy is gone, Daily Trust’s finding shows that the federal government paid N169.4 billion as subsidy in August to keep the pump price at N620 per litre. There have been several reports suggesting that the current price stagnation despite the worsening…
LAGOS AUGUST 15TH (NEWSRANGERS)-Nigerian prosecutors filed a 20-count indictment against suspended and detained central bank governor Godwin Emefiele on Tuesday, one of them accusing him of “conferring unlawful advantages”, a government lawyer said. President Bola Tinubu, who is embarking on the boldest reforms in Africa’s biggest economy in more than a decade, has launched a…
LAGOS JULY 23RD (NEWSRANGERS)-Governor Godwin Obaseki of Edo State has blamed the Federal Government for the deplorable state of the Benin-Sapele Road where his convoy was recently trapped. A social media user had recorded a video of the convoy struggling to pass through the flooded road. After the video went viral, Obaseki was heavily criticised…
LAGOS JULY 23RD (NEWSRANGERS-The Federal Ministry of Education has issued a directive to increase the school fees for new students enrolling in Federal Government Colleges, commonly known as Federal Unity Colleges, to ₦100,000. The directive, contained in a circular with reference number ADF/120/DSSE/I, dated 25th May 2023, was addressed to all Principals of Federal Unity…
LAGOS JUKY 15TH (NEWSRANGERS)-The federal government has filed a two-count charge of illegal processions of firearm and ammunition against suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele before the Federal High Court in Lagos. The federal government in the charge sheet, seen by our correspondent, accused Emefiele of possessing a single-barrel shotgun (JOJEFF MAGNUM…
LAGOS JUNE 26TH (NEWSRANGERS)-The Federal Government has declared Wednesday, June 28 and Thursday, June 29 as Eid-El-Kabir holidays. This was contained in a statement by the Permanent Secretary, Ministry of Interior, Oluwatoyin Akinlade. The statement read, “The Federal Government has declared Wednesday, June 28th and Thursday, June 29th 2023 Public Holidays in commemoration of this…