LAGOS AUGUST 15TH (NEWSRANGERS)-The presidency has officially declared that there will be no increase in petroleum product prices at the present moment. A Twitter post from the Nigerian Television Authority read: “The presidency says there is no increase in petroleum product prices at this time as the President is convinced based on the information before…
LAGOS JULY 18TH (NEWSRANGERS)-Petrol prices in Nigeria hit their highest level ever on Tuesday (July 18). That’s just weeks after President Bola Tinubu scrapped a fuel subsidy in a country where millions of households and businesses rely on petrol for power due to a patchy national grid. According to a circular seen by Reuters,…
LAGOS JULY 1ST (NEWSRANGERS)-Alhaji Mujahid Dokubo-Asari, an Ijaw activist, has said that 80 billion dollars was stolen under the administration of Muhammadu Buhari. Buhari, a retired Nigerian army major general, served as the president of Nigeria from 2015 to 2023. Asari Dokubo has claimed that huge funds were stolen in the name of fuel subsidies…
LAGOS JUNE 16TH (NEWSRANGERS)-Sitting on top of a yellow jerry can of fuel, Jeannine waits for customers on a sidewalk in Benin’s economic capital Cotonou, but business is slow. The motorbikes and cars she normally supplies are no longer stopping to stock up on her cheap gasoline, which is smuggled in from neighbouring Nigeria. Since…
LAGOS JUNE 5TH (NEWSRANGERS)-The reported drop in the price of cooking gas in the country has ignited heated reactions among Nigerians on Twitter. On Sunday, Wale Adedayo, a freelance writer, took to the microblogging platform to share a receipt for cooking gas purchased on June 1. The receipt showed that 12.5 kg of cooking gas…
LAGOS JUNE 4TH (NEWSRANGERS)-The planned industrial action scheduled for Wednesday by the Nigeria Labour Congress (NLC) has experienced a setback as the union appears divided with the South-west and northern states’ chapters pulling out of the proposed action, THISDAY has learnt. This is as one of the spokespersons of the All Progressives Congress (APC), Bayo…
LAGOS JUNE 1ST (NEWSRANGERS)-The House of Representatives has asked the new administration to provide palliatives to mitigate the effect of the petroleum subsidy removal on Nigerians. The resolution was contained in a report submitted by a committee set up last year to investigate subsidy. The committee’s report was considered and approved on Thursday by the…
LAGOS MAY 30TH (NEWSRANGERS)-Nigeria’s sovereign dollar-denominated bonds rose on Tuesday after new President Bola Tinubu said at his swearing in on Monday that a costly fuel subsidy would be removed and the central bank should work towards a unified exchange rate. Eurobonds were up as much as 1.77 cents in the dollar, with the 2029…