LAGOS MAY 7TH (NEWSRANGERS)-Thousands of people were left trapped on trains or stranded overnight after the theft of copper cables halted high-speed services between Madrid and southern Spain’s Andalusia region. Authorities opened an investigation on Monday after Sunday’s theft, which Transport Minister Óscar Puente called a “serious act of sabotage”. He added that the cable…
LAGOS APRIL 4TH (NEWSRANGERS)-A Bayelsa State High Court sitting in Yenagoa has issued an order restraining associates of the Minister of the Federal Capital Territory, Nyesom Wike, from holding a mega rally in the state pending the hearing and determination of the motion on notice. The high court presided over by Justice I.A. Uzakah on…
LAGOS NOVEMBER 3RD (NEWSRANGERS)-Super Eagles forward, Ademola Lookman’s first-half brace was enough to halt Napoli’s winning charge as Atalanta beat Napoli 3-0 on Sunday. A 90+2 minutes goal from Mateo Retegui sealed the victory from the visiting team from Bergamo. Despite Napoli coach Antonio Conte’s meticulous planning, the former Chelsea manager’s efforts to contain Lookman…
LAGOS AUGUST 8TH (NEWSRANGERS)-The federal government has withdrawn the sale of subsidised 50 kilogramme bags of rice for N40,000 to public servants. No reason was given for the sudden change of action. The sale of the subsidised rice was announced on August 1 2024 through the Ministry of Special Duties and Inter-Governmental Affairs Human Resources…
LAGOS OCTOBER 20TH (NEWSRANGERS)-The House of Representatives on Thursday suspended a move by the Minister of Works, Dave Umahi, to divert from asphalt to the use of concrete for construction of roads across Nigeria. This is according to an Order Paper from the House obtained by People’s Gazette, after a member from Yobe State, Ms…
LAGOS AUGUST 16TH (NEWSRANGERS)-Nigeria’s international dollar-denominated bonds fell on Wednesday, after the president’s spokesman said petrol prices did not need to rise more, and blamed foreign exchange shortages on “gross mismanagement” at the central bank. Longer dated notes fell further. The 2051 maturity dropped as much as 1.7 cents on the dollar to 68.894 cents,…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-The Supreme Court Wednesday ordered the Central Bank of Nigeria (CBN) not to end the use of old naira notes on 10 February. The News Agency of Nigeria (NAN) reports that a seven-member panel of the court, led by John Okoro, gave the order of interim injunction amid acute scarcity of newly…
LAGOS JULY 29TH (NEWSRANGERS)-Nigeria’s central bank is halting dollar sales to exchange bureaus, saying they have become conduits for graft and illicit flows of money. “It is a huge hemorrhage on our scarce foreign exchange reserves and it cannot continue,” the bank’s governor, Godwin Emefiele, said on Tuesday. The decision by the central bank, which…