LAGOS MAY 17TH (NEWSRANGERS)-Former President Olusegun Obasanjo has said Nigeria is sitting on a keg of gunpowder, as he bemoaned the hardship being experienced by citizens. Obasanjo made the remarks while speaking during Dele Momodu’s leadership lecture on Friday. He insisted that if China could lift 700 million people out of poverty, Nigeria ought to…
LAGOS JANUARY 20TH (NEWSRANGERS)-The presidential candidate of the Labour Party (LP) in the 2023 general election, Mr. Peter Obi, has lamented the level of hardship faced by Nigerians. Obi lamented the travails of low-income earners and the new trend of imposing all manner of exorbitant charges by PoS operators to access cash, even by petty…
LAGOS JANUARY 16TH (NEWSRANGERS)-Nigeria’s foreign reserves have taken a significant hit, dropping by $359.91 million in just one week to settle at $40.56 billion as of January 13, 2025. This sharp decline follows a brief high of $40.91 billion recorded on January 7, 2025, according to the latest figures from the Central Bank of Nigeria…
LAGOS JANUARY 16TH (NEWSRANGERS)-Nigeria’s inflation rate rose to 34.8% in December 2024, up from 34.6% in November, driven by increased demand for goods and services during the festive season. This was revealed in the Consumer Price Index (CPI) report for December 2024, published by the National Bureau of Statistics (NBS). The NBS stated: “In December…
LAGOS OCTOBER 28TH (NEWSRANGERS)-As Nigeria grapples with worsening economic conditions, citizens are increasingly raising alarms about the impact on their mental well-being, with anxiety, depression, and even suicidal thoughts on the rise across the nation. Amid skyrocketing costs of food, transportation, and healthcare, the economic crisis has severely reduced purchasing power, leaving millions struggling…
LAGOS OCTOBER 23RD (NEWSRANGERS)-Nigerians have yet to know respite in the 16-month-old administration of President Bola Ahmed Tinubu. From the inauguration podium where the new President announced that “subsidy is gone”, Nigerians have been thrown into the abyss of astronomical petrol prices that have birthed unprecedented rising inflation, soaring food prices and high unemployment rate….
LAGOS OCTOBER 11TH (NEWSRANGERS)-Repentant Boko Haram members who are currently undergoing rehabilitation and reintegration process at Hajj camp along Maiduguri-Damaturu expressway in Borno State on Thursday, occupied the major road in protest of hunger and hardship in the camp Our correspondent gathered from eyewitnesses that the ex-fighters occupied the road at the front of the…
LAGOS SEPTEMBER 25TH (NEWSRANGERS)-In a bid to alleviate economic hardship and support small businesses, the Federal Government has announced plans to scrap several taxes affecting vulnerable populations and small-scale enterprises. The decision was part of the resolutions at the Federal Executive Council (FEC) meeting held on Monday, chaired by President Bola Tinubu. The FEC approved…