LAGOS JUNE 27TH (NEWSRNAGERS)-The Cable NG reports that the market capitalisation of Fidelity Bank has crossed the N1 trillion mark as the share value of the company appreciated by 1.27 percent at the close of trading. According to data from the Nigerian Exchange Group (NGX), the bank’s market capitalisation hit N1 trillion after its…
LAGOS MAY 5TH (NEWSRANGERS)-Victor Osimhen continued his sensational form with a brace as Galatasaray thrashed Sivasspor 4-1, taking his goal tally to 33 for the season. The win keeps the Yellow-Reds’ hopes alive of securing a third consecutive Turkish Süper Lig title. The Nigerian striker was clinical once again, netting Galatasaray’s second and fourth goal,…
LAGOS APRIL 26TH (NEWSRNAGERS)-The World Bank has projected that poverty will increase in Nigeria by three percentage points in five years to 2027. The World Bank made this projection in its Africa Pulse report released on the sidelines of the ongoing Spring Meetings of the IMF and World Bank in Washington DC. The report, among…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-The 2023 presidential candidate of the Labour Party, Peter Obi has condemned the decision by President Bola Tinubu to increase the 2025 budget from N49.7 trillion to N54.2 trillion. In a post made on his X account, the former governor of Anambra State said increasing the 2025 Budget of Restoration due to…
LAGOS JANUARY 13TH (NEWSRANGERS)-The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major commodity that determines the prices of refined petroleum products. On Sunday, the price of Brent reached $79.76 per barrel. The rise in…
LAGOS AUGUST 31ST (NEWSRANGERS)-Nigeria is grappling with increasing economic pressures as intercity bus fares rise sharply, driven by surging fuel prices. The latest data from the National Bureau of Statistics (NBS) reveals that the average fare for intercity bus journeys jumped by 20.23% to N7,117.17 in July 2024, compared to N5,919.49 in July 2023. The…
LAGOS JUNE 5TH (NEWSRANGERS)-The Chairman of the Presidential Tax and Fiscal Policy Reforms Committee, Taiwo Oyedele, has said the proposed plan to increase the Value Added tax rate from 7.5 per cent to 10 per cent will be implemented in phases. This was as he revealed that empirical data had confirmed that less than 10…
LAGOS APRIL 30TH (NEWSRANGERS)-A Competition and Consumer Protection Tribunal sitting in Abuja, on Monday, issued a restraining order on Multi-Choice Nigeria Limited from increasing its tariffs and cost of products and services. Multi-choice had last week announced a price increment across its DStv and GOtv packages effective May 1, 2024. The pay-TV company claimed the…