LAGOS OCTOBER 29TH (NEWSRANGERS)-Some workers in the Federal Capital Territory, Abuja, are currently groaning over a cut in their October salaries and allowances amid inflation and general economic hardship in the country. SaharaReporters gathered that the Federal Capital Territory Administration (FCTA) cut down most of their workers’ salaries, claiming its budget and personnel cost vote…
LAGOS SEPTEMBER 20TH (NEWSRANGERS)-Cryptocurrency usage is growing in Nigeria as Africa’s largest economy grapples with a weakening currency and soaring inflation, New York-based blockchain research firm Chainalysis said in a report on Tuesday. Nigeria’s volume of crypto transactions grew 9% year-over-year to $56.7 billion between July 2022 and June 2023. In Uganda, crypto use is…
LAGOS JULY 18TH (NEWSRANGERS)-Fresh increases in cement prices and associated products were implemented recently by distributors across the country, as high inflation impacted the building materials market. Dealers and retailers were jolted by the new regime of prices, as they were allegedly not given any prior notice. They were apprehensive at the weekend, and many…
LAGOS JULY 8TH (NEWSRANGERS)-At the once-bustling Utako Motor Park — an interstate motor hub connecting Nigeria’s capital Abuja to its 36 states – transporter Jume Hanwa took a rare daytime nap in the trunk of his empty vehicle. It was Eid al-Adha, a Muslim holiday typically celebrated with travel and family reunions, but no traveler…