LAGOS MAY 21ST (NEWSRANGERS)-When he steps down next week President Muhammadu Buhari will be leaving Nigerians less secure, poorer and more in debt than when he came to office in 2015. The former military ruler became president after winning a momentous election which saw the defeat of underperforming incumbent Goodluck Jonathan. Riding a wave of…
LAGOS NOVEMBER 15TH (NEWSRANGERS)-Nigerians have complained that despite the naira’s gains in the past week, the costs of goods and services remain high. Recall that the naira miraculously recovered to N680/$ after reaching an all-time low of N900/$. Black market traders attributed the sudden improvement to eased demand and increased inflows of FX in…
LAGOS OCTOBER 18TH (NEWSRANGERS)-The Nigeria Liquefied and Natural Gas company has declared force majeure because of widespread flooding that has disrupted supply, a spokesman for the company said on Monday. Force majeure is a common clause in contracts which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the…
LAGOS OCTOBER 16TH (NEWSRANGERS)-The Presidential Candidate of the Labour Party, Mr Peter Obi, has pointed out that the high level of insecurity and the apparent neglect of the agricultural sector, among other factors, are responsible for the prevalent soaring food inflation experienced in the country. Obi, who made it known in a Message to mark…