LAGOS SEPTEMBER 5TH (NEWSRANGERS)-Co-chair of the Bill and Melinda Gates Foundation, Bill Gates, says Nigeria’s economy has stagnated, stating that earlier in the year, the country’s debt exceeded 50 per cent of its Gross Domestic Product for the first time since 2001. Gates stated this during his address at the National Economic Council meeting held…
LAGOS JULY 18TH (NEWSRNAGERS)-Governors elected under the platform of the Peoples Democratic Party, PDP, has again lashed out at the All Progressives Congress-led Federal Government over its management of the country’s economy. The governors, who made the observation in a statement they issued after their meeting in Enugu, said they identified with the Nigerian masses…
LAGOS JANUARY 7TH (NEWSRANGERS)-A raid by Nigerian anti-graft officials on the offices of Dangote Industries Ltd, controlled by billionaire Aliko Dangote, will harm the economy and deter investors, according to the chairman of an influential panel in the country’s parliament. “The raid on Dangote Group is not only very suspicious, but most importantly capable of…
By Okolo Emmanuella. LAGOS JULY 6TH (NEWSRANGERS)-The rise of cyber crime in Nigeria has become a major concern for the country’s economy and security. Nigeria is one of the largest sources of cybercrime in the world, with criminals using a caricature of tactics to steal money and personal information from individuals and companies around the…
LAGOS SEPTEMBER 29TH (NEWSRANGERS)-A third-party presidential candidate trying to capitalize on widespread discontent in Nigeria said he’ll scrap multibillion-dollar fuel subsidies and restructure debt to free up funds to tackle insecurity and boost investment if he wins the election next year. Peter Obi — a former state governor and banker — has emerged as the…
LAGOS MARCH 29TH (NEWSRANGERS)-Former Governor Peter Obi has expressed belief that Nigeria, with its abundant resources, could be on the right developmental track, with strict implementation of progressive policies. In a telephone interview, Obi said he was currently in Morocco as part of his plans for meetings and understudy of the best performing economies in…
LAGOS FEBRUARY 19TH (NEWSRANGERS)-Nigeria’s economy exited recession in the fourth quarter of 2020, recording its first growth in three quarters as coronavirus-linked lockdown was lifted across the country, the National Bureau of Statistics said in a report Thursday. The report said Gross Domestic Product (GDP) grew 0.11 per cent in the three months between October…
LAGOS JANUARY 4TH (NEWSRANGERS)-The Vice Presidential Candidate of the Peoples Democratic Party (PDP) in the 2019 elections, Mr Peter Obi, has explained that Nigeria’s economy can be turned around for good if every Nigerian leader imbibes the virtues of hard work and discipline and eschew the wastages now associated with public service in Nigeria. Obi…