LAGOS FEBRUARY 12TH (NEWSRANGERS)-The International Monetary Fund (IMF) has urged the Federal Government to completely phase out electricity subsidy in the country as a result of the hardship Nigerians are facing since the removal of fuel subsidy in May 2023. The Bretton Woods Institution made this recommendation as the mechanism for Nigeria to restore macroeconomic…
LAGOS AUGUST 16TH (NEWSRANGERS)-Nigeria’s international dollar-denominated bonds fell on Wednesday, after the president’s spokesman said petrol prices did not need to rise more, and blamed foreign exchange shortages on “gross mismanagement” at the central bank. Longer dated notes fell further. The 2051 maturity dropped as much as 1.7 cents on the dollar to 68.894 cents,…
LAGOS JULY 21ST (NEWSRANGERS)-Nigeria collected a record 5.5 trillion naira ($7 billion) of revenue in the first half as the government improves the tax-collection process in Africa’s biggest economy, the head of the Federal Inland Revenue Service said. The amount surpassed the 5.3 trillion-naira target set by the government for the period, and collections are…
LAGOS JUNE 12TH (NEWSRANGERS)-The Federal Ministry of Agriculture and Rural Development has alerted Nigerians on the outbreak of Anthrax in some neighbouring countries within the West African sub-region. Following the development, the ministry strongly advised Nigerians to desist from the consumption of hides (ponmo), smoked meat and bush meat as they pose serious risk until…
LAGOS APRIL 14TH (NEWSRANGERS)Nigeria’s federal government has officially recognised the Oba of Benin as the owner and custodian of all Benin artefacts looted and carted away from the shores of the country by a British military expedition in 1897. This was revealed in an official government Gazette seen by ARISE News. By the announced law,…
LAGOS APRIL 1ST (NEWSRANGERS)-Nigeria’s federal government has released the sum of N15 billion for the repatriation of Internally Displaced Nigerians from the three neighbouring countries. The internally displaced persons (IDPs) were those who flee to the neighbouring countries of Chad, Cameroon ans Niger at the height of Biko Haram and other terrorists activities in the…
LAGOS DECEMBER 13TH (NEWSRANGERS)-The Nigerian government has once again announced the review of travel protocol in response to the significant reduction in the global cases of the coronavirus pandemic. A memo addressed to all airline operators, among other stakeholders in the aviation industry by the Nigeria Civil Aviation Authority (NCAA) confirmed that the prevalence of…
LAGOS SEPTEMBER 22ND (NEWSRANGERS)-The legal firm of Malcolm Omirhobo And Co has given the Federal Government of Nigeria seven days ultimatum to release the certified true copy of the signed Memorandum Of Understanding (MOU) between the British Government and the Federal Government of Nigeria in relation to the reparation to the Federal Government of Nigeria by…
