LAGOS MARCH 15TH (NEWRANGERS)-Nigeria launched a $672 million fund on Tuesday to support tech and creative sectors for young investors who struggle to raise capital in Africa’s largest economy. The fund – targeting 15 to 35-year-olds – comes at a time when there are concerns locally about the failure of U.S. startup-focused lender SVB Financial…
LAGOS DECEMBER 17TH (NEWSRANGERS0-The Federal Government has signed a $10 billion development and Engineering, Procurement and Constructive (EPC) implementation framework agreement with a US firm: Sun Africa LLC. This agreement was signed on Wednesday at the US-Africa Business Forum (USABF) in Washington D.C. with the largest US renewable energy company operating in Africa. The pact,…
LAGOS AUGUST 24TH (NEWSRANGERS)-The Federal Government, on Tuesday, signed a fresh agreement with the Government of the United States of America, USA, for the repatriation of a total sum of $23, 439, 724 that was allegedly looted by the late former military Head of State, General Sani Abacha. While the Attorney-General of the Federation and…
LAGOS AUGUST 5TH (NEWSRANGERS)-Nigeria asked Google to block the use of YouTube channels and livestreams by banned groups and terrorist organizations in the country, Information Minister Lai Mohammed said on Thursday. Nigeria has been exploring ways to regulate social media usage in the country, Africa’s most populous. The country is home to millions of internet…
LAGOS AUGUST 3RD (NEWSRANGERS)-Nigeria’s broadcast regulator has fined Multichoice Nigeria Ltd, part of South African pay-TV group, and others 5 million naira ($12,013.74) each for airing a BBC report that it said “glorified the activities of bandits and undermines national security.” The National Broadcasting Commission said in a statement on Wednesday that the outlets had…
LAGOS JULY 29TH (NEWSRANGERS)-The Federal Government says it will sanction Trust TV, a television owned by Media Trust Group, and the BBC over their stories on bandits in the North. In separate documentaries, Trust TV and BBC Africa Eye exposed the activities of the gangs making life difficult for Nigerians. Speaking with journalists on Thursday,…
LAGOS JUNE 1ST (NEWSRANGERS)-Following the resurgence of Monkeypox in the country, with 21 cases and one death recorded by the Nigeria Centre for Disease Control (NCDC), the Federal government has banned the sales of bush meat and also urged hunters to take a break for health safety’s sake. The Minister of Agriculture and Rural Development,…
LAGOS APRIL 10TH (NEWSRANGERS)-Nigerian separatist, Sunday “Igboho” Adeyemo, has said President Patrice Talon of Benin Republic saved him from the “murderous” Nigerian government. POLITICS NIGERIA reports that Igboho is accused of stoking ethnic tensions in Nigeria after targeting Fulani herders. Last year, he emerged as the latest figure calling for a Yoruba nation in the…