LAGOS JUNE 29TH (NEWSRNAGERS)-The naira has emerged as the worst-performing currency in the world in the first half of 2024. According to a report by Bloomberg on Friday, devaluation, insufficient dollar liquidity, and market volatility have hindered efforts by the Central Bank of Nigeria to strengthen the currency. Besides the naira, Egypt’s pound and Ghana’s…
LAGOS JUNE 25TH (NEWSRNAGERS)-The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has warned against the unauthorised use of her name and image for political battles. This follows a Facebook post alleging Okonjo-Iweala’s criticism of the economic decisions of the Bola Tinubu administration amidst a reported rise in national debt to N24 trillion within two…
LAGOS JUNE 23RD (NEWSRNAGERS)-In two months, Nigerians will begin utilising the services of the proposed three-in-one identity card, the National Identity Management Commission has confirmed. It said the single multipurpose card combining multiple functions of identity, financial and social services will be made available to citizens across the country by August this year. A high-ranking…
LAGOS JUNE 30TH (NEWSRNAGERS)-In the latest FIFA rankings released on Thursday, Nigeria has fallen to the 38th position. The Super Eagles now have 1498.93 points, a decrease from their previous 1520.27 points. This drop marks a significant shift in the global football landscape, as Nigeria continues to face challenges on the international stage. Formerly ranked…
LAGOS JUNE 20TH (NEWSRANGERS)-Nigeria is set to send her first Astronaut to the moon. This was confirmed at the official signing of Memorandum of Understanding, MoU between Nigeria and a Brazilian company, Space Exploration and Research Agency, SERA in Abuja on Monday. The MoU provides Nigeria the opportunity of choosing her best candidate and send…
LAGOS JUNE 20TH (NEWSRANGERS)-As US and Europe-based multinationals exit Nigeria, Asian and local companies are stepping in to fill the void. Last week, London-based Diageo Plc sold its controlling stake in Guinness Nigeria Plc to Singapore’s Tolaram Group Inc. The Fouani Group, a local firm, operates a diaper and sanitary pad plant in a complex…
LAGOS JUNE 16TH (NEWSRNAGERS)-Ghana state-owned electricity companies have announced an interruption in power supply over reduced gas supply in Nigeria. In a joint statement on June 13, the Ghana Grid Company LTD (GRIDCO) and the Electricity Company of Ghana (ECG) said the gas supply shortage is expected to last for three weeks. “The Ghana Grid…
LAGOS JUNE 16TH (NEWSRNAGERS)-Nigeria tops the list for delegate registration at the ongoing 112th International Labour Conference (ILC) in Geneva, Switzerland, with a delegation count surpassing that of 186 other nations. The International Labour Organisation’s (ILO) published list shows Nigeria’s delegation as the largest, with Nkeiruka Onyejeocha, the minister of state for labour and productivity,…