LAGOS JANUARY 31ST (NEWSRANGERS)-A Nigerian lawmaker burst into tears on Tuesday on the floor of the parliament while discussing the insecurity in his state. Although the security situation across the country appears to have worsened with almost daily reports of killings and kidnappings, the lawmaker focussed on the latest incident in his state. At the…
LAGOS JANUARY 31ST (NEWSRANGERS)An extensive investigation conducted by Swedish Radio News has uncovered a scheme in which scrapped cars from Sweden are being illegally exported and sold in Nigeria. The investigation identified 50 different Swedish cars, now on sale in Nigeria, with falsified information regarding their mileage and age. According to the report, “A car…
LAGOS JANUARY 31ST (NEWSRANGERS)-The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The Group Chief Executive Officer of NNPC Ltd, Mr Mele Kyari, led the company’s team to the discussions which held in Seoul,…
LAGOS JANUARY 30TH (NEWSRANGERS)-Nigeria on Monday said the “unelected” military authorities in Niger, Mali, and Burkina Faso were letting their people down with their joint decision to leave the Economic Community of West African States (ECOWAS). Nigeria, which is the current chair of the political and economic bloc, was commenting for the first time on…
LAGOS JANUARY 25TH (NEWSRANGERS)-Nigeria is bringing foreign-exchange trading back into public view, the latest step in its bid to narrow the gap between the official and unofficial rate of its naira currency. The country’s financial crimes watchdog has given the Association of Bureaux de Change Operators of Nigeria the go-ahead to publicly post the buying…
LAGOS JANUARY 25TH (NEWSRANGERS)-Secretary of State Antony Blinken on Tuesday said the United States is determined to remain a strong security partner for Nigeria, whose military is backed by the U.S., Britain and other allies in a long war against Islamist insurgents. Blinken also discussed challenges to democracy and security in the region during his…
LAGOS JANUARY 21ST (NEWSRANGERS)-The World Bank estimates that improved access to Internet coverage over three years led to a seven per cent reduction in extreme poverty in Nigeria and Tanzania. The bank disclosed this in a new brief titled, “Digital transformation drives development in Africa.” It said Internet access also led to an increase of…
LAGOS JANUARY 21ST (NEWSRANGERS)-Record inflation, a sliding naira currency and weak financial structure are keeping investors wary of Nigeria, Africa’s largest economy, with some companies even stepping away despite economic reforms under recently-elected President Bola Ahmed Tinubu. Tinubu, who took office last May, has repeatedly called for patience to allow his reforms to take effect…