Minister  Gives Reasons Why Multinational Companies Are Exiting Nigeria

LAGOS JUNE 3RD (NEWSRANGERS)-The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has explained that multinational companies exiting Nigeria did not have a liquid foreign exchange market. According to him, the government is working on the economic and investment climate to attract more multinationals into Nigeria. The Minister stated this while fielding…

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Harsh Economy: Another Multinational Coy Exits Nigeria After 14-Year Operation

LAGOS MAY 2ND (NEWSRANGERS)-The American multinational and makers of “Huggies”, Kimberly-Clark, has exited the Nigerian market, citing the harsh economy. The company’s decision comes after it has operated locally in Nigeria for 14 years, according to a statement issued on Friday.   According to the statement, the company intended to adjust global strategic priorities and the prevailing…

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Adoption Of Old Nigeria Anthem Sparks Outrage

LAGOS MAY 30TH (NEWSRANGERS)-Nigeria adopted a new national anthem on Wednesday after lawmakers passed a law that replaced the current one with a version dropped nearly a half-century ago, sparking widespread criticism about how the law was hastily passed without much public input. President Bola Tinubu’s assent to the law comes a day after it…

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FBI Arrests Nigerian Trying To Flee U.S. With family After Contract Procurement Scam

LAGOS APRIL 29TH (NEWSRANGERS)-The Federal Bureau of Investigations (FBI) on April 2 took into custody Ifediora Oli, a dual citizen of Nigeria and the United States, for allegedly conniving with two persons to defraud the District of Columbia public transit system after securing a Covid-19 testing kit contract worth more than half a million dollars….

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