LAGOS FEBRUARY 27TH (NEWSRANGERS)-Ace economist and chieftain of the Labour Party, Pat Utomi, has issued a stern warning that the naira may fall to N10,000 per dollar if nothing is done urgently. Utomi gave this warning on Sunday at an event organised by activist Dr Moses Paul to mark the first anniversary of the 2023…
LAGOS FEBRUARY 26TH (NEWSRANGERS)-A bill to grant independence to any section of Nigeria that seeks self-determination is among 40 others that have been submitted for alterations for the review of the 1999 constitution of Nigeria. The house review committee will to be inaugurated im February 26 in Abuja. Also received is a bill for the…
LAGOS FEBRUARY 25TH (NEWSRANGERS)-Nigeria has agreed to restore electricity supply to Niger Republic as the Economic Community of West African States (ECOWAS) yesterday lifted the sanctions on Niger, Mali, Burkina-Faso and Guinea. The sanctions were lifted after the extraordinary summit of ECOWAS on the political, peace and security situation in the sub-region held at the…
LAGOS FEBRUARY 23RD (NEWSRANGERS)-Argentina scheduled exhibitions against El Salvador and Nigeria in the United States next month as part of Copa America preparations, replacing a China tour canceled after Lionel Messi didn’t play at Inter Miami’s preseason game in Hong Kong. Argentina will play El Salvador on March 22 at Philadelphia’s Lincoln Field and Nigeria…
LAGOS FEBRUARY 18TH (NEWSRANGERS)-Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country. The latest government statistics released Thursday showed…
LAGOS FEBRUARY 16TH (NEWSRANGERS)-The Naira has suffered another setback as trans-border businessmen and women who hitherto used to transact their businesses in Naira and other currencies have stopped accepting the currency as payment for business transactions. The traders claim that using the Naira to transact their businesses has become counterproductive following its continued depreciation, adding…
LAGOS FEBRUARY 16TH (NEWSRANGERS)-The Nigerian Bar Association, NBA, has asked President Bola Tinubu to declare a state of emergency on the issue of insecurity in the country. NBA, which is the umbrella body of legal practitioners in the country, in a state of the nation address it presented in Abuja on Wednesday, maintained that “what…
LAGOS FEBRUARY 13TH (NEWSRANGERS)-The International Monetary Fund said Nigeria is facing a worsening economic crisis. The global lender stated this in a new report titled, “IMF Executive Board Concludes Post Financing Assessment with Nigeria.” According to the IMF, stalled per-capita growth, poverty, and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria. The…
