LAGOS AUGUST 2ND (NEWSRANGERS)-President Bola Tinubu has barely been in power for two months but his radical reforms are already trying the patience of fellow Nigerians. Surging gasoline prices and rampant inflation following the abolition of fuel subsidies and exchange rate reform are hammering the poor in Africa’s most populous nation, where 40% of its…
LAGOS AUGUST 2ND (NEWSRANGERS)-President Bola Tinubu, who is at the helm of regional superpower Nigeria, regards the coup across the border in Niger as a litmus test for democracy in West Africa. Having assumed the chairmanship of regional bloc Ecowas a mere three weeks ago, he was confronted with a major foreign policy challenge when…
LAGOS AUGUST 1ST (NEWSRANGERS)-The Catholic Bishops Conference of Nigeria, CBCN, yesterday raised the alarm that the removal of fuel subsidy without cushioning the effects has put the country on the brink of collapse. The bishops’ alarm came as Nigeria Employers Consultative Association, NECA, pleaded with the Federal Government to urgently address the pains of the…
LAGOS AUGUST 1ST (NEWSRANGERS)-Nigeria has saved over 1 trillion naira ($1.32 billion) in just over two months by scrapping a popular but costly subsidy on petrol and moved to unify its multiple exchange rates, President Bola Tinubu said on Monday. Tinubu is under pressure as prices soar following the country’s boldest reforms in decades, which…
LAGOS JULY 28TH (NEWSRANGERS)-On the road linking Niger’s capital Niamey with the south of the country, illegal fuel warehouses have closed and intrepid black-market touts waving petrol canisters at passing cars have become an endangered species. The reason? Neighbouring Nigeria has scrapped its subsidies for petrol — a move that tripled domestic prices and ended…
LAGOS JULY 23RD (NEWSRANGERS)-The Chief Executive Officer, Financial Derivatives Company Limited, Bismarck Rewane has assured Nigerians that the economic reforms and policies of President Bola Tinubu’s administration will start yielding results from the first quarter of 2024. Rewane said this on Saturday, while speaking on Arise News TV programme, adding that there will be more…
LAGOS JULY 22ND (NEWSRANGERS)-On Wednesday 19 July, the trial of three Vietnamese and one Guinean national accused of trafficking 7.1 tonnes of pangolin scales and 850 kgs of ivory concluded in Nigeria with the conviction of the four accused. The judge of the Federal High Court of Nigeria in Lagos sentenced the accused to six…
LAGOS JULY 18TH (NEWSRANGERS)-The Nigeria Customs Service, on Monday, said it intercepted 31 rifles and ammunition coming to Nigeria from the United States in the first two weeks of July. Addressing journalists at the Federal Operations Unit, Zone A Ikeja, Lagos, the acting Controller-General of Customs, Adewale Adeniyi, said the contrabands were seized at the…
