LAGOS JUNE 30TH (NEWSRANGERS)-The Presidential Candidate of the Labour Party, Mr Peter Obi, has explained that for Nigeria to overcome its present economic and political problems, the leaders, at all levels of governance, must be willing to make painful sacrifices that will benefit the people. Obi made the remarks while addressing journalists in Awka, Anambra…
By Okeke Destiny Chiyere LAGOS JUNE 29TH (NEWSRANGERS)-Over the years,inflation and hikes has been a major setback in the Nigerian economy. Prices of goods have been making a rapid climb in Africa’s most populous country since August,2019 when the country shut it’s borders from neighboring countries and continued unabated owing to supply chain distributors induced…
LAGOS JUNE 29TH (NEWSRANGERS)-Nigerians marked the Muslim festival of Eid al-Adha on Wednesday with prayers, celebrations and family dinners as many navigated high inflation, a steep currency devaluation and growing transport costs. Africa’s most populous nation is almost equally divided between the predominantly Muslim north and a Christian south, though many southerners are Muslim, including…
LAGOS JUNE 28TH (NEWSRANGERS)-New Nigerian President Bola Tinubu has moved at lightning speed in his first month in office, implementing a raft of radical changes aimed at finally unleashing the full potential of Africa’s sluggish economic giant. But while his rapid headway on reforms has wowed investors, some analysts, observers and business leaders warn that…
LAGOS JUNE 26TH (NEWSRANGERS)-Food giant Nestle’s businesses in Nigeria and other African countries are ramping up sourcing of local raw materials like starch and turmeric, a move that may help reduce foreign exchange exposure that has been a headache for the sector. In the wake of the COVID-19 pandemic and the supply chain problems it…
LAGOS JUNE 26TH (NEWSRANGERS)-A lecturer at the Federal University of Agriculture, Abeokuta, Prof. Samuel Oluwalana, has said Nigeria is losing a huge amount of money for its failure to export human faeces, cockroaches, as well as, scorpions to foreign countries. The lecturer noted that the American government gets $3.5 billion every year because it is…
LAGOS JUNE 23RD (NEWSRANGERS)-A glut of unsold Nigerian oil has built up again with as much as half of output due to be loaded next month still searching for buyers. Traders of the nation’s oil said the surplus has been caused in part by a request for back taxes from shipping companies, which caused a…
LAGOS JUNE 23RD (NEWSRANGERS)-The NFF led by President Ibrahim Gusau face by far their sternest test yet as it concerns the future of Super Eagles coach Jose Peseiro. Peseiro’s contract runs out at the end of this month and even though he has qualified Nigeria to the 2023 AFCON to be hosted by Cote d’Ivoire…