LAGOS APRIL 28TH (NEWSRANGERS)The Federal Government has suspended plans to remove fuel subsidy by June this year. Minister of Finance, Budget and National Planning, Ahmed Zaniab gave the indication on Thursday, shortly after the National Economic Council, NEC, meeting, chaired by the Vice President, Yemi Osinbajo. She said the NEC, which comprises State Governors deliberated…
LAGOS APRIL 28TH (NEWSRANGERS)-The National Agency for Food and Drugs Administration and Control (NAFDAC) has warned Nigerians about a dangerous cough syrup called ‘Naturcold’ in circulation. According to reports, the syrup which is reportedly manufactured by Fraken Group, is believed to have caused the deaths of six children under the age of five at a…
LAGOS APRIL 27TH (NEWSRANGERS)-No fewer than 57 people drowned on Monday after a boat capsized off the Libyan coast near Khums, the latest tragedy in the Mediterranean where more than 1,100 have perished this year, the U.N.’s International Organization for Migration (IOM) said. Bodies have not been recovered from the shipwreck, but survivors included migrants…
LAGOS APRIL 24TH (NEWSRANERS)-The aircraft that conveyed the former Lagos State governor touched down at the Nnamdi Azikiwe International Airport in Abuja at 04:30pm on Monday. The All Progressives Congress (APC) stalwart, who was officially out of Nigeria since March 22, returned about one month before his inauguration on May 29, 2023. He returned with…
LAGOS APRIL 23RD (NEWSRANGERS)-The World Bank has recommended a single foreign exchange (Forex) market, urging Nigeria to do away with its multiple forex markets. In its latest ‘Macro Poverty Outlook for Nigeria: April 2023’, the World Bank said unification of the forex markets should be one of the reforms to strengthen the recovery of the…
LAGOS APRIL 23RD (NEWSRANGERS)-Exactly 35 days to his inauguration on May 29, the President-elect, Bola Tinubu, will arrive in Nigeria tomorrow after a one-month rest in France. Tinubu left the country for France on Tuesday, March 21 to rest and plan the transition programme ahead of his inauguration on May 29. One of his loyalists…
LAGOS APRIL 19TH (NEWSRANGERS)-Nigeria spent nearly all the revenues it earned last year servicing its debts, the World Bank said in a new report. Debt service as a proportion of government income increased to 96% in 2022 from 83% a year earlier, according to the World Bank. Low revenue and rising interest payments have left…
LAGOS APRIL 18TH (NEWSRANGERS)-The Chinese Embassy in Nigeria has expressed dissatisfaction with media report claiming that Chinese people bribed militants in the country in order to have access to vast mineral reserves, insisting that Chinese government and his people have never been involved in any act of terrorism in any part of the country. The…