LAGOS SEPTEMBER 29TH (NEWSRANGERS)-The dollar hit N735 in the parallel market on Wednesday as political campaign activities began in the country. According to Bureau De Change operators in Lagos and Abuja, dollar price had increased from N718 – N720 to N728-N735 in the last one week. A BDC operator at Amuwo-Odofin in Lagos, Bala Usman,…
LAGOS SEPTEMBER 29TH (NEWSRANGERS)-Nigeria has failed to capitalise on an oil price boom that has helped cushion other exporters from the impact of inflation, with millions more Nigerians now facing poverty. Data from Nigeria’s state oil company NNPC shows that it did not contribute anything to state coffers in the first eight months of 2022,…
LAGOS SEPTEMBER 27TH (NEWSRANGERS)-The Honorable Minister of Transportation Mu’ azu Jaji Sambo says Nigeria is committed to achieving greener shipping in line with the campaign by the International Maritime Organization, IMO, to attain sustainable development in the maritime industry. This is just as Nigeria joins the IMO to commemorate the 2022 World Maritime Day. Sambo…
LAGOS SEPTEMBER 24TH (NEWSRANGERS)-Two years after Samuel Ashola was shot in the leg during a peaceful protest in Nigeria’s economic capital Lagos, the unemployed artist boils with anger as he prepares to vote. “My blood is hot,” said the 30-year-old, before campaigning for the 2023 general elections starts later in September. “I’m from the ghetto,…
LAGOS SEPTEMBER 21ST (NEWSRANGERS)-Seventy three percent of Nigeria’s healthcare workers have stated that a lack of financial support will be one of the biggest threats to their national health system in the event of a new global health emergency in the next five years, a global survey has shown. The study, by YouGov on behalf…
LAGOS SEPTEMBER 21ST (NEWSRANGERS)-The Presidential Candidate of Labour Party, Mr Peter Obi, has revealed that he would ensure lasting peace in the country by unifying the country and rebuilding its social cohesion and mutual trust among the people. Obi made this known at the Goodluck Jonathan Foundation Peace Conference in Abuja, where he was…
LAGOS SEPTEMBER 19TH (NEWSRANGERS)-The corresponding memorandum was signed by National Nigerian Petroleum Company Limited (NNPC), Moroccan Office of Hydrocarbons and Mines (ONHYM), and ECOWAS Energy Commissioner. The proposed pipeline would connect the Nigerian and Moroccan gas networks, enabling Nigeria to supple both Europe and West Africa with its natural gas. The project involves 16 African…
LAGOS SEPTEMBER 16TH (NEWSRANGERS)-Nigeria’s consumer inflation surged to a 17-year high in August 2022, its statistics agency said Thursday, signalling more hardship for citizens and businesses in Africa’s largest economy. The Nigerian National Bureau of Statistics (NBS) reported in its latest consumer price index that inflation rose to 20.5% in August, up from 19.6% in…
