LAGOS APRIL 13TH (NEWSRANGERS)-The House of Representatives Committee on Customs and Excise has vowed to investigate the alleged diversion of imported finished goods to FreeTrade Zones (FTZs) from other ports by unscrupulous Customs Licence Clearing and Forwarding agents in connivance with bad eggs in the Nigeria Customs Service (NCS) and other agencies. Chairman of the…
LAGOS DECEMBER 6TH (NEWSRANGERS)-Naira devaluation raised Nigeria’s external debt by about N30.03tn between 2023 and June 2024 when considered in naira terms, an analysis by The PUNCH showed. Despite a reduction in the country’s debt when measured in US dollars, the exchange rate shift has made Nigeria’s foreign obligations far more costly in local currency….
LAGOS JUNE 3RD (NEWSRANGERS)-The Federal Government borrowed N20.1 trillion from domestic investors in the first year of President Bola Tinubu’s administration, representing a year-on-year YoY increase of 117 per cent from former President Muhammadu Buhari’s last year in office, prompting concerns over the impact on the economy including likely additional pressure on inflation, increased debt…
LAGOS MAY 31ST (NEWSRANGERS)-The Chief Executive Officer of Lagos-based Financial Derivatives, Bismarck Rewane, has said that Ghana is now doing better than Nigeria economically. However, he predicted that though things are tough, there would be light at the end of the tunnel. Rewane, who spoke on a television programme monitored by THISDAY while analysing President…
LAGOS MAY 30TH (NEWSRANGERS)-Prices of essential food items in Nigeria surged significantly in April 2024 compared to the same period last year, according to the latest Selected Food Price Watch report from the National Bureau of Statistics (NBS). The report revealed a concerning rise in the cost of staple foods across the board. Here’s a…
By Dan Onwukwe LAGOS MAY 30TH (NEWSRANGERS)-This much is plain truth: Every government in power is judged by the success or failure of the promises it made prior to, and on assumption of office. During the presidential campaigns last year, Bola Ahmed Tinubu as the All Progressives Congress candidate made scores of promises to Nigerians…
LAGOS MARCH 29TH (NEWSRANGERS)-US President Donald Trump decided Tuesday to end the protected status of thousands of Liberian migrants to the United States and gave them a year to leave the country. It’s the latest of similar moves, after more than 250,000 Salvadorans, Haitians and Nicaraguans lost their protected status under an administration which has…