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 JANUARY 14TH (NEWSRANGERS)-Saudi Arabian club Al Hilal are ready to rival Cristiano Ronaldo’s Al Nassr by offering Lionel Messi a mouthwatering deal of up to $350 million a year, according to reports. Messi, a Paris Saint Germain player, has his contract expiring in the summer making him a free agent in less than six…
LAGOS AUGUST 17TH (NEWSRANGERS)-Nigerian electricity workers on Wednesday began an indefinite strike over pay, throwing parts of Africa’s most populous nation into darkness, a union leader said. The National Union of Electricity Employees called the nationwide industrial action to compel the government to honour a 2019 agreement to pay retired workers of a former state-owned electricity…
LAGOS AUGUST 11TH (NEWSRANGERS)-One-time Governor of Akwa Ibom State and immediate past Minister of Niger Delta Affairs, Senator Godswill Akpabio, has been dragged to court over alleged failure to pay for a crowd rented to boost his aborted presidential bid. Court papers sighted by News Express showed that the case was filed on August 8,…
LAGOS JULY 13TH (NEWSRANGERS)-A Mexican drug cartel accused in the gruesome killings of nine women and children from an offshoot Mormon community must pay $1.5 billion to the families, a federal judge from North Dakota ruled. The family members of the victims filed a lawsuit accusing the Juarez cartel of carrying out the November 2019 attack in Mexico as…
LAGOS MAY 10TH (NEWSRANGERS)-The Federation of International Football (FIFA) has ordered the Nigeria Football Federation (NFF) to pay former Super Eagles Coach, Gernot Rohr, his compensation of $378,000 (about N157million) following the early termination of his contract. Rohr, 68, had his appointment terminated by the NFF in December 2021, following the poor performance of the…
LAGOS APRIL 5TH (NEWSRANGERS)-Two million people will start receiving about N20bn from June this year as basic cash transfers and conditional cash transfers under the National Cash Transfer Programme, the Federal Government has said. It was gathered that the Federal Government would pay the two million people N5,000 each under the basic cash transfer and…
LAGOS JANUARY 19TH (NEWSRANGERS)-Justice Benson Anya of the Abia State High Court has ordered the federal government to pay the leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, the sum of N1 Billion over infringement of his fundamental rights. The court said the damages to be paid to Kanu were for the…