LAGOS MAY 26TH (NEWSRANGERS)-The Nigerian Exchange Group (NGX) has affirmed that the recent purchase of 18 million units of Fidelity Bank shares by its Managing Director/Chief Executive Officer, Dr. Nneka Onyeali-Ikpe, was conducted in full compliance with applicable regulations. In a letter dated May 22, 2025, the regulator dismissed allegations of insider trading and the…
LAGOS AUGUST 21ST (NEWSRANGERS)-Experts in the Nigerian aviation industry have described the acquisition of a new presidential jet, Airbus 330-200, for President Bola Tinubu as a waste of inadequate resources. Experts said that the 15 years old aircraft was more costly to maintain than the Boeing Business Jet (9BBJ) B737 aircraft, which the presidency planned…
LAGOS JANAURY 3RD (NEWSRANGERS)-A two-year ban on some foreigners buying homes in Canada has come into effect. The ban aims to help ease one of the most unaffordable housing markets in the world. As of this summer, the average home price in Canada is C$777,200 ($568,000; £473,700) – more than 11 times the median household…
LAGOS NOVEMBER 25TH (NEWSRANGERS)-Ghana’s government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday. The move is meant to tackle dwindling foreign currency reserves coupled with demand for dollars by oil importers, which is weakening the local cedi and…
LAGOS FEBRUARY 24TH (NEWSRANGERS)-Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has denied purchasing aircraft to support a campaign for him to contest the presidency in 2023. Online reports had surfaced earlier on Wednesday indicating that the CBN governor had bought “three airplanes” for his presidential campaign, and that he had also been…
LAGOS SEPTEMBER 22ND (NEWSRANGERS)-The United States has seized about $6.1 million belonging to Nigeria after a hired arms supplier pleaded guilty to charges including illegal dealing in military-grade weapons and money laundering, court documents reviewed by Peoples Gazette said. Judge Erica Grosjean of the U.S. District Court for the Eastern District of California ordered the…
LAGOS AUGUST 22ND (NEWSRANGERS)-The Kano State Agro-Pastoral Development Project has budgeted N9.2million to purchase five pure breeds of Friesian bulls to boost animal insemination at Kadawa Insemination Center. The center is situated at Garun-Malam Local government area of the state. KSADP was supported by the Islamic Development Bank (IDB). The project Coordinator, Ibrahim Garba-Muhammad, made…
LAGOS MAY 25TH (NEWSRANGERS)-The House of Representatives Committee on Customs has faulted the plans by the federal government to purchase four new scanners for the Nigeria Customs Service (NCS). The NSC is planning to purchase scanners, while refusing to repair the existing ones. However, the same committee had earlier okayed the purchase of the scanners…