$7.5bn Loan Issued By US Banks To Nigeria In 2015 Surge  As Tinubu Removes Subsidy

LAGOS AUGUST 12TH (NEWSRANGERS)-Nigeria’s central bank has reported a $7.5 billion loan from U.S. banks JP Morgan and Goldman Sachs in financial statements published for the first time since 2015, sending the country’s international bonds tumbling on Friday. Nigeria’s government has had to seek overdrafts from the central bank to plug a widening deficit amid…

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Inauguration: Tinubu Removes Fuel Subsidy, Pledges To Be President For All

LAGOS MAY 29TH (NEWSRANGERS)-President Bola Ahmed Tinubu has appealed to Nigerians to burry political differences and join him in a new journey of healing, nation-building and economic prosperity.  In his inaugural address after taking the oaths of office and allegiance administered by the Chief Justice of Nigeria Justice Kayode Ariwoola, at the Eagles Square, Abuja,…

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Court Removes MC Oluomo As Lagos RTEAN Chair…Kudus Takes Over

LAGOS MAY 28TH (NEWSRANGERS)-The Lagos branch of the Road Transport Employers Association of Nigeria has named Aransiola Kudus as the acting Chairman following a court ruling. Earlier, the Lagos state government had suspended RTEAN activities in the state, dissolved its elected leadership, and established a 25-member park management committee led by Alhaji Musiliu Akinsanya, also…

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