LAGOS MAY 30TH (NEWSRANGERS)-Nigeria’s sovereign dollar-denominated bonds rose on Tuesday after new President Bola Tinubu said at his swearing in on Monday that a costly fuel subsidy would be removed and the central bank should work towards a unified exchange rate. Eurobonds were up as much as 1.77 cents in the dollar, with the 2029…
LAGOS JANUARY 5TH (NEWSRANGERS)-Military coups were a regular occurrence in Africa in the decades after independence and there is concern they are starting to become more frequent. There were two takeovers in Burkina Faso in 2022 as well as failed coup attempts in Guinea Bissau, The Gambia and the island nation of Sao Tome and…
LAGOS MAY 10TH (NEWSRANGERS)-The price of local rice, palm oil, brown beans, and bread amongst other staple food items surged across Lagos Markets. This is according to the recent food market survey carried out by Nairalytics, the research arm of Nairametrics. The recent food price increase is despite the reopening of four more land borders…
LAGOS NOVEMBER 2ND (NEWSRANGERS)-The lingering shortage of foreign exchange in Nigeria has forced the naira to crash against the United States dollar on the air ticket pricing template of the International Air Transport Association, the Switzerland-based trade body representing over 290 global airlines. As a result, airfares on Nigeria routes which are priced in naira…