LAGOS MAY 12TH (NEWSRANGERS)-Saudi Arabia’s finance minister on Monday said the kingdom will triple its Value Added Tax and halt monthly handout payments to citizens in new austerity measures amid record low oil prices and a coronavirus-led economic slump. The measures, which could stir public resentment with the cost of living rising, come as the…
LAGOS APRIL 14TH (NEWSRANGERS)-As Covid-19 continues to spread in the kingdom, prayers will continue to take place at home, not in mosques Muslims will only be permitted to pray at home in Saudi Arabia during the upcoming holy month of Ramadan, the Saudi minister of Islamic affairs announced on Monday. This will remain the case…
LAGOS MARCH 10TH (NEWSRANGERS)-President Muhammadu Buhari Monday responded to the drastic crash of crude oil in the international markets by constituting a presidential committee to review the 2020 budget and the oil benchmark and recommend realistic options that will make the document significantly implementable. The Nigerian blend, Bonny Light closed at $46.33 Monday from about…
LAGOS JANUARY 12TH (NEWSRANGERS)-More than a dozen Saudi servicemen who are training at U.S. military bases will be expelled from the United States in the aftermath of a Pentagon review prompted by the deadly Dec. 6 shooting by a Saudi Air Force officer at an American naval base in Florida, CNN reported on Saturday. The…