LAGOS AUGUST 13TH (NEWSRNAGERS)-As the new harvest season unfolds, markets across Lagos and Abuja have seen a significant drop in the prices of tomatoes and peppers. At the bustling Ketu and Berger markets in Lagos, traders report that the price of a large basket of tomatoes has plummeted to between N55,000 and N60,000, a sharp…
LAGOS NOVEMBER 11TH (NEWSRANGERS)-Nigeria’s currency, the Naira, slumped further against the US Dollar in the foreign exchange markets on Thursday. Data from the official FMDQ market indicated that the Naira closed on Wednesday at 996.75 Naira per US Dollar, reflecting a decrease of 122.01 Naira from the previous day when it traded at 874.71 Naira…
LAGOS AUGUST 10TH (NEWSRANGERS)-The Nigerian naira extended its slump in black-market trading as the nation’s dollar shortage deepened two months after the central bank moved to a more flexible exchange rate to encourage inflows. The currency of Africa’s biggest crude oil producer weakened to 923 naira per dollar, compared with 917 naira the day before,…
LAGOS MAY 29TH (NEWSRANGERS)-Two male police officers on Monday slumped during the inauguration ceremony of the new governor of Taraba State, Agbu Kefas. The policemen who slumped during a parade were immediately moved out of the stadium for emergency medical checks. At the time of filing this report, the officers being treated in a makeshift…
LAGOS MARCH 10TH (NEWSRANGERS)-Oil prices have plunged after the United Arab Emirates said it supported increasing production. Brent crude, an international benchmark, fell more than 17% at one point after the statement by the UAE, a member of the powerful oil cartel Opec. The fall follows weeks of skyrocketing oil prices due to supply disruptions…
LAGOS SEPTEMBER 3RD (NEWSRANGERS)-The naira yestaerday traded at all time low of N530 to dollar at the parallel market. The naira also dropped among other major currencies as it exchanged at N620/Euro, N720/ British Pounds Sterling. Also, the Central Bank of Nigeria (CBN) yesterday lifted Post No Debit (PND) order it placed on 33 Bureaux…
LAGOS APRIL 15TH (NEWSRANGERS)-Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), on Monday slumped before being revived during an official assignment in Sokoto. He was immediately surrounded by anxious aides and dignitaries who raised him up from the ground after successfully reviving him. Malami, who recently returned from an official visit to…
LAGOS AUGUST 17TH (NEWSRANGERS)-Dealers in used cars have been forced to cut prices by up to 15 percent in response to depressed demand in an economy reeling from the effects of the Covid-19 pandemic. Mazda Demio, Toyota Fielder, Toyota V8 and Subaru Outback are among the popular models whose yard prices have dropped by a…