LAGOS AUGUST 6TH (NEWSRANGERS)-Former President Olusegun Obasanjo has condemned the manner in which President Bola Tinubu’s administration removed the fuel subsidy, warning of the increased hardship it will cause for ordinary Nigerians. He gave the warning in an interview with the Financial Times. Obasanjo said that the government should have prioritized mitigating the hardship caused…
LAGOS FEBRUARY 12TH (NEWSRANGERS)-The International Monetary Fund (IMF) has urged the Federal Government to completely phase out electricity subsidy in the country as a result of the hardship Nigerians are facing since the removal of fuel subsidy in May 2023. The Bretton Woods Institution made this recommendation as the mechanism for Nigeria to restore macroeconomic…
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…
LAGOS JUNE 1ST (NEWSRANGERS)-The Chief Whip of Adamawa State House of Assembly, Haruna jilantikiri has dropped his personal car for bicycle in protest against hike in fuel price. Jilantikiri, who represents Madagali Constituency at the Assembly, opted for use of his bicycle to run his daily activities. The price of petrol was hiked considerably by…
LAGOS JANUARY 25TH (NEWSRANGERS)-The Federal Government, through the Minister of Finance, Budget and National Planning, Zainab Ahmed, has suspended the planned petrol subsidy removal. Speaking during a meeting held at the National Assembly in Abuja on Monday, the Minister said the suspension is till further notice. The PUNCH had earlier reported that the Minister of…
LAGOS OCTOBER 15TH (NEWSRANGERS)-Vice Presidential Candidate of the Peoples Democratic Party (PDP), Mr. Peter Obi, has called for the improvement in infrastructure in the country to reduce the suffering of Nigerians even when it is totally avoidable. Obi was speaking to journalists in Lagos on Monday. The former Anambra State Governor, who spoke extensively on…
LAGOS DECEMBER 2ND (NEWSRANGERS)-Nationwide fuel scarcity is eminent as oil marketers issued a seven-day ultimatum, demanding that the Federal Government settle the outstanding debts totalling N800 billion, failing which depots would cease operation across the country. If depots ceased to operate, the consequences will lead to scarcity of petroleum products. The marketers, comprising Major Oil…