Category archives for: Business

Ecobank Emerged ‘Best Retail Bank In Africa’ At African Banker Awards

LAGOS JUNE 18TH (NEWSRANGERS)– Ecobank ( has been named Best Retail Bank in Africa 2019 at the prestigus African Banker Awards. The judges were especially impressed by how Ecobank’s state-of-the-art products, services, functionality and constant innovations provide 24/7 convenience, accessibility and affordability to meet the evolving needs and expectations of its customers across 33 African […]

Pantami Leads NITDA Delegation To 2019 DigitalSENSE Forum On Internet Governance

LAGOS JUNE 17TH (NEWSRANGERS)-The Director-General (DG) of the National Information Technology Development Agency (NITDA), Dr. Isa Ali Ibrahim Pantami would on Thursday this week in Lagos give a keynote to the 2019 Nigeria DigitalSENSE Forum on Internet Governance for Development (IG4D) and Nigeria IPv6 Roundtable. Disclosing this development, the Executive Director, DigitalSENSE Africa Media, Mrs […]

EFCC To Clamp Down On Those Using POS Machines Illegally

LAGOS JUNE 14TH (NEWSRANGERS)-The Economic and Financial Crimes Commission, EFCC, is set to start a clampdown on the fraudulent use of Point Of Sale, POS Machines in the country. This was disclosed by the Makurdi Zonal Head of the Economic and Financial Crimes Commission, EFCC, Johnson Babalola, in an interactive session with Regional Bank Managers […]

Shell Loses 11,000 Barrels Per Day In 2018 To Crude Theft

LAGOS JUNE 13TH (NEWSRANGERS)-Shell Nigeria has called for stakeholders’ concerted efforts to curb the incessant vandalism of crude oil-bearing pipelines, highlighting the danger of continuous sabotage to people and environment. The General Manager, External Relations of The Shell Petroleum Development Company (SPDC), Mr. Igo Weli, said such efforts to curb pipeline sabotage will save lives, […]

Ogun Customs Generate N1.1bn Revenue In May, Seize 7000 Bags Of Rice(PHOTOS)

LAGOS JUNE 11TH (NEWSRANGERS)-The Ogun State Area Command, Nigeria Customs Service, says it has generated N1.413bn N1.131bn revenue between 1st to 31st May 2019. It added that it also seized 7000 bags of rice, 372 kegs of vegetable oil (25liters each), 3 units of motorcycles, 5 sacks, 1, 835 pairs of new and 264 pairs […]

CoinCola-Person-To Person (P2P)Bitcoin Platform Now In Nigeria

LAGOS MAY 23RD (NEWRANGERS)– Blockchain Technology is rapidly growing in different continents and many more people beginning to see the importance and relevance of cryptocurrency and blockchain technology in their different fields of life. Nations and companies are gradually adopting cryptocurrency in exchange for goods and services instead of fiat. However, the African continent seems […]

Shell Exploration Pays N366bn In Revenue To Nigerian Govt In 2018

LAGOS MAY 21ST (NEWSRANGERS)-Nigeria’s foremost deep-water oil and gas company, Shell Nigeria Exploration and Production Company Limited (SNEPCo), paid N366 billion in 2018 as revenue to the federal government from its exploration activities, while it made another N2.1 billion as statutory payment to the Niger Delta Development Commission, SNEPCo’s Managing Director, Bayo Ojulari, has said. […]

Driverless Electric Truck On Test In Sweden

An electric truck without a driver is being tested for the first time on Sweden‘s roads after the vehicle built by Swedish start-up Einride got permission from the regulator to mix with other traffic within an industrial area. While the first ride for the cab-less vehicle, “T-pod“, on a public road commenced on Wednesday, the […]

FIRS To Impose Value Added Tax On Online Transactions

LAGOS MAY 19TH (NEWSRANGERS)-The Federal Inland Revenue Service (FIRS) says it will soon begin the collection of Value Added Tax (VAT) on online transactions. The Chairman of the agency, Babatunde Fowler, made the disclosure in an interview with the News Agency of Nigeria (NAN) in New York on Saturday, May 18. Fowler said: “Soon, we […]

Nigerian Stock Market: Investors Lose N140.86bn

LAGOS MAY 16TH (NEWSRANGERS)-The Nigerian Stock Exchange (NSE) opens the week tradings’ on a bearish note. At the moment, All Share-Index (ASI) declined by 1.26% to close at 28,484.44 basis points. Year-to-Date the ASI was down by 9.37%. In reference to the equity market, The capitalization closed at N10.701 trillion in contrast to N10.842 trillion […]

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