Category archives for: Business

Air Peace Boss Raises Alarm Over Int’l Stigmatisation Of Nigeria Businesses

LAGOS JANUARY 27TH (NEWSRANGERS)-Embattled Air Peace boss Allen Onyema is in the news again, this time around Onyema the chief executive officer of Air Peace has come out condemned international stigmatisation of Nigerians, arguing that it was impeding Nigerians’ success in business. Speaking, Onyema said Nigerian airlines cannot get dry aircraft lease because of international […]

NPA Moves Towards Resolving Lagos Port Congesting

LAGOS JANUARY 24TH (NEWSRANGERS)-The Nigerian Ports Authority (NPA) has met with shipping companies and terminal operators over the recent increase in the waiting time of vessels calling at the Lagos Port Complex, Apapa. NPA General Manager, Corporate and Strategic Communications, Jatto Adams, said in a statement on Thursday that several resolutions were made at the […]

Nigeria Secures Commercial Deal Worth N153.4bn With United Kingdom

LAGOS JANUARY 23RD (NEWSRANGERS)-The Federal Government has been able to secure commercial deals worth over ₦153.4billion from the inaugural UK-Africa Investment Summit which was held in London. President Muhammadu Buhari, who led a delegation from Nigeria, held meetings with Prime Minister Boris Johnson and His Royal Highness the Prince of Wales. In a statement on […]

Nigeria To Lift Ban On Mining In Zamfara State In March-Minister

LAGOS JANUARY 22ND (NEWSRANGERS)-Nigeria will lift a ban on mining in Zamfara state by the end of March after the government deployed a surveillance team to stifle illegal activity in the northwestern region, the minister of mines and steel development said. The government suspended operations in April on concerns that illegal mining was connected to […]

Nigeria Customs Abandons Armoured Vehicles As Smugglers Kill Officers

LAGOS JANUARY 22ND (NEWSRANGERS)-Following the failure of the Nigeria Customs Service (NCS) to put its Armoured Personnel Carriers (APCs) into use in the fight against smuggling, its officers were being killed by dare devil smugglers in Lagos and Ogun States. Recall that Abdulahi Dikko, immediate past Comptroller General of Customs, had in 2014 procured the […]

Nigeria Inflation Rate Pushes Higher From 11.85 % To 11.98%

LAGOS JANUARY 17TH (NEWSRANGERS)-Nigeria’s inflation increased by 11.98 percent in December 2019, higher than the 11.85 percent recorded in November. This is due to the rise in the composite food index which rose by 14.67 percent in December. The consumer price index, (CPI) which measures inflation witnessed a 0.05 percentage change for the twelve months […]

30th Anniversary: Home Science School To Ring Bell At Stock Exchange

LAGOS JANUARY 13TH (NEWSRANGERS)-As part of programmes marking its 30th anniversary, Home Science Association Secondary School, Ajegunle-Alakuko, Lagos will be ringing the bell at the Nigerian Stock Exchange in Lagos. According to Investopedia, the ringing of the opening bell refers to the moment a securities exchange opens for its normal daily trading session. For HSASS, […]

Ports Congestion:NPA Promises To Divert Cargoes To Eastern Ports

LAGOS JANUARY 12TH (NEWSRANGERS)-The Nigerian Ports Authority (NPA) has said that it hoped to see more cargoes moving down to the Eastern port this year. The General Manager Corporate and Strategic Communications of NPA, Mr Adams Jatto, disclosed this in an interview with News Agency of Nigeria (NAN) in Lagos on Saturday. According to him, […]

Access Bank MD, Wigwe In EFCC Net

LAGOS JANUARY 11TH (NEWSRANGERS)-The Managing Director of Access Bank Plc, Herbert Wigwe, was on Friday arrested by operatives of the Economic and Financial Crimes Commission. Wigwe was picked up at the Bank’s head office in Victoria Island, Lagos State. Sources said he spent the night at the Lagos State office of the EFCC. Although details […]

Nigeria Govt Exempts Firms Below N25m Turnover From Paying Tax

LAGOS JANUARY 7TH (NEWSRANGERS)-The Federal Government (FG) has announced that small businesses with turnover less than N25m will be exempted from paying Companies Income Tax (CIT). Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed while disclosing this Monday explained that the policy would be effective once the Finance Bill 2019, is signed into law. […]

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