Category archives for: Business

Lagos, Onne, Delta, Calabar Ports Collapsing, NPA Cries Out

LAGOS SEPTEMBER 20TH (NEWSRANGERS)-The Acting Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko has raised the alarm that the Tin-Can Island Port, Onne port, Delta, and Calabar ports are currently collapsing and require huge funds to repair them. In a statement issued on Sunday by the NPA General Manager, Corporate and Strategic Communications, […]

Crisis Loom Between CBN, Over Alleged Manipulation Of FOREX

LAGOS SEPTEMBER 18TH (NEWSRANGERS)-The Federal Government has said it will shut down the operations of Aboki FX, a website providing currency exchange information, which the bank described as an illegal and criminal platform. The Governor of the Central Bank of Nigeria, Godwin Emefiele, who disclosed this while fielding questions after the Monetary policy committee’s two-day […]

Customs Accuses Nigerian Elites, MDAs Of Patronizing Smuggled Vehicles

LAGOS SEPTEMBER 15TH (NEWSRANGERS)-Authorities of Nigeria Customs Service (NCS) on Tuesday accused Elites and heads of Ministries, Departments and Agencies (MDAs) of patronizing smuggled vehicles. Assistant Comptroller General (ACG) in charge of modernization of Nigerian Customs Service (NCS), Mr Saidu Galadima disclosed this during an interactive session with the House of Representatives Committee on Customs […]

Maritime Guru, Dr Musa Calls For Privatization Of Customs, Says Nigeria Not Ready For AFCFTA

LAGOS SEPTEMBER 14TH (NEWSRANGERS)-A Maritime guru, practitioner and former Murtala Mohammed chapter chairman of the National Association of Nigerian Licensed Freight Forwarders (NAGAFF), has called for the privatization of the Nigeria customs service as that is seen as the only solution to bring down the cost of commodities as low as 50 percent. In a […]

Nigeria Loses N247.61bn In 100 Days Of Twitter Ban

LAGOS SEPTEMBER 13TH (NEWSRANGERS)-The Twitter ban in Nigeria has extended to 100 days, and in that time frame the nation has lost N247.61bn. The Federal Government had on June 4 suspended Twitter after the social media platform deleted a tweet by the President, Major-General Muhammadu Buhari (retd.). Consequently, telcos on June 5 blocked access to […]

How You Can Organize Your Small Business Finances

LAGOS SEPTEMBER 11TH (NEWSRANGERS)-As a small business owner, you should always organize your business finances. This is because organized finances are essential nowadays if you want to increase your chances of getting approved. However, if you’re running an online casino gamblingbusiness, you need to organize it to attract more players. Below we are going to […]

N456m Debt: Niger Govt Shuts Down GT Bank, Polaris, Unity, AEDC, Other Banks

LAGOS SEPTEMBER 7TH (NEWSRANGERS)-The Niger State Internal Revenue Service (NGSIRS) on Monday shut down eight commercial banks and the state head office of the Abuja Electricity Distribution Company (AEDC) over alleged N456 million tax debts. Mr Mohammed Etsu, the Executive Chairman of the internal revenue Service, told journalists following the exercise that it was carried […]

e.Naira: Group Gives CBN Ultimatum To Provide Information On Engagement Of Bitt Company

LAGOS SEPTEMBER 7TH (NEWSRANGERS)- The Central Bank of Nigeria, (CBN) has been given seven days to provide relevant information about the bidding process in its engagement of Bitt Incorporation by the apex bank.  The bank in August had announced its technical partner for its Digital Currency Project after what it described as a competitive bidding […]

Why We Adopt Bitcoin As Legal Tender-El Salvador’s President

LAGOS SEPTEMBER 7TH (NEWSRANGERS)-El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, although it suffered teething problems when the government had to unplug a digital wallet to cope with demand. President Nayib Bukele, who pushed for adoption of the cryptocurrency, says it will help Salvadorans save $400 million a […]

Senator Calls For Resignation Of Customs Boss, Hameed Ali

LAGOS SEPTEMBER 6TH (NEWSRANGERS)-The Vice-Chairman, Senate Committee on Customs and Excise, Senator Francis Fadahunsi has called for the resignation of Col. Hameed Ali (rtd.), the Comptroller General (CG) of the Nigeria Customs Service. Part of the reason for the call for the resignation of the customs boss as advanced by the Senator is that the […]

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