Category archives for: Business

Okonjo-Iweala Set To Be Name WTO DG As Rival Contestant Allegedly Drops Out Of Race

LAGOS NOVEMBER 24TH (NEWSRANGERS)-Nigeria’s former minister of finance and the frontrunner in the WTO DG race, Ngozi Okonjo-Iweala, is set to be named the new Director-General of the World Trade Organisation (WTO) after South Korea reportedly decided to withdraw its Trade Minister, Yoo Myung-hee from the race. According to the Washington Trade Daily, Seoul is […]

Nigeria Refineries Gulped N81.41bn In Eight Months, Refined Zero Crude, NNPC Data Revealed

LAGOS NOVEMBER 23RD (NEWSRANGERS)-A total of N81.41bn was expended on Nigeria’s refineries between January and August this year but the facilities refined no drop of crude oil all through this period, latest data obtained from the Nigerian National Petroleum Corporation showed. Kaduna Refining and Petrochemical Company, Port Harcourt Refining Company and Warri Refining and Petrochemical […]

Nigeria Govt To Slash Duty On Imported Vehicles

LAGOS NOVEMBER 23RD (NEWSRANGERS)-The federal government of Nigeria has concluded plans to slash the levy to be paid on imported cars from 35 percent to five percent, according to a new bill to be presented to the national assembly. The bill which will come as a welcome development to Nigerians who have been financially impacted […]

Naira Slumps To 470 Against Dollar Despite CBN Interventions

LAGOS NOVEMBER 15TH (NEWSRANGERS)-The naira weakened to 470 against the United States dollar in the parallel market on Friday despite the interventions of the Central Bank of Nigeria in the official window. The nation’s currency had traded at N465, N466 and N468 against the greenback on Tuesday, Wednesday and Thursday respectively. But it fell on […]

WTO Postpones Meeting Aimed At Breaking Leadership Impasse Till Further Notice

LAGOS NOVEMBER 7TH (NEWSRANGERS)-The World Trade Organization has cancelled a meeting on Nov. 9 to decide on the appointment of Nigeria’s Ngozi Okonjo-Iweala as the body’s next director general after the United States rejected her as a candidate. Trade sources said they thought a factor in the delay was that there had been no indication […]

Nigeria Is Developing Strategies for National Blockchain Adoption

LAGOS Nigeria’s federal government is reportedly developing an ambitious plan to facilitate OCnational crypto adoption with the vision of creating a “Digital Nigeria.” OC TOBER 16TH (NEWSRANGERS)– According to an early draft of the strategy framework obtained by local publication Technology Times, the country’s Federal Ministry of Communications and Digital Economy and the National Information Technology Development […]

Okonjo-Iweala, Myung-hee Through To Final Round Of WTO Director-General Race

LAGOS OCTOBER 10TH (NEWSRANGERS)-Two women, Nigeria’s former Minister of Finance, Dr. Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee are through to the final round of selection to become the next Director-General of the World Trade Organization, according to three anonymous sources that briefed Reuters on the development. With this development, the Geneva-based WTO will be […]

Nigerians Celebrate As Onitsha Sea Port Becomes Functional After Decades

LAGOS OCTOBER 7TH (NEWSRANGERS)- Onitsha sea port has become functional after it was commissioned yesterday, October 6. Videos and photos from the scene show containers being offloaded. Videos and photos from the scene show containers being offloaded. According to presidential aide, Tolu Ogunlesi: “The Plan is to move containers from Lagos & Onne Ports to […]

Ndi-Igbo Amaka Faults e-Customs Modernisation Policy

LAGOS SEPTEMBER 23RD (NEWSRANGERS)-Major markets in Lagos under the aegis of Ndi-Igbo Amaka Progressive Association has  has faulted  the introduction of  e-Custom Modernisation Policy. The group  in a statement signed by the Secretary General of the Association, Hon Comrade Chinedu Ukatu made available to NewsRangers    argued that  the  policy was shrouded in secrecy  for […]

Polaris Bank Marks 1st Year Anniversary Of UNEP-FI Banking Principles, Outlines Milestones

LAGOS SEPTEMBER 23RD (NEWSRANGERS)-Polaris Bank has recorded remarkable success in adopting the United Nations Environment Programme Financial Initiatives (UNEP-FI) Principles for Responsible Banking.  The Principles for Responsible Banking, an initiative of UNEP, an Agency of United Nations (UN), provide a framework of six principles for integrating Sustainability into the heart of banking operations.  By signing […]

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