Category archives for: Business

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 […]

Oil Prices Rise Amidst Crumbling US Dollar

LAGOS  SEPTEMBER 2ND (NEWSRANGERS)-Oil prices recovered on Tuesday, erasing overnight losses, as investors moved into risk assets and away from the safe-haven U.S. dollar, which tumbled to multi-year lows. Brent crude futures climbed 49 cents or 1.1% to $45.77 a barrel at 0406 GMT while the U.S. West Texas Intermediate (WTI) crude futures rose 37 […]

Buhari, Other African Leaders Reaffirm Support For Adesina Led AfDB For Second Term

LAGOS AUGUST 2ND (NEWSRANGERS)-African leaders on Tuesday reaffirmed their support for the African Development Bank Group and its leadership under Dr. Akinwumi Adesina as he begins his second five-year term with a renewed mandate to foster sustainable development on the continent.  In goodwill messages to mark Adesina’s inauguration, Presidents Muhammadu Buhari of Nigeria, Paul Kagame […]

Access Bank Customers In Panic Withdrawals As Hacker Gain Access To Its Database

LAGOS SEPTEMBER 1ST (NEWSRANGERS)-Access Bank Plc customers are carrying out panic withdrawals following hacker Ihebuzo Chris’ claim that he hacked into the bank’s database, accessed, and extracted data of over 2,000 customers. According to Chris, he did this without authorization from the bank as he, in a viral video, presented print out of customers’ accounts, […]

President Of AfDB, Akinwumi Adesina Re-Elected For Second Tenure

LAGOS AUGUST 27TH (NEWSRANGERS)-President of the African Development Bank (AfDB) Akinwumi Adesina has been re-elected for a second tenure. Presidential aide Lauretta Onochie announced this on Thursday via Twitter, thanking President Muhammadu Buhari for his support. “Our very own Akinwumi Akin Adesina has been reaffirmed as the President of the African Development Bank,” she wrote. […]

FG Urges Multichoice To Suspend DSTV, Gotv Price Increase

LAGOS AUGUST 27TH (NEWSRANGERS)-The Federal Government has asked Mul­tiChoice to suspend its planned increase in tariff which will take effect from Sep­tember 1, saying it is hostile to Nigerians who are currently going through harsh economic conditions, Daily Independent reports. The government also said the company did not consult with it before the decision was […]

UBA Driver Allegedly Absconds With N25m Depositors’ Funds

LAGOS AUGUST 26TH (NEWSRANGERS)-A driver attached to the Okota, Lagos branch of the United Bank for Africa (UBA) has reportedly eloped with N25 million meant for some automated teller machines, ATM, around the zone. According to report in BusinessLive, the incident took place penultimate week Tuesday and no fewer than five bank officials have since […]

Polaris Bank CEO, Tokunbo Abiru Retires, Thanks Staff, CBN For Support

LAGOS AUGUST 24TH (NEWSRANGERS)-The Managing Director/Chief Executive Officer of Polaris Bank Limited, Mr. Tokunbo Abiru, has announced his retirement from the service of Polaris Bank, effective August 31, 2020, having successfully completed his second two-year tenure at the helm of the Bank. In an emotion-laden farewell message to the staff of the Bank, Mr. Abiru […]

‘Tokunboh’ Car Prices Slump As Covid-19 Cut Demand

LAGOS AUGUST 17TH (NEWSRANGERS)-Dealers in used cars have been forced to cut prices by up to 15 percent in response to depressed demand in an economy reeling from the effects of the Covid-19 pandemic. Mazda Demio, Toyota Fielder, Toyota V8 and Subaru Outback are among the popular models whose yard prices have dropped by a […]

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