Category archives for: Business

Naira Slumps To 505/$ As CBN Stops Forex Sale To Bureau De Change

LAGOS JULY 29TH (NEWSRANGERS)-The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced the discontinuity of forex supplies to the Bureau de Change Operators in the country. The CBN Governor, Godwin Emefiele, announced the end of forex sales and new licence approval after […]

Central Bank Of Nigeria Halts Dollar Sales To Bureaus De Change

LAGOS JULY 29TH (NEWSRANGERS)-Nigeria’s central bank is halting dollar sales to exchange bureaus, saying they have become conduits for graft and illicit flows of money. “It is a huge hemorrhage on our scarce foreign exchange reserves and it cannot continue,” the bank’s governor, Godwin Emefiele, said on Tuesday. The decision by the central bank, which […]

Twitter Ban: Nigerians Loses Over N100bn 51 Days As Jack Dorsey Revenue Rises

LAGOS JULY 27TH (NEWSRANGERS)-It’s almost two months since the Nigerian Government shutdown Twitter operation in the country, and findings show that Nigerians have lost more than Jack Dorsey, founder of the tech firm. On June 5, the Federal Government announced that Twitter’s services will no longer be allowed within the territory of the country, a […]

Kwara Court Jails Fake Custom Officer For 20 Years

LAGOS JULY 23RD (NEWSRANGERS)-Justice Mahmood Abdulgafar of Kwara State High Court sitting in Ilorin on Thursday sentenced one 34-year-old fake Customs officer, Yakubu Azeez Afolayan, to 20 years imprisonment having found him guilty of offences bordering on impersonation and job scam. The convict was allegedly parading himself as Customs officer. In the assumed capacity, the […]

World’s First Flying Motorcycle Aces Successful Test Run

LAGOS JULY 22ND (NEWSRANGERS)-Your dad doesn’t have to be Daedalus for you to know about the dangers of flying too close to the Sun. But the sad tale of Icarus is worth keeping in mind as you read this story. Because as cool as it sounds, taking a flying motorcycle 15,000 feet in the sky […]

Oyo Govt Accuses Customs Officers Of Killing Igangan People And Not Unknown Gunmen

LAGOS JULY 19TH (NEWSRANGERS)-The Oyo State Government has said men of the Nigeria Customs Service raided Igangan and other parts of Ibarapa areas of the state on Friday night, and not unknown gunmen as widely reported. Mr Taiwo Adisa, the Chief Press Secretary to Gov. Seyi Makinde made the clarifications in a statement on Saturday […]

Customs Boss Accused Of Blacklisting Freight Forwarders, Encouraging Over Taxation

LAGOS JULY 19TH (NEWSRANGERS)-The Comptroller-General of Nigeria Customs Service (NCS), Col. Hammed Ali (Rtd) has blacklisted all freight forwarding groups and their leaderships, encouraging Customs officers to operate with impunity under the guise of generating more revenues for the government. MMS Plus findings show that none of the Presidents or Founders of the registered freight […]

Seven Feared Missing After Cargo Vessel Sinks Off Liberian Coast

LAGOS JULY 19TH (NEWSRANGERS)-No fewer than  seven people are missing after a cargo ship that had been barred from sailing sank off the coast of Liberia, the country’s Maritime Commissioner said on Sunday. The Liberian-registered Niko Ivanka left the capital Monrovia on Saturday morning for a port in the country’s south, despite being under a […]

Maritime Stakeholders Appeal For Higher Appointment For Retired Shippers Council Boss, Hassan Bello

LAGOS JULY 13TH (NEWSRANGERS)-Stakeholders in the Maritime industry have appealed to the Federal Government to offer  the immediate past Executive Secretary of Nigerian Shippers’ Council, Barrister Hassan Bello a higher appointment. Recall that Freight forwarding association and other maritime industry stakeholders on Monday, converged  at Rockview Hotel, Apapa, Lagos to honour Mr Hassan Bello, for […]

African Development Bank President, Bemoans Nigeria’s Poverty Situation

LAGOS JULY 11TH (NEWSRANGERS)-The President of the African Development Bank, Dr. Akinwumi Adesina, says that Nigerians deserve wealth, rather than poverty. He stated that, for all the abundant wealth of natural resources, Nigeria’s poverty situation is unacceptable. Noting that “there are way too many poor people in Nigeria,” he warned that there should not be […]

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