Category archives for: Business

Here Comes The Nigeria Business Mogul Who May Take Over Ownership Of Shoprite

LAGOS AUGUST 4TH (NEWSRANGERS)-Property developer Tayo Amusan is believed to be in the frontlines to buy the majority share of Africa’s largest food retailer Shoprite in its Nigerian subsidiary. Mr Amusan owns Persianas Nigeria Limited, a property development company, with some of his property housing Shoprite stores. The Nigerian is believed to be among three […]

Independent Experts Clear African Development Bank Chief, Adesina Of Corruption

LAGOS JULY 28TH (NEWSRANGERS)-An independent panel of experts, headed by former Irish president Mary Robinson, has cleared the beleaguered leader of the African Development Bank (AfDB) of corruption, according to a report obtained by AFP. Akinwumi Adesina, 60, a charismatic speaker known for his elegant suits and bow ties, became the first Nigerian to helm […]

Naira Continue To Slump Against Other Currencies

LAGOS JULY 25TH (NEWSRANGERS)-The Naira on Friday weakened marginally against the dollar at both the parallel market in Lagos and the investor’s window. The Nigerian currency traded at N472.5 to the dollar at the parallel market, down by 0.5 points from N472 exchanged on Thursday. The Pound Sterling and the Euro closed at N582 and […]

Japanese Restaurant Where Monkeys Serve As Waiter, Get Bananas As Salary

LAGOS JULY 4TH (NEWSRANGERS)-In a bid to attract new customers and retain old ones, restaurants always make efforts to do something unique. In such one-of-its-kind effort, a restaurant in Japan has included monkeys to serve. The Kayabukiya Tavern is a traditional-style Japanese restaurant. It looks like an ordinary food point with modest premises until one […]

Ekiti Govt, UNOPS, SHS To Build 50,000 Affordable Homes Over 10 Years

LAGOS JULY 1ST (NEWSRANGERS)-The government of Ekiti State, SHS Holdings, and UNOPS have today (1 July 2020) announced a deal to build at least 50,000 affordable homes over the next decade. A statement made available to NewsRangers disclosed that  all of the new affordable homes built will include renewable energy and disease preventative technology – […]

Saudi Triples VAT To 15% After Twin Shock Of Covid-19

 LAGOS JULY 1ST (NEWSRANGERS) – Saudis braced Wednesday for a tripling in value added tax, another unpopular austerity measure after the twin shocks of coronavirus and an oil price slump triggered the kingdom’s worst economic decline in decades. Retailers in the country reported a sharp uptick in sales this week of everything from gold and […]

Nigerians To Pay More For Airfare As Domestic Flights Resume

LAGOS JUNE 30TH (NEWSRANGERS)-The Nigerian government has approved the resumption of domestic flight as soon as practicable inline with existing international and local guidelines on COVID-19. The Chairman of the Presidential Task Force (PTF) on COVID-19, Boss Mustapha, who made this known at its bi-weekly briefing on Monday, said Nigerians should expect a hike in […]

COVID-19 Lockdown Abuse: Civil Aviation Authority Bans Private Jets From Charter Services

LAGOS JUNE 30TH (NEWSRANGERS)-In a move it says will check the abuse of private jets in the country and regularize their operations, the Nigeria Civil Aviation Authority (NCAA) has banned the use of private jets for charter flight services. The ban came into effect Monday. THEWILL recalls that private jets, which usually operate on a […]

Trade Michro Grand Car Hire Service Open In Abuja, FCT

LAGOS JUNE 30TH (NEWSRANGERS)-For   transportation comfort   of visitors, corporate officials, tourists, politicians and residence of Abuja  a new car hire service have just been opened  in Abuja, the Federal Capital Territory (FCT). Known as Trade Michro Grand (TMG) Car Hire Service, the essence of the business outfit is to provide comfortable and cheap car hire […]

Windfall: Tanzanian Miner Becomes Millionaire After Selling Two Gemstone For $3.4m

LAGOS JUNE 26TH (NEWSRANGERS)-A small-scale miner in Tanzania has become an overnight millionaire after selling two rough Tanzanite stones – the biggest ever find in the country. Saniniu Laizer earned £2.4m ($3.4m) from the country’s mining ministry for the gemstones, which had a combined weight of 15kg (33 lb). “There will be a big party […]

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