Category archives for: Business

Prices Of ‘Tokunboh’ Vehicles Soar Over Freight, Clearing Charges, FOREX

LAGOS OCTOBER 7TH (NEWSRANGERS)-Prices of imported secondhand automobiles, popularly known as Tokunbo vehicles, have gone out of the reach of average income earners. The Guardian learnt that prices of Tokunbo and new cars in the country have tripled due to high clearing fees and processing, high duty, freight rate, security surcharges, insurance on Nigeria-bound cargoes, […]

NCC Bars Nigerians Under 18 Years From Getting GSM SIM

LAGOS OCTOBER 6TH (NEWSRANGERS)-The Nigerian Communications Commission has disqualified anyone below the age of 18 from registering and owning a Subscriber Identity Module in Nigeria. This is according to the draft copy of the modified Registration of Telephone Subscribers Regulations published on the commission’s website. In the modified regulations, NCC limited telecoms subscribers to only […]

Nigeria Customs Approve Appointments of 4 DCG, 12 ACG, Elevate 2,7070 Senior Staff

The Board of the Nigeria Customs Service (NCS) has approved the appointment of four Deputy Comptroller Generals and twelve (12) Assistant Comptroller Generals as well as the promotion of 2,707 senior officers to various ranks with effect from 1st January, 2020.  A statement signed by DC Timi Bomodi, Deputy National Public Relations Officer of NCS […]

Facebook Apologises For App Outage, Gives Reasons

LAGOS OCTOBER 5TH (NEWSRANGERS)-The apps, owned by Facebook, stopped working Monday for millions of users across the U.S., according to outage site Down Detector. Both the mobile and web browser editions of the apps were not working as of 11:42 a.m. ET, the site reported. They were down for more than six hours. “To the […]

Mark Zuckerberg Loses $7bn In Hours As Facebook Goes Offline

LAGOS OCTOBER 5TH (NEWSRANGERS)-Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc.’s flagship products offline. A selloff sent the social-media giant’s stock plummeting around 5% on Monday, […]

Okonjo-Iweala May Likely Quit WTO Job

LAGOS OCTOBER 1ST (NEWSRANGERS)-  Just seven months into her four-year tenure as the Director General at the World Trade Organisation (WTO), there are reports that Dr Ngozi Okonjo-Iweala is growing frustrated with the workings of the organization and has floated the idea of resigning if no headway can be found on critical issues. According to […]

CBN’s eNaira Website Goes Live, Received Over One Million Hits In 24 Hours

LAGOS SEPTEMBER 29TH (NEWSRANGERS)-The Central Bank of Nigeria’s eNaira website has gone live ahead of schedule. And, in the 24 hours following the launch, it received more than a million hits. The CBN stated that eNaira – a central bank-issued digital currency that provides a unique form of money denominated in Naira – would serve […]

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 […]

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