Category archives for: Business

Sallah Tragedy: Stray Bullets Kill Four As Customs, Smugglers Exchange Fire In Oyo

LAGOS MAY 14TH (NEWSRANGERS)-The joy of indigenes of Iseyin in Oke Ogun area of Oyo State who were celebrating the end of Ramadan was short-lived on Thursday as stray bullets allegedly killed four and injured one. According to an impeccable source in Iseyin, the persons were hit by bullets when men of the Nigeria Customs Service […]

NNPC Picks 16 Consortia For New Crude-For-Fuel Swap Contract For One Year -Sources

LAGOS MAY 12TH (NEWSRANGERS)-Nigeria’s state oil firm NNPC has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting in August, sources with direct knowledge of the matter said. The list includes major Swiss trading firms Trafigura, Vitol and Mercuria, oil major Total as well as large Nigerian traders Sahara Energy, Oando […]

Ibadan Rice Seizure: Senator Warns Customs Not To Start A War They Can’t Win

LAGOS MAY 30TH (NEWSRANGERS)-The Senate Committee on Ethics, Privileges and Public Petitions is set for a collision course with the Colonel Hameed Ali (retd)-led Nigeria Customs Services (NCS) over the stance of the revenue-generating agency to rebuff the committee resolution asking it to return bags of rice seized from the Oja Oba market in Oyo […]

Revealed: How NPA MD, Hadiza Bala Allegedly Cedes Intels Terminals To Dangote

LAGOS APRIL 10TH (NEWSRANGERS)-Report has emerged on how suspended Nigeria Ports Authority Manager, Hadiza Bala, was involved in a clandestine ploy to shortchange a company in favour of Africa’s richest, Aliko Dangote. Last year, some coastline terminals formerly operated by Integrated Logistics Services’ (INTELs) in Onne ports complex, Rivers state, were confiscated and subsequently awarded […]

Customs Dares Senate Over Rice Seizure In Ibadan, Urges Members To Focus On Lawmaking

LAGOS MAY 18TH (NEWSRANGERS)The Nigeria Customs Service (NCS) has told the Senate Committee on Ethics and Privileges to focus on lawmaking and not usurp the powers of other arms of government by interpreting the laws of the land. This is coming on the heels of a two-week ultimatum given to the NCS by the Senate […]

Suspended NPA MD, Hadiza Bala Usman Denies Allegation Of Financial Misappropriation

LAGOS MAY 8TH (NEWSRANGERS)-Hadiza Bala Usman, suspended Managing Director of the Nigeria Ports Authority (NPA), has said the allegations of financial misappropriation leveled against her are false. Usman in a letter to the Chief of Staff to the president, Amb. Ibrahim Gambari, dated May 5, a copy of which was made available to our reporter, […]

Two Dead, Five Operatives Injured As Smugglers, Customs Men Clashed In Ogun

LAGOS MAY 8TH (NEWSRANGERS)-Two members of a smuggling syndicate were confirmed dead, while five security operatives sustained varying degrees of gunshot injuries  during a gun duel between smugglers and a joint border patrol team of the Nigerian Customs Service (NCS) on Thursday at the Oja Odan area of Yewa North local government area of Ogun […]

Cryptocurrency Investors Will Lose Their Money-Bank Of England Governor

LAGOS MAY 7TH (NEWSRANGERS)-Cryptocurrencies “have no intrinsic value” and people who invest in them should be prepared to lose all their money; Bank of England (BOE) Governor Andrew Bailey said Thursday. Digital currencies like bitcoin, ether and even dogecoin have been on a tear this year; reminding some investors of the 2017 crypto bubble in which […]

A Glance At The Profile Of Bello Koko, The Newly Appointed Acting DG Of NPA

LAGOS MAY 7TH (NEWSRANGERS)-Mohammed Bello Koko was born 25 March 1969, in Koko-Besse local government area of Kebbi State, Northwest Nigeria. He received his secondary education at the Government College, Sokoto in 1986. In 1992, Koko received a bachelor’s degree in management studies from the University of Sokoto. He later obtained an MBA in business […]

Buhari Approves Panel To Probe Embattled NPA MD Hadiza

LAGOS MAY 7TH (NEWSRANGERS)-President Muhammadu Buhari has approved the recommendation of the Ministry of Transportation under Rt. Hon. Rotimi Amaechi for the setting up of an Administrative Panel of Inquiry to investigate the Management of the Nigerian Ports Authority, NPA. A statement issued by the President’s media aide stated the Managing Director, Hadiza Bala Usman […]

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