Category archives for: Business

Bank Workers Threaten To Shut Down Banking Operation Next Month

LAGOS NOVEMBER 19TH (NEWSRANGERS)-The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) and its counterpart, the National Union of Banks Insurance and Financial Institutions (NUBIFIE) told newmen at the weekend that workers in the sector would embark on an indefinite strike over failure of their employers to review the Collective Bargaining Agreement […]

Nigeria Inflation Rate Rose To 17-Month High As Food Prices Surge-NBS

LAGOS NVEMBER 19TH (NEWSRANGERS)-Nigeria’s Inflation Rate Rose To  17-month high in October as food prices surged. Consumer prices rose 11.6% from a year earlier compared with 11.2% in September, the Abuja-based National Bureau of Statistics said in a report published on its Twitter account Monday. That is the highest rate since May 2018 and exceeded […]

Africa Retailer, Jumia Closes Shop In Cameroon

LAGOS NOVEMBER 18TH (NEWSRANGRS) – Online retailer Jumia Technologies said on Monday it had suspended its e-commerce platform activities in Cameroon because they were “not suitable” for the African state. Dubbed “the Amazon of Africa”, the company founded in 2012 by two French former McKinsey consultants has grown quickly to become the continent’s leading e-commerce […]

Nigeria, Benin, Niger To Form Joint Border Force To Tackle Smuggling

LAGOS NOVEMBER 14TH (NEWSRANGERS) – Nigeria and neighboring countries Benin and Niger have agreed to set up a joint border patrol force to tackle smuggling between the West African countries, they said in a communique on Thursday. Foreign ministers from the three countries met to discuss smuggling following a decision by regional giant Nigeria, which […]

Why Auction Is One Of The Best Sales Approach For Properties

By Ikenna Lansar Aghaji LAGOS NOVEMBER 12TH (NEWSRANGERS)-Like the traditional market where a commodity’s final selling price is based on the decisions of two parties (the seller’s marketing skills and the buyer’s bargaining prowess), transactions via an auction also confers the same authority on the potential buyers and seller of a particular item. In an […]

Border Closure:Exporters Count Loses As ECOWA Countries Shun Nigerian Goods

LAGOS NOVEMBER 12TH (NEWSRANGERS)-Notwithstanding the revenue increase the Nigerian Customs Service, NCS, said it has achieved with the on-going partial border closure, exporters are counting their losses as countries within the Economic Community of West African States, ECOWAS, sub-region have started rejecting Nigerian cargoes, apparently, as a form of retaliation against the land border closure. […]

Toyota’ll Begin Recall Of 679 Lexus Cars Over Defective Pneumatic Rods

LAGOS DECEMBER 1TH (NEWSRANGERS)-Japanese automaker Toyota will begin recalling 679 imported Lexus cars from Nov. 16, due to defective pneumatic rods, according to China’s market regulator. Filed by Toyota Motor (China) Investment Co., the recall will involve Lexus CT200h models manufactured between Jan. 30 and March 12, 2019, the State Administration of Market Regulation said […]

Cooking Gas Price Hike Loom Over Marketers 75% Increase

LAGOS NOVEMBER 9TH (NEWSRANGERS)-Signs of possible scarcity of Liquefied Natural Gas, LPG or Cooking is looming across the country following protests by LPG marketers under the aegis of Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM). The marketers are concerned over what they described as indiscriminate artificial hike in the price of the product by […]

VAT Increment Bill Passes Through Second Reading In Senate

LAGOS NOVEMBER  7TH (NEWSRANGERS)-The Bill to increase Value Added Tax (VAT) from 5% to 7.5% has passed through second reading in the Senate. The VAT Bill was read the first the time on Tuesday, November 5, and now passed through second reading. The process was not without controversy as the senators could not get a […]

Border Closure: Nigeria Rice Millers Spring Back To Business, Record Bumper Sale

LAGOS NOVEMBER 7TH (NEWSRANGERS)-Some rice millers in Gombe State say they have recorded increased sales and patronage since the closure of the border by the Federal Government. The Federal Government shut borders with neighbouring countries of  Benin Republic, Cameroun and Niger Republic since August. President Muhammadu Buhari had on Aug. 28 at the Seventh Tokyo […]

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