Category archives for: Business

Financial Inclusion: Experts Identify Gaps In Achieving Target Set By CBN 

CBN-Central-Bank-Nigeria

LAGOS JUNE 19TH (NEWSRANGERS)-Experts in the nations financial sector have identified gaps in the set objectives by the Central Bank of Nigeria, CBN, to significantly reduce the number and percentage of adult Nigerians who are excluded from the formal Financial System of the country. Speaking at the inaugural conference of Oriental News Nigeria with theme […]

33 Passengers Escape Death As Lagos Bound Plane Catches Fire Mid-Air

OVERLAND AIR

LAGOS JUNE 17TH (NEWSRANGERS)-A major air accident was averted when an Overland Airways aircraft made an emergency landing at the Murtala Muhammad International Airport, Lagos, from Ilorin International Airport in Kwara State. The incident happened on Wednesday night when one of the engines caught fire mid-air as the plane was approaching the airport. 33 passengers […]

Nigeria Announces Plan To Release Draft For Regulation Of Google, Facebook, TikTok, Others

GSM OPERATORS

LAGOS JUNE 14TH (NEWSRANGERS)-Nigeria has announced plans to regulate internet companies like Facebook, WhatsApp, Instagram (all owned by Meta), Twitter, Google and TikTok in a draft shared by the country’s internet regulator. This information, released by the National Information Technology Development Agency (NITDA) on Monday, can be viewed on its website and Twitter page. Just […]

 EFCC Storms NOVA Merchant Bank, Arrest The Chairman, MD Over Alleged Fraud

NOVA MERCHANT BANK

LAGOS JUNE 11TH (NEWSRANGERS)-Operatives of the Economic and Financial Crimes Commission (EFCC) stormed the head office of NOVA Merchant Bank Limited to arrest the Chairman of the institution, Phillips Oduoza and its Managing Director/Chief Executive Officer, Nath Ude, SaharaReporters has reported. NOVA Bank is an investment-grade merchant bank in Nigeria which offers an integrated suite […]

Russia’s New Version Of McDonald’s Food Chain Unveils Logo

McDonald Russia

  LAGOS JUNE 11TH (NEWSRANGERS)-The Russian fast food chain that was formerly McDonald’s in the country has revealed its new logo as it prepares to reopen its restaurants from Sunday. The new branding features a circle and two lines, which are said to represent a burger and two French fries. The company has not yet […]

WorldStage Economic Summit 2022 To Focus On Nigeria’s Infrastructural Deficit

WES 2022 pix

LAGOS JUNE 10TH (NEWSRANGERS)-As major Nigerian political parties decide their presidential candidates for the 2023 general election, the WorldStage Economic Summit 2022 (WES) is set to hold on Wednesday, June, 22, 2022 in Lagos with strong expectations that the next administration will focus on bridging the multibillion dollar infrastructural gap in the country. According to […]

Our Businesses Are Dying Because Prices Keep Going Up, Nigeria Entrepreneurs Lament

MARKET

LAGOS JUNE 3RD (NEWSRANGERS)-Regardless of age or social class, (almost) every Nigerian appears to be affected by the inflation rate, which rose by 16.82% year-on-year (YoY) in April 2022.  Among the affected groups, small business owners seem to have it worse. Most of them don’t make as much as they used to, as their customers […]

Tin Can, Apapa Ports Collapsing, Cargo Diversion To West African Countries Imminent

PORTS

              LAGOS JUNE 2ND (NEWSRANGERS)-There are indications that the nation may soon start experiencing more cargo diversions to neighbouring West African ports as well as increase in freight rates due to the collapse of both Tin Can and Apapa quay aprons. A quay is part of the port where […]

Ban: Port Users Stranded, Trek, Ride Bicycles As  Okada Operators Desert Apapa

PORT

LAGOS JUNE 2ND (NEWSRANGERS)-Hundreds of port users were yesterday stranded and left with no choice than to trek kilometers from Apapa to Tin Can Island Ports amongst other long distances to meet up with their business engagements as the ban on Okada operators kicked off in six local government areas of the state.  A visit to the […]

Army Reacts To Methodist Prelate Allegation Of Soldiers Involvement In His Abduction

METHODIST PRELATE

LAGOS JUNE 2ND (NEWSRANGERS)-The Nigerian Army has dismissed the social media reports alleging the complicity of its troops in the recent kidnap of the Prelate of the Methodist Church of Nigeria, Samuel Kanu-Uche. The Director, Army Public Relations, Brig.-Gen. Onyema Nwachukwu, said this in a statement on Wednesday in Abuja. Nwachukwu said the insinuation that […]

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