News Rangers

Harsh Economy: Another Multinational Coy Exits Nigeria After 14-Year Operation

LAGOS MAY 2ND (NEWSRANGERS)-The American multinational and makers of “Huggies”, Kimberly-Clark, has exited the Nigerian market, citing the harsh economy. The company’s decision comes after it has operated locally in Nigeria for 14 years, according to a statement issued on Friday.   According to the statement, the company intended to adjust global strategic priorities and the prevailing…

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How Employee Defrauds First Bank Of ₦40bn

LAGOS MAY 2ND (NEWSRANGERS)-In an astonishing turn of events, First Bank, one of Nigeria’s financial giants with a market capitalisation of ₦829 billion, has been rocked by a colossal fraud scandal. An employee from their head office in Iganmu, Lagos, stands accused of siphoning off an eye-watering ₦40 billion ($29 million) over nearly two years….

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