Category archives for: Business

African Countries Dump Togo, Benin Ports For Newly Inaugurated Lekki Deep Seaport

LEKKI DEEP SEAPORT

LAGOS FEBRUARY 4TH (NEWSRANGERS)-Following the recent completion and commissioning  of the $1.5 billion Lekki deep seaport, some landlocked countries have indicated interest in moving their cargoes from Lekki in Lagos to other African countries, given the opportunity of smooth operations and efficiency of the port. This comes as the newly inaugurated Dala Dry Inland Port […]

Naira Now A Black Market Commodity Like FOREX –Ex-CBN Deputy Gov Laments

KINGSLEY MOGHALU

LAGOS FEBRUARY 4TH (NEWSRANGERS)-Former presidential candidate of the African Democratic Party, ADC and CBN Deputy Governor,  Kingsley Moghalu has said the country’s currency, Naira, has become a commodity in the black market. Moghalu also said the current scarcity of the Naira was a way of the currency responding to its smuggling, arbitrage and other forms […]

Ali Reveals Why Customs Failed To  Meet 2022 Revenue Target

CUSTOM BOSS ALI 2

LAGOS FEBRUARY 3RD (NEWSRANGERS)-The Comptroller-General of the Nigeria Customs Service (NCS), Col. Hameed Ali (rtd) has disclosed that the service did not meet its 2022 revenue collection target. He made the disclosure on Thursday in Abuja while fielding questions from newsmen at a briefing to mark the end of a three-day global conference organised by […]

FG Declares Funtua Inland Dry Port As Final Destination Import, Export Of Cargoes Globally

SAMBO

LAGOS FEBRUARY 3RD (NEWSRANGERS)-The Federal Government has declared Funtua Inland Dry Port in Katsina State as a port of origin and final destination for import and export of cargoes. This implies that the Inland Dry Port is empowered to operate shipping businesses including clearing and forwarding of cargoes directly from anywhere in the world. The […]

Data Breach Allegations: NDPB Probes GTBank, Zenith Bank

gtbank and zenith

LAGOS JANUARY 31ST (NEWSRANGERS)-The Nigeria Data Protection Bureau (NDPB) has commenced investigation into allegations of data breach by Guaranty Trust Bank and Zenith Bank. Babatunde Bamigboye, Head, Legal Enforcement and Regulations of NDPB, said this in a statement issued in Abuja. Mr Bamigboye said the investigations were triggered by allegations of unlawful disclosure of banking […]

UBA Security Officials Flee As Angry Customers Go On Rampage Over Non-Availability Of Cash

UBA 2

LAGOS JANUARY 31ST (NEWSRANGERS)-There was pandemonium at the U-Turn Bus stop, Abule Ẹgba branch  of UBA today , Monday 30,2023 as a result of  non availability of cash for customers. It was observed that despite the CBN extension on swap of old notes to the new redesigned notes, the Oliver Alawuba led UBA couldn’t pay customers with […]

Agents Condemn Newly Appointed Apapa Customs Port CAC Of Dumping Scanners For 100% Cargo Examination

APAPA CUSTOMS CAC AUWAL MOHAMMED

LAGOS JANUARY 30TH (NEWSRANGERS)-Clearing agents operating at the Lagos Port complex, Apapa has condemned the action the newly appointed Customs Area Controller, Acomptroller Mohammed Auwal of dumping use of scanners and ordering officers of the command to subject all cargoes coming through the seaport to 100 percent examination. Maritime stakeholders said the 100 percent examination […]

CBN Bows To Pressure, Extends Deadline For Old Naira Notes

NAIRA NOTES

  LAGOS JANUARY 29TH (NEWSRANGERS)-The Central Bank of Nigeria has extended deadline for the swapping of old naira notes till February 10, 2023. The CBN stated this in a release on Sunday. The apex bank said it added a 10-day extension of the deadline from January 31, 2023, to February 10, 2023, to allow for […]

UK To Remove Tariffs On Over 3,000 Exports From Nigeria

NIGERIA EXPORT GOODS

LAGOS JANUARY 28TH (NEWSRANGERS)-The UK government will eliminate tariffs on more than 3,000 products it imports from Nigeria in a bid to boost trade with Africa’s largest economy. Nigerian exporters of cocoa, cotton, plantain, flowers, fertilizers, tomatoes, frozen shrimp and sesame seed are among those that will benefit from the new tariff regime outlined in […]

Banks  Silent Over Allegation Of Politicians Paying N2m In Exchange For N20m Old Notes

NEW NAIRA NOTES

LAGOS JANUARY 27TH (NEWSRNAGERS)-There has been an unsubstantiated allegation by a section of the public that the reason behind the clear scarcity of new Naira notes was that politicians who had stockpiled old notes for the 2023 election, are draining new notes from commercial banks using a bait. The bait, according investigations is that politicians […]

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