Category archives for: Business

Cascador, Sterling Bank Launch $2m Fund to Redefine SME Lending In Nigeria

LAGOS MAY 7TH (NEWSRANGERS)-Cascador, Nigeria’s premier accelerator for mid-stage entrepreneurs, has announced a landmark partnership with Sterling Bank to launch a bold new debt funding model to unlock growth for Africa’s most promising ventures.  Backed by a $2 million Catalytic Fund, the partnership introduces flexible, founder-friendly financing for Cascador alumni; pairing low-interest debt with business […]

Newspaper Proprietors Of Nigeria Hail Judgment Of $220m Fine On META Platform

LAGOS MAY 5TH (NEWSRNAGERS)-With significant interest, the Newspaper Proprietors’ Association of Nigeria (NPAN) has received the news that the Competition and Consumer Protection Tribunal (CCT) upheld the $220 million fine imposed on Meta Platforms Incorporated, the parent company of Facebook, WhatsApp and Instagram. The penalty was imposed after a 30-month investigation between 2021 and 2023 […]

Nigeria Customs Intercepts N921bn Contraband, Drones, Medical, Others  Within Four Months

By Ifeanyi Nwabuogu LAGOS MAY 2ND (NEWSRNAGERS)-Men of Nigerian Custom Service (NCS)  has intercepted high tech drones, unregistered pharmaceutical and other sophisticated items valued at N912 billions between the month of January and April 2025 in the year under review. This was disclosed to newsmen by Controller General of Nigerian Custom Service, Wale Adeniyi in […]

“Dark Activities”: NIMASA C4i Uncovers 1,723 Vessels Operating Illegally In Nigerian Waters

LAGOS APRIL 30TH (NEWSRANGERS)-The Command, Control, Communications, Computers and Intelligence (C4i) centre of the Nigerian Maritime Administration and Safety Agency (NIMASA) has uncovered a staggering 1,723 vessels involved in unauthorised activities within Nigeria’s Exclusive Economic Zone (EEZ) between January 2024 and January 2025. These vessels were found to have engaged in what are known as […]

NNPC Fires Mele Kyari’s Henchmen, Over 200 Other Employees In Major Restructuring

LAGOS APRIL 30TH (NEWSRNAGERS)-In a significant restructuring of its management, the Nigerian National Petroleum Company (NNPC) Ltd has terminated the services of a number of senior staff members, TheCable understands. Among those departing immediately are Bala Wunti, former chief of National Petroleum Investment Management Services (NAPIMS), and Ibrahim Onoja, managing director of the Kaduna Refinery. […]

C-One To Acquire Bankly Microfinance Bank To Restore Stability And Accelerate Growth

LAGOS APRIL 28TH (NEWSRANGERS)-C-One Ventures Platform (C-One) today announced it has entered into an agreement to invest and acquire the licences, technology and select assets of the Nigerian operations of Bankly -a licensed  microfinance bank and fintech leader known for bridging financial access gaps across Nigeria’s informal economy. The deal which is subject to regulatory […]

Supreme Court Sets Aside N22trn Federal High Court Judgement Against Union Bank

LAGOS APRIL 28TH (NEWSRANGERS)-The Supreme Court has set aside a Federal High Court judgement in which over N22 trillion was awarded against Union Bank and other parties since 2014.  The judgement arose from a suit instituted by a company known as Visana Nigeria Limited which claimed that Union Bank was indebted to it in the […]

Sterling Bank Doubles Down On Free Bank Transfers, Introduces Free Bus Rides For Nigerians

LAGOS APRIL 28TH (NEWSRNAGERS)-After sparking a national movement with its Zero Transfer Fees campaign, Sterling Bank has once again pushed the boundaries of what corporate citizenship can mean to everyday Nigerians. Last week, regular Lagosians stepping out after long workdays were met with an unexpected gift: Sterling OneBank-branded buses waiting to take them home, free […]

Massive Blast In Iranian Port  Kills 14, Injures Over 750

LAGOS APRIL 27TH (NEWSRANGERS)-At least 14 people have been killed and 750 injured in a massive explosion at one of Iran’s key ports, authorities say. The blast took place at Shahid Rajaee, the country’s largest commercial port, near the southern city of Bandar Abbas on Saturday morning. It blew out windows and roofs of nearby […]

Nigeria Customs Service Record Over  N1.75tr In First Quarter Of 2025-CG Adeniyi

By Ifeanyi Nwabuogu LAGOS APRIL 25TH (NEWSRANGERS)-The Nigerian custom service (NCS) under Compcontroller General Wale Adeniyi has continued his success trajectory as they collected over N1.75 trillion revenue within the first quarter of 2025.This was disclosed by the Controller General of the Nigerian custom Service Bashir Wale Adeniyi.  Briefing newsmen on the activities of the […]

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