Category archives for: Business

Banks Found Guilty Of Issuing New Notes To Hawkers To Pay N150m Fine

LAGOS DECEMBER 15TH (NEWSRANGERS)-The Central Bank of Nigeria has announced that it will slam a fine of N150m per branch on Deposit Money Banks found guilty of facilitating the illegal flow of mint naira notes to currency hawkers and unscrupulous agents. The apex bank disclosed this in a circular issued on Friday, December 13, 2024, […]

Rep Member, Lagos Lawmakers, Monarchs Expected At CONMMEP One-Day Workshop

LAGOS DECEMBER 15TH (NEWSRANGERS)-Congress of Nigerian Maritime Media Practitioners- CONMMEP has confirmed that its workshop programme slated for Tuesday the 17th of December, 2024 would hold as planned. Press statement signed by CONMMEP Publicity Secretary McAnthony Udochukwu Onuoha said the one-day workshop programme with theme; “Port Community Engagement: Building Partnerships for Sustainable Development” which will […]

Yuletide: South-East, S’South One Way  Airfare Hits N287,800

LAGOS DECEMBER 12TH (NEWSRANGERS)-A few domestic airlines have increased airfares to the South-South and South-East regions of Nigeria by over 100 per cent, as some one-way tickets from December 18, 2024, sell for about N287,000. Usually during the yuletide rush, airfares are mostly raised due to the high demand for tickets. But this season, passengers […]

Marine And Blue Economy Minister, Custom Boss, Other VIP’s To Attend CONMMEP Workshop

LAGOS DECEMBER 8TH (NEWSRANGERS)-The Minister for Marine and Blue Economy, His Excellency, Adegboyega Oyetola, CON  will be the Chief Guest  of honour at the  workshop to be organize by  Congress of Nigerian Maritime Media Practitioners- CONMMEP, while the Comptroller General of Customs, Adewale, Bashir Adeniyi, MFR, is Special Guest of Honour. Other dignitaries expected at […]

Yuletide: Aero Contractors Reduces Airfares To N80k For All Domestic Routes

LAGOS DECEMBER 4TH (NEWSRANGERS)-Nigeria’s oldest aviation company, Aero Contractors, has slashed its airfares to a minimum of N80,000 for local flights during Yuletide season. The airline’s managing director, Ado Sanusi, who disclosed this to newsmen in Lagos, on Tuesday, described the cut in the price of airfares as ‘pocket friendly’ saying it was aimed to […]

Shell Restates Commitments To Support Indigenous Companies

  LAGOS DECEMBER 4TH (NEWSRANGERS)-Shell companies in Nigeria are among more than 700 oil and gas entities taking part in the 13th edition of the Practical Nigerian Content forum in Yenagoa, where they restated their commitment to the development of Nigerian companies through contract awards and scaling up of expertise. The four-day conference with the […]

Another Multinational Exits Nigeria, Sells Company For $1bn

LAGOS DECEMBER 3RD (NEWSRANGERS)-After roughly 65 years of operations in Nigeria, Swiss cement and other building materials’ maker, Holcim, on Sunday announced that it was set to leave the country. The company said in a brief statement that it will exit its Nigerian business through the sale of its almost 84 per cent stake in […]

Peter Obi Seeks Transparency As Port Harcourt Refinery Commences Production

LAGOS NOVEMBER 27TH (NEWSRANGERS)-The presidential candidate of the Labour Party in the 2023 general election, Peter Obi, has called on the Nigerian National Petroleum Corporation Limited to ensure transparency and accountability in the operations of the newly launched Port Harcourt Refinery. After several postponements, the Port Harcourt refinery finally commenced fuel production on Tuesday. The […]

CREDICORP Kicks Off  “S.C.A.L.E.” Bold Step Towards Supporting Nigeria Enterprise

LAGOS NOVEMBER 20TH (NEWSRANGERS)-The Nigerian Consumer Credit Corporation (CREDICORP) has kicked off its Project S.C.A.L.E. (Securing Consumer Access for Local Enterprises), a transformative initiative to accelerate growth of Nigeria’s local industries by providing consumer credit to Nigerians specifically for purchase of goods and services of local vendors and manufacturers. This is a part of President […]

Nigeria’s Economic  Reforms Not Working — IMF Report Revealed

LAGOS NOVEMBER 17TH (NEWSRANGERS)-The latest International Monetary Fund (IMF) report on the economic outlook for sub-Saharan Africa has indicated that Nigeria’s ongoing economic reforms are struggling to deliver meaningful results, even 18 months after their implementation. The report, presented on Friday at the Lagos Business School (LBS) by IMF Deputy Director Catherine Patillo, highlighted a […]

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