LAGOS FEBRUARY 8TH (NEWSRANGERS)-In a quest to stem the rising tide of smuggling activities in many of its border area’s, traditional rulers in border communities of Ogun State have asked the Nigeria Customs Service (NCS) to specifically create a quota for children of the border communities during Customs recruitment exercises in-order to generate employment for…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-The International Monetary Fund (IMF) has insisted on the removal of fuel subsidy by the Nigerian authorities. The position of the organization was contained in the Executive Board’s conclusion of the Article IV consultation with Nigeria report, which was released, yesterday. According to the Fund’s statement on the report, “Directors also urged…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-For the first time in 2022, the Central Bank of Nigeria (CBN) has wielded the big stick and debited Zenith Bank Plc, Providus Bank, First City Monument Bank (FCMB) Limited and 11 other banks N356.1billion for failing to meet its 27.5 per cent Cash Reserve Requirement (CRR) obligation. The fresh debit, which…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-The National Inland Waterways Authority and Water Transport branch of the Maritime Workers Union of Nigeria has been thrown into mourning as the much admired and hardworking General Secretary of this branch of the Union, Comrade Patrick Okodo passed on to join his ancestors. Okodo’s colleague who confirmed his death expressed deep…
LAGOS FEBRUARY 5TH (NEWSRANGERS)-Nigeria’s external reserve has fallen below the $40 billion threshold it had maintained in over three months. This is according to data from the Central Bank of Nigeria (CBN). The reserve had endured a continuous decline in recent months owing to the intervention of the apex bank in the official FX market…
LAGOS FEBRUARY 4TH (NEWSRANGERS)-Leading energy company, Shell Nigeria Gas (SNG), has received accolades from industry regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), for deliberate and active investment in Nigeria’s critical gas infrastructure to supply gas for powering industries in key locations in the country. The Chief Executive of NMDPRA, Farouk Ahmed, said…
LAGOS FEBRUARY 1ST (NEWSRANGERS)-Comptroller General, Nigerian Customs Service, CGC,(Col) Hameed Ali (retd), last week inaugurated 18 gun boats and scanners in Rivers State. The 18 gun boats, our Correspondent reports, would be used by the Eastern Marine Command, EMC, of the service to reduce to the barest minimum if not eradicate the menace of smuggling…
LAGOS JANUARY 31ST (NEWSRANGERS)-The Central Bank of Nigeria has released a guide for bank customers and others on how and where they can lodge complaints against financial institutions regulated by it. The financial institutions include commercial banks, microfinance banks, primary mortgage institutions, and discount houses. The CBN noted that it had earlier issued a circular…