LAGOS MAY 26TH (NEWSRANGERS)-The CBN says online media reports purporting the sacking of the bank’s governor, Mr Godwin Emefiele, is untrue. Head of Corporate Communications at the CBN, Osita Nwanisiobi, made the rebuttal on Wednesday in Abuja . Emefiele is currently out of the country on official assignment. African Examiner reports that Emefiele has been…
LAGOS MAY 26TH (NEWSRANGERS)-Customs officers in Burkina Faso seized a record haul of around 115 kilograms of cocaine worth more than $11.5 million last week, the directorate general of customs said in a statement on Wednesday. The drugs were intercepted on Thursday along the main road linking the southwestern city of Bobo to the capital…
LAGOS MAY 26TH (NEWSRANGERS)-Nigerian banks require up to one month to provide customers with dollars for their offshore expenses, a move that will limit access to the currency at a time when the central bank is squeezing supplies to banks, industry sources said on Wednesday. Nigeria is facing chronic dollar shortages while rising demand has…
LAGOS MAY 18TH (NEWSRANGERS)-The average U.S. gas price continues to reach record highs, with every state averaging at least $4 a gallon, and experts say it will continue to climb. The average for a gallon of gas is $4.52, according to AAA, a 15 cent jump from last week and 35 cent increase from when…
LAGOS MAY 12TH (NEWSRANGERS)-A new study has rated Nigeria as the 8th country with the most affordable petrol price in the world, costing $1.82 per gallon of petrol. Recent findings released by Digiloft, a United Kingdom based organization signed by its Digital PR Executive, Elisabetta Minin made available to NewsRangers disclosed that gas prices have…
LAGOS MAY 6TH (NEWSRANGERS)-The Airline Operators of Nigeria has announced the shutdown of its operations from Monday due to the steady increase in the cost of aviation fuel. The PUNCH had earlier reported that the airline operators had threatened to shut down their operations in March arguing that they had only three days of fuel…
LAGOS APRIL 29TH (NEWSRANGERS)-Central African Republic has adopted bitcoin as an official currency, the presidency said on Wednesday, becoming the first country in Africa and only the second in the world to do so. Despite rich reserves of gold and diamonds, Central African Republic is one of the world’s poorest and least-developed countries and has…
LAGOS APRIL 27TH (NEWSRANGERS)-The Federal Ministry of Finance, Budget and National Planning has approved implementation of the ECOWAS Common External Tariff (CET) 2022-2026 which provides for a slash in import duty of pickup vehicles to 10 per cent without payment of the controversial National Automotive Council (NAC) levy. The circular obtained by Daily Sun…
