LAGOS OCTOBER 5TH (NEWSRANGERS)-Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc.’s flagship products offline. A selloff sent the social-media giant’s stock plummeting around 5% on Monday,…
LAGOS OCTOBER 1ST (NEWSRANGERS)- Just seven months into her four-year tenure as the Director General at the World Trade Organisation (WTO), there are reports that Dr Ngozi Okonjo-Iweala is growing frustrated with the workings of the organization and has floated the idea of resigning if no headway can be found on critical issues. According to…
LAGOS SEPTEMBER 29TH (NEWSRANGERS)-The Central Bank of Nigeria’s eNaira website has gone live ahead of schedule. And, in the 24 hours following the launch, it received more than a million hits. The CBN stated that eNaira – a central bank-issued digital currency that provides a unique form of money denominated in Naira – would serve…
LAGOS SEPTEMBER 20TH (NEWSRANGERS)-The Acting Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko has raised the alarm that the Tin-Can Island Port, Onne port, Delta, and Calabar ports are currently collapsing and require huge funds to repair them. In a statement issued on Sunday by the NPA General Manager, Corporate and Strategic Communications,…
LAGOS SEPTEMBER 18TH (NEWSRANGERS)-The Federal Government has said it will shut down the operations of Aboki FX, a website providing currency exchange information, which the bank described as an illegal and criminal platform. The Governor of the Central Bank of Nigeria, Godwin Emefiele, who disclosed this while fielding questions after the Monetary policy committee’s two-day…
LAGOS SEPTEMBER 15TH (NEWSRANGERS)-Authorities of Nigeria Customs Service (NCS) on Tuesday accused Elites and heads of Ministries, Departments and Agencies (MDAs) of patronizing smuggled vehicles. Assistant Comptroller General (ACG) in charge of modernization of Nigerian Customs Service (NCS), Mr Saidu Galadima disclosed this during an interactive session with the House of Representatives Committee on Customs…
LAGOS SEPTEMBER 14TH (NEWSRANGERS)-A Maritime guru, practitioner and former Murtala Mohammed chapter chairman of the National Association of Nigerian Licensed Freight Forwarders (NAGAFF), has called for the privatization of the Nigeria customs service as that is seen as the only solution to bring down the cost of commodities as low as 50 percent. In a…
LAGOS SEPTEMBER 13TH (NEWSRANGERS)-The Twitter ban in Nigeria has extended to 100 days, and in that time frame the nation has lost N247.61bn. The Federal Government had on June 4 suspended Twitter after the social media platform deleted a tweet by the President, Major-General Muhammadu Buhari (retd.). Consequently, telcos on June 5 blocked access to…
