Central Bank Of Nigeria Halts Dollar Sales To Bureaus De Change

LAGOS JULY 29TH (NEWSRANGERS)-Nigeria’s central bank is halting dollar sales to exchange bureaus, saying they have become conduits for graft and illicit flows of money. “It is a huge hemorrhage on our scarce foreign exchange reserves and it cannot continue,” the bank’s governor, Godwin Emefiele, said on Tuesday. The decision by the central bank, which…

Read Full News

Twitter Ban: Nigerians Loses Over N100bn 51 Days As Jack Dorsey Revenue Rises

LAGOS JULY 27TH (NEWSRANGERS)-It’s almost two months since the Nigerian Government shutdown Twitter operation in the country, and findings show that Nigerians have lost more than Jack Dorsey, founder of the tech firm. On June 5, the Federal Government announced that Twitter’s services will no longer be allowed within the territory of the country, a…

Read Full News

Kwara Court Jails Fake Custom Officer For 20 Years

LAGOS JULY 23RD (NEWSRANGERS)-Justice Mahmood Abdulgafar of Kwara State High Court sitting in Ilorin on Thursday sentenced one 34-year-old fake Customs officer, Yakubu Azeez Afolayan, to 20 years imprisonment having found him guilty of offences bordering on impersonation and job scam. The convict was allegedly parading himself as Customs officer. In the assumed capacity, the…

Read Full News

Customs Boss Accused Of Blacklisting Freight Forwarders, Encouraging Over Taxation

LAGOS JULY 19TH (NEWSRANGERS)-The Comptroller-General of Nigeria Customs Service (NCS), Col. Hammed Ali (Rtd) has blacklisted all freight forwarding groups and their leaderships, encouraging Customs officers to operate with impunity under the guise of generating more revenues for the government. MMS Plus findings show that none of the Presidents or Founders of the registered freight…

Read Full News