By Ken Nwogbo LAGOS JUNE 21ST (NEWSRANGERS)-Phillips Oduoza, founder and chairman, NOVA Merchant Bank Limited is inspired by Nigeria’s future, which he believes holds potential waiting to be harnessed. NOVA Merchant Bank offers an integrated suite of financial solutions covering Wholesale Banking, Investment Banking, Asset Management, Wealth Management, Trade Services, Transaction Banking, Cash Management and…
LAGOS JUNE 20TH (NEWSRANGERS)-As double-digit inflation persists in the country, Nigerians, especially the middle class, have called for immediate remedies, lamenting that indeed, the situation has rendered them poorer as indicated by the latest World Bank Nigeria Development Update report. The report, which was made public last Tuesday, had revealed that rising inflation pushed an…
LAGOS JUNE 20TH (NEWSRANGERS)-Daily, numerous quacks throw open their shops from where they defraud unsuspecting members of the public, who wonder their way in search of solutions to their problematic mobile phones. Posturing as certified personnel, most of these so-called phone repairers are barely skilled as far as phone repairs is concerned, having never been…
LAGOS JUNE 20TH (NEWSRANGERS)-Nigeria lost N851.84 billion ($2.78 billion) to oil theft and pipeline sabotage in 2019. This was disclosed by the Nigerian Extractive Industry Transparency Initiative (NEITI) latest oil and gas industry audit report. The agency stated that it arrived at the estimate after using an average price of $65.61 per barrel and an average…
LAGOS JUNE 17TH (NEWSRANGERS)-Subscribers of MTN, the largest telecom provider in Nigeria, may soon face service disruption in the West African nation, according to a notice seen by some journalists and outlets. A rise in insecurity challenges in Nigeria is likely to disrupt MTN’s service, Reuters and others said, citing an alert from customer service…
LAGOS JUNE 15TH (NEWSRANGERS)-The usual high patronage of Point of Sale (PoS) services in the country is in reverse trend as bank customers now resort to Automated Teller Machines (ATM) and other channels like online banking, Unstructured Supplementary Service Data (USSD), among others. In the heat of COVID-19, last year, banks and other financial companies…
LAGOS JUNE 15TH (NEWSRANGERS)-The value of the naira to the dollar fell from 196.99 in December 2015 to 410 in April 2021, reflecting a 51.95 per cent decline despite the various foreign exchange policies introduced by the Central Bank of Nigeria to strengthen the currency. According to a monthly document obtained from the CBN’s website,…
LAGOS JUNE 15TH (NEWSRANGERS)-Rotimi Amaechi, minister of transportation, says he is not aware of the suspension of Hadiza Bala Usman as the managing director of Nigerian Ports Authority (NPA). On May 5, President Muhammadu Buhari approved Usman’s suspension following a recommendation by Amaechi. After Usman’s suspension, Amaechi inaugurated an 11-member investigative panel to probe NPA over all contracts awarded…