Why We Adopt Bitcoin As Legal Tender-El Salvador’s President

LAGOS SEPTEMBER 7TH (NEWSRANGERS)-El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, although it suffered teething problems when the government had to unplug a digital wallet to cope with demand. President Nayib Bukele, who pushed for adoption of the cryptocurrency, says it will help Salvadorans save $400 million https://www.reuters.com/world/americas/migrant-families-wary-el-salvador-becomes-first-adopt-bitcoin-2021-09-06 a…

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Insecurity: FG Orders Telcos To Shut Down Mobile Phone Services In Zamfara

LAGOS SEPTEMBER 4TH (NEWSRANGERS)-The Nigerian government has ordered all telecom operators to shut down their networks in Zamfara State. Umar Garba Danbatta, Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission in a letter to all telecom operators on Friday said the action was one of the strategies taken by security operatives…

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Fintech: SystemSpecs Seeks Balance Between Regulation And Innovation

LAGOS SEPTEMBER 2ND (NEWSRANGERS)-Amidst the fintech boom in Nigeria and increasingly tight regulations on the industry, African technology giant, SystemSpecs, has called for a balance between innovation and regulation to ensure a healthy financial technology ecosystem that will benefit all stakeholders. According to Ezinne Obikile, the Executive Director in charge of the payment business at…

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Reps Gives Customs 2 Weeks Ultimatum To Reduce Cargo Clearing Stages From 18 To 4

LAGOS  SEPTEMBER 1ST (NEWSRANGERS)-The House of Representatives Committee on Customs has given the Nigerian Customs Service (NCS) two weeks to reduce its 18 cargo clearing stages to four. The committee made the resolution on Tuesday, in Abuja, after an interactive session with stakeholders. It insisted that the Comptroller General of Customs should appear in person…

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NPA Vows To Dismantle Multiple Checkpoints Port Corridors As Extortions Continue

LAGOS AUGUST 26TH (NEWSRANGERS)-The Nigerian Ports Authority (NPA) has frowned on the persistent extortion of truck drivers through multiple illegal roadblocks by uniformed security operatives from government security agencies, unions and associations along the port corridors, hindering the ease of doing business. The authority said investigations revealed that the combined team of the police, Navy,…

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