LAGOS DECEMBER 23RD (NEWSRANGERS)-No fewer than 43 vessels laden with various goods are currently stuck in Lagos waters as congestion stalls operations at Nigeria’s busiest ports, the TinCan Island Port and Apapa Port in Lagos. The nation’s import and export dealing is, also, in shambles, as prevailing congestion at ports caused a spike in shipping…
LAGOS DECEMBER 22ND (NEWSRANGERS)-In its bid to continue driving and leading in Innovation by leveraging technology to deliver affordable and convenient banking services to the unbanked and underbanked segment of the society, Nigeria’s leading retail financial institution, Access bank Plc, has successfully commissioned and empowered over 50,000 Closa agents to provide financial services to customers…
LAGOS DECEMBER 21ST (NEWSRANGERS)-Workers in the nation’s Communications industry under the aegis of Private Telecommunications and Communications Senior Staff Association of Nigeria, PTECSSAN, weekend rejected the two weeks deadline given by the Federal Government to telecommunications operators to block subscribers’ lines that failed to link them up with the National Identification Number, NIN. PTECSSAN in…
LAGOS DECEMBER 19TH (NEWSRANGERS)-During the police brutality protests in Nigeria in October, bitcoin saved the day when the government shut out protesters from using local payment platforms for collecting donations to support it. The young, tech-savvy protesters quickly switched to using bitcoin, and in about a week bitcoin accounted for around 40% of the nearly…
LAGOS DECEMBER 17TH (NEWSRANGERS)-Saudi Arabia reduced its budget plan for 2021 by 7 percent from this year’s in response to the economic fallout of the pandemic, which pushed oil prices to multi-year lows. Reuters reported that Riyadh will spend some $264 billion next year, or 990 billion riyals, as it battles a substantial deficit resulting…
LAGOS DECEMBER 10TH (NEWSRANGERS)-The Nigerian government has ordered mobile telecommunication operators in the country to stop the sale and registration of new SIM cards. The directive applies to all mobile operators including MTN, Globacom, Airtel and Etisalat. The directive was contained in a statement by the communications ministry sent to PREMIUM TIMES. Read the full…
LAGOS DECEMBER 6TH (NEWSRANGERS)-Forex turnover rose sharply by 173.3%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N395/$1 during intra-day trading on Thursday, December 3. Also, the Naira appreciated significantly against the dollar, closing at N470/$1 at the parallel market on Thursday, December 3, 2020, as the…
LAGOS NOVEMBER 30TH (NEWSRANGERS)-Daredevil armed robbers invaded Alaba International Market, shot security guard, looted shops and then carted away expensive items worth millions of Naira. The total value of items lost to the looting at the market was not yet ascertained because it was massive as the bandits were said to have invaded the market…