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…
LAGOS JUNE 15TH (NEWSRANGERS)-If there was ever a time Nigeria could have taken off, it was in 1999. Democracy had been restored, with its economy reopening after decades of mismanagement and plunder under military dictatorships. Tomi Davies, a systems analyst, was one of thousands of Nigerians who came home to help rebuild the country. After…
LAGOS JUNE 14TH (NEWSRANGERS)-Nigeria loses not less than N100b every year in tax related fraud, experts at a conference organised by the country’s leading anti-corruption group said at the weekend. Speaking at the 25th Anti-corruption Situation Room organised by HEDA Resource Centre held at Sheraton Hotel on Saturday in commemoration of the June 12, 1993…
LAGOS JUNE 14TH (NEWSRANGERS)-Report has emerged that no fewer that eighty four ships were attacked and one hundred and thirty seafarers abduct by sea pirates in the Gulf of Guinea in 2020. According to the International Maritime Bureau, there were nearly 50 percent increase in kidnapping for ransom between 2018 and 2019, and around 10…
LAGOS JUNE 14TH (NEWSRANGERS)-CEO of Twitter, Jack Dorsey, has been signaling his support for Nigerian bitcoin adoption through a series of tweets over the weekend. Dorse is one of the big celebrity names in the crypto community. As a result, his tweets on crypto pick up a lot of interest, no matter how cryptic or…
LAGOS JUNE 13TH (NEWSRANGERS)-Stakeholders believes that the arrival of more indigenous airlines in Nigeria will continue to drop the prices of air tickets in the country as customers will have the choice of choosing those with better offers. Green Africa and the United Nigerian Airline are the two newest Airlines launched in 2021. The first…
LAGOS JUNE 11TH (NEWSRANGERS)-A spokesman for the IMF on Thursday warned of the risks of using bitcoin for day-to-day transactions after El Salvador, which is in negotiations for additional funds from the crisis lender, approved the cryptocurrency’s use. An IMF team is scheduled to meet with El Salvador’s President Nayib Bukele later Thursday as the…
LAGOS JUNE 9TH (NEWSRANGERS)-El Salvador’s President Nayib Bukele has made good on his promise to adopt Bitcoin as legal tender. Officials in the Central American country’s congress voted to accept the cryptocurrency by a majority of 62 out of 84 votes, reports CNBC. In a worldwide first, El Salvador will accept Bitcoin as legal tender…
