LAGOS AUGUST 27TH (NEWSRANGERS)-President of the African Development Bank (AfDB) Akinwumi Adesina has been re-elected for a second tenure. Presidential aide Lauretta Onochie announced this on Thursday via Twitter, thanking President Muhammadu Buhari for his support. “Our very own Akinwumi Akin Adesina has been reaffirmed as the President of the African Development Bank,” she wrote….
LAGOS AUGUST 27TH (NEWSRANGERS)-The Federal Government has asked MultiChoice to suspend its planned increase in tariff which will take effect from September 1, saying it is hostile to Nigerians who are currently going through harsh economic conditions, Daily Independent reports. The government also said the company did not consult with it before the decision was…
LAGOS AUGUST 26TH (NEWSRANGERS)-A driver attached to the Okota, Lagos branch of the United Bank for Africa (UBA) has reportedly eloped with N25 million meant for some automated teller machines, ATM, around the zone. According to report in BusinessLive, the incident took place penultimate week Tuesday and no fewer than five bank officials have since…
LAGOS AUGUST 24TH (NEWSRANGERS)-The Managing Director/Chief Executive Officer of Polaris Bank Limited, Mr. Tokunbo Abiru, has announced his retirement from the service of Polaris Bank, effective August 31, 2020, having successfully completed his second two-year tenure at the helm of the Bank. In an emotion-laden farewell message to the staff of the Bank, Mr. Abiru…
LAGOS AUGUST 17TH (NEWSRANGERS)-Dealers in used cars have been forced to cut prices by up to 15 percent in response to depressed demand in an economy reeling from the effects of the Covid-19 pandemic. Mazda Demio, Toyota Fielder, Toyota V8 and Subaru Outback are among the popular models whose yard prices have dropped by a…
LAGOS AUGUST 16TH (NEWSRANGERS)-The Nigerian Ports Authority on Saturday announced the successful berthing in Onne Port, Rivers state, of the biggest container ship to ever call at any Nigerian port. The Maerskline Stardelhorn vessel with Length overall of 300 metres, width of 48 metres was received at the Federal Ocean Terminal (FOT), at 1620 hours….
LAGOS AUGUST 13TH (NEWSRANGERS)Chukwuemeka Ezike sends thousands of dollars’ worth of bitcoin a month in order to trade with Chinese exporting companies. In return, he receives spare auto parts, construction equipment, and juices for a family business his father started more than 30 years ago. Ezike works full-time at Singapore-based crypto exchange Huobi as its…
LAGOS AUGUST 4TH (NEWSRANGERS)-Property developer Tayo Amusan is believed to be in the frontlines to buy the majority share of Africa’s largest food retailer Shoprite in its Nigerian subsidiary. Mr Amusan owns Persianas Nigeria Limited, a property development company, with some of his property housing Shoprite stores. The Nigerian is believed to be among three…