LAGOS JUNE 26TH (NEWSRANGERS)-The House of Representatives Ad hoc Committee on Recovered Loots and Assets of Government, yesterday, heard of how $300 million belonging to the Nigerian National Petroleum Corporation (NNPC) was “hidden in a Polaris Bank account and remained unattended to for years.” At the resumed public hearing of the panel in Abuja, the…
LAGOS JUNE 24TH (NEWSRANGERS)-Again, we need to be reminded that those the gods want to totally destroy, the gods first make them irretrievably mad. Imagine those that have been restrained by Justice RilwanAikawa in Suit No. FHC/L/CS/921/2020, since 26th of August 2020, from parading themselves as National officers of ANLCA, or signing any documents on…
LAGOS JUNE 22ND (NEWRANGERS)-Nigeria’s economy could be leaning against the wind as the country’s external reserves fell to a 13-month low last week, tumbling quickly to $30 billion, the level it was between 2015 and 2017. Last Thursday, the figure slid to $33.79 billion, as it dropped by $30 million. This represented a 0.09% decline…
LAGOS JUNE 22ND (NEWSRANGERS)-A Federal High Court in Abuja has ordered Mobil Producing Nigeria Unlimited and the Nigerian National Petroleum Corporation (NNPC) to pay the sum of N81.9 billion as cumulative damages to the oil communities in Ibeno Local Government Area of Akwa Ibom over oil spillage within 14 days. This follows the case filed…
LAGOS JUNE 21ST (NEWSRANGERS)-The Nigeria Customs Service (NCS) has said it may detain unverified private aircraft after the 30 days importation verification deadline given to owners elapses on July 6. At a briefing in Abuja on Monday, the Public Relations Officer of Customs, Deputy Comptroller Joseph Attah, said so far, only six owners of private…
LAGOS JUNE 21ST (NEWSRANGERS)-A leading All Progressives Congress, APC governorship aspirant in the Anambra governorship election fixed for November 2021, Andy Uba, is currently swimming in trouble. He is said to be heavily indebted to bank. Though the exact amount Uba owns the bank has not been made available, a credible source stated that the…
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…
