Windfall: Tanzanian Miner Becomes Millionaire After Selling Two Gemstone For $3.4m

LAGOS JUNE 26TH (NEWSRANGERS)-A small-scale miner in Tanzania has become an overnight millionaire after selling two rough Tanzanite stones – the biggest ever find in the country. Saniniu Laizer earned £2.4m ($3.4m) from the country’s mining ministry for the gemstones, which had a combined weight of 15kg (33 lb). “There will be a big party…

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Nigeria’s Economy Faces Worst Recession in Four Decades- s World Bank Report

LAGOS JUNE 25TH (NEWSRANGERS)-The collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, according to the latest World Bank Nigeria Development Update (NDU). The report, “Nigeria In Times of COVID-19: Laying Foundations for a Strong Recovery,” estimates that…

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Crypto Currency Founder, Robert Farkas Sentence To Seven Years in Jail For $25m Scam

LAGOS JUNE  19TH (NEWSRANGERS)-Robert Farkas, the founding father of a cryptocurrency agency Centra Tech that raised greater than $25 million from its preliminary coin providing rip-off, pled responsible in a federal courtroom in Manhattan on Tuesday.  The official assertion accused Farkas of conspiring to commit securities and wire fraud and ordered a sentence between 70…

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Polaris Bank SurePadi impacts millions of households In 100 Days Of Operation

LAGOS JUNE 12TH (NEWSRANGERS)-Within its first 100 days of introduction, Polaris Bank’s Agency Banking initiative, SurePadi, has serviced over half a million customers impacting directly an estimated two million households across the seven business regions of the Bank nationwide.  Beyond the direct impact on customers and households in Nigeria, the sheer volume and value in…

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