LAGOS MARCH 16TH (NEWSRANGERS)-Shoprite Group has announced its unaudited results for the 26 weeks to 27 December 2020 in which sale of merchandise increased by 4.7% to R83.4 billion while its trading profit increased by 18.3% to R4.7 billion. The Group confirms that the terms of sale have been concluded for the disposal of a…
LAGOS MARCH 16TH (NEWSRANGERS)-African Development Bank President, Dr. Akinwumi Adesina has called for vaccine justice for Africa. Speaking at the launch of the Bank’s African Economic Outlook 2021 report on Friday, Adesina decried the lack of Covid-19 vaccines reaching Africa. “We need global solidarity and vaccine justice for Africa,” Africa’s premier development bank chief said….
LAGOS MARCH 16TH (NEWSRANGERS)-The port of Lagos has long had a reputation in the shipping industry of being a headache — a hub where costly delays and other obstacles are legion. But many in the business say the gateway to the huge market of Nigeria has become even more choked in recent months, its problems…
LAGOS MARCH 16TH (NEWSRANGERS)-Okeke Leticia Chigozie, a 28-year-old Nigerian logistics worker, dreams of opening her own shoe store in Nigeria. Having no credit history, she does not qualify for a bank loan to fund her enterprise. Instead, she joined a traditional savings group in her community, sometimes called esusu. These savings circles allow those without…
LAGOS MARCH 15TH (NEWSRANGERS)-Despite the giant strides of Dangote Group and enormous investments in Nigeria, the United States of America has alleged that the business strategies of the Dangote Group are dangerous to the Nigerian economy. Aliko Dangote, famed as the Africa’s richest man, is the owner of the Dangote Group of Companies, which have…
LAGOS MARCH 9TH (NEWSRANGERS)-A senior official of the Nigeria Customs Service has explained how operatives offered bandits seven bags of seized rice to save themselves from the criminals. Comptroller Aliyu Mohammed, who is the Coordinator of the Sector 4 Command of the Joint Border Patrol Team in the North West, narrated how the incident occurred…
LAGOS MARCH 8TH (NEWSRANGERS)-After injecting over four hundred billion naira into Polaris bank by the Central Bank of Nigeria in 2018, the apex bank has finally concluded arrangements to cede it to a prefered bidder. This medium exclusively gathered that a first generation bank with strong presence in the financial inclusion market has emerged as…
LAGOS MARCH 7TH (NEWSRANGERS)-To sustain and further boost inflows of diaspora remittances into the country, the Central Bank of Nigeria will pay recipients of diaspora remittances through CBN licensed IMTOs N5 for every $1 received as remittances inflow. In a Circular the apex bank announced the introduction of “CBN Naira 4 Dollar Scheme” as an…