LAGOS FEBRUARY 12TH (NEWSRANGERS)-The Senate has mandated its Committees on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes and Capital Market to invite the Governor of the Central Bank of Nigeria, Godwin Emefiele to brief it on the recent ban on cryptocurrency in the country. The Senate also invited the Director General of the…
LAGOS FEBRUARY 11TH (NEWSRANGERS)-In what appears to be a brewing scandal, Shell Petroleum Development Company, SPDC, a subsidiary of Royal Dutch Shell, has balked and admitted to under-reporting the volume of crude oil it takes out of Nigeria’s oil-rich Niger Delta and shortchanging the federal government in the process, THEWILL can authoritatively report. Two authoritative…
LAGOS FEBRUARY 11TH (NEWSRANGERS)-No fewer than three personnel of the Nigerian Customs Service (NCS) have been abducted by Boko Haram in an attack on a Yobe volatile town. Some Boko Haram invaded Geidam, about 130 kilometres to Damaturu, the state capital on Tuesday evening, firing several shots for nearly half an hour, residents said. Security…
LAGOS FEBRUARY 10TH (NEWSRANGERS)-The National Drug Law Enforcement Agency has continued its offensive action against drug barons and cartels in Nigeria with the latest seizure of 40 parcels of cocaine weighing 43.11kilogram (100.05pds), with an estimated street value of over N32 billion. The consignment containing the illicit drug was put under surveillance by operatives of…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-Nigeria’s flagship privately operated airport terminal, Murtala Muhammed Airport Terminal 2, (MMA2) Lagos is embarking on a massive upgrading of its X-ray machine and air conditioning systems for passengers safety, security and comfort. A press statement made available to NewsRangers signed Mikail A. Mumuni, Group Corporate Affairs Manager of Bi-Courtney Aviation Services Limited…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-Having survived the murky waters of politics in Nigeria, where her mother was kidnapped to send her a message, and rising to number two at the World Bank, Ngozi Okonjo-Iweala should have no trouble dealing with international trade negotiators in her new job at the World Trade Organisation (WTO). The 66-year-old will…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-The South African Revenue Service (SARS) is reportedly sending taxpayers audit requests, asking those who have held cryptocurrencies to disclose their trading activity. SARS has sent the requests to a number of taxpayers who, in turn, contacted professional tax services firm Tax Consulting South Africa, reported local IT news site MyBroadband on…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) issued a five-page statement Sunday clarifying its position on cryptocurrencies after a regulatory warning to local banking institutions on Friday sent shockwaves through social media. In Sunday’s statement, the CBN said Friday’s letter was only a reminder that cryptocurrencies were not legal tender in Nigeria, and…