LAGOS FEBRUARY 7TH (NEWSRANGERS)-The Nigeria Customs Service (NCS) has handed over 4,907 cartons of seized expired sweets and chocolates valued at N23.7 million to National Agency for Food and Drug Administration and Control (NAFDAC). The Commander of Comptroller-General of Customs’ Strike Force, Mr Hussein Ejibunu disclosed this while handing over the items to NAFDAC officials…
LAGOS FEBRUARY 7TH (NEWSRANGERS)-Former Vice President Atiku Abubakar has advised the Federal Government to have a rethink on its directive on cryptocurrency transactions in the country. This advice, which was contained in a statement on Saturday, was in reaction to the directive of the Central Bank of Nigeria (CBN) to banks and other financial institutions…
LAGOS FEBRUARY 7TH (NEWSRANGERS)-Finance has temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central bank (CBN) instructing local banks to identify and close all accounts tied to cryptocurrency platforms or operations. The CBN letter told local banking institutions that dealing in cryptocurrencies…
LAGOS FEBRUARY 5TH (NEWSRANGERS)-The Central Bank of Nigeria on February 5, 2021, released a statement signed by the Director of Banking Supervision Bello Hassan and the Director of Payments System Management Department Musa I. Jomoh, prohibiting financial institutions in Nigeria from dealing in cryptocurrencies or facilitating payments for cryptocurrency exchange. Meaning all trading of cryptocurrency…
LAGOS FEBRUARY 5TH (NEWSRANGERS)-Nigeria’s Ngozi Okonjo-Iweala is a step closer to becoming the first African and first woman to lead the World Trade Organization, after a South Korean rival withdrew on Friday following months of uncertainty over the body’s leadership. Okonjo-Iweala faced opposition from the U.S. administration of former President Donald Trump after a WTO…
LAGOS FEBRUARY 3RD (NEWSRANGERS)-A bulk carrier belonging to NASDAQ-listed Eagle Bulk Shipping is reported safe and its crew unharmed after a pirate attack in the Gulf of Guinea. The incident was confirmed Monday by Eagle Bulk Shipping in a tweet informing that its owned Ultramax bulker carrier Rowayton Eagle was hijacked about 240 miles southeast…
LAGOS FEBRUARY 2ND (NEWSRANGERS)-One person has been confirmed dead while seven others sustained injuries when operatives of the Nigerian Customs Service clashed with suspected smugglers along Sagamu Interchange/Abeokuta expressway in Ogun State. Among those who sustained bullet, injuries are three Customs officers and a soldier. It was gathered that the rice traders who were conveying…
LAGOS FEBRUARY 2ND (NEWSRANGERS)-China Civil Engineering Construction Corporation (CCECC) has announced that the Lagos-Ibadan Rail has been officially connected to the Apapa port complex. The construction company disclosed this in a tweet on Monday. “On the morning of Jan. 25, 2021, with the successful pouring of the last 25-meter monolithic track bed superstructure of Apapa…