LAGOS JANUARY 22ND (NEWSRANGERS)-Nigeria will lift a ban on mining in Zamfara state by the end of March after the government deployed a surveillance team to stifle illegal activity in the northwestern region, the minister of mines and steel development said. The government suspended operations in April on concerns that illegal mining was connected to…
LAGOS JANUARY 22ND (NEWSRANGERS)-Following the failure of the Nigeria Customs Service (NCS) to put its Armoured Personnel Carriers (APCs) into use in the fight against smuggling, its officers were being killed by dare devil smugglers in Lagos and Ogun States. Recall that Abdulahi Dikko, immediate past Comptroller General of Customs, had in 2014 procured the…
LAGOS JANUARY 17TH (NEWSRANGERS)-Nigeria’s inflation increased by 11.98 percent in December 2019, higher than the 11.85 percent recorded in November. This is due to the rise in the composite food index which rose by 14.67 percent in December. The consumer price index, (CPI) which measures inflation witnessed a 0.05 percentage change for the twelve months…
LAGOS JANUARY 13TH (NEWSRANGERS)-As part of programmes marking its 30th anniversary, Home Science Association Secondary School, Ajegunle-Alakuko, Lagos will be ringing the bell at the Nigerian Stock Exchange in Lagos. According to Investopedia, the ringing of the opening bell refers to the moment a securities exchange opens for its normal daily trading session. For HSASS,…
LAGOS JANUARY 12TH (NEWSRANGERS)-The Nigerian Ports Authority (NPA) has said that it hoped to see more cargoes moving down to the Eastern port this year. The General Manager Corporate and Strategic Communications of NPA, Mr Adams Jatto, disclosed this in an interview with News Agency of Nigeria (NAN) in Lagos on Saturday. According to him,…
LAGOS JANUARY 11TH (NEWSRANGERS)-The Managing Director of Access Bank Plc, Herbert Wigwe, was on Friday arrested by operatives of the Economic and Financial Crimes Commission. Wigwe was picked up at the Bank’s head office in Victoria Island, Lagos State. Sources said he spent the night at the Lagos State office of the EFCC. Although details…
LAGOS JANUARY 7TH (NEWSRANGERS)-The Federal Government (FG) has announced that small businesses with turnover less than N25m will be exempted from paying Companies Income Tax (CIT). Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed while disclosing this Monday explained that the policy would be effective once the Finance Bill 2019, is signed into law….
LAGOS JANUARY 7TH (NEWSRANGERS) — Last month, Nigeria’s Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva declared 2020 as the Year of Gas for the West African Nation. In line with this initiative, the Minister and the Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari, led by Nigeria’s…