LAGOS DECEMBER 21ST (NEWSRANGERS)-Workers in the nation’s Communications industry under the aegis of Private Telecommunications and Communications Senior Staff Association of Nigeria, PTECSSAN, weekend rejected the two weeks deadline given by the Federal Government to telecommunications operators to block subscribers’ lines that failed to link them up with the National Identification Number, NIN. PTECSSAN in…
LAGOS DECEMBER 19TH (NEWSRANGERS)-During the police brutality protests in Nigeria in October, bitcoin saved the day when the government shut out protesters from using local payment platforms for collecting donations to support it. The young, tech-savvy protesters quickly switched to using bitcoin, and in about a week bitcoin accounted for around 40% of the nearly…
LAGOS DECEMBER 17TH (NEWSRANGERS)-Saudi Arabia reduced its budget plan for 2021 by 7 percent from this year’s in response to the economic fallout of the pandemic, which pushed oil prices to multi-year lows. Reuters reported that Riyadh will spend some $264 billion next year, or 990 billion riyals, as it battles a substantial deficit resulting…
LAGOS DECEMBER 10TH (NEWSRANGERS)-The Nigerian government has ordered mobile telecommunication operators in the country to stop the sale and registration of new SIM cards. The directive applies to all mobile operators including MTN, Globacom, Airtel and Etisalat. The directive was contained in a statement by the communications ministry sent to PREMIUM TIMES. Read the full…
LAGOS DECEMBER 6TH (NEWSRANGERS)-Forex turnover rose sharply by 173.3%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N395/$1 during intra-day trading on Thursday, December 3. Also, the Naira appreciated significantly against the dollar, closing at N470/$1 at the parallel market on Thursday, December 3, 2020, as the…
LAGOS NOVEMBER 30TH (NEWSRANGERS)-Daredevil armed robbers invaded Alaba International Market, shot security guard, looted shops and then carted away expensive items worth millions of Naira. The total value of items lost to the looting at the market was not yet ascertained because it was massive as the bandits were said to have invaded the market…
LAGOS NOVEMBER 29TH (NEWSRANGERS)-Chairman of Innoson Vehicles Manufacturing Company Limited, IVM, Chief Innocent Chukwuma, has cautioned that Federal Government’s plan to reduce the import duties and levies on buses, tractors and other motor vehicles as contained in the recent 2020 Finance Bill, will not only be a disincentive to investments, but will also set Nigeria’s automotive…
LAGOS NOVEMBER 28TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has brought the local currency closer to the exchange rate unification agenda of the apex bank as recommended by the International Monetary Fund (IMF) and World Bank. In a weekly exchange rate for disbursement…