LAGOS AUGUST 26TH (NEWSRANGERS)-A driver attached to the Okota, Lagos branch of the United Bank for Africa (UBA) has reportedly eloped with N25 million meant for some automated teller machines, ATM, around the zone. According to report in BusinessLive, the incident took place penultimate week Tuesday and no fewer than five bank officials have since…
LAGOS AUGUST 24TH (NEWSRANGERS)-The Managing Director/Chief Executive Officer of Polaris Bank Limited, Mr. Tokunbo Abiru, has announced his retirement from the service of Polaris Bank, effective August 31, 2020, having successfully completed his second two-year tenure at the helm of the Bank. In an emotion-laden farewell message to the staff of the Bank, Mr. Abiru…
LAGOS AUGUST 17TH (NEWSRANGERS)-Dealers in used cars have been forced to cut prices by up to 15 percent in response to depressed demand in an economy reeling from the effects of the Covid-19 pandemic. Mazda Demio, Toyota Fielder, Toyota V8 and Subaru Outback are among the popular models whose yard prices have dropped by a…
LAGOS AUGUST 16TH (NEWSRANGERS)-The Nigerian Ports Authority on Saturday announced the successful berthing in Onne Port, Rivers state, of the biggest container ship to ever call at any Nigerian port. The Maerskline Stardelhorn vessel with Length overall of 300 metres, width of 48 metres was received at the Federal Ocean Terminal (FOT), at 1620 hours….
LAGOS AUGUST 13TH (NEWSRANGERS)Chukwuemeka Ezike sends thousands of dollars’ worth of bitcoin a month in order to trade with Chinese exporting companies. In return, he receives spare auto parts, construction equipment, and juices for a family business his father started more than 30 years ago. Ezike works full-time at Singapore-based crypto exchange Huobi as its…
LAGOS AUGUST 4TH (NEWSRANGERS)-Property developer Tayo Amusan is believed to be in the frontlines to buy the majority share of Africa’s largest food retailer Shoprite in its Nigerian subsidiary. Mr Amusan owns Persianas Nigeria Limited, a property development company, with some of his property housing Shoprite stores. The Nigerian is believed to be among three…
LAGOS JULY 28TH (NEWSRANGERS)-An independent panel of experts, headed by former Irish president Mary Robinson, has cleared the beleaguered leader of the African Development Bank (AfDB) of corruption, according to a report obtained by AFP. Akinwumi Adesina, 60, a charismatic speaker known for his elegant suits and bow ties, became the first Nigerian to helm…
LAGOS JULY 25TH (NEWSRANGERS)-The Naira on Friday weakened marginally against the dollar at both the parallel market in Lagos and the investor’s window. The Nigerian currency traded at N472.5 to the dollar at the parallel market, down by 0.5 points from N472 exchanged on Thursday. The Pound Sterling and the Euro closed at N582 and…