LAGOS OCTOBER 17TH (NEWSRANGERS)- The Central Bank of Nigeria (CBN) on Wednesday, said that a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82 million was recorded in 2018. The bank said this in the Currency Operations 2018 Annual Report, posted on its website. The CBN said the figure indicated a…
LAGOS OCTOBER 17TH (NEWSRANGERS)-The Director General, Standards Organisation of Nigeria, SON,Dr Joseph Odumodu has said that the Agency is ready to tackle issues of fake and substandard products coming into Nigeria, with the approval of African Continental Free Trade Agreement, ACFTA, by government. The SON boss made this known through his representative, Engineer Enebi Olutoye…
LAGOS OCTOBER 10TH (NEWSRANGERS)-An American airline has grounded two Boeing jets after finding cracks in parts that connect the wings to the fuselage. A Brazilian airline has also grounded 11 Boeing 737s after finding evidence of “the need to replace a specific component”. Southwest Airlines and Brazil’s Gol Linhas Aereas were among the companies which…
LAGOS OCTOBER 9TH (NEWSRANGERS)-An $875 million (716.7 million pounds) Nigerian government lawsuit against U.S. bank JPMorgan is clear to move forward after a London-based appeals court on Tuesday rejected the bank’s bid to have the case dismissed. The bank had asked the court to quash the Nigerian government’s case, arguing that it had no prospect…
LAGOS OCTOBER 8TH (NEWSRANGERS)-The second edition of the Africa Investment Forum, a game-changer to tilt capital flow into the continent, will take place from 11-13 November 2019 at the Sandton Convention Centre in Johannesburg, South Africa. The forum, organized by the African Development Bank and its partners, is the largest multi-stakeholder and multi-disciplinary marketplace aimed…
LAGOS OCTOBER 8TH (NEWSRANGERS)-Rwanda’s Mara Group launched two smartphones on Monday, describing them as the first “Made in Africa” models and giving a boost to the country’s ambitions to become a regional technology hub. The Mara X and Mara Z will use Google’s Android operating system and cost 175,750 Rwandan francs ($190) and 120,250 Rwandan…
LAGOS OCTOBER 6TH (NEWSRANGERS)-The Management of Nigeria LNG Limited has commended the 2019 conference theme of the Guild of Corporate Online Publishers (GOCOP) describing it as very relevant at this time considering the prevailing economic issues in Nigeria. The organization thanked GOCOP for its constant support, adding that they value its partnership with them in…
LAGOS OCTOBER 4TH (NEWSRANGERS)-The Ohaneze Youth Council has accused officials of the Nigerian Customs Service (NCS) of extorting Igbo traders. The group alleged that the NCS officials have been carrying out, relentless extortion and exploitation of Igbo traders and businessmen in the country, particularly Lagos state. The council stated that it is embittered by the…