LAGOS MARCH 9TH (NEWSANGERS)-Bitcoin’s price tanked to under $10,000 on Wednesday amid fears that a major exchange had been hacked and new regulatory warnings from U.S. authorities. The cryptocurrency’s value fell to half that of three months ago, when it reached a whopping $20,000 per coin. But it remains volatile, and the bitcoin price reacted…
LAGOS MARCH 9TH (NEWSRANGERS)-Sokoto State Governor Aminu Tambuwal has raised the alarm over banks high interest, saying the prevailing interest rate charged by banks is hurting small businesses in the country and should be reviewed downwards to enhance growth and economic stability. Speaking in Sokoto when he received the Managing Director of the United Bank…
LAGOS MARCH 9TH (NEWSRANGERS)-The annual visit of the International Monetary Fund (IMF) staff to Nigeria to collect economic and financial information and discuss with government officials on the economy and policy direction of the country ended earlier this week. After a year of recovery from recession, the macroeconomic growth of the country is looking up…
LAGOS MARCH 7TH (NEWSRANGERS)-Saudi Arabia was home to 10 billionaires last year, according to Forbes. This year, it has none. Forbes said it was unable to assess the wealth of the oil kingdom’s richest men after a corruption probe late last year that left many of them detained for months in a 5-star hotel. Some…
LAGOS MARCH 1ST (NEWSRANGERS)-Mitsumi, a Pan Africa Distribution Company of Information Technology (IT) solutions, has assured its Nigerian customers of quality and affordable technology solutions from Dell/EMC. County Manager of the distribution company, Mr. Rajiv Patel, who gave the assurance when the company hosted its customers and partners in Lagos recently, said Mitsumi would continue…
LAGOS FEBRUARY 24TH (NEWSRANGERS)-Come March 5, 2018, Nissan will launch its first public trial of a self-driving taxi service in Tokyo, Japan. The service, called Easy Ride, will see a handful of self-driving Nissan Leaf electric cars ferry passengers on a set route between Nissan’s headquarters and the Yokohama World Porters shopping center. Nissan, which…
LAGOS FEBRUARY 21ST (NEWSRANGERS)- Nigeria’s state oil firm said on Tuesday it had spent $5.8 billion on fuel imports since late 2017, as it combats a fuel shortage that has left people queuing for hours at filling stations and hobbled an already-struggling economy. “The corporation’s intervention became necessary following the inability of the major and…
LAGOS FEBRUARY 16TH (NEWSRANGERS)- Nigerian off-grid energy investment company, All On, has announced financial close with three firms for accelerated access to affordable and sustainable energy sources in the Niger Delta. Chief Executive Officer of All On, Dr. Boer Wiebe, announced a follow up to the equity investment made in 2017 to Nigeria Solar Home…