Business | NEWS RANGERS

CBN Fines Nine Banks ₦150m Each For Failing To Provide Cash In ATM

LAGOS JANUARY 15TH (NEWSRANGERS)-In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. Each bank was fined ₦150 million for non-compliance, in line with the CBN’s […]

Jan 15 2025 | Posted in Business,National | Read More »

SAHCO Dismisses Staff Member For Allegedly Harassing, Extorting Passenger N100k

LAGOS JANUARY 15TH (NEWSRANGERS)-The Skyway Aviation Handling Company (SAHCO) has sacked its staff member for harassing and extorting N100, 000 from South Africa-bound passenger at the Murtala Muhammed International Airport (MMIA), Lagos, recently. The company took the action after it confirmed the allegation to be true in an investigative panel set up to scrutinize his activities. […]

Jan 15 2025 | Posted in Business,National | Read More »

Solar In Africa Grows Significantly For 3rd Year In A Row

LAGOS JANUARY 14TH (NEWSRANGERS)-Solar installations have reached new heights across the globe in 2024with a whopping 503 GWp of estimated capacity. This represents a 44% increase compared to 2023. In Africa, the growth is more modest but new installations maintain a solid level at 2.5 GWp after 2022 and 2023 being record years for solar […]

Jan 14 2025 | Posted in Business,Features,International,National | Read More »

Nigeria Minister Of Power Officially Declares Powerelec-Nigeria 2025 Int’l Exhibition Open In Lagos

LAGOS JANUARY 14TH (NEWSRANGERS)-Nigeria Minister of Power, Chief Adebayo Adelabu has officially declared Powerelec-Nigeria 2025 International exhibition opened The event was organised by Africa Solar Industry Association(AFSIA} and held at Landmark Centre, Victorial Island, Lagos is to update people on the status of solar in Africa. It is a comprehensive report offering critical insights and […]

Jan 14 2025 | Posted in Business,International,National | Read More »

Fuel Pump Prices May Rise Following Increase In Cost Of Crude Oil

LAGOS JANUARY 13TH (NEWSRANGERS)-The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major commodity that determines the prices of refined petroleum products. On Sunday, the price of Brent reached $79.76 per barrel. The rise in […]

Jan 13 2025 | Posted in Business,National | Read More »

RE: GHL Does Not Owe FBN $225m, Moratorium Is In Place Pending Commercial Oil Production

Here are the details. Please refer to your story entitled ‘Court Freezes General Hydrocarbons’ Accounts over (Alleged) $225.8m Debt to First Bank’ and published in your platform of January 10/ 11, 2025, as well as other misleading and malicious stories on social media. The report alleged that a Federal High Court in Lagos has frozen […]

Jan 13 2025 | Posted in Business,Features,National | Read More »

Nduka Obaigbena Breaks Silence On General Hydrocarbons Limited, First Bank Crisis

LAGOS JANUARY 12TH (NEWSRANGERS)-The Chairman of the Board of General Hydrocarbons Limited, Nduka Obaigbena, CON has finally break his silence over the crisis brewing between his company and First Bank of Nigeria (FBN). Obaigbena in a statement personally signed by him and made available to NewsRangers through email said as the owners of General Hydrocarbons […]

Jan 12 2025 | Posted in Business,National | Read More »

Nigeria Rank 6th Among 10 African Countries With Cheapest Fuel Prices

LAGOS JANUARY 11TH (NEWSRANGERS)-Fuel prices across Africa in 2025 reflect a diverse energy environment influenced by local production, subsidies, and imports. Countries like Libya and Angola, with abundant oil reserves, maintain low fuel prices, while nations such as Ethiopia and Liberia, which depend on imports, face higher costs. As global oil prices fluctuate, these nations […]

Jan 11 2025 | Posted in Business,International,National | Read More »

Nigeria Customs To Deploy IT Strategy To Ensure Transparent Recruitment Process

LAGOS JANUARY 11TH (NEWSRANGERS)-The Nigeria Customs Service will be deploying an information technology strategy to ensure transparency in its ongoing recruitment processes, The PUNCH has learnt. A source at the Service exclusively told our correspondent on Saturday that the list of the candidates to sit for the computer-based test would be generated by an automated […]

Jan 11 2025 | Posted in Business,National | Read More »

Over 573,000 Applicants Scramble For 3,927 Customs Recruitment Jobs

LAGOS JANUARY 8TH (NEWSRANGERS)-The Nigeria Customs Service (NCS) yesterday said that it received 573,519 applications for 3,927 job positions for its 2024/2025 recruitment exercise, just a week after opening the portal. Recall that Finance Minister Olawale Edun had earlier confirmed that the Federal Government approved the recruitment of 3,927 officers into the NCS. Providing an update […]

Jan 8 2025 | Posted in Business,National | Read More »