LAGOS OCTOBER 14TH (NEWSRANGERS)-Bank of America has been fined $1.21 billion by US regulators for widespread failures to detect potential money laundering and other illicit activity, a penalty the bank said will hurt third-quarter earnings. The Treasury Department said the fine, the third-largest in department history, is due to the bank’s failure to report more…
LAGOS OCTOBER 12TH (NEWSRANGERS)-Retirement should be viewed not as the end of a productive career but as an opportunity for reinvention, growth and continued contribution to society, Vice President, Relations and Sustainable Development, Renaissance Africa Energy Company Limited, Igo Weli, has said. Weli spoke at a Pre-Retirement Seminar organised by Renaissance in partnership with the…
LAGOS OCTOBER 12TH (NEWSRANGERS)-Dangote Refinery-backed MRS and other Nigerian filling stations have increased their retail prices of Premium Motor Spirit, PMS, popularly known as petrol. A market survey by DAILY POST on Sunday showed that filling stations in Abuja and environs raised petrol prices to N1,409 per litre from N1,370. This means that MRS filling…
LAGOS OCTPBER 12TH(NEWSRANGERS)-Nigeria must sustain the momentum of reform, accelerate investment, and deepen partnership to secure a bright energy for her teeming population, Managing Director Shell Nigeria Exploration and Production Company of Nigeria Limited (SNEPCo) Ronald Adams said in Lagos at the weekend. Delivering a keynote address at the Africa Energy Conference of the Lagos…
LAGOS OCTOBER 10TH (NEWSRANGERS)-The Management of the Nigerian Ports Authority (NPA), led by the Managing Director, Dr. AbubakarDantsoho, received the Executive Director of Dala Inland Dry Port, Mr. Ahmad Rabiu, and representatives of Funtua Inland Dry Port, at the NPA Corporate Headquarters, Marina, Lagos. The familiarisation visit follows the strategic directive of the Honourable…
LAGOS OCTOBER 10TH (NEWSRANGERS)-Leading financial institution, Fidelity Bank Plc, is set to host the Lagos edition of its Quarterly Business Forum, bringing together entrepreneurs, industry experts and key stakeholders to explore strategies for building competitive and sustainable businesses. Themed “Built to Compete: Positioning Lagos Businesses for Sustainable Growth,” the forum will examine the opportunities…
By Aderonke Oluwadare LAGOS OCTOBER 7TH (NEWSRANGERS)-Nigeria’s micro, small and medium sized enterprises remain central to the country’s economic growth, employment and household incomes. According to the NBS and SMEDAN MSME 2021 survey, as cited in PwC Nigeria’s MSME Survey 2024, MSMEs account for 96.9 per cent of businesses, 87.9 per cent of employment,…
LAGOS OCTOBER 4TH (NEWSRANGERS)-The Nigerian Ports Authority (NPA) has stepped up efforts to remove bottlenecks hampering Nigeria’s non-oil exports, with a renewed push to expand export channels, improve cargo processing and boost foreign exchange inflows into the economy. The Managing Director/Chief Executive Officer of the NPA, Dr. Abubakar Dantsoho, disclosed this at the 21st…
