Business | NEWS RANGERS

Raid On Dangote’ll Hurt Nigerian Economy, Scare Investors-Lawmaker

LAGOS JANUARY 7TH (NEWSRANGERS)-A raid by Nigerian anti-graft officials on the offices of Dangote Industries Ltd, controlled by billionaire Aliko Dangote, will harm the economy and deter investors, according to the chairman of an influential panel in the country’s parliament. “The raid on Dangote Group is not only very suspicious, but most importantly capable of […]

Jan 7 2024 | Posted in Business,National | Read More »

One Month After FG’s Intervention Consumers Still Buy Cooking Gas Above N1,100/kg

LAGOS JANUARY 5TH (NEWSRANGERS)-One month after the federal government promised to crash the cost of Liquefied Petroleum Gas (LPG), also known as cooking gas, households and businesses are still paying high prices for every kilogram of the commodity. This is because the price has remained on the high side, as investigation by Daily Trust revealed […]

Jan 5 2024 | Posted in Business,National | Read More »

South African Billionaire Rupert Floors Floors Dangote As Africa’s Richest Man

LAGOS JANUARY 5TH (NEWSRANGERS)-According to a recent list released by Forbes Magazine, South African Business Mogul, John Rupert has dethroned Nigerian Aliko Dangote to emerge as the richest man in Africa. In the ranking, Johann Rupert & family’s wealth went from $10.7 billion to $10.3 billion to emerge as Africa’s richest man. This saw Aliko […]

Jan 5 2024 | Posted in Business,International,National | Read More »

Strike: Maritime Workers To Shut Down Nigerian Ports On Tuesday

LAGOS JANUARY 5TH (NEWSRANGERS)-The Maritime Workers Union of Nigeria, MWUN, has threatened to shut the nation’s ports from Tuesday, January 9, over the alleged continued refusal of the International Oil Companies, IOCs, and Stevedoring Contractors to comply with the Stevedoring extant laws. In a statement Wednesday night, the President-General of the union, Prince Adewale Adeyanju, […]

Jan 5 2024 | Posted in Business,National | Read More »

Bloomberg Predicts Continuous Slip Of Naira In 2024 As The 2nd Worst Performing Currency Globally

LAGOS DECEMBER 30TH (NEWSRANGERS)-A US-based media company, Bloomberg L.P., has predicted a continued decline of the Nigerian naira in 2024, potentially making it the worst-performing currency globally for the second year in a row. Bloomberg’s market analysis reveals a staggering 55% depreciation of the naira this year, reaching about 1,043 to the dollar as of […]

Dec 30 2023 | Posted in Business,National | Read More »

Shipping Mogul Maersk Sets To Restart Operations In Red Sea

LAGOS DECEMBER 26TH (NEWSRANGERS)-Shipping mogul Maersk is preparing to restart operations in the Red Sea, following a brief hiatus, citing that the US-led multinational naval operation Operation Prosperity Guardian (OPG) has been set up to protect shipping from attacks by Houthi rebels in the region. Maersk said in a statement Sunday, “With the OPG initiative in operation, we are […]

Dec 26 2023 | Posted in Business,National | Read More »

CBN Lifts Two-Year Old Ban On Cryptocurrency With Strict Restrictions

LAGOS DECEMBER 22ND (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has lifted its two-year-old ban on cryptocurrency, replacing it with a comprehensive regulatory framework aimed at harnessing its potential while mitigating risks. The policy shift was announced on Friday in a circular signed by CBN Director of Financial Policy and Regulation, Haruna Mustapha. The full statement […]

Dec 22 2023 | Posted in Business,National | Read More »

Reps Order POS Operators To Stop Sale Of Naira Notes, Remove Excessive Charges

LAGOS DECEMBER 22ND (NEWSRANGERS)-The House of Representatives on Thursday warned the Point-of-Sales (POS) operators in the country to stop selling naira notes and remove excessive charges to customers nationwide immediately. This is even as the House mandated the Committees on Banking Regulations and Digital and Electronic Banking to invite the Minister of Finance and National […]

Dec 22 2023 | Posted in Business,National | Read More »

Canadian Dollar Jumps To Highest Since August As Inflation Stays Elevated

LAGOS DECEMBER 19TH (NEWSRANGERS)-The rate of inflation in Canada unexpectedly remained stuck at 3.1% last month, giving the central bank another reason to keep its policy rate at the highest level in two decades. The consumer price index rose by 3.1% in November from a year ago, matching the increase a month earlier, Statistics Canada […]

Dec 19 2023 | Posted in Business,National | Read More »

NNPC Ltd. Wins The Whistler’s 2023 Transparency, Innovation Award

LAGOS DECEMBER 17TH (NEWSRANGERS)-The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has won this year’s The Whistler Newspaper’s Award for Transparency and Innovation. Statement signed by Olufemi O. Soneye, Chief Corporate Communications Officer NNPC Ltd. Made available to NewsRangers said the Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari received the award […]

Dec 17 2023 | Posted in Business,National | Read More »