LAGOS AUGUST 13TH (NEWSRNAGERS)-As the new harvest season unfolds, markets across Lagos and Abuja have seen a significant drop in the prices of tomatoes and peppers. At the bustling Ketu and Berger markets in Lagos, traders report that the price of a large basket of tomatoes has plummeted to between N55,000 and N60,000, a sharp…
LAGOS AUGUST 13TH (NEWSRNAGERS)-Union Bank, one of Nigeria’s most noteworthy and trusted financial institutions, has received another significant recognition with its recent attainment of the Payment Card Industry Data Security Standard (PCIDSS) version 4.0 certification. This notable achievement, which is an upgrade from the previously awarded Payment Card Industry Data Security Standard (PCIDSS) version 3.2,…
LAGOS AUGUST 10TH (NEWSRNAGERS)-Days after hundreds of thousands of people took to the streets across Nigeria to protest against inflation and other economic hardships, clothing seller Michael Nwankwo is still counting the cost of the business he lost. At least 22 people died, according to Amnesty International, in the demonstrations that started on Thursday last…
LAGOS AUGUST 9TH (NEWSRANGERS)-Investors are literally scrambling for shares of Fidelity Bank Plc as the leading commercial bank’s capital raising continues to gather momentum among all categories of investors. Investors’ appetite for Fidelity Bank is shown in massive subscriptions to its ongoing rights and public offers and voluminous trading at the stock market. Current weekly…
LAGOS AUGUST 9TH (NEWSRANGERS)-The Nigerian National Petroleum Company Limited (NNPCL) has clarified issues surrounding the reported fire at the Mobil filling station at Ikeja, Lagos on Thursday. A statement by Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye after the incident, said the explosion had nothing to do with the recently commissioned NNPC Gas Marketing…
LAGOS AUGUST 8TH (NEWSRANGERS)-Union Bank of Nigeria, one of Nigeria’s foremost financial institutions, has added to its growing list of qualified personnel with the recent graduation of the 2024 set of Management Trainees. The ceremony, which was held at the Bank’s multiple-purpose sports complex, ‘The Stable, ’ in Surulere, Lagos, included the financial institution’s…
LAGOS AUGUST 6TH (NEWSRANGERS)-First Bank sacked over 100 employees in July 2024, four months after discovering that Tijani Muiz Adeyinka, a manager on the operations team, allegedly diverted ₦40 billion over two years. In details first reported by TechCabal, Adeyinka, who is still on the run, used his authorisation to approve chargebacks to accounts he…
By Olufemi Soneye LAGOS AUGUST 8TH (NEWSRANGERS)-In its editorial of 2nd August, 2024, the BusinessDay newspaper, characteristically, launched another scurrilous and baseless attack on the Nigerian National Petroleum Company Limited (NNPC Ltd). In the editorial entitled: “NNPCL: Liability or Asset to Nigerians?”, the newspaper set out to paint the picture of NNPC Ltd that…