Category archives for: Business

When’ll Nigeria Take Advantage Of It’s Enormous Marine Resources-CONMEP Asks

  LAGOS MARCH 6TH (NEWSRANGERS)-The Congress of Nigerian Maritime Media Practitioners – CONMMEP has expressed shock that despite Nigeria’s  amazing natural endowments and potentials, the country is still struggling in every sector of the economy most especially, the maritime. According to the various publications and information that have put the annual worth of trade within […]

767 Manufacturers Shut Down Operation, 335 Distressed In 2023 – MAN

LAGOS MARCH 6TH (NEWSRANGERS)-The Manufacturers Association of Nigeria has said that 767 manufacturers shut down operations while 335 became distressed in 2023. This came against the backdrop of exchange rate volatility, rising inflation and other economic challenges that have worsened the investment climate. MAN stated this in a statement in which it condemned the recently […]

NIMASA, Denmark Firm Sign MoU On Full- Scale VHF Data Exchange System

LAGOS MARCH 6TH (NEWSRANGERS)-The Nigerian Maritime Administration and Safety Agency (NIMASA) has signed a Memorandum of Understanding (MoU) with Sternula Denmark on full-scale Very High Frequency (VHF) Data Exchange System (VDES) space capabilities between the Agency and Sternula. The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA Dr Bashir Jamoh, OFR, who signed on […]

Abia State To Get Seaport As Otti Performs Ground Breaking Ceremony

bia S LAGOS MARCH 6TH (NEWSRANGERS)-Abia Governor, Dr Alex Otti, has announced plans to establish a seaport in the state. The project  will be located in Owazza, Ụkwa East LGA Abia state. The Obidient governor made this announcement at the ongoing South-East Security Summit in Owerri, Imo state. He also announced that the flag off […]

Alleged Irregularities: Bank Of Ghana Suspends GTB, FirstBank’s Forex Licences

LAGOS MARCH 6TH (NEWSRANGERS)-The Bank of Ghana on Monday announced the suspension of the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN). The suspension, effective 18 March, will run for one month. According to a statement by the Ghanaian central bank, the suspension is in accordance with […]

Binance Announces Decision To Cease Operation In Nigeria

LAGOS MARCH 6TH (NEWSRANGERS)-Binance, a leading cryptocurrency exchange, has announced its decision to cease operations in Nigeria due to regulatory challenges with the federal government and the Central Bank of Nigeria (CBN) regarding foreign exchange regulations. Customers have been given until March 8, 2024, to withdraw their funds, following the halt of naira deposits starting […]

Employers Fault FG’s Expatriate Employment Tax

LAGOS MARCH 5TH (NEWSRANGERS)-The Nigeria Employers’ Consultative Association has warned that the Ministry of Interior’s expatriate employment levy will deter investment in the country. The association also faulted the levy,  saying there would be a need for certain regulations to be put in place before such tax could be imposed. In a statement on Sunday, […]

Peter Obi Laments Nestle, MTN Record Of Losses, Calls For Halt In Naira Fluctuation

LAGOS MARCH 4TH (NEWSRANGERS)-Peter Obi, the candidate of the Labour Party (LP) in the 2023 presidential election, has lamented over the continuous loss of profit by business organizations in the country.  Obi called for a more favorable business environment to enable local and international businesses to thrive. Obi, who made the call while reacting to […]

Alleged N178bn Bad Debt: Reps Dismiss Petition Against NPA MD, Bello Koko

LAGOS MARCH 4TH (NEWSRANGERS)-The House of Representatives has dismissed a petition against the Managing Director of the Nigeria Ports Authority (NPA), Muhammed Bello-Koko. Recall that a Non-Governmental Organisations in Nigeria, had petitioned the House Committee on Public Petitions alleging that the MD recorded a bad debt of N178 billion in the audited financial statement of […]

WEMA Bank Emerges Member Of The Month For Fintech Association Of Nigeria

LAGOS MARCH 1ST (NEWSRANGERS)-Wema Bank, Nigeria’s foremost innovative bank and Africa’s first fully digital bank, ALAT, has been recognised as the member of the month by the Fintech Association of Nigeria for its outstanding contributions to the fintech and innovation ecosystem. The Fintech Association of Nigeria [FinTech NGR] is a non-profit and non-political organisation established […]

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