LAGOS JUNE 29TH (NEWSRNAGERS)-The naira has emerged as the worst-performing currency in the world in the first half of 2024. According to a report by Bloomberg on Friday, devaluation, insufficient dollar liquidity, and market volatility have hindered efforts by the Central Bank of Nigeria to strengthen the currency. Besides the naira, Egypt’s pound and Ghana’s…
LAGOS JUNE 27TH (NEWSRNAGERS)-Leading financial institution -Fidelity Bank PLC -has restated its devotion to support the development of the African technology sector to actualize its potentials. This was revealed at the Africa Technology Expo (ATE 2024) which took place over the weekend. Held at the Landmark Event Center, Victoria Lagos, the well-attended event provided an…
LAGOS JUNE 27TH (NEWSRNAGERS)- Major shareholders of one of Nigeria’s leading financial conglomerates, Sterling Financial Holdings Company PLC., expressed their delight with the leadership and financial performance of the group at its recently held inaugural annual general meeting. The comments came as a result of the group’s continued abilities to post impressive growth numbers in…
LAGOS JUNE 25TH (NEWSRANGERS)-The Comptroller General of Customs, Bashir Adewale Adeniyi MFR, on behalf of the entire officers and men of the Nigeria Customs Service, extends heartfelt condolences to the family of Deputy Comptroller Etop Andrew Essien. The Nigeria Customs Service in a statement signed by Abdullahi Maiwada , Chief Superintendent of Customs National Public Relations Officer …
LAGOS JUNE 23RD (NEWSRNAGERS)-The Congress of Nigerian Maritime Media Practitioners (CONMMEP) wishes to congratulate the Comptroller General of Customs, Bashir Adewale Adeniyi MFR as he marks one year of brilliant performance and outstanding records of achievements as the helmsman of Nigeria Customs Service -NCS CONMMEP, an association that accurately reports events in the Maritime sector,…
LAGOS JUNE 20TH (NEWSRANGERS)-Indian steel maker, Aarti, is exiting the Nigerian manufacturing sector, joining a long list of companies leaving the country on account of economic woes, BusinessDay can authoritatively confirm. The Ota, Ogun State-based steel maker, has already been put up for sale and big players have submitted unconfirmed bids ranging between $50…
LAGOS JUNE 20TH (NEWSRANGERS)-Elon Musk has boldly declared that the future will be dominated by Neuralink users, potentially eliminating the need for phones. Responding to a parody account of himself on X, Musk tweeted, “In the future, there will be no phones, just Neuralinks,” highlighting his vision for the company’s brain chip technology. The tweet…
LAGOS JUNE 20TH (NEWSRANGERS)-As US and Europe-based multinationals exit Nigeria, Asian and local companies are stepping in to fill the void. Last week, London-based Diageo Plc sold its controlling stake in Guinness Nigeria Plc to Singapore’s Tolaram Group Inc. The Fouani Group, a local firm, operates a diaper and sanitary pad plant in a complex…
