LAGOS MAY 16TH (NEWSRANGERS)-The Nigerian Ports Authority (NPA) said it has successfully cleared the decade-long gridlock on the Mile 2-TinCan-Apapa corridor, home to the TinCan and Apapa ports. In a post on its official X account, the NPA attributed the feat to a collaborative effort involving the Lagos State Government, the Nigerian Navy, the Nigeria…
LAGOS MAY 13TH (NEWSRANGERS)-Tiny generators known to power the homes of the least wealthy households and shops of the smallest businesses in Nigeria’s commercial capital, Lagos, have gone out of reach for many amid a rapid price surge. “I better pass my neighbour,” the phrase used to describe the generators, now make their owners not…
LAGOS MAY 12TH (NEWSRANGERS)-Dana Air has temporarily disengaged some of its staff members. This comes on the heels of its recent grounding and an ongoing audit by the Nigerian Civil Aviation Authority (NCAA). The carrier’s Head of Corporate Communications, Kingsley Ezenwa, said this in a statement on Saturday. He said the audit, which is currently…
LAGOS MAY 12TH (NEWSRANGERS)-The News Agency of Nigeria reports that CAC had on Monday issued a two-month registration deadline to PoS operators to register their agents, merchants, and individuals with the commission in line with legal requirements and the directives of the Central Bank of Nigeria (CBN). The agents, who spoke to NAN in Abuja…
LAGOS MAY 12TH (NEWSRANGERS)-Naira has dipped from the best to the worst performing currency, according to a new Bloomberg report. This is a reversal in its recent gains, emerging as the world’s worst-performing currency after a wonderful performance last month. Synthesize Beautiful Scenes of Ha Giang Via Super Quality Travel Video – Flycam Nem TV…
LAGOS MAY 10TH (NEWSRANGERS)-The House of Representatives demanded an immediate halt to the proposed implementation of the cybersecurity levy imposed by the CBN. The resolution of the House was sequel to the adoption of a motion by Hon. Kingsely Chinda on behalf of others. He said the CBN through a circular to all Commercial, Merchant,…
LAGOS MAY 8TH (NEWSRANGERS)-There is enormous hope on the horizon for businesses in Nigeria as the Consumer Credit sector comes alive with the commencement of engagements with Nigeria’s lending ecosystem. No fewer than 19 commercial banks were at the first session convened recently by Nigeria’s apex bank, the Central Bank of Nigeria (CBN) during…
LAGOS MAY 7TH (NEWSRAGERS)-The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex bank on Monday disclosed that the levy implementation would start two weeks from today. The circular was directed to all commercial, merchant, non-interest, and payment service banks,…
