LAGOS AUGUST 2ND (NEWSRANGERS)-The Naira continued to appreciate against the dollar at the foreign exchange market despite the ongoing nationwide protest against bad governance. This came as the Naira appreciated significantly in both official and parallel foreign exchange markets. FMDQ data showed that Naira significantly appreciated to N1570.00 against the dollar on Thursday from N1608.73…
LAGOS JULY 30TH (NEWSRNAGERS)-Telecoms giant, MTN, has shut all its stores and service centres across Nigeria. This was coming on the heels of an outrage by some of its subscribers across the country after the network provider barred their lines on Sunday. In a viral video on social media Monday, a mob is seen destroying…
LAGOS JULY 30TH (NEWSRANGERS)-Thousands of Nigerians woke up on Sunday to find their SIM cards barred by MTN Group Limited, sparking widespread outrage. The telecommunications giant claimed that the affected subscribers had failed to link their National Identification Number (NIN) with their SIM cards. In response, scores of disgruntled subscribers stormed MTN offices in major…
LAGOS JULY 29TH (NEWSRANGERS)-The Nigerian Communications Commission has directed telecommunications operators to immediately restore all blocked phone lines due to non-linkage of National Identification Numbers to SIM cards. This directive was disclosed in a statement on Monday by the Director of Media and Public Affairs, Reuben Muoka. The telecom industry regulator explained that this directive…
LAGOS JULY 29TH (NEWSRANGERS)-There is tremendous excitement in the air as the first female Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe clocked 60 years on Sunday July 28, given her outstanding performance in the nation’s financial services sector that had earned her respect amongst banks’ top CEOs. Besides leading…
LAGOS JULY 26TH (NEWSRANGERS)-The naira crossed the N1,600 mark against the dollar at the official foreign exchange market on Thursday. FMDQ data on Thursday showed that the naira depreciated to N1,603.80 per dollar on Thursday from N1,586.71 traded on Wednesday, recording a N17 loss. Similarly, at the black market, the naira further depreciated to N1,593…
LAGOS JULY 24TH (NEWSRANGERS)-NNPC Group Chief Executive Officer, Mele Kyari, says he does not own a blending plant in Malta, adding that he does not know of any employee of the Nigerian National Petroleum Company Limited who owns such a facility in the island country in Europe. Kyari, in a Tuesday post on X (formerly…
LAGOS JULY 24TH (NEWSRANGERS)-The President of the African Development Bank (AfDB), Nigeria’s Akinwumi Adesina, yesterday waded into the ongoing public squabble between the President of the Dangote Industries Limited (DIL), Alhaji Aliko Dangote and the management of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Expressing his opinion on the matter, Adesina described the…