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,…
LAGOS MAY 6TH (NEWSRANGERS)-A report indicates that the price of liquified petroleum gas (LPG), also known as cooking gas, has crashed. According to a market survey carried out by Legit, dealers have crashed the product’s price to ₦900 per kilogramme from the ₦1,300 it sold weeks ago. LPG dealers have reported improvement in supplies from…
LAGOS MAY 6TH (NEWSRANGERS)-The Naira depreciated by N130 against the United States dollar at the parallel foreign exchange market on Sunday. A Bureau De Change operator, Mistila Dayyabu, disclosed this to the DAILY POST in an interview. He noted that Naira dropped to N1,420 per dollar from N1,290 in less than 48 hours at the…
LAGOS MAY 1ST (NEWSRANGERS)-The Chairman of Dangote Industries Limited, Aliko Dangote has described the floating of naira by President Bola Tinubu’s administration as the biggest mess that affected his company and other business owners in 2023. Floating the naira allows market forces to determine its value in relation to other currencies. Dangote said this on…
LAGOS MAY 1ST (NEWSRANGERS)-A recent report by Statisense has ranked the Nigerian Naira and the Argentine Peso among the top 15 weakest currencies against the U.S. dollar, highlighting ongoing economic challenges in both nations. Naija News reports that this revelation follows a considerable depreciation in the value of the Naira. The currency hit a record…