LAGOS MARCH 14TH (NEWSRANGERS)-Nigeria wants Binance to give information regarding its top 100 users in the country and all transaction history spanning the past six months, the Financial Times reported on Tuesday. The demand comes as Nigeria’s detention of Binance’s compliance head and Africa region manager moves into a third week. Binance’s Tigran Gambaryan and…
LAGOS MARCH 14TH (NEWSRANGERS)-Two senior Binance executives will remain detained in Nigeria at least through a March 20 hearing, according to a Wednesday report from the Wall Street Journal. The two men – American citizen Tigran Gambaryan, Binance’s head of financial crime compliance, and dual U.K.-Kenyan national Nadeem Anjarwalla, the exchange’s regional manager for Africa…
LAGOS MARCH 11TH (NEWSRANGERS)-Nigeria’s rising energy cost and prices of spare parts are threatening haulage business, with operators incurring more losses and struggling to break even. The removal of petrol subsidies and naira devaluation have caused a further surge in prices of vehicle spare parts and diesel, thereby worsening truckers’ woes. BusinessDay findings show…
LAGOS MARCH 11TH (NEWSRANGERS)-The Nigerian Maritime Administration and Safety Agency (NIMASA) said it has opened a maritime museum, which it said is the first in Africa. The museum is located within the new NIMASA head office building in Victoria Island, Lagos. The agency, in a statement issued weekend, affirmed that “all is set for…
LAGOS MARCH 10TH (NEWSRANGERS)-Nigerians living in the commercial city of Nigeria, Lagos, and in the Federal Capital Territory (FCT), Abuja, have lamented the over hundred percent increase in the price of sachet water popularly known as “Pure Water.” Water is an essential product to life. According to Fela Anikulapo Kuti, the late afrobeat musician, in…
LAGOS MARCH 10TH (NEWSRAGERS)-President Bola Tinubu has ordered the Nigeria Customs Service (NCS) to return food items that were confiscated at border communities to owners on the condition that they would be sold in the Nigerian markets. The Comptroller General of Customs, Adewale Adeniyi, disclosed this in Katsina yesterday during an interface with residents of…
LAGOS MARCH 10TH (NEWSRANGERS)-Nigeria has paused a controversial annual levy that would require businesses employing expatriates to pay $15,000 (£12,000) for a director and $10,000 (£8,000) for other workers. President Bola Tinubu imposed the tax over a week ago, but it was met with widespread condemnation. The Ministry of Interior said on X the levy…
LAGOS MARCH 7TH (NEWSRANGERS)-Association of Rights And Welfare Of passengers In Nigeria(ARWPAN) has commended Nigeria businessman, Obi Cubana for providing vehicles to ease the cost of transportation in favour of passengers and their goods in Nigeria. Obi, who launched the transport business last year in Port Harcourt, Rivers state extended it to Abuja to create…