LAGOS MARCH 7TH (NEWSRANGERS)-A former Google software engineer has been charged by the US with stealing trade secrets about artificial intelligence (AI) while secretly working for two Chinese companies. Linwei Ding, also known as Leon Ding, was indicted in California on four charges and arrested on Wednesday. The Chinese national allegedly stole more than 500…
LAGOS MARCH 7TH (NEWSRANGERS)-Nigerian Ports Authority (NPA) has disclosed that it recorded unprecedented revenue generation and remittances to the Consolidated Revenue Fund (CRF) of the Federation last year, as its revenue grew from N361 billion in 2022, to N501 billion as of December 2023. NPA said its remittances increased from N93.4 billion in 2022, to…
LAGOS MARCH 6TH (NEWSRANGERS)-The Congress of Nigerian Maritime Media Practitioners – CONMMEP has expressed shock that despite Nigeria’s amazing natural endowments and potentials, the country is still struggling in every sector of the economy most especially, the maritime. According to the various publications and information that have put the annual worth of trade within…
LAGOS MARCH 6TH (NEWSRANGERS)-The Manufacturers Association of Nigeria has said that 767 manufacturers shut down operations while 335 became distressed in 2023. This came against the backdrop of exchange rate volatility, rising inflation and other economic challenges that have worsened the investment climate. MAN stated this in a statement in which it condemned the recently…
LAGOS MARCH 6TH (NEWSRANGERS)-The Nigerian Maritime Administration and Safety Agency (NIMASA) has signed a Memorandum of Understanding (MoU) with Sternula Denmark on full-scale Very High Frequency (VHF) Data Exchange System (VDES) space capabilities between the Agency and Sternula. The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA Dr Bashir Jamoh, OFR, who signed on…
bia S LAGOS MARCH 6TH (NEWSRANGERS)-Abia Governor, Dr Alex Otti, has announced plans to establish a seaport in the state. The project will be located in Owazza, Ụkwa East LGA Abia state. The Obidient governor made this announcement at the ongoing South-East Security Summit in Owerri, Imo state. He also announced that the flag off…
LAGOS MARCH 6TH (NEWSRANGERS)-The Bank of Ghana on Monday announced the suspension of the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN). The suspension, effective 18 March, will run for one month. According to a statement by the Ghanaian central bank, the suspension is in accordance with…
LAGOS MARCH 6TH (NEWSRANGERS)-Binance, a leading cryptocurrency exchange, has announced its decision to cease operations in Nigeria due to regulatory challenges with the federal government and the Central Bank of Nigeria (CBN) regarding foreign exchange regulations. Customers have been given until March 8, 2024, to withdraw their funds, following the halt of naira deposits starting…