LAGOS JULY 15TH (NEWSRNAGERS)-Nigeria’s naira extended its losing streak to a fourth day, slipping to the weakest level since March despite central bank intervention amid seasonal demand for dollars and continuing investor skepticism. The naira stood at 1,563.8 per dollar at its official close on Friday, according to FMDQ. That’s the weakest since March 18,…
LAGOS JULY 14TH (NEWSRNAGERS)-President Bola Tinubu has sacked Mohammed Bello-Koko as the Managing Director of the Nigeria Ports Authority. No reason was given for the sack. The president has also appointed Abubakar Dantsoho as the new NPA Managing Director. The new helmsman was announced by presidential spokesperson Ajuri Ngelale in a Friday statement. The Nigerian…
LAGOS JULY 12TH (NEWSRANGERS)-In line with extant laws and the approval of the comptroller-general of customs, Mr Bashir Adeniyi, the Sokoto/Zamfara Command of the Nigeria Customs Service (NCS) has auctioned seized 55,164 litres of Premium Motor Spirit (PMS) within the period under review. The PMS was auctioned to the general public at a token of…
LAGOS JULY 12TH (NEWSRANGERS)-There is a booming frog meat market currently going on in the Kaduna, in Northern part of the country where cartons of prepared frogs meats are packaged and sent from Nigeria to neighbouring states and outside the country. The booming trade is attributed to increased consumption of frog meat in the country…
LAGOS JULY 11TH (NEWSRANGERS)-The official press conference for the Africa Social Impact Summit (ASIS 3.0) 2024, hosted by the Sterling One Foundation and the United Nations Nigeria, was held on Tuesday, July 9th, at the Lagos Oriental Hotel. Present at the press conference were Olapeju Ibekwe, CEO, Sterling One Foundation; Mohammed M. Malick Fall,…
LAGOS JULY 8TH (NEWSRNAGERS)-In demonstration of its leadership in the Sustainability space, leading financial institution – Fidelity Bank Plc – has emerged the first bank to publish its 2023 ISSB-Compliant Sustainability and Climate Report in the Nigerian banking industry. Hosted on the bank’s website on 30 June 2024, the report provides insights into the Bank’s…
LAGOS JULY 5TH (NEWSRANGERS)-Polaris Bank Limited, led by Kayode Lawal, is allegedly involved in a fraud worth N16.5 billion. This is as the Attorney-General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi, has taken over the prosecution of the bank and a staff member, Chinenye Duru, for diverting N16.5 billion belonging to a…
LAGOS JULY 3RD (NEWSRANGERS)- Union Bank of Nigeria has announced the promotion of 337 employees across various departments. This significant milestone underscores the bank’s commitment to recognising and rewarding the hard work, dedication and outstanding contributions of its employees. At a recent town hall meeting, the Managing Director/Chief Executive Officer (MD/CEO) of Union Bank, Yetunde…
