LAGOS MARCH 1ST (NEWSRANGERS)-Wema Bank, Nigeria’s foremost innovative bank and Africa’s first fully digital bank, ALAT, has been recognised as the member of the month by the Fintech Association of Nigeria for its outstanding contributions to the fintech and innovation ecosystem. The Fintech Association of Nigeria [FinTech NGR] is a non-profit and non-political organisation established…
LAGOS FEBRUARY 29TH (NEWSRANGERS)- – Two senior executives at Binance have been detained in Nigeria as the country cracks down on cryptocurrency exchanges, the Financial Times reported on Wednesday, citing people familiar with the matter. The executives flew to Nigeria following the country’s decision to ban several cryptocurrency trading websites last week but they were…
LAGOS FEBRUARY 28TH (NEWSRANGERS)-An intense lobbying is ongoing at the highest hierarchy of the Nigerian government as powerful government officials attempt to cover up a multi-billion naira corruption scandal involving senior officials of the Nigerian Customs Service (NCS), PREMIUM TIMES has gathered. At least 40 NCS personnel, most of them in the service’s highest hierarchy,…
LAGOS FEBRUARY 28TH (NEWSRANGERS)-Governor of the Central Bank of Nigeria, Olayemi Cardoso, has disclosed that more than $26bn was channelled through a cryptocurrency platform, Binance, in the last one year. Cardoso disclosed this on Tuesday at a press briefing after the 293rd meeting of the Monetary Policy Committee in Abuja. The Binance exchange is a…
LAGOS FEBRUARY 26TH (NEWSRANGERS)-The unruly behaviours of intending beneficiaries of the sales of seized rice in Lagos on Friday, February 23rd, 2024 which unfortunately led to a number of death of innocent Nigerians, has made the Nigeria Customs Service to suspend the exercise indefinitely. Announcing the decision to halt the noble exercise in which about…
LAGOS FEBRUARY 25TH (NEWSRANGERS)-Amid the free fall of the naira to the United States dollar, traders who deal in grains have devised a way to sell their wares to neighbouring countries for higher profits, Sunday PUNCH has learnt. Many of them, who spoke to our correspondents, claimed that they preferred to sell their wares to…
LAGOS FEBRUARY 25TH (NEWSRANGERS)-Africa’s richest man and Chairman of Dangote Group, Aliko Dangote is feeling the heat of Nigeria’s economic crisis with his net worth shedding $1.1bn or the equivalent of N1.88tn (N1,665.5/$). The billionaire’s misfortune is coming one week after he earned a whopping $144m, an equivalent of N221.46bn (N1,537.9/$) in a single day….
LAGOS FEBRUARY 25TH (NEWSRANGERS)-The Nigeria Customs Service says it is investigating reports people were trampled to death during a sale of bags of confiscated rice amid growing anger over skyrocketing prices of food in Africa’s most populous country. “There was a chaotic situation caused by the impatience of people to follow the laid down procedures…