LAGOS JANUARY 9TH (NEWSRANGERS)-Dangote Group, controlled by billionaire Aliko Dangote, slammed a visit to its Lagos offices last week by Nigeria’s anti-graft commission and said the move was aimed at causing embarrassment. “No accusations of wrong doing” have been made against the company, it said in a statement released over the weekend after the Jan….
Some foreign airlines operating in Nigeria on Saturday announced plans to begin the sales of tickets in US dollars, New Telegraph reports. Industry insiders claim that the airlines have promised to sell dollar tickets in order to clear the backlog of monies they have stashed in Nigeria. According to sources, the plan was accepted by…
LAGOS JANUARY 7TH (NEWSRANGERS)-The Federal Government is set to sack the boards of Union Bank Limited and Titan Trust Bank Limited next week in a move to effectively take over the two financial service institutions, a source with the knowledge of the move told THEWILL on Saturday. The action follows the recommendation of the Special…
LAGOS JANUARY 7TH (NEWSRANGERS)-A raid by Nigerian anti-graft officials on the offices of Dangote Industries Ltd, controlled by billionaire Aliko Dangote, will harm the economy and deter investors, according to the chairman of an influential panel in the country’s parliament. “The raid on Dangote Group is not only very suspicious, but most importantly capable of…
LAGOS JANUARY 5TH (NEWSRANGERS)-One month after the federal government promised to crash the cost of Liquefied Petroleum Gas (LPG), also known as cooking gas, households and businesses are still paying high prices for every kilogram of the commodity. This is because the price has remained on the high side, as investigation by Daily Trust revealed…
LAGOS JANUARY 5TH (NEWSRANGERS)-According to a recent list released by Forbes Magazine, South African Business Mogul, John Rupert has dethroned Nigerian Aliko Dangote to emerge as the richest man in Africa. In the ranking, Johann Rupert & family’s wealth went from $10.7 billion to $10.3 billion to emerge as Africa’s richest man. This saw Aliko…
LAGOS JANUARY 5TH (NEWSRANGERS)-The Maritime Workers Union of Nigeria, MWUN, has threatened to shut the nation’s ports from Tuesday, January 9, over the alleged continued refusal of the International Oil Companies, IOCs, and Stevedoring Contractors to comply with the Stevedoring extant laws. In a statement Wednesday night, the President-General of the union, Prince Adewale Adeyanju,…
LAGOS DECEMBER 30TH (NEWSRANGERS)-A US-based media company, Bloomberg L.P., has predicted a continued decline of the Nigerian naira in 2024, potentially making it the worst-performing currency globally for the second year in a row. Bloomberg’s market analysis reveals a staggering 55% depreciation of the naira this year, reaching about 1,043 to the dollar as of…
