LAGOS NOVEMBER 26TH (NEWSRANGERS)-Nigeria’s central bank pledged major changes to get a grip on inflation and steady the country’s battered currency, signaling tighter monetary policy ahead. The Central Bank of Nigeria will switch to inflation targeting instead of trying to control money supply in its battle to slow price increases, Governor Olayemi Cardoso said in…
LAGOS NOVEMBER 19TH (NEWSRANGERS)-The naira gained massively against the dollar on Friday as it closed at N791/dollar at the official market. This has brought some sanity to the market, which has fluctuated for several months now. According to data from the Nigerian Autonomous Foreign Exchange Market, where forex is officially traded, the domestic currency appreciated…
LAGOS NOVEMBER 15TH (NEWSRANGERS)-The Nigerian currency, the naira, gained against the US Dollar on Wednesday despite the country’s soaring inflation rate. According to data from FMDQ, the naira firmed against the Dollar to N818/$1 on Wednesday compared to N850.22/$1 exchanged on Tuesday. The figure represents a N31.23 gain compared to the exchange rate on the…
LAGOS NOVEMBER 15TH (NEWSRANGERS)-The Central Bank of Nigeria has announced its intention to extend the validity of the old N200, N500, and N1,000 noted indefinitely. This is as the apex bank declared its desire to extend the validity of old naira notes beyond any expiry date. According to the bank, it is working with the…
LAGOS NOVEMBER 11TH (NEWSRANGERS)-Nigeria’s currency, the Naira, slumped further against the US Dollar in the foreign exchange markets on Thursday. Data from the official FMDQ market indicated that the Naira closed on Wednesday at 996.75 Naira per US Dollar, reflecting a decrease of 122.01 Naira from the previous day when it traded at 874.71 Naira…
LAGOS NOVEMBER 2ND (NEWSRANGERS)-Ovie Edomi a Journalist with about three decades of journalism practice experience an a PhD holder in Mass Communication specialising in development communication from Babcock University was yesterday elected Chairman of the federated maritime media chapel, FMMC, along with others at the NUJ, Lagos Council’s State-of-the-Art Press Center in Lagos Dr Edomi…
By Yushau Shuaib LAGOS OCTOBER 31ST (NEWSRANGERS)-“Ladies and Gentlemen. This is your Captain speaking. We regret to announce that because of a technical problem, we have to return to Paris for safety and security.”_ That was the announcement made by the Captain of the Abuja-bound Air France flight on Monday, October 23, 2023, that had…
LAGOS OCTOBER 27TH (NEWSRANGERS)-Nigerian commercial bank Fidelity Bank is restricting consumer fund transfers to neobanks, including Moniepoint, Kuda, OPay, and PalmPay, said multiple sources with direct knowledge of the matter. A week ago, a small number of customers first noticed that these neobanks were no longer listed on the list of approved financial institutions on…
