LAGOS DECEMBER 5TH (NEWSRANGERS)-The Naira, on Monday, depreciated to N1,170 per dollar in the parallel market from N1,166 per dollar last week Friday. However, the Naira appreciated to N837.77 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N837.77 per dollar from…
LAGOS DECEMBER 5TH (NEWSRANGERS)-Fintech company, Opay, has been down for over an hour as Nigerians cannot send money through its app on Monday evening. This is even as Nigerians have gone to various social media platforms to express their fears. A social media user, @8jagistplug tweeted: “I no understand weytin Opay Dey do this night…
LAGOS DECEMBER 2ND (NEWSRANGERS)-Bank customers have said that they are unable to withdraw their deposits for transaction in yuletide season in Ondo State, as the banks have slashed their withdrawal limits across the state. Investigation revealed that many customers could not withdraw the amount they needed over the counter due to a lack of adequate…
LAGOS NOVEMBER 30TH (NEWSRANGERS)-The Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited, Malam Mele Kyari has humbly appealed to stakeholders, Nigerians and all parties concerned to refrain from issuing congratulatory messages on his reappointment. Kyari in a statement signed by Chief Corporate Communications Officer NNPC Limited, Olufemi O. Soneye made available…
LAGOS NOVEMBER 28TH (NEWSRANGERS)-The presidential candidate of the Labour Party and the former Governor of Anambra State, Mr. Peter Obi, has described Africa as the right continent for trade and investment. Obi made this remark on Monday while speaking at the opening of the two-day Commonwealth Trade and Investment Summit in London that started…
LAGOS NOVEMBER 27TH (NEWSRANGERS)-The delay in generating call-up tickets for truckers to access Apapa ports for dropping off empty containers and picking up laden goods has been fuelling ticket racketeering at the port. In the past, it used to take two to three days for truckers that entered the Lilypond Terminal in Ijora, which is…
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…