Crypto Usage Grows Further In Nigeria As Country Grapples Weakening Currency, Soaring Inflation

LAGOS SEPTEMBER 20TH (NEWSRANGERS)-Cryptocurrency usage is growing in Nigeria as Africa’s largest economy grapples with a weakening currency and soaring inflation, New York-based blockchain research firm Chainalysis said in a report on Tuesday. Nigeria’s volume of crypto transactions grew 9% year-over-year to $56.7 billion between July 2022 and June 2023. In Uganda, crypto use is…

Read More

Customs Slash Checkpoints From Seme To Mile 2 From Sixty To Three For Easy Business

  LAGOS SEPTEMBER 15TH (NEWSRANGERS)-The Nigeria Customs Service has said it has reduced the number of checkpoints in the corridor along the Seme border to Mile 2 from sixty to three, for ease of business. The Acting Comptroller-General, Bashir Adeniyi, revealed this during his opening remark at the National Trade Facilitation Committee, NTFC, stakeholders retreat…

Read More

Peter Obi Feliciates Alex Okosi On His Appointment As The MD Of Google Africa

LAGOS SEPTEMBER 14TH (NEWSRANGERS)-Peter Obi, the presidential candidate of Labour Party in the 2023 general elections has taken to Twitter to celebrate Alex Okosi.  This followed Okosi’s appointment as the Managing Director of Google Africa.  In a Twitter post, Obi wrote: “I sincerely rejoice with Alex Okosi, a Nigerian who was recently appointed as the…

Read More

How True Is It That CBN Plans To Re-Dominate Naira To Exchange  $1 For N1.25?

LAGOS SEPTEMBER 14TH (NEWSRANGERS)-A viral message suggests that the Central Bank of Nigeria (CBN), under the directive of President Bola Ahmed Tinubu, plans to re-denominate the Naira by removing two zeroes or shifting two decimal points, accompanied by a transition period during which both old and new Naira would coexist. How true is this claim?…

Read More

U.S. Chamber Of Commerce To Hosts Nigerian President Tinubu For NASDAQ Bell Ringing

LAGOS  SEPTEMBER 11TH (NEWSRANGERS)-The U.S. Chamber of Commerce’s U.S.-Africa Business Center will host Nigerian President Bola Tinubu to ring the NASDAQ closing bell on Wednesday, September 20, 2023 at the NASDAQ world  headquarters. .   Press statement made available to NewsRangers via email disclosed that the U.S. Chamber’s bell ringing ceremony with President Tinubu would…

Read More

US Justice Dept. Sues Google Over Abuse Of Power On Online Search Services

LAGOS SEPTEMBER 11TH (NEWSRANGERS)-A federal judge will start hearing claims this week from the Justice Department and a group of states that Google abused its power as a monopoly over online search services. Google is synonymous with looking for information online and has leveraged its massively successful search tool to build a giant business spanning…

Read More