Business | NEWS RANGERS

Naira Massively Appreciates In Against Dollar Amid Nationwide Protest

LAGOS AUGUST 2ND (NEWSRANGERS)-The Naira continued to appreciate against the dollar at the foreign exchange market despite the ongoing nationwide protest against bad governance. This came as the Naira appreciated significantly in both official and parallel foreign exchange markets. FMDQ data showed that Naira significantly appreciated to N1570.00 against the dollar on Thursday from N1608.73 […]

Aug 2 2024 | Posted in Business,National | Read More »

MTN Closes Stores, Service Centres Nationwide Over SIM Blocking Outrage

LAGOS JULY 30TH (NEWSRNAGERS)-Telecoms giant, MTN, has shut all its stores and service centres across Nigeria. This was coming on the heels of an outrage by some of its subscribers across the country after the network provider barred their lines on Sunday. In a viral video on social media Monday, a mob is seen destroying […]

Jul 30 2024 | Posted in Business,National | Read More »

Protests Erupt At MTN Offices Across Nigeria Over Mass SIM Card Blockage

LAGOS JULY 30TH (NEWSRANGERS)-Thousands of Nigerians woke up on Sunday to find their SIM cards barred by MTN Group Limited, sparking widespread outrage. The telecommunications giant claimed that the affected subscribers had failed to link their National Identification Number (NIN) with their SIM cards. In response, scores of disgruntled subscribers stormed MTN offices in major […]

Jul 30 2024 | Posted in Business,National | Read More »

NCC Direct Immediate Reactivation Of All Blocked Telephone Lines

LAGOS JULY 29TH (NEWSRANGERS)-The Nigerian Communications Commission has directed telecommunications operators to immediately restore all blocked phone lines due to non-linkage of National Identification Numbers to SIM cards. This directive was disclosed in a statement on Monday by the Director of Media and Public Affairs, Reuben Muoka. The telecom industry regulator explained that this directive […]

Jul 29 2024 | Posted in Business,National | Read More »

Pace Setting Fidelity Bank MD, Nneka Onyeali-Ikpe Marks 60

LAGOS JULY 29TH (NEWSRANGERS)-There is tremendous excitement in the air as the first female Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe clocked 60 years on Sunday July 28, given her outstanding performance in the nation’s financial services sector that had earned her respect amongst banks’ top CEOs. Besides leading […]

Jul 29 2024 | Posted in Business,National | Read More »

Naira Crosses N1,603.80 Mark To The Dollar At Official FX Market

LAGOS JULY 26TH (NEWSRANGERS)-The naira crossed the N1,600 mark against the dollar at the official foreign exchange market on Thursday. FMDQ data on Thursday showed that the naira depreciated to N1,603.80 per dollar on Thursday from N1,586.71 traded on Wednesday, recording a N17 loss. Similarly, at the black market, the naira further depreciated to N1,593 […]

Jul 26 2024 | Posted in Business,National | Read More »

Kyari Asks Dangote To Name NNPC Officials Who Own Blending Plant In Malta

LAGOS JULY 24TH (NEWSRANGERS)-NNPC Group Chief Executive Officer, Mele Kyari, says he does not own a blending plant in Malta, adding that he does not know of any employee of the Nigerian National Petroleum Company Limited who owns such a facility in the island country in Europe. Kyari, in a Tuesday post on X (formerly […]

Jul 24 2024 | Posted in Business,National | Read More »

Disparaging Dangote Will Create Bad Name For Nigeria Globally-Adesina

LAGOS JULY 24TH (NEWSRANGERS)-The President of the African Development Bank (AfDB), Nigeria’s Akinwumi Adesina, yesterday waded into the ongoing public squabble between the President of the Dangote Industries Limited (DIL), Alhaji Aliko Dangote and the management of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Expressing his opinion on the matter, Adesina described the […]

Jul 24 2024 | Posted in Business,National | Read More »

Debt: Court Orders Sale Of Arik Air’s Aircraft, Hangars, Other Movable Assets

LAGOS JULY 23RD (NEWSRANGERS)-An Abuja High Court has issued a major ruling mandating the sale of aircraft, hangars, and other movable assets owned by Arik Air Limited. Specifically,the court directed sale of the aircraft with the registration numbers B737-700/5N-MJF, B737-800/5N-MJQ, DASH8-Q400, and 5N-BKX. This decision comes as a result of the airline’s substantial outstanding debts […]

Jul 23 2024 | Posted in Business,National | Read More »

Dangote Opens Up, Accuses Some NNPC Staff, Oil Traders For Owning Blending Plant In Europe

LAGOS JULY 23RD (NEWSRNAGERS)-Africa’s richest man Aliko Dangote says some staff members of the Nigerian National Petroleum Company (NNPC) Limited and oil traders operate a blending plant in Malta, an island country in Europe. Dangote stated this over the weekend when he received the leadership of the House led by Speaker Tajudeen Abbas and his […]