Business | NEWS RANGERS

Passengers Voice Frustration Over “N250k One-Way Ticket” As Operators Explain Airfare Hike

LAGOS JULY 22ND (NEWSRNAGERS)-Nigerian airline operators have attributed the recent surge in airfares to inflation and foreign exchange volatility. Obiora Okonkwo, COO of United Nigeria Airlines, stated that the current economic challenges are significantly affecting the aviation sector. Domestic airlines have pointed to a stagnant economy and high inflation as primary reasons for the fare […]

Jul 22 2024 | Posted in Business,National | Read More »

NLNG Clarifies Report Of Payment Of $27.5m To FIRS As 2016 Revised Corporate Income Tax

Nigeria LNG Limited (NLNG) has clarification on the report of payment Of $27.5m To FIRS As 2016 Revised Corporate Income Tax. In a statement Re: ‘Tax Tribunal Orders NLGN To pay $27.5m To FIRS As 2016 Revised Corporate Income Tax’ signed by General Manager, External Relations and Sustainable Development, Andy Odeh sighted by NewsRangers, the […]

Jul 19 2024 | Posted in Business,National | Read More »

CONMMEP Hails Dantsoho’s Appointment As NPA Boss, Sets Agenda

LAGOS JULY 19TH (NEWSRNAGERS)-Congress of Nigerian Maritime Media Practitioners- CONMMEP has commended the appointment of Abubakar Dantsoho as the new Managing Director of Nigerian Ports Authority. Dantsoho replaced Muhammed Bello-Koko who held sway as Managing Director of NPA for three years until his untimely removal from office by President Bola Ahmed Tinubu GCFR, last week […]

Jul 19 2024 | Posted in Business,National | Read More »

CBN Dollar Sales Fail To Stop Naira Weakness As Its Slips To Weakest Level Since March

LAGOS JULY 15TH (NEWSRNAGERS)-Nigeria’s naira extended its losing streak to a fourth day, slipping to the weakest level since March despite central bank intervention amid seasonal demand for dollars and continuing investor skepticism. The naira stood at 1,563.8 per dollar at its official close on Friday, according to FMDQ. That’s the weakest since March 18, […]

Jul 15 2024 | Posted in Business,National | Read More »

President Tinubu Fires Bello-Koko As NPA bOSS, Appoints Dantsoho As Replacement

LAGOS JULY 14TH (NEWSRNAGERS)-President Bola Tinubu has sacked Mohammed Bello-Koko as the Managing Director of the Nigeria Ports Authority. No reason was given for the sack. The president has also appointed Abubakar Dantsoho as the new NPA Managing Director. The new helmsman was announced by presidential spokesperson Ajuri Ngelale in a Friday statement. The Nigerian […]

Jul 14 2024 | Posted in Business,National | Read More »

Nigeria Customs Auction Seized Smuggled Petrol For N180 Per Litre

LAGOS JULY 12TH (NEWSRANGERS)-In line with extant laws and the approval of the comptroller-general of customs, Mr Bashir Adeniyi, the Sokoto/Zamfara Command of the Nigeria Customs Service (NCS) has auctioned seized 55,164 litres of Premium Motor Spirit (PMS) within the period under review. The PMS was auctioned to the general public at a token of […]

Jul 12 2024 | Posted in Business,National | Read More »

Hunger: Frog Meat Business Boom In Nigeria

LAGOS JULY 12TH (NEWSRANGERS)-There is a booming frog meat market currently going on in the Kaduna, in Northern part of the country where cartons of prepared frogs meats are packaged and sent from Nigeria to neighbouring states and outside the country. The booming trade is attributed to increased consumption of frog meat in the country […]

Jul 12 2024 | Posted in Business,National | Read More »

Sterling One Foundation, United Nations Nigeria Announce Africa Social Impact Summit (ASIS 3.0) 2024

LAGOS JULY 11TH (NEWSRANGERS)-The official press conference for the Africa Social Impact Summit (ASIS 3.0) 2024, hosted by the Sterling One Foundation and the United Nations Nigeria, was held on Tuesday, July 9th, at the Lagos Oriental Hotel. Present at the press conference were Olapeju Ibekwe, CEO, Sterling One Foundation; Mohammed M. Malick Fall, […]

Jul 11 2024 | Posted in Business,National | Read More »

Fidelity Bank Affirms Industry Leadership with Publication of Its ISSB-Compliant Sustainability Report

LAGOS JULY 8TH (NEWSRNAGERS)-In demonstration of its leadership in the Sustainability space, leading financial institution – Fidelity Bank Plc – has emerged the first bank to publish its 2023 ISSB-Compliant Sustainability and Climate Report in the Nigerian banking industry. Hosted on the bank’s website on 30 June 2024, the report provides insights into the Bank’s […]

Jul 8 2024 | Posted in Business,National | Read More »

AGF Takes Over Prosecution Of Polaris Bank, Staff Over Alleged Diversion Of Customers’s N16.5bn

LAGOS JULY 5TH (NEWSRANGERS)-Polaris Bank Limited, led by Kayode Lawal, is allegedly involved in a fraud worth N16.5 billion. This is as the Attorney-General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi, has taken over the prosecution of the bank and a staff member, Chinenye Duru, for diverting N16.5 billion belonging to a […]

Jul 5 2024 | Posted in Business,National | Read More »