LAGOS FEBRUARY 4TH (NEWSRANGERS)-Former presidential candidate of the African Democratic Party, ADC and CBN Deputy Governor, Kingsley Moghalu has said the country’s currency, Naira, has become a commodity in the black market. Moghalu also said the current scarcity of the Naira was a way of the currency responding to its smuggling, arbitrage and other forms…
LAGOS FEBRUARY 3RD (NEWSRANGERS)-The Comptroller-General of the Nigeria Customs Service (NCS), Col. Hameed Ali (rtd) has disclosed that the service did not meet its 2022 revenue collection target. He made the disclosure on Thursday in Abuja while fielding questions from newsmen at a briefing to mark the end of a three-day global conference organised by…
LAGOS FEBRUARY 3RD (NEWSRANGERS)-The Federal Government has declared Funtua Inland Dry Port in Katsina State as a port of origin and final destination for import and export of cargoes. This implies that the Inland Dry Port is empowered to operate shipping businesses including clearing and forwarding of cargoes directly from anywhere in the world. The…
LAGOS JANUARY 31ST (NEWSRANGERS)-The Nigeria Data Protection Bureau (NDPB) has commenced investigation into allegations of data breach by Guaranty Trust Bank and Zenith Bank. Babatunde Bamigboye, Head, Legal Enforcement and Regulations of NDPB, said this in a statement issued in Abuja. Mr Bamigboye said the investigations were triggered by allegations of unlawful disclosure of banking…
LAGOS JANUARY 31ST (NEWSRANGERS)-There was pandemonium at the U-Turn Bus stop, Abule Ẹgba branch of UBA today , Monday 30,2023 as a result of non availability of cash for customers. It was observed that despite the CBN extension on swap of old notes to the new redesigned notes, the Oliver Alawuba led UBA couldn’t pay customers with…
LAGOS JANUARY 30TH (NEWSRANGERS)-Clearing agents operating at the Lagos Port complex, Apapa has condemned the action the newly appointed Customs Area Controller, Acomptroller Mohammed Auwal of dumping use of scanners and ordering officers of the command to subject all cargoes coming through the seaport to 100 percent examination. Maritime stakeholders said the 100 percent examination…
LAGOS JANUARY 29TH (NEWSRANGERS)-The Central Bank of Nigeria has extended deadline for the swapping of old naira notes till February 10, 2023. The CBN stated this in a release on Sunday. The apex bank said it added a 10-day extension of the deadline from January 31, 2023, to February 10, 2023, to allow for…
LAGOS JANUARY 28TH (NEWSRANGERS)-The UK government will eliminate tariffs on more than 3,000 products it imports from Nigeria in a bid to boost trade with Africa’s largest economy. Nigerian exporters of cocoa, cotton, plantain, flowers, fertilizers, tomatoes, frozen shrimp and sesame seed are among those that will benefit from the new tariff regime outlined in…