LAGOS MAY 12TH (NEWSRANGERS)-The Dangote Petrolchemicals Refinery has effected another reduction in the ex-gantry price of its Premium Motor Spirit also known as petrol below the publicly announced N835 per litre. Sources confirmed on Monday that the refinery has reduced its price to N825 per litre for its customers, through a rebate of N10 after…
LAGOS APRIL 27TH (NEWSRNAGERS)-A popular liquor joint operator has slumped and d!ed in Oro town, an agrarian community in Odigbo Local Government area of Ondo State. The victim, identified as Orobola Akinduro, was reportedly seen earlier in the day, hale and hearty, attending to her customers. A few hours later, she was said to have…
LAGOS APRIL 22ND (NEWSRANGERS)-Union Bank of Nigeria has rewarded another set of customers in the ongoing Save and Win Palli Promo 4 campaign. Six lucky customers each won a brand-new motorcycle, and 120 additional winners won cash prizes. The third monthly hybrid live draws were transparently conducted at the Bank’s Sabo, Yaba Branch in Lagos…
LAGOS APRIL 30TH (NEWSRANGERS)-Kuda Bank, Moniepoint, OPay and Palmpay have paused account opening for new customers following a directive from the Central Bank of Nigeria. The directive came two days after the EFCC blocked 1,146 bank accounts involved in unauthorised forex dealings. “We’ve temporarily paused new signups on our platform. This means that you’ll…
LAGOS DECEMBER 22ND (NEWSRANGERS)-The House of Representatives on Thursday warned the Point-of-Sales (POS) operators in the country to stop selling naira notes and remove excessive charges to customers nationwide immediately. This is even as the House mandated the Committees on Banking Regulations and Digital and Electronic Banking to invite the Minister of Finance and National…
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 MARCH 15TH (NEWSRAGERS)-Nigerian Breweries Plc has revealed that its business has been heavily impacted by the current cash crunch in the country. In December, the Central Bank of Nigeria (CBN) replaced old N200, N500 and N1,000 notes with news ones, triggering Naira scarcity that has worsened in recent weeks. In an interview with Bloomberg,…
LAGOS JUNE 15TH (NEWSRANGERS)-The usual high patronage of Point of Sale (PoS) services in the country is in reverse trend as bank customers now resort to Automated Teller Machines (ATM) and other channels like online banking, Unstructured Supplementary Service Data (USSD), among others. In the heat of COVID-19, last year, banks and other financial companies…