LAGOS AUGUST 10TH (NEWSRANGERS)-Judgment day finally came for two Nigerian fraudsters, Tobilola Ibrahim Bakare and Alimi Seun Sikiru as they lost cash and properties in upscale Lekki axis of Lagos to the Federal Government following their arrest and successful prosecution by the Economic and Financial Crimes Commission, EFCC. The forfeited assets include the sums of…
LAGOS MAY 7TH (NEWSRANGERS)-Cryptocurrencies “have no intrinsic value” and people who invest in them should be prepared to lose all their money; Bank of England (BOE) Governor Andrew Bailey said Thursday. Digital currencies like bitcoin, ether and even dogecoin have been on a tear this year; reminding some investors of the 2017 crypto bubble in which…
LAGOS OCTOBER 17TH (NEWSRANGERS)-President Donald Trump suggested Friday he might take drastic action if he loses to Democrat Joe Biden. He might even leave the country, he said. “Running against the worst candidate in the history of presidential politics puts pressure on me,” Trump told supporters at an airport campaign rally in Macon, Georgia. “Could…
LAGOS MARCH 27TH (NEWSRANGERS)-Following the recent news that sporting events are being cancelled in light of the coronavirus (COVID-19) outbreak; Conrad Wiacek, Head of Analysis & Consulting at Sportcal, a GlobalData company, offers his view; “The airline industry is being severely impacted by the COVID-19 outbreak. With many airlines already grounded and looking to make…
LAGOS JANUARY 2ND (NEWSRANGERS)-Investors in Nigerian equities lost about N1.71 trillion in 2019 as a combination of political risk, weak macroeconomic performance and tense global outlook drove the stock market to second consecutive negative performance. The stock market closed yesterday with negative average full-year return of -14.60 per cent for the 2019 trading year, equivalent…
LAGOS NOVEMBER 24TH (NEWSRANGERS)-The embattled Chairman of Air Peace, Mr Allen Onyema, may lose about $14m in his United States bank accounts if his appeal against the charges fails. US agencies have indicted Onyema and the Head of Finance and Administration of Air Peace, Ejiroghene Eghagha, over multiple charges of money laundering and bank fraud…
LAGOS SEPTEMBER 10TH (NEWSRANGERS)-With a daily loss of about 10,000 barrels of oil from its pipelines to crude oil theft, The Shell Petroleum Development Company of Nigeria Limited (SPDC) has cried out for help from government, communities and other stakeholders to stem the incessant attack on oil assets in the Niger Delta. “These are critical…
LAGOS MAY 16TH (NEWSRANGERS)-Mexico’s education ministry cancelled schools in the capital and surrounding areas for Thursday due to a siege of air pollution. Weather conditions at the end of Mexico’s dry season combined with dozens of brushfires burning in and around the city have produced a blanket of smoky haze. The federal Environment Department said…