LAGOS NOVEMBER 9TH (NEWSRANGERS)-The Central Bank of Nigeria has vehemently opposed a suit before the Federal High Court in Lagos praying that the Arabic inscriptions on naira notes be removed. A Lagos-based lawyer, Chief Malcolm Omirhobo, who filed the suit before Justice Mohammed Liman, contended that having Arabic inscriptions on the naira notes portrays Nigeria…
LAGOS JULY 25TH (NEWSRANGERS)-The Naira on Friday weakened marginally against the dollar at both the parallel market in Lagos and the investor’s window. The Nigerian currency traded at N472.5 to the dollar at the parallel market, down by 0.5 points from N472 exchanged on Thursday. The Pound Sterling and the Euro closed at N582 and…
LAGOS MAY 16TH (NEWSRANGERS)-The Naira has weakened today at the parallel market (popularly known as Black Market) as it trades at N454 to $1. The development could be attributed to the high demand for the dollar by foreign investors and business owners, whose with dollar payment obligations have accumulated amid a shortage of the currency….
LAGOS MAY 4TH (NEWSRANGERS)- The Vice Presidential Candidate of the Peoples Democratic Party (PDP) in the 2019 elections, Mr. Peter Obi, over the weekend made donations worth millions of naira in cash and items to Nnamdi Azikiwe University Teaching Hospital (NAUTH), Nnewi, to help them, as an isolation centre, to strengthen their ability to combat…