LAGOS FEBRUARY 2ND (NEWSRANGERS)-The federal government has said that for electricity tariffs to reflect the actual cost of production, some Nigerians might need to pay over 65 per cent of what they are currently paying for a kilowatt/hour of electricity. Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, told Bloomberg that Nigeria’s power…
LAGOS DECEMBER 25TH (NEWSRANGERS)-A court in the United States has sentenced Babatunde Ayeni to 10 years’ imprisonment. Peoples Gazette reports that the court filings from the District Court for the Southern District of Alabama, which it obtained, showed that the court ordered Ayeni to pay approximately $20 million to victims of his scam. According…
LAGOS DECEMBER 15TH (NEWSRANGERS)-The Central Bank of Nigeria has announced that it will slam a fine of N150m per branch on Deposit Money Banks found guilty of facilitating the illegal flow of mint naira notes to currency hawkers and unscrupulous agents. The apex bank disclosed this in a circular issued on Friday, December 13, 2024,…
LAGOS JULY 4TH (NEWSRANGERS)-A Federal High Court in Abuja has ordered popular Anambra cleric and founder of Living Christ Mission, Rev. Onokogu Hezekiah (also known as Daddy Hezekiah), to pay N10 million to Polaris Bank manager, Hezekiah Duru, for violating his fundamental human rights. The cleric had filed a petition against Duru, accusing him of…
LAGOS JUNE 29TH (NEWSRNAGERS)-Paris Saint-Germain are ready to break the bank to sign Lamine Yamal from Barcelona this summer. The Ligue 1 champions have been admiring the youngster for a while, according to Mundo Deportivo. They were willing to pay a staggering €200 million for Yamal earlier this year. But the offer was turned down…
LAGOS MAY 21ST (NEWSRANGERS)-In what seems to have become a monthly ritual, the Nigerian Breweries Plc has once again announced a hike in the prices of its products that would take effect from April 9, 2024, after it had made similar announcements in February and March 2024. A price review notification the Nigerian Breweries issued…
LAGOS MAY 16TH (NEWSRANGERS)-President Bola Tinubu, his deputy, Kashim Shettima, and other top Nigetian government officials are now to pay access fees at the gates of the airports across the country. This was disclosed to the State House correspondents by the Minister of Aviation and Aerospace Development, Festus Keyamo, after the meeting of the Federal…
LAGOS MAY 7TH (NEWSRAGERS)-The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex bank on Monday disclosed that the levy implementation would start two weeks from today. The circular was directed to all commercial, merchant, non-interest, and payment service banks,…