LAGOS JULY 23RD (NEWSRANGERS)-An Abuja High Court has issued a major ruling mandating the sale of aircraft, hangars, and other movable assets owned by Arik Air Limited. Specifically,the court directed sale of the aircraft with the registration numbers B737-700/5N-MJF, B737-800/5N-MJQ, DASH8-Q400, and 5N-BKX. This decision comes as a result of the airline’s substantial outstanding debts…
LAGOS JULY 15TH (NEWSRNAGERS)-Nigeria’s naira extended its losing streak to a fourth day, slipping to the weakest level since March despite central bank intervention amid seasonal demand for dollars and continuing investor skepticism. The naira stood at 1,563.8 per dollar at its official close on Friday, according to FMDQ. That’s the weakest since March 18,…
LAGOS JANUARY 7TH (NEWSRANGERS)-Illinois saw record recreational cannabis sales of $1.55 billion in 2022, a jump of 12% from the previous year — despite delays in opening new stores and some signs the market had reached a plateau. Monthly sales had flattened out recently around $130 million until the annual holiday increase saw a record…
LAGOS NOVEMBER 28TH (NEWSRANGERS)-The House Committee on Public Petitions has summoned the Comptroller-General of the Nigeria Customs Service (NCS), Col. Hameed Ali (rtd), in connection with the sales of impounded vehicles as scraps by the service. Ali was directed to appear at the House on Tuesday, following his failure to show up last Wednesday. The…
LAGOS MAY 5TH (NEWSRANGERS)-The National Working Committee (NWC) of the All Progressives Congress (APC), has extended the Party’s Sale of Expression of Interest and Nomination Forms for the 2023 General Elections to Tuesday, May 10, 2022. The party announced the development in a statement signed by its National Publicity Secretary, Barr. Felix Morka. “In a…
LAGOS JULY 29TH (NEWSRANGERS)-The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced the discontinuity of forex supplies to the Bureau de Change Operators in the country. The CBN Governor, Godwin Emefiele, announced the end of forex sales and new licence approval after…
LAGOS JULY 29TH (NEWSRANGERS)-Nigeria’s central bank is halting dollar sales to exchange bureaus, saying they have become conduits for graft and illicit flows of money. “It is a huge hemorrhage on our scarce foreign exchange reserves and it cannot continue,” the bank’s governor, Godwin Emefiele, said on Tuesday. The decision by the central bank, which…
LAGOS JANUARY 19TH (NEWSRANGERS)-The attention of the Nigeria Police Force has been drawn to a publication in some sections of the media dated 17th January, 2021 alleging plots by the Inspector-General of Police to sell-off the Nigeria Police Officers’ Mess located at Onikan, Lagos. This was contained in a press statement by the Force Spokesperson,…