LAGOS NOVEMBER 15TH (NEWSRANGERS)-A Nigerian court has charged 26 men with conspiracy to commit a maritime offence and attempting to illegally deal in crude oil after authorities accused their supertanker of sailing in Nigerian waters without authority. The captain is an Indian national while the crew members are from Poland, India, Sri-Lanka and Pakistan, court…
LAGOS NOVEMBER 15TH (NEWSRANGERS)-Nigerians have complained that despite the naira’s gains in the past week, the costs of goods and services remain high. Recall that the naira miraculously recovered to N680/$ after reaching an all-time low of N900/$. Black market traders attributed the sudden improvement to eased demand and increased inflows of FX in…
LAGOS NOVEMBER 14TH (NEWSRANGERS)-Bureau de change operators in Adamawa State are rejecting foreign currencies from customers due to growing uncertainty in the parallel market. Some of the money changers interviewed at Jimeta Modern Market in Yola said they were apprehensive over the sudden and continued crash of the dollar which destabilized the parallel market. The…
LAGOS NOVEMBER 13TH (NEWSRANGERS)-The Honourable Minister Of Transportation, Mu’azu Jaji Sambo had assured Nigerians that the Rail Modernization Programme would connect every state capital in Nigeria. The Honourable Minister gave the assurance while delivering a speech on behalf of Vice President Yemi Osibanjo at the 20th Convocation Ceremony of Igbinedion University, Okada. The Minister…
LAGOS NOVEMBER 11TH (NEWSRANGERS)-An appeals court in Milan on Friday rejected Nigeria’s $1.092 billion compensation request against Italian energy group Eni and Shell in civil proceedings relating to a $1.3 billion oilfield deal. The decision was read out in court. In July, prosecutors had dropped related criminal proceedings, clearing Eni and Shell, as well as…
LAGOS NOVEMBER 10TH (NEWSRANGERS)-The Honourable Minister of Transportation Mu’azu Jaji Sambo joins Nigeria Port Consultative Forum (NPCF) and all maritime stakeholders in mourning the demise of the Chairman, Nigeria Port Consultative Forum (NPCF), Otunba Kunle Folarin, who died few days ago after a brief illness. Reacting to the news of his death in a…
LAGOS NOVEMBER 10TH (NEWSRANGERS)-Without the current subsidy on petrol, the actual importation and retail cost would be at N410 per litre as market conditions take price to thrice of N170 pump price, said the Group Chief Executive Officer of NNPC Limited, Mele Kyari. Daily Trust had reported on Tuesday that marketers are pushing for over…
LAGOS NOVEMBER 10TH (NEWSRANGERS)-The widows of four Nigerian activists executed in 1995 have withdrawn their appeal in a Dutch civil case in which they alleged that oil giant Shell was complicit in the men’s deaths, ending a yearslong legal battle for compensation and an apology. The four widows, Esther Kiobel, Victoria Bera, Blessing Eawo and…