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LAGOS NOVEMBER 10TH (NEWSRANGERS)-The widows of four Nigerian activists executed in 1995 have withdrawn their appeal in a Dutch civil case in which they alleged that oil giant Shell was complicit in the men’s deaths, ending a yearslong legal battle for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…
LAGOS NOVEMBER 8TH (NEWSRANGERS)-The Minister of Transportation, Mu’azu Jaji Sambo, has disclosed that the Abuja-Kaduna train service which was halted due to the March 28, 2022, terrorist attack would be reopened for patronage by the general public this November. The Minister stated this earlier today at the second edition of the “PMB Administration Scorecard 2015-2023…
LAGOS NOVEMBER 7TH (NEWSRANGERS)Two miners who spent nine days trapped in a collapsed South Korean zinc mine living on instant coffee powder have been rescued. The men, aged 62 and 56, are believed to have kept warm by lighting a fire and building a tent out of plastic. They are said to be in a…
LAGOS NOVEMBER 5TH (NEWSRANGERS)-Central Bank of Nigeria (CBN) has directed that individuals can only deposit N5million for new accounts and N50million for old accounts in one month. CBN Director of Currency, Ahmed B. Umar,who issued the directive said that individuals will not be allowed to deposit more than N5 million if the transaction involves a…
LAGOS NOVEMBER 4TH (NEWSRANGERS)-The Nigerian Ports Authority (NPA), Thursday, presented operational licenses to five Export Processing Terminal (EPT) operators. The licenced terminals are Messrs. Diamondstar Port & Terminals Ltd; Messrs. Esslibra Terminal; Messrs. Sundial Global Trade & Service Ltd; Messrs. Bellington Cargo Ltd and Messrs. Tenzik Energy Ltd. Speaking at the presentation ceremony, Managing Director/Chief…