LAGOS APRIL 17TH (NEWSRANGERS)-Shell Nigeria Exploration and Production Company (SNEPCo) has been named Major Oil Company of the Year for last year by a Nigerian publication, Energy Times in recognition of its contributions to deep-water oil and gas development and the industry generally. Energy Times also awarded the title of Amazon of Nigeria’s Oil Sector…
LAGOS APRIL 15TH (NEWSRANGERS)-Shell Nigeria Exploration and Production Company Ltd (SNEPCo,) one of the sponsors of the Oloibiri Lecture Series and Energy Forum (OLEF) has commended it as a platform for driving change in Nigeria’s energy sector through the discussions that centre on business performance, cost discipline and process simplification. “This event is special to…
LAGOS APRIL 13TH (NEWSRANGERS)-The House of Representatives Committee on Customs and Excise has vowed to investigate the alleged diversion of imported finished goods to FreeTrade Zones (FTZs) from other ports by unscrupulous Customs Licence Clearing and Forwarding agents in connivance with bad eggs in the Nigeria Customs Service (NCS) and other agencies. Chairman of the…
LAGOS APRIL 13TH (NEWSRNAGERS)-On his birthday, Nigerian business mogul and Africa’s richest man, Aliko Dangote’s net worth has increased again. According to data from Forbes, Dangote’s wealth jumped by $6 million ( over N9.53 billion) on Thursday, April 10. Dangote is now worth $23.5 billion and ranks as the 80th richest man in the world,…
LAGOS APRIL 11TH (NEWSRANGERS)- In a bold move that resets the rules of engagement in the Nigerian banking sector, Sterling Bank has removed transfer fees on its digital banking platform, OneBank. This decisive move makes Sterling the first major Nigerian bank to forgo earning a cut from customer transactions on its own app. The initiative…
LAGOS APRIL 11TH (NEWSRANGERS)-The Nigerian Electricity Regulatory Commission (NERC) has sanctioned eight power distribution companies (DisCos) for noncompliance with the capping of estimated bills for unmetered customers. A statement yesterday, NERC indicated that the affected DisCos are Abuja, Eko, Enugu, Ikeja, NERC said the companies overbilled customers in violation of energy caps set by the…
LAGOS APRIL 11TH (NEWSRANGERS)-Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-depot (gantry) loading cost of petrol to ₦867 per litre. It was gathered that the $20bn refinery informed its marketers and customers of the slash on Thursday. An official at the refinery confirmed the price reduction from ₦880 to ₦867 per litre to Channels…
LAGOS APRIL 6TH (NEWSRANGERS)- The new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr. Mele Kyari. In a brief handover ceremony held at the NNPC Towers on Friday, the GCEO commended Kyari for his contributions to…