LAGOS MARCH 7TH (NEWSRANGERS)-The price of Automotive Gas Oil, popularly known as diesel, is currently sold at N545 in some fuel stations across Lagos. This is an increase of over 113% from the N225 which the commodity was for sold in January 2021. This was confirmed from findings made by Nairametrics on Saturday across fuel…
LAGOS MARCH 3RD (NEWSRANGERS)-Passengers have been experiencing massive flight disruptions over scarcity of aviation fuel known as Jet A1, Daily Trust report. Apart from the scarcity, the product also hit N440 per litre this week and there are indications the price could increase further in days ahead. Our correspondent learnt that many airlines have been…
LAGOS MARCH 3RD (NEWSRANGERS)-Leading energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners – Nigerian National Petroleum Corporation Limited (NNPC), Totalenergies EP Nigeria Limited, and Nigerian Agip Oil Company (NAOC) – on Wednesday signed an agreement for a daily supply of 70 million standard cubic feet of…
LAGOS FEBRUARY 26TH (NEWSRANGERS)-Organized by PLM Middle East, the 9th Arab Aviation Summit (AAS), the region’s leading aviation industry event, will be held in Ras Al Khaimah from February 28 to March 2, 2022 at Al Hamra International Exhibition & Conference Centre. The ninth edition of the Summit will bring together global experts to discuss the…
LAGOS FEBRUARY 24TH (NEWSRANGERS)-Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply. Russia launched an all-out invasion of Ukraine by land, air and sea in the biggest attack by one state against another…
LAGOS FEBRUARY 24TH (NEWSRANGERS)-Protests by freight forwarders and customs brokers at the Lagos Port, which began at the weekend, may have cost the country over N200 billion as port activities remained paralysed as of yesterday evening. Port expert and President of National Council of Managing Directors of Licensed Customs Agents, Mr. Lucky Amiwero, told New…
LAGOS FEBRUARY 23RD (NEWSRANGERS)-A London high court began to hear a lawsuit on Wednesday launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal. The civil suit filed in the English courts relates to the purchase by energy majors Shell and Eni…
LAGOS FEBRUARY 23RD (NEWSRANGERS)-Fire is currently raging inside the headquarters of the Nigeria’s Federal Ministry of Finance in Abuja. The Ministry’s building located within the Central Business District is also adjacent Federal Secretariat in the nation’s capital. An witness disclosed that operatives of the federal fire service are yet to arrive as at time of…