LAGOS JUNE 24TH (NEWSRANGERS)-Leading financial institution, Fidelity Bank Plc has reaffirmed its commitment to corporate social responsibility with the donation of food and essential items to the Old People’s Home in Yaba, Lagos. The donation was made possible through the generosity of the bank’s Nexus Inductees Class, under its Corporate Social Responsibility initiative known as…
LAGOS JUNE 21ST (NEWSRNAGERS)-A civil society organisation, Vanguard for Probity and Accountability, has alleged massive irregularities in the recently audited account of the Nigerian National Petroleum Company Limited (NNPCL), challenging the company to come clean and shun frivolous lifestyle at the expense of the taxpaying masses. The group further alleged that the NNPCL Board has…
LAGOS JUNE 21ST (NEWSRANGERS)- The latest batch of undergraduates from Nigerian universities have commenced their Student Industrial Work Experience Scheme (SIWES) with Shell Nigeria Exploration and Production Company Limited (SNEPCo,) using the opportunity to acquire practical knowledge and skills in the oil and gas industry. The 28 interns drawn from 17 universities, will serve for six…
LAGOS JUNE 19TH (NEWSRANGERS)-Fidelity Bank Plc (“the Bank”) refers to the recent circular issued by the Central Bank of Nigeria “CBN” (Reference No. BSD/DIR/CON/LAB/018/008) concerning regulatory forbearance on Single Obligor Limit (SOL) and other credit facilities and wishes to provide the clarifications below to its esteemed shareholders, NGX Regulation Limited (NGX RegCo), and other stakeholders:…
LAGOS JUNE 18TH (NEWSRNAGERS)-Electricity Distribution Companies in Nigeria have announced a rise in the price for various electricity meter models, marking the second price hike in four months. According to the DisCos, the cost of a single-phase meter has risen from approximately N117,000 to as much as N149,800. This amount indicates an increase of 28.03…
LAGOS JUNE 18TH (NEWSRNAGERS)-The Murtala Muhammed International Airport Command of the Nigeria Customs Service has refuted allegations of extortion against the GHR Command by an American Returnee, Oke Adhekegba. The command’s Public Relations Officer, Usman Abdul, said in a statement in Lagos on Monday that the Command had commenced a full-scale investigation to establish the…
LAGOS JUNE 18TH (NEWSRNAGERS)-In a significant boost to Nigeria’s crude oil production and export capabilities, leading financial institution Fidelity Bank Plc has facilitated the construction of the country’s first privately built and operated onshore crude export terminal in over 50 years. The terminal, located at the Otakikpo Marginal Field in Rivers State and operated by…
LAGOS JUNE 18TH (NEWSRANGERS)-Fidelity Bank has dismissed reports alleging that its Managing Director (MD) paid N5 billion in bribes to avoid detention by the police. In a statement released on Monday, the bank explained that the MD was asked to sign a N5 billion bail bond as part of a police investigation into a matter…