LAGOS JUNE 12TH (NEWSRANGERS)-The Vice President for Agriculture, the Human and Social Development at the African Development Bank (AfDB), Dr. Jennifer Blanke, has resigned her position. The bank’s Communications and External Relations Department made this known in a statement yesterday, saying Blanke’s resignation would take effect July 4, 2020. She was quoted as saying: “I…
In an interview, Austin Avuru, CEO, Seplat Petroleum Development Company, speaks on the impact of Covid-19 and falling oil prices on Nigeria’s economy. How is Nigeria’s oil and gas industry faring in the face of the current pandemic? AUSTIN AVURU : The combination of the current pandemic and the rapid decline in demand for crude oil…
LAGOS JUNE 8TH (NEWSRANGERS)-Folasade Tinubu-Ojo, the daughter of National Leader of the All Progressive Congress(APC)Asiwaju Bola Ahmed Tinubu who is also the Iyaloja General of Lagos has shut down Nigeria’s equivalent of the silicon valley, the Computer Village, which is the hub of ICT accessories in Nigeria. She gave her aides the order, who invaded…
LAGOS JUNE 5TH (NEWSRANGERS)-The African Development Bank on Thursday launched an independent inquiry into allegations of embezzlement and preferential treatment against its embattled president Akinwumi Adesina, who is seeking re-election in August, its board of governors said. The investigation into Adesina, a former Nigerian minister for agriculture, follows calls for a probe by Washington, and…
LAGOS JUNE 5TH (NEWSRANGERS)-The Vice President, Pan African Chamber of Commerce and Industry, Prince Adetokunbo Kayode, has said the American Treasury Department is mistaken about its call for a fresh probe of the President of the African Development Bank, Dr. Akinwumi Adesina, calling for engagement with Washington on the issue. The chamber leader in a…
LAGOS JUNE 4TH (NEWSRANGERS)-Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts and recovery from the coronavirus pandemic will spur fuel demand. Brent crude futures for August rose 43 cents, or 1.1 per cent, at $40 a barrel, by 0252…
LAGOS JUNE 1ST (NEWSRANGERS)-China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. Large volume state purchases of U.S. corn and cotton have also been put on hold,…
LAGOS MAY 31ST (NEWSRANGERS)-About 50 journalists working with Microsoft are set to lose their jobs, as the American multinational tech giant reportedly moves to replace them with robots. According to local media reports, those affected are contract employees working as curators for the company’s news website, MSN. They perform functions such as selection of stories,…