LAGOS FEBRUARY 14TH (NEWSRANGERS)-Nigeria’s oil production could drop by 35 percent in the next ten years as regulatory uncertainty and costs amid languishing oil prices may prompt oil majors to postpone final investment decisions on three major deepwater projects, consultancy Wood Mackenzie told Reuters on Thursday. OPEC member Nigeria is the largest oil producer in…
LAGOS FEBRUARY 13TH (NEWSRANGERS)-The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari has expressed disappointment with the state of power generation in Nigeria. Speaking at the Nigeria International Petroleum Summit which provided opportunity for the signing of a $1.1 million grant between Nigeria and the United States Trade and Development Agency (USTDA) as part-funding for…
LAGOS FEBRUARY 11TH (NEWSRANGERS)-The Standards Organisation of Nigeria (SON) has sealed 13 steel factories across the nation for standards infractions. The SON task force on steel Chairman, Mr Enebi Onucheyo disclosed to newsmen on Monday in Lagos. Onucheyo said the companies located in Lagos, Ogun, Osun, Abia and Edo States were shut until further notice…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-The president of the African Development Bank Akinwumi Adesina is expected in the Ethiopian capital for the African Union’s 33rd Assembly of Heads of State and Government. The summit runs from 8-10 February 2020 under the theme: Silencing the Guns: Creating Conducive Conditions for Africa’s Development. Adesina will arrive in Addis Ababa with…
LAGOS FEBRUARY 5TH (NEWSRANGERS)-It was no longer business as usual around the Apapa ports, in Lagos, as clearing agents, dockworkers and other businessmen found it difficult to access the seaports due to the recent ban placed on commercial motorcycles popularly known as Okada along the axis. Dockworkers, who spoke to The Guardian yesterday, condemned the…
LAGOS FEBRUARY 4TH (NEWSRANGERS)-The Murtala Muhammed International Airport Command of the Nigeria Customs Service (NCS) has intercepted $8,065,615 at the airport. NCS Comptroller-General, Hameed Ali, said on Tuesday at a press conference that the cash was stashed in six Bagco bags in a coaster bus parked at the airport ready to be loaded into an…
LAGOS FEBRUARY 4TH (NEWSRANGERS)-The international oil benchmark, Brent crude, plummeted to its lowest level in more than a year on Monday, trading below the Federal Government’s benchmark for the 2020 budget, as the coronavirus outbreak hit fuel demand in China. The 2020 budget, which was signed by the President, Major General Muhammadu Buhari (retd.), in…
LAGOS FEBRUARY 4TH (NEWSRANGERS)-A Boeing 767 with 136 people on board has safely made an emergency landing in Madrid after circling an airport for four hours with a faulty engine and a burst tyre. The Air Canada flight to Toronto contacted air traffic control about the problems 30 minutes after taking off from the Madrid-Barajas…