LAGOS OCTOBER 2ND (NEWSRANGERS)-As Nigeria celebrates 59th Independence Day anniversary, an indigenous company has said that it is intensifying efforts to begin assembling solar-powered cars by 2020. Mr Moses Onaja, Chief Executive Officer, Sun Energy Community Development Initiative, made the disclosure on Tuesday during an exhibition of solar products in Ibadan. The News Agency of…
LAGOS SEPTEMBER 21ST (NEWSRANGERS)-Due to the closure of Nigeria’s borders with Benin Republic, rice smugglers are seeking out more devious ways of importing the product into the country. National Coordinator of the Institute of Chartered Economists of Nigeria, Dr Oladapo Ganiyu, while speaking with SaharaReporters said that people have resulted to fitting bags of rice…
LAGOS SEPTEMBER 19TH (NEWSRANGERS)-The Incorporated Trustees of Digital Rights Lawyers Initiative has sued the Advertising Practitioners Council of Nigeria over the latter’s planned regulation of Internet advertisements. In a suit filed before the Federal High Court in Lagos by two lawyers, Solomon Okedara and Olumide Babalola, DRLI is seeking a court declaration that APCON lacks…
LAGOS SEPTEMBER 18TH (NEWSRANGERS)-The Manufacturers Association of Nigeria (MAN) has lauded the constitution of an Economic Advisory Council (EAC) by President Muhammadu Buhari. In a statement on Tuesday by its Director-General, Segun Ajayi-Kadir, MAN described the news of the formation of the council as “timely and commendable”. President Buhari had set up the Council chaired…
LAGOS SEPTEMBER 18TH (NEWSRANGERS)-The Managing Director and Chief Executive Officer, Heritage Energy Operational Services Limited, operator of OML30 asset, Mr. Naeem-Atiq Sadiq has said the company was enjoying good working relationship with the 112 host communities in OML30, Delta State. Sadiq spoke when the Managing Director of Delta State Oil Producing Area Development Commission, DESOPADEC,…
LAGOS SEPTEMBER 17TH (NEWSRANGERS)-Oil prices dropped sharply on Tuesday after a top Saudi Arabian source told Reuters production could be fully back on line within weeks, quicker than initially thought following weekend attacks that cut halved the kingdom’s output. Saturday’s attacks raised the specter of a major supply shock in a market that in recent…
LAGOS SEPTEMBER 16TH (NEWSRANGERS)-MultiChoice recently reduced the price of DStv in various African countries, including Uganda, Kenya, Tanzania, and Mozambique. MultiChoice said the monthly DStv subscription fees were reduced to make the service more competitive against streaming services. The price cuts, however, were not the same in all countries, as each country has different cost…
LAGOS SEPTEMBER 16TH (NEWSRANGERS)-The dollar fell while safe havens and currencies of oil-producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged nearly a fifth at one point following the strikes on two plants, including the world’s biggest petroleum…