LAGOS OCTOBER 3TH (NEWSRANGERS)-Chevron is getting set to Leave Nigeria. Chevron is seeking to sell several Nigerian oilfields as part of a global drive to reshape its portfolio as it focuses on growing its U.S. shale output, banking and industry sources said. Chevron joins rivals including Exxon Mobil and Royal Dutch Shell in a drive…
LAGOS OCTOBER 30TH (NEWSRANGERS)-Africa’s largest oil refinery will deliver its fuels to Nigerian consumers via roads and sea ports and will effectively replace all of Nigeria’s fuel imports once fully operational, a company executive said on Tuesday. The 650,000 barrel per day Dangote oil refinery is under construction in Lagos, the biggest city in the…
LAGOS OCTOBER 28TH (NEWSRANGERS)-About two months ago, the Nigerian government announced the closure of the country’s land borders to all goods. According to the country’s Comptroller-General of the Customs Service, Hameed Ali, this was done to stem the influx of smuggled goods, especially rice and tomatoes, into the country. The border closure is an economic…
LAGOS OCTOBER 23RD (NEWSRANGERS)-The Tolaram Group, maker of Indomie Noodles, is building the biggest port in West Africa on the east side of Lagos with $1bn facility from China, according to the Financial Times. A report in Financial Times on Tuesday said the Singapore-based company was set to close financing this week for what could…
LAGOS OCTOBER 22ND (NEWSRANGERS)-Despite the closure of Nigerian land borders by the federal government in the last three months, smuggling still persists at the border between Nigeria and Niger Republic, THISDAY’s investigation has revealed. THISDAY gathered that at the border between Jibia in Katsina State and Niger Republic, smugglers have resorted to the use of…
LAGOS OCTOBER 22ND (NEWSRANGERS)-In a fast changing world where every company is becoming tech inclined through leveraging on technology in one form or the other, WorldStage Economic Summit (WES) is set to focus its 2019 edition on the theme ‘Getting Nigeria Ready for Challenges of the Fourth Industrial Revolution’. An annual global platform for addressing…
LAGOS OCTOBER 22ND (NEWSRANGERS)-Rice buyers should expect a crash in the commodity’s price to about N9,000 per 50kg bag in three weeks’ time as rice farmers record a bumper harvest. Farmers and millers of rice say they will soon flood the markets with the commodity and drastically cut the price following a bumper harvest. This…
LAGOS OCTOBER 21ST (NEWSRANGERS)-MTN Nigeria yesterday said it will go ahead to charge its customers for Unstructured Supplementary Service Data (USSD) voice or text message which allows them access to bank services via their mobile phones. The telecom said it would start charging its subscribers from today, despite a directive by the Federal Government to…
