LAGOS JUNE 19TH (NEWSRANGERS)-Oil fell near $64 a barrel as Saudi Arabia and Russia prepared for a clash with allied crude producers over whether to lift output and as China and the U.S. exchanged threats over trade. Futures in New York dropped as much as 2.3 percent, on course for the lowest close since April…
LAGOS JUNE 14TH (NEWSRANGERS)-Italy’s Supreme Court threw out an appeal by Shell and four of its former managers to stymie a trial on alleged corruption in Nigeria, which also sees Eni’s chief on the bench, legal sources said on Wednesday. The long-running graft case revolves around the 2011 purchase by Eni and Shell of Nigeria’s…
LAGOS JUNE 14TH (NEWSRANGERS)-US President Donald Trump on Wednesday accused the Organisation of Petroleum Exporting Countries(OPEC) of driving up oil prices, in a fresh swipe at the cartel’s agreement to cap production. “Oil prices are too high, OPEC is at it again. Not good!” he wrote on Twitter. Oil prices peaked in late May, hitting…
LAGOS JUNE 10TH (NEWSRANGERS)-The Nigeria Communications Commission (NCC) has directed operators in the telecommunication industry to begin data rollover from June 26. This means telecom operators must henceforth add a subscriber’s unused or unfinished data to his/her new or next data subscription. Before this new directive from the NCC, subscribers’ unfinished or unused data subscription…
LAGOS JUNE 2ND(NEWSRANGERS)-Consumer Protection Council (CPC) and the National Association of Telecoms Consumers of Nigeria (NATCOMs) have warned telecoms service providers in the country against hiking the tariff of telecoms services. They spoke against the backdrop of plans by the Central Bank of Nigeria (CBN) to begin the implementation of one of the provisions of…
LAGOS JUNE 1ST (NEWSRANGERS)-Uya Oro youths in Oron Local Government Area of Akwa Ibom State, on Thursday, set a Nigeria Customs Service, NCS, vehicle ablaze over the death of a cyclist and his two passengers. Trouble started when officers of the Nigeria Customs Service chased after a vehicle that was conveying three bags of rice…
LAGOS MAY 16TH (NEWSRANGERS)-Shell Nigeria Gas (SNG) Limited has increased its domestic gas distribution capacity by 150% over the last six months. The increase in capacity will enable the company to distribute more than 100 million standard cubic feet of gas per day (MMscf/d) to businesses in its western operations. A statement signed by Shell…
LAGOS MAY 8TH (NEWSRANGERS)-The Gauteng Province in South Africa has endorsed the African Development Bank’s November 2018 Africa Investment Forum as a world-class initiative that is uniquely positioned to transform the continent’s development landscape. Gauteng Province will host the Bank’s inaugural forum from November 7-9, 2018 at the Sandton Convention Center in Johannesburg. Speaking after…