LAGOS MARCH 21ST (NWSRANGERS)-No fewer than 40 leaders in the banking industry in West Africa region will gather in Lagos, Nigeria between the coming 23 -24 April, to discuss efforts aiming to increase financial inclusion across West Africa region by 2020 in the Future Banking Tech West Africa Summit. The first of its kind event…
By Adriano Rioja Ciprian LAGOS MARCH 15TH (NEWSRANGERS)-In yet another landmark reform for its hydrocarbons sector, Angola released in February 2019 a new Presidential Decree detailing the country’s oil licensing strategy for the next six years. Published in February 2019, Presidential Decree No. 52/19 is a continuation of the Lourenço administration’s efforts to incentivize investments…
LAGOS, Nigeria, March 14, 2019/ — Dangote Fertilizer Limited has entered into a long-term agreement with Chevron Nigeria Limited (CNL) for the delivery of Natural Gas from Chevron’s supply portfolio to the fertilizer plant, which is poised to start operations soon. The contract, under the Gas Sale and Aggregation Agreement (GSAA) is part of International…
LAGOS MARCH 6TH (NEWSRANGERS)-Another 120 youth entrepreneurs from seven states of the Niger Delta have been given Shell Nigeria LiveWIRE business training and N48 million by The Shell Petroleum Development Company (SPDC) Joint Venture to begin small-scale businesses in their respective states in the expectation that they will become models for alternative livelihoods as part…
LAGOS FEBRUARY 28TH (NEWSRANGERS)-Nigeria’s dollar-denominated government bonds rose to 5-7 month highs on Wednesday after President Muhammadu Buhari won a second term at the helm of Africa’s largest economy and top oil producer. The country’s longer-dated bonds were up as much as 0.8 cents in the dollar to extend a more than 10 cents rally…
LAGOS FEBRUARY 18TH (NEWSRANGERS)-The nation’s foreign exchange reserves have fallen to $42.86bn, the lowest level in two months, the latest data from the Central Bank of Nigeria showed on Sunday. The reserves, which stood at $43.174bn on January 31, dropped by $314m in two weeks to $42.86bn on February 14. The external reserves had risen…
LAGOS FEBRUARY 16TH (NEWSRANGERS)-Mr Ken Ukaoha, President, National Association of Nigerian Traders (NANTs) says the country will lose more than N140 billion due to the postponement of the general elections. Ukaoha told the News Agency of Nigeria (NAN) in Abuja on Saturday that the postponement would affect the trading sector adversely. He noted that many…
LAGOS FEBRUARY 14TH (NEWSRANGERS)-The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners signed a Final Investment Decision agreement for a 300 million cubic feet of gas on Wednesday in Abuja at a ceremony witnessed by the Managing Director of Total Exploration and Production Nigeria Limited, Mr. Nicholas Terraz and the…