LAGOS FEBRUARY 21ST (NEWSRANGERS)- Nigeria’s state oil firm said on Tuesday it had spent $5.8 billion on fuel imports since late 2017, as it combats a fuel shortage that has left people queuing for hours at filling stations and hobbled an already-struggling economy. “The corporation’s intervention became necessary following the inability of the major and…
LAGOS FEBRUARY 16TH (NEWSRANGERS)- Nigerian off-grid energy investment company, All On, has announced financial close with three firms for accelerated access to affordable and sustainable energy sources in the Niger Delta. Chief Executive Officer of All On, Dr. Boer Wiebe, announced a follow up to the equity investment made in 2017 to Nigeria Solar Home…
LAGOS FEBRUARY 15TH (NEWSRANGERS)-President of Dangote Group, Aliko Dangote has assured that the Apapa Port Wharf concrete road currently under construction by his company, AG Dangote would be delivered on schedule to save the people and businesses the hassles of the traffic gridlock being experienced now. He gave the assurance yesterday when he visited the…
LAGOS SEPTEMBER 9TH (NEWSRANGERS)-A Customs officer with FOU zone A, identified as Musa M. M. was lucky to have escaped death as he was attacked and threatening life injuries inflicted on him by smugglers while on duty at ldiroko axis, the road linking Nigeria with Republic of Benin. The officer whose hand was seriously butchered…
LAGOS FEBRUARY 9TH (NEWSRANGERS)- As part of its partnership with the Global Fund to Fight AIDS, Tuberculosis and Malaria, the Ecobank Foundation (http://EcobankFoundation.org) is donating US$ 750,000 to the Ministry of Health in Mozambique to help combat malaria in the country. The financial contribution will support a net distribution campaign, while also providing life-saving testing…
LAGOS FEBRUARY 9TH (NEWSRANGERS)-The United Kingdom government, through its export credit agency, UK Export Finance (UKEF), says it will now accept naira payments from Nigerian business owners who make procurement in the UK. The UK department of international trade made this known in a statement sent to newsmen. The statement said the local currency financing…
LAGOS FEBRUARY 9TH (NEWSRANGERS)-Wealthy Nigerians who do not take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) to regularize their tax status, would face serious consequences, the Minister of Finance, Mrs. Kemi Adeosun, has warned. According to her, the Federal Government has compiled data on property, bank accounts, shareholdings and other income sources…
LAGOS FBRUARY 6TH (NEWSRANGERS)-The international tech community is nurturing Africa’s digital ecosystem by supporting skills development, technology adoption and the growth of digital businesses across the continent. Giants like Google and Facebook are leading the effort through direct investment, partnerships and in-market teams in key African markets. Google and Facebook both opened offices in Nigeria…