LAGOS JULY 4TH (NEWSRANGERS)-President Muhammadu Buhari has sealed a $475 million bilateral deal with France President Emmanuel Macron to aid a number of infrastructural projects cutting across three states. The initial beneficiaries will include Lagos, Kano and Ogun states. The agreement was sealed while Buhari played host to Macron in Abuja on Tuesday. Lagos aspect…
LAGOS JULY 4TH (NEWSRANGERS)-Forty-nine out of the 55 members of the African Union have signed the African Continental Free Trade Area (AfCFTA) agreement. However, Nigeria and five other countries failed to sign the deal. This was revealed by AU Chairperson and President of Rwanda, Paul Kagame, as he made the announcement in Nouakchott during the…
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…