Category archives for: Business

Another Multinational Exits Nigeria, Sells Company For $1bn

LAGOS DECEMBER 3RD (NEWSRANGERS)-After roughly 65 years of operations in Nigeria, Swiss cement and other building materials’ maker, Holcim, on Sunday announced that it was set to leave the country. The company said in a brief statement that it will exit its Nigerian business through the sale of its almost 84 per cent stake in […]

Peter Obi Seeks Transparency As Port Harcourt Refinery Commences Production

LAGOS NOVEMBER 27TH (NEWSRANGERS)-The presidential candidate of the Labour Party in the 2023 general election, Peter Obi, has called on the Nigerian National Petroleum Corporation Limited to ensure transparency and accountability in the operations of the newly launched Port Harcourt Refinery. After several postponements, the Port Harcourt refinery finally commenced fuel production on Tuesday. The […]

CREDICORP Kicks Off  “S.C.A.L.E.” Bold Step Towards Supporting Nigeria Enterprise

LAGOS NOVEMBER 20TH (NEWSRANGERS)-The Nigerian Consumer Credit Corporation (CREDICORP) has kicked off its Project S.C.A.L.E. (Securing Consumer Access for Local Enterprises), a transformative initiative to accelerate growth of Nigeria’s local industries by providing consumer credit to Nigerians specifically for purchase of goods and services of local vendors and manufacturers. This is a part of President […]

Nigeria’s Economic  Reforms Not Working — IMF Report Revealed

LAGOS NOVEMBER 17TH (NEWSRANGERS)-The latest International Monetary Fund (IMF) report on the economic outlook for sub-Saharan Africa has indicated that Nigeria’s ongoing economic reforms are struggling to deliver meaningful results, even 18 months after their implementation. The report, presented on Friday at the Lagos Business School (LBS) by IMF Deputy Director Catherine Patillo, highlighted a […]

SNEPCo MD Pledges Sustained Efforts Towards Energy Security As Shell, Staff Win Awards

LAGOS NOVEMBER 16TH (NEWSRANGERS)-Shell companies in Nigeria and staff won awards in recognition of their robust participation at the 42nd Annual International Conference and Exhibition of the National Association of Petroleum Explorationists (NAPE) which ended in Lagos last night. This was as the Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo) Ronald Adams […]

NNPCL Revives Crude Oil, Gas Production To 1.8m Barrels Per Day

 LAGOS NOVEMBER 14TH (NEWSRANGERS)-The Nigerian National Petroleum Company Limited (NNPC Ltd) and its partners have revived up crude oil and gas production to 1.8million barrels per day (mbpd) and 7.4standard cubic feet per day (scfd). The company which announced this at a press briefing on Thursday said the feat was achieved in compliance with the […]

30 Job Titles Fetching Over N1m  Monthly Salary In Nigeria

LAGOS OCTOBER 28TH (NEWSRANGERS)-Report indicates that the job title of Senior Software Engineer and 29 others within Nigeria’s workforce typically attract monthly gross salaries of N1,000,000 or more. This is extrapolated from a report titled: Nigerian workplace report 2024 based on a survey conducted by Intelpoint in collaboration with Alt School conducted between December 2023 […]

Naira Slumps To N1,740/$ In Parallel Market

LAGOS OCTOBER 25TH (NEWSRANGERS)-The Naira  today depreciated to N1,740 per dollar in the parallel market from N1,739 per dollar on Thursday. However, the Naira appreciated to N1,601.2 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell  to N1,600 per dollar from N1,601.2 […]

NNPC Retail Sensitizes Over 1,000 Auto Mechanics On CNG Adoption, Oleum Lubricant Range

LAGOS OCTOBER 20TH (NEWSRANGERS)-As part of its efforts to accelerate the adoption of Compressed Natural Gas (CNG) as a cleaner and more affordable fuel alternative in Nigeria, NNPC Retail Limited (NRL), a subsidiary of the NNPC Ltd, has sensitized over 1,000 auto mechanics through a comprehensive awareness initiative.  The sensitization exercise which took place at […]

Shell’s Osagie Okunbor expresses optimism on Nigeria’s Oil and Gas future at Economic Summit

LAGOS OCTOBER 18TH (NEWSRANGERS)- Managing Director of Shell Petroleum Development Company Limited (SPDC) and Chairman of Shell Companies in Nigeria, Osagie Okunbor, shared an optimistic outlook on the future of Nigeria’s oil and gas industry during a panel session at    the just concluded Nigeria Economic Summit in Abuja.  Speaking on the theme “Fuelling Growth: The Future […]

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