LAGOS JULY 4TH (NEWSRANGERS)-Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna face mounting calls for privatization as stakeholders criticize their persistent underperformance despite billions in investments. The Manufacturers Association of Nigeria (MAN) and oil marketers argue the facilities are a drain on the economy, prompting proposals to sell them to private investors or as…
LAGOS JULY 4TH (NEWSRANGERS)-Union Bank of Nigeria Plc, a leading advocate for environmental sustainability and ESG in Africa, marked World Environment Day 2025 by partnering with the Nigerian Conservation Foundation (NCF) to host a high-impact symposium themed “Ending Plastic Pollution” at the Lekki Conservation Centre, Lagos. The event brought together corporate leaders, environmental experts,…
LAGOS JULY 3RD (NEWSRNAGERS)-Shell says it will continue to explore opportunities to invest in Nigeria as the country aims to achieve energy abundance. Speaking at a panel session at the 2025 Nigeria Oil and Gas Conference in Abuja , Managing Director, Shell Nigeria Exploration and Production Company Ltd (SNEPCo) Ronald Adams referred to the…
LAGOS JULY 3RD (NEWSRNAGERS)-President Bola Ahmed Tinubu has approved the appointment of a new Governing Board for the Nigerian Maritime Administration and Safety Agency (NIMASA). All the appointments are effective from 24th June, 2025. The appointment is pursuant to the provisions of Section 5 of the NIMASA Act. According to the Act, the Board is…
LAGOS JULY 3RD (NEWSRANGERS)-A man who sneaked into a bank’s toilet during working hours and hid inside the ceiling overnight to hack into its computer systems, has been caught by security personnel. The incident, which has since gone viral, reportedly happened at a bank in Imo State. An X user, who shared details of…
LAGOS JULY 2ND (NEWSRANGERS)-Shell Companies in Nigeria (SCiN) today kicked off their participation at the 24th Nigeria Oil and Gas Conference and Exhibition in Abuja with an elaborate exhibition on their operations which drew commendation from top government functionaries and other conference participants. Among the visitors to the stand were the Minister of State for…
LAGOS JULY 2ND (NEWSRNAGERS)-A prosecution witness, Ajayi Michael Folaseye, on Monday told a Federal High Court in Ikoyi, Lagos, how he rejected a $7,000 bribe allegedly offered by a colleague seeking access to Premium Trust Bank’s internal systems. Ajayi, who is the first prosecution witness gave his testimony before Justice Alexander Owoeye in the…
LAGOS JULY 2ND (NEWSRNAGERS)-Dangote Petroleum Refinery has reduced the ex-depot price of premium motor spirit (PMS) to ₦840 per litre, representing a ₦40 drop from its previous rate of ₦880. The price cut comes amid concerns over rising pump prices and ahead of a planned nationwide distribution rollout scheduled for August 15. The announcement was…