LAGOS OCTOBER 2ND (NEWSRANGERS)-Shell has named a new Managing Director for its deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Limited (SNEPCo.) He is Ronald Adams, formerly Chief Executive Officer of Atlantic LNG, Trinidad and Tobago. He takes over from Elohor Aiboni who proceeds on international assignment to Brunei Shell Petroleum (BSP) as…
LAGOS SEPTEMBER 25TH (NEWSRANGERS)-In a bid to alleviate economic hardship and support small businesses, the Federal Government has announced plans to scrap several taxes affecting vulnerable populations and small-scale enterprises. The decision was part of the resolutions at the Federal Executive Council (FEC) meeting held on Monday, chaired by President Bola Tinubu. The FEC approved…
LAGOS SEPTEMBER 24TH (NEWSRANGERS)-Libya continues to offer the cheapest petrol in Africa, with the price of octane-95 gasoline (petrol) standing at 0.15 Libyan Dinar per litre, equivalent to approximately $0.032 or N52 as of September 16, 2024. This is according to a report by Global Petrol Prices, a platform that tracks retail petrol prices across…
LAGOS SEPTEMBER 24TH (NEWSRANGERS)-The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to end fuel subsidies completely. He said the removal would help determine the actual petrol consumption in the country, as he confirmed ownership of two oil blocks in the upstream sector with an expected production…
LAGOS SEPTEMBER 24TH (NEWSRANGERS)-In its continued bid to maximise the nation’s abundant gas resources for economic development and prosperity, NNPC Ltd has begun discussions with investors towards bringing back two Liquefied Natural Gas (LNG) projects, Brass and Olokola LNG projects. NNPC Ltd’s Chief Financial Officer (CFO), Mr. Umar Ajiya disclosed this on the sidelines of…
By Oluwole Asalu LAGOS SEPTEMBER 20TH (NEWSRANGERS)-Nigeria is on the verge of a significant technological shift, with vast untapped potential in the Information and Communications Technology (ICT) sector. However, while the opportunities are abundant, challenges such as infrastructure gaps, regulatory hurdles, and the need for targeted investments in education remain. Nigeria’s large, youthful population is…
LAGOS SEPTEMBER 20TH (NEWSRANGERS)-Nigeria’s fuel price hike has sparked widespread concerns, with many pointing fingers at oil producers, particularly local operators like Dangote Refinery. However, OPEC Secretary General, Haitham Al Ghais, has set the record straight, revealing that the real reasons behind high fuel prices lie elsewhere—primarily in taxes imposed by governments, including those of…
LAGOS SEPTEMBER 19TH (NEWSRANGERS)-The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in…