Category archives for: Business

‘50% Of Commercial Banks In Liberia Owned By Nigerians’

LAGOS SEPTEMBER 11TH (NEWSRANGERS)-The Vice President of Liberia, Jeremiah Koung has revealed that out of eight licensed commercial banks in his country, four are owned by Nigerians. The Vice President disclosed in his remarks at the opening ceremony of the 17th Annual Banking and Finance Conference in Abuja organized by the Chartered Institute of Bankers […]

Nigeria, Now Third Largest Debtor In World Bank’s Scheme

LAGOS SEPTEMBER 5TH (NEWSRANGERS)-A financial statement published by the World Bank has placed Nigeria as the third largest debtor to the Bank’s International Development Association (IDA) as of June 30, 2024. According to the financial statement, Nigeria’s exposure to IDA rose to $16.5 billion as at June 30, which is an increase of $2.2 billion, […]

The True Situation Of Tinubu’s  Govt About Fuel Subsidies Removal- Bayo Adenuga

LAGOS  SEPTEMBER 3RD (NEWSRANGERS)- I have read a series of articles attacking the Federal Government for not telling the truth about fuel subsidy payments, following NNPC Limited’s admittance it was owing suppliers some $6 billion. Some of the stories have been written with relish, as the authors believed they have uncovered some scoops. The truth […]

NNPCL Acknowledges Media Report Regarding Debt To Petrol Suppliers

LAGOS SEPTEMBER 2ND (NEWSRANGERS)-Nigeria National Petroleum Corporation Limied (NNPCL) said it has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers. Olufemi Soneye, Chief Corporate Communications Officer NNPC Ltd. in a statement titled, “NNPC Ltd Faces Financial Strain Due to PMS Supply Costs, Impacting Supply Sustainability” made available to NewsRangers […]

NCAA Unveils Groundbreaking Draft State Safety Programme (SSP), Urges Stakeholders Active Involvement

LAGOS AUGUST 28TH (NEWSRANGERS)-The Nigeria Civil Aviation Authority (NCAA), under the leadership of Acting Director General Capt. Chris Najomo, has concluded the drafting of the State Safety Programme (SSP). This achievement symbolizes a significant step towards Nigeria’s full-scale program implementation, aligning with the stringent requirements of the International Civil Aviation Organization (ICAO). Statement signed  by […]

NNPCL Commences Shipment Of LNG Cargoes To  Japan, China On Delivered Ex-Ship Basis

LAGOS AUGUST 27TH (NEWSRANGERS)- In line with its strategic vision to be a dynamic and reliable global energy supplier of choice, the Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered Ex-Ship (DES) basis. Olufemi O. Soneye, Chief Corporate Communications Officer NNPC Ltd […]

Refiners Urges FG, NNPCL To Sell Moribund Nigeria Refineries To  Fund Modular Plants

LAGOS AUGUST 25TH (NEWSRANGERS)-The Crude Oil Refiners Association of Nigeria has appealed to the Nigerian National Petroleum Company and the federal government to sell the Port Harcourt, Warri and Kaduna refineries. CORAN Publicity Secretary, Eche Idoko made this call in a recent statement. According to him, the $1.5 billion spent on the rehabilitation of Port […]

Fidelity Bank Reacts To Report Of NDPC Fines Of N555.8m Over Alleged Data  Breach

LAGOS AUGUST 23RD (NEWSRANGERS)- Fidelity Bank has reacted to  media report of Nigerian Data Protection Commission (NDPC) fine of   N555.8m over alleged  data breach. The Bank in a statement signed by  Dr Meksley Nwagboh, Divisional Head, Brand & Communications of Fidelity Bank Plc made available to NewsRangers disclosed that  while the matter is a subject […]

NNPC Reacts To Atiku’s Allegation Of OVH Acquisition By Tinubu

LAGOS AUGUST 23RD (NEWSRANGERS)-The Nigerian National Petroleum Corporation Limited (NNPCL)  has reacted to  a press release signed by Mr. Paul Ibe, a Media Adviser to the former Vice President, Alhaji Atiku Abubakar in which  he was quoted to have lamented “the criminal hijack of the NNPC by corporate cabals around the current President”. In the […]

NNPC Shares Update  On Northern Oil Exploration Efforts, Pledges Continued Support For FG’s Ambition In Frontier Regions

LAGOS AUGUST 23RD (NEWSRANGERS)-The Nigerian National Petroleum Company Limited  (NNPC) has provided updates on its crude oil exploration activities in the Northern part of the country, reiterating its commitment to achieving the Federal Government’s aspirations in the frontier basins. “The company has been actively drilling in basins in and around Northern Nigeria, as a result […]

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