LAGOS JANUARY 18TH (NEWSRANGERS)-It is all of 40 years of friendship in ruins as the debt dispute between high-profile Nigerians Nduka Obaigbena and Femi Otedola worsens, findings reveal. First Bank, with Otedola as Chairman, is unrelentingly taking drastic steps to recover an estimated $225.8m from General Hydrocarbons Limited, an oil servicing firm with Obaigbena as…
LAGOS JANUARY 16TH (NEWSRANGERS)-The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Malam Mele Kyari, said on Wednesday in Abuja that the company remitted N10 trillion to the federation account as of September 2024. This was even as he declared that NNPCL remains the only company in Nigeria that publishes 100…
LAGOS JANUARY 16TH (NEWSRANGERS)-Rwanda said Wednesday it had made its first oil discovery, with confirmation of 13 reservoirs in Lake Kivu, which makes up part of its border with DR Congo. “The good news is that we have oil,” Francis Kamanzi, CEO of the Rwanda Mines, Petroleum and Gas Board, told a parliamentary hearing according…
LAGOS JANUARY 15TH (NEWSRANGERS)-All is set for Nigerian Maritime Journalists (NMJ) award to be conferred on the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, MFR, as the “Iconic Maritime Personality of the Year 2024”. The need for the Nigerian maritime media practitioners to honour the CGC is a unanimous decision by all…
LAGOS JANUARY 15TH (NEWSRANGERS)-In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. Each bank was fined ₦150 million for non-compliance, in line with the CBN’s…
LAGOS JANUARY 15TH (NEWSRANGERS)-The Skyway Aviation Handling Company (SAHCO) has sacked its staff member for harassing and extorting N100, 000 from South Africa-bound passenger at the Murtala Muhammed International Airport (MMIA), Lagos, recently. The company took the action after it confirmed the allegation to be true in an investigative panel set up to scrutinize his activities….
LAGOS JANUARY 14TH (NEWSRANGERS)-Solar installations have reached new heights across the globe in 2024with a whopping 503 GWp of estimated capacity. This represents a 44% increase compared to 2023. In Africa, the growth is more modest but new installations maintain a solid level at 2.5 GWp after 2022 and 2023 being record years for solar…
LAGOS JANUARY 14TH (NEWSRANGERS)-Nigeria Minister of Power, Chief Adebayo Adelabu has officially declared Powerelec-Nigeria 2025 International exhibition opened The event was organised by Africa Solar Industry Association(AFSIA} and held at Landmark Centre, Victorial Island, Lagos is to update people on the status of solar in Africa. It is a comprehensive report offering critical insights and…
