Category archives for: Business

FG Slams N555.8m Fine On Fidelity Bank For Allegedly Violating Customer Data

LAGOS AUGUST 21ST (NEWSRANGERS)-The Federal government through the National Data Protection Commission has slammed Fidelity Bank with a fine of N555.8 million for allegedly violating customer data protection laws. This announcement was made by the commission’s National Commissioner, Vincent Olatunji, at the Validation Workshop on the Nigeria Data Protection Act General Application and Implementation Directive […]

Chinese Firm Impounds Nigeria’s Guest Houses In UK, Offers For $2.2m Sale

LAGOS AUGUST 21ST (NEWSRANGERS)-Zhongshang Fucheng Industrial Investment Ltd, the Chinese investment group involved in legal dispute with Nigeria over alleged contract breach by Ogun State government, has concluded plans to list two residential structures in Liverpool it confiscated from the country for sale on global online marketplace eBay. This is as it races to recover […]

‘SPDC’s Support Nurturing Next-Generation Energy Experts’

LAGOS AUGUST 21ST (NEWSRANGERS)-A leading academic has identified the targeted investments in education by the Shell Petroleum Development Company (SPDC) Joint Venture as a catalyst for addressing Nigeria’s energy challenges. Professor Anene Moneke, Director of the NNPC/SPDC/TotalEnergies/NAOC Joint Venture Centre of Excellence in Environmental Management and Green Energy (CEMAGE) and holder of the NNPC/SPDC JV […]

NNPC Debunks  Owing  International  Oil Traders $6.8bn

LAGOS AUGUST 19TH (NEWSRANGERS)-The Nigerian National Petroleum Company Limited has denied owing international oil traders $6.8 bn. The company also refuted claims that it has not remitted funds into the federation account since January. NNPC Chief Corporate Communications Officer Olufemi Soneye responded to various allegations against the state-owned energy firm in a statement on Sunday. […]

Ado-Ekiti Monarch Has No Constitutional Power To Regulate Prices Of Foodstuff-Omirhobo

LAGOS AUGUST 15TH (NEWSRANGERS)-Lagos lawyer and human right activist, Chief (Barr.) Malcolm Omirhobo has stated that the Ewi of Ado Ekiti, Oba Rufus Adejugbe has no constitutional right to regulate food prices or  order traders in the markets not to sell their foodstuff beyond stipulated prices. Recall that Oba Rufus Adejugbe, has cancelled various traders’ […]

Again, Port Harcourt Refinery Fails To Commence Operation After Sixth Postponements

LAGOS AUGUST 15TH (NEWSRANGERS)-The Port Harcourt Refining Company, a refinery under the management of the Nigerian National Petroleum Company Limited in Rivers State, has again failed to commence operations after about six postponements, The PUNCH reports. It was observed that promises made to Nigerians by the Federal Ministry of Petroleum Resources and NNPC about the […]

Kyari Urges Military To Sustain War Against Crude Oil Theft, Confirms  Improved Growth Production

LAGOS AUGUST 14TH (NEWSRANGERS)-The Group CEO of NNPC Ltd., Mr. Mele Kyari, has called on the military to sustain the war against crude oil theft and pipeline vandalism saying the current onslaught against the menace has yielded improved growth in the nation’s crude oil production. Kyari made this appeal when he received in audience the […]

We Are Reviewing How 300 NSDP Cadets In India University Are Being Engaged- NIMASA DG

LAGOS AUGUST 13TH (NEWSRNAGERS)- The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA),  Dr Dayo Mobereola has revealed that the Agency  have not decided to bring National Seafarers Development Program (NSDP) cadets studying at Centurion University in India to back home. Mobereola who made the disclosure at the Eko Hotels in Lagos on […]

Goodnews: Tomato, Pepper Prices Slump By 60%

LAGOS AUGUST 13TH (NEWSRNAGERS)-As the new harvest season unfolds, markets across Lagos and Abuja have seen a significant drop in the prices of tomatoes and peppers. At the bustling Ketu and Berger markets in Lagos, traders report that the price of a large basket of tomatoes has plummeted to between N55,000 and N60,000, a sharp […]

Union Bank Upgrades To PCIDSS Version 4.0 Certification

LAGOS AUGUST 13TH (NEWSRNAGERS)-Union Bank, one of Nigeria’s most noteworthy and trusted financial institutions, has received another significant recognition with its recent attainment of the Payment Card Industry Data Security Standard (PCIDSS) version 4.0 certification. This notable achievement, which is an upgrade from the previously awarded Payment Card Industry Data Security Standard (PCIDSS) version 3.2, […]

Photo Gallery

Designed by News Rangers ICT Department