Category archives for: Business

NCDMB Hails SPDC For Nigerian Content Milestone Over Fabrication Of Mooring Buoys In Warri

LAGOS FEBRUARY 25TH (NEWSRANGERS)-The Nigerian Content Development and Monitoring Board (NCDMB) has commended The Shell Petroleum Development Company of Nigeria Limited (SPDC) for the in-country fabrication of two Single Point Mooring (SPM) buoys by Prime Sources Limited (PSL,) an indigenous company based in Warri, Delta State. SPMs are floating facilities used for loading liquids and gas offshore and were first fabricated locally for […]

NNPC, SNEPCo Donate Medical Equipment To Support Medical Surgeries In Nigeria (SEE PHOTOS)

L-R: Adviser, Community Relations, NNPC Upstream Investment Management Services (NUIMS), Usman Mohammed; Head, Social Investment and Performance , Shell Nigeria Exploration and Production Company Limited (SNEPCo) Elohor Abu ; SNEPCo’s Health Manager and Transformation, Dr. Ajike Oladoyin; Deputy Manager, External Relations, Edith Lawson and Dr. Benjamin Olowojebutu during the donation.

LAGOS FEBRUARY 18TH (NEWSRANGERS)-The Nigeria National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) today donated medical equipment to the Benjamin Olowojebutu Foundation (BOF) to enhance healthcare outreach in underserved communities across Nigeria’s  South-West, North-Central, and South-South regions. This initiative will enable the non-profit organisation to conduct nearly 5,000 fibroids […]

‘Poorly Planned Propaganda’ – Chemists, Analysts Slam Anti-NNPC video

LAGOS FEBRUARY 16TH (NEWSRANGERS)-Scientists, including chemists and energy experts, have dismissed the latest viral video alleging that petrol from NNPC outlet does last compared to same product from Dangote refinery, describing it a s a poorly planned propaganda that stands logic on its head. Describing the comparism made in the video as pedestrian and not […]

NNPCL Debunks Report Of  Selling Fake Fuel With High Burning Rate

LAGOS FEBRUARY 16TH (NEWSRANGERS)-The Nigerian National Petroleum Company Limited (NNPCL) has denied claims that it sells substandard petrol with a high burn rate. In a statement on Saturday by its spokesperson, Olufemi Soneye, the NNPCL said it was reacting to a viral video claiming that its petrol does not last long in fuel tanks. Our […]

Encomium As Nigeria Maritime Journalists Honour Customs CG Adeniyi

LAGOS FEBRUARY 16TH (NEWSRNAGERS)-If all that glitters are gold  then event of Thursday in honour of Comptroller-General of Customs, Bashir Adewale Adeniyi best suit the description. The event  put together by Nigeria Maritime journalist held at Oranmiya Hall of Airport Hotel Ikeja,  Lagos was a night of praise for the Customs Boss. Present at the […]

Shell Identifies Key Enables For Boosting  Local Content In Oil And Gas Operations

LAGOS FEBRUARY 15TH (NEWSRANGERS)-Shell has identified key enablers for boosting local content in the oil and gas industry, saying strategic partnerships, capacity building and adherence to regulations would help Nigeria to derive more value from the participation of local business in such operations. The remark was made by the General Manager, Nigeria Content Development of […]

Shell Anticipate Bright Future For Nigeria’s Deep-Water Production With The Right Conditions

  LAGOS FEBRUARY 14TH (NEWSRANGERS)-Nigeria can meet oil production targets and implement ambitious development programmes from deep-water oil and gas operations if it continues with policies to encourage investments and boost output in the sector, Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo,) Ronald Adams has said.   “Deep water is a compelling consideration for Nigeria if the country must meet its oil production targets and implement ambitious […]

Nigeria Customs Service Suspend Implementation Of 4% FOB Charge

LAGOS FEBRUARY 12TH (NEWSRANGERS)-The Nigerians Customs Service has suspended the implementation of the widely criticised four per cent Free-on-Board value on imports. A statement signed by the Customs National Public Relations Officer, Abdullahi Maiwada, disclosed the latest development on Tuesday in Abuja. The amount, as stipulated in Section 18(1)(a) of the Nigeria Customs Service Act […]

Nigeria Apex Bank Announces New ATM Transaction Fees Effective March 1

LAGOS FEBRUARY 12TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has revealed new transaction fees for Automated Teller Machines (ATMs), set to take effect on March 1, 2025. A circular, signed by John Onojah, the acting director of the financial policy and regulation department, explained that the revised charges aim to address increasing operational costs and […]

Nigerians React As MTN Hikes Data Charges By 200% , Releases New Pricing Structure

LAGOS FEBRUARY 12TH (NEWSRANGERS)-MTN Nigeria, one of the country’s leading telecommunications providers, has started significantly increasing its data tariffs. The company also confirmed this in a response shared on its X (formerly Twitter). The company wrote: “Y’ello! Thanks for stopping by, We apologise for any inconvenience and delayed Response. A price increase has been implemented […]

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