Category archives for: Business

Delta: Abigborodo, Obotie, Ugbekoko Are Host Communities, Itsekiri  Leaders Tell SEPLAT

LAGOS JANUARY 28TH (NEWSRANGERS)-Itsekiri leaders of Abigborodo, Obotie and Ugbekoko  reiterated that the aforementioned communities are the host communities  of the land in which on SEPLAT oil company is operating. The Itsekiri leaders in a press statement issued by the Chairman and Secretary of Abigborodo Management Committee, Hon Misan Ukubeyinje, ESQ and Mr Victor Atseponu […]

Why Marketers May Dump Dangote Fuel For Imported Petrol

  LAGOS JANUARY 28TH (NEWSRANGERS)-Oil marketers have revealed that the landing cost of Premium Motor Spirit (petrol) as of Friday was N922.65 per litre. Dealers said this cost factors in various expenses including shipping, import duties, and exchange rates. The amount is a considerable reduction of N32.35 from the N955 per litre offered at the […]

Trade Wars Ignited By Trump Tariffs Would Be ‘Catastrophic’, WTO Chief Okonjo-Iweala Warns

LAGOS JANUARY 25TH (NEWSRANGERS)-The World Trade Organization chief said on Thursday that any tit-for-tat trade wars prompted by U.S. President Donald Trump’s tariff threats would have catastrophic consequences for global growth, urging states to refrain from retaliation. WTO Director-General Ngozi Okonjo-Iweala, a former Nigerian finance minister, starts her second term as head of the global […]

China Reacts To  Trump’s Tariff  Wars

LAGOS JANUARY 25TH (NEWSRANGERS)-China has responded to U.S. President Donald Trump’s threats of imposing tariffs on goods exported to the United States. Since taking office, the American leader has signed numerous executive orders and reiterated his intention to impose tariffs of up to 20% on many countries trading with Washington. In an interview with Fox […]

World Bank Proscribes Two Nigerian Companies, CEO Over Alleged Fraud

LAGOS JANUARY 22ND (NEWSRANGERS)-The World Bank has imposed a 30-month debarment on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Norman Didam over alleged corrupt practices. The 30-month debarment bars Viva Atlantic Limited, Technology House Limited, and Didam from participating in World Bank Group-financed projects […]

Subscribers Reject FG Approval Of 50% Telecom Tariff Hike, Threaten Court Action

LAGOS JANUARY 22ND (NEWSRANGERS)-Nigerians have vowed to drag the federal government to court over approval of a 50 percent increase in calls, data, and other telecommunication tariffs. In an instant multiplier effect, Point of Sales Operators have hinted at plans to increase their service charges. The President of the National Association of Telecoms Subscribers, Adeolu […]

Fuel Sufficiency: NNPCL Have Commenced Pipelines, Depots’ Rehabilitation-Soneye

LAGOS JANUARY 20TH (NEWSRANGERS)-Olufemi Soneye is the Chief Corporate Communications Officer, CCCO, of the Nigerian National Petroleum Company Limited, NNPCL. In this interview, Soneye speaks on the game-changing nature of the ongoing pipelines and depots rehabilitation project which he says is set to resolve longstanding challenges in petroleum supply and strengthen the country’s energy infrastructure […]

Man Cries For Help After Pampay Suspends Account, Locks ₦250k And Leaving Him In Debt (VIDEO)

LAGOS JANUARY 18TH (NEWSRANGERS)-A Nigerian man has turned to social media for help after his account was suspended by a popular mobile bank, leaving him unable to access the ₦250,000 in his account. The individual, who operates a POS service, posted his ordeal on X (formerly Twitter), explaining that he is now in debt to […]

Otedola, Obaigbena  40 Years Old Friendship Crumble As Debt Dispute Worsens

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 […]

Mele Kyari: NNPCL Remits N10trn To Federation Account By Sept 2024

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 […]

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