LAGOS AUGUST 4TH (NEWSRANGERS)-Petrol pump prices in Nigeria are likely to increase for the third time since subsidy removal as Platt benchmark price for petroleum products reached a staggering $979.75 per metric ton (MT) at the close of Wednesday’s trading session. Additionally, the Argus benchmark price trading platform reported prices of $960.86/MT and $1,010.86, including…
LAGOS AUGUST 4TH (NEWSRANGERS)-Nigeria is turning to gas as an alternative fuel after it scrapped a popular but costly subsidy on petrol that has seen pump prices rise sharply, angering motorists and businesses that use petrol to generate their own power. State-oil firm NNPC said late on Thursday it has partnered with NIPCO Gas to…
LAGOS AUGUST 2ND (NEWSRANGERS)-Nigerian Breweries (NB PLC) has announced a price increase on all their products effective August 10, 2023. In a letter seen by Nairametrics and dated 1st August 2023, the company established the need to review prices due to the soaring rise in input costs and the necessity to cushion its impact. It…
LAGOS AUGUST 2ND (NEWSRANGERS)-The Executive Director Operations of the Nigerian Maritime Administration and Safety Agency (NIMASA), Shehu Ahmed is critically ill and has been away from the office for many months. Ahmed, a retired Deputy Director at the Nigerian Deposit Insurance Corporation (NDIC), was recalled from retirement in March 2020 and appointed as NIMASA Executive…
LAGOS AUGUST 1ST (NEWSRANGERS)-The Nigerian Maritime Administration and Safety Agency, NIMASA working with officials of Total Energies EP Nigeria Limited rescued occupants of a distressed fishing vessel belonging to a national of the São Tomé Príncipe, which was adrift in the ocean for 11 days. According to a statement by Osagie Edward, NIMASA’s Assistant Director,…
LAGOS JULY 31ST (NEWSRANGERS)-The management of Heritage Energy Operational Services Limited (HEOSL) operator of Oil Mining Lease OML30, Delta State, has commended the efforts and contributions of women in OML30 host communities towards the peaceful environment towards smooth operations. Mr. Sola Adebawo, General Manager, Government, Joint Venture and External Relations HEOSL, gave the…
LAGOS JULY 30TH (NEWSRAANGERS)-The 70 per cent drop in vehicle importation into the country coupled with global trade disruption, the flotation of the exchange rate, and other factors have led to a 4.5 per cent drop in revenue collection by the Nigeria Customs Service in the first half of this year, according to a document…
LAGOS JULY 28TH (NEWSRANGERS)-On the road linking Niger’s capital Niamey with the south of the country, illegal fuel warehouses have closed and intrepid black-market touts waving petrol canisters at passing cars have become an endangered species. The reason? Neighbouring Nigeria has scrapped its subsidies for petrol — a move that tripled domestic prices and ended…