LAGOS AUGUST 31ST (NEWSRANGERS)-Dangote Cement Plc has said that its cement price is in line with or lower than prices across the West African coast. The company also said that the price of a bag of cement from its factories across Nigeria had not increased, contrary to viral reports across various media. There had been…
LAGOS AUGUST 27TH (NEWSRANGERS)-Aliko Dangote, Africa’s richest man, is facing mounting criticism from Nigerians questioning the fairness of his business empire. With a total of 15,200 tweets at the time of this report, Dangote Group’s leader has come under public scrutiny for the reported disparities in the prices of his cement products across Africa. According…
LAGOS AUGUST 27TH (NEWSRANGERS)-Mr. Chiejina Harry, an entrepreneur and the CEO of HarryskyshowNG, a leading e-commerce platform, has disclosed how he got into cryptocurrency business and launched his company seven years ago. In an interview with NewsRangers, Chiejina recalled he started as a worker as installer of car tracking device with a brand named…
LAGOS AUGUST 25TH (NEWSRANGERS)-The leadership of the Nigerian Maritime Administration and Safety Agency (NIMASA) has come under fire as 17 vessels and helicopters it acquired in 2019 to fight insecurity on Nigerian waters have not yet been deployed, SaharaReporters has learnt. Sources told SaharaReporters that apart from the fact that the kind of vessels imported…
LAGOS AUGST 17TH (NEWSRANGERS)-Nigeria’s state-oil firm NNPC said on Wednesday it has secured a $3 billion crude oil repayment loan from Cairo-based Afrexim Bank that will support the government’s reforms to stabilize the exchange rate market. A commitment letter and term sheet was signed on Wednesday for an emergency $3 billion crude oil repayment loan,…
LAGOS AUGUST 16TH (NEWSRANGERS)-Nigeria is considering selling stakes in about 20 state-run companies in a bid to raise funds and improve governance at the entities, Bloomberg reported on Tuesday. The Nigerian National Petroleum Company Limited (NNPC) is among firms the government may sell a stake in, according to the chief executive officer at the Ministry…
LAGOS AUGUST 16TH (NEWSRANGERS)-Google plans to train 20,000 Nigerian women and youth in digital skills and provide a grant of 1.2 billion naira ($1.6 million) to help the government’s create one million digital jobs in the country, its Africa executives said on Tuesday. Nigeria plans to create digital jobs for its teeming youth population, Vice…
LAGOS AUGUST 16TH (NEWSRANGERS)-Nigeria’s international dollar-denominated bonds fell on Wednesday, after the president’s spokesman said petrol prices did not need to rise more, and blamed foreign exchange shortages on “gross mismanagement” at the central bank. Longer dated notes fell further. The 2051 maturity dropped as much as 1.7 cents on the dollar to 68.894 cents,…
