LAGOS DECEMBER 3RD (NEWSRANGERS)-After roughly 65 years of operations in Nigeria, Swiss cement and other building materials’ maker, Holcim, on Sunday announced that it was set to leave the country. The company said in a brief statement that it will exit its Nigerian business through the sale of its almost 84 per cent stake in…
LAGOS APRIL 2ND (NEWSRANGERS)-Egypt could be lining up a $1bn claim in damages after the 20,388 teu Ever Given giant container vessel caused a headline grabbing traffic jam in the Suez Canal for almost a week. Ossama Rabei, the head of Suez Canal Authority, told Egypt’s Sada ElBalad news channel he estimates the $1bn figure…
LAGOS JULY 3RD (NEWSRANGERS)-The House of Representatives has resolved to investigate the alleged secret account being kept by the Nigerian Ports Authority with a balance of over $1bn. The move followed the unanimous adoption of a motion of urgent public importance moved by Mr Kolawole Lawal at the plenary on Thursday. The motion was entitled,…
LAGOS JUNE 29TH (NEWSRANGERS)-The controversy surrounding ownership of $1billion domiciled with Unity Bank Plc continued on Monday as the management of Nigerian Ports Authority (NPA) denied any link with the alleged account. A whistleblower, John Okpurhe, had in a letter to President Muhammadu Buhari accused the Attorney-General of the Federation and Minister of Justice, Abubakar Malami…
LAGOS JUNE 5TH (NEWSRANGERS)-Cristiano Ronaldo hit another first this week as the first team player to earn more than $1 billion in his career, Forbes reported. The Juventus star earned $105 million before taxes over the past year, per Forbes, placing him No. 4 on the list of the world’s highest-paid celebrities. He sits behind…