LAGOS JULY 4TH (NEWSRANGERS)-Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna face mounting calls for privatization as stakeholders criticize their persistent underperformance despite billions in investments. The Manufacturers Association of Nigeria (MAN) and oil marketers argue the facilities are a drain on the economy, prompting proposals to sell them to private investors or as…
LAGOS OCTOBER 21ST (NEWSRANGERS)-The World Bank Group has granted Nigeria a loan of $3bn for its ailing power sector. Minister of Finance, Zainab Ahmed announced the development Sunday during a chat with Nigerian journalists covering the 2019 Annual Meetings of the IMF and World Bank Group in Washington DC. She said the loan will help…
LAGOS MAY 16TH (NEWSRANGERS)-Commonwealth Secretary-General, Patricia Scotland, has said Commonwealth assisted Nigeria in recovering around three billion dollars stolen from the treasury. She said the recoveries were done within one year. Scotland, according to a report by the News Agency of Nigeria, NAN, said this on Tuesday in Abuja when she visited the Minister of…