LAGOS OCTOBER 18TH (NEWSRANGERS)-The Nigeria Liquefied and Natural Gas company has declared force majeure because of widespread flooding that has disrupted supply, a spokesman for the company said on Monday. Force majeure is a common clause in contracts which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the…
LAGOS AUGUST 16TH (NEWSRANGERS)-The rise in food and airline ticket prices in Nigeria over the past year continues to show up in the data. In July, Nigerians paid 19.64% more for goods and services than they did in the same month last year, according to the latest inflation report (pdf) from the National Bureau of…
LAGOS MAY 20TH (NEWSRANGERS)-Sri Lanka’s Prime Minister has warned of a food shortage as the island nation battles a devastating economic crisis and vowed the government will buy enough fertiliser for the next planting season to boost harvests. A decision in April last year by President Gotabaya Rajapaksa to ban all chemical fertilisers drastically cut…
LAGOS MARCH 3RD (NEWSRANGERS)-Leading energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners – Nigerian National Petroleum Corporation Limited (NNPC), Totalenergies EP Nigeria Limited, and Nigerian Agip Oil Company (NAOC) – on Wednesday signed an agreement for a daily supply of 70 million standard cubic feet of…