LAGOS MAY 26TH (NEWSRANGERS)-The Federal Government has cancelled $717.7m in undisbursed World Bank financing for Nigeria’s troubled electricity sector, effectively terminating the remaining portion of a $1.52bn power sector recovery programme amid mounting tariff shortfalls, worsening financial pressures, and persistent implementation challenges across the industry. Documents obtained by The PUNCH from the World Bank website…
LAGOS APRIL 23RD (NEWSRANGERS)-The Federal Government has announced the death of Nigeria’s ambassador-designate to Algeria, Mohammed Mahmud Lele, who died at the age of 50. The Ministry of Foreign Affairs disclosed this in a statement issued in Abuja on Wednesday by its spokesperson, Kimiebi Ebienfa. According to the ministry, Lele died in the early…
LAGOS APRIL 8TH (NEWSRANGERS)-The Nigerian government has expelled controversial American missionary Alex Barbir from the country, accusing him of making statements capable of inciting violence and deepening divisions, particularly in Plateau State. Barbir, a former American college football player turned humanitarian, gained attention for his work in Nigeria’s North-Central region, including rebuilding homes, drilling…
LAGOS NOVEMBER 23RD (NEWSRNAGERS)-The Federal Government has ordered the immediate shutdown of 47 Federal Unity Colleges across the country. This directive follows a string of security incidents, including two mass abductions of schoolchildren in Kebbi and Niger states this week. The temporary closure was announced via a circular dated 21 November and signed by the…
LAGOS NOVEMBER 13TH (NEWSRANGERS)-The federal government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has suspended the implementation of the 15 percent ad-valorem import duty on imported Premium Motor Spirit (PMS) and diesel. The Authority stated this in a statement signed by George Ene-lta, Director, Public Affairs Department. President Bola Ahmed Tinubu had…
LAGOS NOVEMBER 12TH (NEWSRNAGERS)-Nigeria’s Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, has commended the leadership and staff of Renaissance Africa Energy Company Limited for driving the oil and gas output increase less than a year after the deal that saw the exit of Shell from onshore Nigeria. The $2.4billion deal resulted in…
LAGOS NOVEMBER 4TH (NEWSRANGERS)-Nigeria’s investigation into an alleged coup attempt has reached a new stage, with no fewer than 30 suspects now set to face trial following weeks of interrogation by military and intelligence authorities, according to a major online news platform in the West African nation. PREMIUM TIMES, which quoted unnamed sources familiar with…
LAGOS SEPTEMBER 23RD (NEWSRNAGERS)-The President Bola Ahmed Tinubu administration has stated that its goal of attracting more funds and investments into the Nigerian oil and gas sector, to grow the country’s industrialization, is at the centre of its decision to devote more executive attention to ongoing reforms in the energy sector. The Special Adviser…