LAGOS JUNE 22ND (NEWRANGERS)-Nigeria’s economy could be leaning against the wind as the country’s external reserves fell to a 13-month low last week, tumbling quickly to $30 billion, the level it was between 2015 and 2017. Last Thursday, the figure slid to $33.79 billion, as it dropped by $30 million. This represented a 0.09% decline…
LAGOS NOVEMBER 20TH (NEWSRANGERS)-The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity. It said Nigerian geologists were spearheading efforts in the discovery of the commodity in the trough. The corporation’s Group Managing Director, Mele Kyari, disclosed this in a statement issued in Abuja…
LAGOS JUNE 6TH (NEWSRANGERS)-Vice Presidential Candidate of the Peoples Democratic Party in the 2019 election, Mr Peter Obi, has described as a curse, Nigeria’s total dependence on oil revenue which, he said, has stopped people from critical thinking and innovating new ways to diversify the economy and generate more revenue. Obi made this known while…
By Okioma Amos LAGOS APRIL 30TH (NEWSRANGERS)- The disparity in the volume of oil spill from Shell’s field at Angiama community in Southern Ijaw Local Government Area in Bayelsa has cause disagreement amongst parties investigating the incident. Although the March incident has been traced to equipment failure, by corrosion, investigations indicate that the Joint Investigative Visit…