LAGOS OCTOBER 11TH (NEWSRANGERS)-A consortium of investors from South Korea has concluded plans to build four 100,000-barrel capacity refineries in various locations in Nigeria, the Federal Government announced on Tuesday. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, stated this at the maiden edition of a summit organised by the Crude Oil…
LAGOS AUGUST 29TH (NEWSRANGERS)-Drought-stricken Namibia plans to cull over 700 wild animals, including 83 elephants, and distribute the meat to people struggling to feed themselves. The environment ministry says the cull will take place in parks and communal areas where officials believe animal numbers exceed available grazing land and water supplies. In addition to elephants,…
LAGOS MAY 8TH (NEWSRANGERS)-An historic intercontinental rail link is aiming to link Europe to Morocco with an ambitious underwater tunnel. The Moroccan National Company for Strait Studies (SNED) announced last week it is are starting feasibility research on a revived 40-year-old train project that can connect Europe and Africa by 2030. The project highlights a…
Some foreign airlines operating in Nigeria on Saturday announced plans to begin the sales of tickets in US dollars, New Telegraph reports. Industry insiders claim that the airlines have promised to sell dollar tickets in order to clear the backlog of monies they have stashed in Nigeria. According to sources, the plan was accepted by…
LAGOS NOVEMBER 26TH (NEWSRANGERS)-Nigeria’s central bank pledged major changes to get a grip on inflation and steady the country’s battered currency, signaling tighter monetary policy ahead. The Central Bank of Nigeria will switch to inflation targeting instead of trying to control money supply in its battle to slow price increases, Governor Olayemi Cardoso said in…
LAGOS OCTOBER 24TH (NEWSRANGERS)-Marketers of cooking gas under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers exposed the plans by some operators of gas terminals in Nigeria and some sets of cabals running the business, to increase the price of 12kg of gas to N25,000. The marketers also revealed that the high…
LAGOS AUGUST 15TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has concluded plans to stem the continuous slide of the naira against the dollar. Top of these plans is to flood the market with dollars, it was learnt yesterday. A CBN board member, who spoke to our correspondent under anonymity, said: “At this point, the bank…
LAGOS JUNE 12TH (NEWSRANGERS)-A few years ago, I saw a post on the popular social networking site Twitter asking Nigerians what the “Nigerian Dream” means to them. Curious, I checked the comments to see what Nigerians consider the Nigerian Dream. Most respondents said the Nigerian Dream is to get an international passport and Japa (a…