LAGOS JUNE 20TH (NEWSRANGERS)-As US and Europe-based multinationals exit Nigeria, Asian and local companies are stepping in to fill the void. Last week, London-based Diageo Plc sold its controlling stake in Guinness Nigeria Plc to Singapore’s Tolaram Group Inc. The Fouani Group, a local firm, operates a diaper and sanitary pad plant in a complex…
LAGOS JANUARY 27TH (NEWSRANGERS)-Nigeria’s President Muhammadu Buhari has fired the heads of the country’s armed forces whom he appointed when he first took office in 2015. In a surprise move, he also tweeted the names of their replacements. No reason was given for the resignations of the army, navy, air force and chief of defence…
LAGOS JANUARY 4TH (NEWSRANGERS)-There are indications that the Nigerian Police Council may nominate a new Inspector-General of Police by February. It is unclear if the current Inspector-General of Police, Mohammed Adamu, will get a tenure extension but unconfirmed sources said his successor may be announced. The council, which is chaired by the President, comprises the…
