LAGOS AUGUST 16TH (NEWSRANGERS)-Nigerian President Muhammadu Buhari’s flip-flop over the sale of Exxon Mobil Corp.’s assets could discourage investment in Africa’s largest oil producer in the wake of industry reform meant to grow the sector. A $1.28 billion bid by Lagos and London-listed Seplat Energy Plc for shares in Exxon’s local subsidiary was initially backed…
LAGOS AUGUST 12TH (NEWSRANGERS)-Nigeria’s President Muhammadu Buhari has withheld his initial approval of Exxon Mobil’s sale of local offshore shallow water assets to Seplat, his spokesman said on Thursday, after the oil regulator refused to give its consent. Buhari on Monday consented to the $1.28 billion transaction, only for the Nigerian Upstream Petroleum Regulatory Commission…
LAGOS AUGUST 3RD (NEWSRANGERS)-An angry mob has destroyed a mortuary at Ndiolumbe, Isiala Ngwa council area of Abia State ,over alleged harvest of dead body parts. The mortuary attendants were said to have fled the facility on sighting the irate youths. The mob burnt ambulances and destroyed the facility, popularly known as Prince O Mortuary,…
LAGOS APRIL 19TH (NEWSRANGERS)-What used to be a bubbly environment has in the past couple of months gradually turned a ghost town. For those doing business within the vicinity of the Synagogue Church of All Nations in Ikotun,Lagos,the death of its founder, Prophet T.B Joshua has brought untold hardship on them. This is because many…
LAGOS APRIL 15TH (NEWSRANGERS)-The U.S. State Department has cleared the sale of 12 AH-1Z Cobra attack helicopters to Nigeria worth nearly $1 billion, apparently after U.S. lawmakers lifted objections over human rights concerns. The Defense Security Cooperation Agency on Thursday announced the sale of the helicopters and related defense systems to the Nigerian military. The…
LAGOS SEPTEMBER 29TH (NEWSRANGERS)-The Nigerian Navy on Tuesday disowned allegations made in parliament by one of its senior officers that soldiers from neighbouring Chad were selling their weapons for $20 or $30, contributing to unrest in northern Nigeria. The navy described the widely reported allegations, made by Commodore Jamila Abubakar Sadiq Malafa on Monday at…
LAGOS SEPTEMBER 22ND (NEWSRANGERS)-A 76-year-old man, Adeniyi Adebisi Samuel, has been beheaded by some ritual killers in the Akanran area of Ibadan, the Oyo State capital. Parading the suspected ritual killers at the Amotekun headquarters, Dandaru, Ibadan, on Tuesday, the Deputy Commandant of Amotekun in the state, Mr. Akinro Kazeem, said the suspects were arrested…
LAGOS MARCH 8TH (NEWSRANGERS)-After injecting over four hundred billion naira into Polaris bank by the Central Bank of Nigeria in 2018, the apex bank has finally concluded arrangements to cede it to a prefered bidder. This medium exclusively gathered that a first generation bank with strong presence in the financial inclusion market has emerged as…