LAGOS FEBRUARY 6TH (NEWSRANGERS)-Compelled by the exigency of bringing Nigerian Ports up to speed with those of its peers in terms of infrastructure and equipment, the Nigerian Ports Authority (NPA) has secured necessary approvals for an upward review in its tariffs which was last reviewed in the year 1993. The 15% upward increase which is…
LAGOS NOVEMBER 19TH (NEWSRANGERS)-Galatasaray efforts to sign Victor Osimhen permanently from Napoli are gaining momentum after securing a sponsor willing to cover 70% of the transfer fee. According to Turkish outlet Milliyet, the Turkish champions, aiming to reduce the fee from €75m to €70m due to prior payments, have met with two major companies in…
LAGOS NOVEMBER 3RD (NEWSRANGERS)-In a testament to his prudence, foresight, and selflessness, ex-Governor Ifeanyi Okowa’s administration has once again demonstrated its commitment to Delta State’s financial stability. On October 30th, 2024, the state received a substantial N150 billion subsidy refund, a direct result of Okowa’s strategic financial decisions during his tenure. Towards the end of…
LAGOS JANUARY 10TH (NEWSRANGERS)-The National Television Authority (NTA) has successfully secured the exclusive broadcasting rights for the highly anticipated 2024 Africa Cup of Nations (AFCON). The monumental deal guarantees that every moment of the continental football extravaganza will be aired on NTA. The announcement comes as a surprise after Multichoice, the owners of DSTV and…
LAGOS OCTOBER 3RD (NEWSRANGERS)-The Economic and Financial Crimes Commission, EFCC, has secured an arrest warrant for former Minister of Petroleum Resources, Diezani Alison-Madueke. The EFCC Acting spokesman, Dele Oyewale, confirmed the development to newsmen on Monday. Meanwhile, the anti-graft agency has also initiated extradition proceedings to bring the former minister back to Nigeria. Recall that…
LAGOS AUGST 17TH (NEWSRANGERS)-Nigeria’s state-oil firm NNPC said on Wednesday it has secured a $3 billion crude oil repayment loan from Cairo-based Afrexim Bank that will support the government’s reforms to stabilize the exchange rate market. A commitment letter and term sheet was signed on Wednesday for an emergency $3 billion crude oil repayment loan,…
LAGOS APRIL 5TH (NEWSRANGERS)-Nigeria has secured $800 million from the World Bank to scale up its national social program ahead of the removal of its costly but popular subsidies on petrol in June, Finance Minister Zainab Ahmed said on Wednesday. Africa’s biggest economy set aside 3.36 trillion naira ($7.3 billion) this year to spend on…
LAGOS MAY 28TH (NEWSRANGERS)-Leaders of Mali’s military have released interim president Bah Ndaw and Prime Minister Moctar Ouane from detention following intervention from former President Goodluck Jonathan who is the mediator of the Economic Community of West African States (ECOWAS) in Mali. The former President had travelled to Bamako on Tuesday to meet with the…