Category archives for: Business

45 Indigenous Firm Showcase Potentials At SNEPCO Exhibition

In-country value in the oil and gas sector received a major boost from the Shell Nigeria Exploration and Production Company (SNEPCo) as over 45 indigenous service firms subscribed to the just-concluded SNEPCo Nigeria Content Exhibition in Lagos, a platform for the firms to showcase their capacities and capabilities to regulators and major players in the […]

Ship Owners Urge FG To Investigate Alleged N108bn Missing At NIMASA

LAGOS OCTOBER 1ST (NEWSRANGERS)-Worried by the Cabotage Vessels Finance Fund (CVFF), which position and disbursement are not clear to members of the public, Ship owners in the country have called on the Federal Government to urgently put measures in place to unravel the mystery behind the $300 million (N108 billion) CVFF said to have disappeared […]

CBN Assures All Ex-Skye Bank Customers Of The Safety Of Their Funds

LAGOS SEPTEMBER 22ND (NEWSRANGERS)-The Central Bank of Nigeria has asked all customers of former Skye Bank now Polaris bank, not to fret or panic as their money in the bank is safe. This evening, the apex bank revoked the license of the former Skye bank. The CBN governor, Godwin Emefiele said the decision had been […]

Major Research Firm, Forbes Rates Nigeria As 2018 Best Economy In Africa

LAGOS SEPTEMBER 10TH (NEWSRANGERS)-A major research firm, Forbes Africa has rated Nigeria as the 2018 best economy in Africa. It published its findings on the ten biggest economies of Africa with Nigeria topping the list. According to Forbes, Nigeria came on top with $172 billion which was followed by South Africa with $166.735 billion. Also […]

Nigerians Express Worry Over Foreign Reserves Decline By $2.3bn

LAGOS SEPTEMBER 10TH(NEWSRANGERS)-There are concerns over the steady decline of Nigeria’s foreign reserves since the last three months despite the rise in oil prices and accruals from foreign bonds issuance. Exclusive findings by LEADERSHIP Sunday showed that the reserves recorded a huge decline from $47,787,183,153 billion where it was on June 22, 2018 to a […]

Plastic Recycling Company Wins Shell Global Innovation Outstanding Performance Prize

LAGOS SEPTEMBER 9TH (NEWSRANGERS)-A Nigerian plastic-recycling company has won the maiden Shell Outstanding Achievement Prize in the 2018 Shell LiveWIRE Top Ten Innovators Awards. Bayelsa State-based De-Rabacon Plastics came tops in a competition that also saw another Nigerian firm, Alternate Energy Limited, emerge as the second runner-up in the Energy Solutions category to win a […]

‘Nigeria’s Partnership With China Generates $5b Projects In Last Three Years’

LAGOSSEPTEMBER 5TH (NEWSRANGERS)-Nigeria’s partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of vital infrastructure projects across the country, valued at over $5 billion in the last three years of the current administration. President Muhammadu Buhari disclosed this on Tuesday in Beijing at the FOCAC Round Table meeting, attended […]

‘Oil Demand To Hit 100 Million Barrel Per Day Soonest’

LAGOS SEPTMBER 5TH (NEWSRANGERS)-World oil consumption will reach 100 million barrels per day (bpd) later this year, hitting that level much sooner than previously forecast, OPEC’s secretary-general said on Wednesday. Mohammad Barkindo also told an energy conference in South Africa’s Cape Town that a stable environment was needed to encourage oil industry investment to meet […]

Guinness Nigeria Records 14% Increase In revenue For FY2018

LAGOS AUGUST 31ST (NEWRANGERS)-Guinness Nigeria Plc delivered a solid performance in the year ended 30 June 2018 as revenue increased by 14% from N125.92 billion in June 2017 to N142.98 billion. The results, which were released to the Nigerian Stock Exchange (NSE), also showed improved operating margin, as benefits from the company’s productivity program more […]

Nigeria To Host Workshop On Internet Governance In Africa

LAGOS AUGUST 26TH (NEWSRANGERS)-Nigeria will host this year’s International Telecommunications Union (ITU) annual regional human capacity building workshop on “Strengthening capacities in Internet governance in Africa”, according to Dr. Ikechukwu Adinde, Administrator of the Digital Bridge Institute (DBI). The event to be held at the Shehu Musa Yar’Adua Centre in Abuja, Nigeria, from 27-29 August […]

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