Category archives for: Business

Shell Emerges Local Content Operator Of The Year 2018

LAGOS DECEMBER 12TH (NEWSRANGERS)-The Shell Petroleum Development Company of Nigeria Limited (SPDC) has emerged the Local Content Operator of the Year 2018 at the Annual Oil Industry Achievement Awards Dinner of the Petroleum Technology Association of Nigeria (PETAN,) an association of indigenous technical oilfield service companies in the upstream and downstream sectors. This marks the […]

Diamond Bank Set To Reward Over 1,000 Customers In Season 10 Quarterly Draw

LAGOS DECEMBER 4TH (NEWSRANGERS)-Leading retail lender, Diamond bank is set to reward over 1000 customers in the third DiamondXtra season 10 quarterly draw which will take place on Friday, December 7, 2018 at its Mobolaji Bank- Anthony branch in Ikeja, Lagos. Addressing newsmen at the bank’s Head Office in Lagos, Osita Ede, Head, Consumer Liability […]

Minimum Wage: Dockworkers Get Pay Rise To N150,000

LAGOS NOVEMBER 27TH (NEWSRANGERS)-President-general of the Maritime Workers Union (MWUN), Comrade Adewale Adeyanju, at the weekend said private terminal operators at the nation’s seaports have substantially increased the wages earned by dockworkers from an average of N10,000 before the 2006 port concession to about N150,000. Adeyanju, who stated this while speaking with newsmen in Lagos, […]

Diamond Bank Debunks Report On Merger, Acquisition

LAGOS NOVEMBER 12TH (NEWSRANGERS)-Diamond Bank has reacted to speculations in a section of the media that the bank is purportedly in discussions with Access Bank Plc to acquire the bank. The bank, in a statement issued on Monday, was categorical that it is not in discussions with any financial institution at the moment on any […]

Access Bank To Absolve Diamond Bank

LAGOS NOVEMBER 12TH (NEWSRANGERS)-Access Bank is set to add Diamond Bank’s portfolio to its assets in the next few months. According to The Nation, talks on the acquisition are on, according to sources, who said the fusion is set for the first quarter of next year. Both financial institutions have reached an agreement in broad […]

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 […]

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