Category archives for: Business

Nigeria Manufacturers Commend Buhari’s Timely Formation Of Economic Advisory Council

LAGOS SEPTEMBER 18TH (NEWSRANGERS)-The Manufacturers Association of Nigeria (MAN) has lauded the constitution of an Economic Advisory Council (EAC) by President Muhammadu Buhari. In a statement on Tuesday by its Director-General, Segun Ajayi-Kadir, MAN described the news of the formation of the council as “timely and commendable”. President Buhari had set up the Council chaired […]

OML30: We Have Good Working Relationship With Our Host Communities-Heritage Boss

LAGOS SEPTEMBER 18TH (NEWSRANGERS)-The Managing Director and Chief Executive Officer, Heritage Energy Operational Services Limited, operator of OML30 asset, Mr. Naeem-Atiq Sadiq has said the company was enjoying good working relationship with the 112 host communities in OML30, Delta State. Sadiq spoke when the Managing Director of Delta State Oil Producing Area Development Commission, DESOPADEC, […]

Oil Price Drops Sharply As Saudi Output Seen Returning Soon After Attacks

LAGOS SEPTEMBER 17TH (NEWSRANGERS)-Oil prices dropped sharply on Tuesday after a top Saudi Arabian source told Reuters production could be fully back on line within weeks, quicker than initially thought following weekend attacks that cut halved the kingdom’s output. Saturday’s attacks raised the specter of a major supply shock in a market that in recent […]

DStv Cuts Prices Across African Countries

LAGOS SEPTEMBER 16TH (NEWSRANGERS)-MultiChoice recently reduced the price of DStv in various African countries, including Uganda, Kenya, Tanzania, and Mozambique. MultiChoice said the monthly DStv subscription fees were reduced to make the service more competitive against streaming services. The price cuts, however, were not the same in all countries, as each country has different cost […]

Dollar Falls As Oil-Exporter Currencies Rise After Saudi Attacks

LAGOS SEPTEMBER 16TH (NEWSRANGERS)-The dollar fell while safe havens and currencies of oil-producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged nearly a fifth at one point following the strikes on two plants, including the world’s biggest petroleum […]

OPEC Hails FG Acceptance Of Hosting Maritime Security Conference In Nigeria

LAGOS SEPTEMBER 11TH (NEWSRANGERS)-The Organisation of Petroleum Exporting Countries (OPEC) has commended the Federal Government of Nigeria for accepting to host the upcoming Global Maritime Security Conference, saying the talks will go a long way in addressing security concerns in the maritime domain of the entire Gulf of Guinea. Secretary-General of OPEC Mohammed Sanusi Barkindo […]

Two Nigerian Businesses Shortlisted For Shell Global Innovation Prize

LAGOS SEPTEMBER 9TH (NEWSRANGERS)- Two Nigerian entrepreneurs have been shortlisted among 21 finalists for the Shell LiveWIRE Top Ten Innovators Awards, a global competition which highlights and rewards businesses that demonstrate excellence in innovation as well as giving entrepreneurs a chance to shine on a global platform. The businesses are” FarmToJuice and Foods Nig. Ltd […]

OML30: Delta Council Chairman Lauds Heritage Energy’s Development Plan For Host Communities

LAGOS SEPTEMBER 5H (NEWSRANGERS)- The Executive Chairman of Warri South Local Government Area, Dr. Micheal Tidi has commended Heritage Energy Operational Services Limited (HEOSL), for its community development plans and programmes in OML 30. Dr Tidi was particularly impressed by the robust GMoU which the company helped to put in place to guide her relationship […]

Crime Partners Beat Bitcoin Scam Orchestrator To Death For Stealing Nearly $68 Mln

LAGOS SEPEMBER 2ND (NEWSRANGERS)- Indian police have discovered a large-scale BTC scam worth $67.6 mln, its facilitator beaten to death for cheating his partners Police in the Indian Uttarakhand state have found out about a big Bitcoin scam after its orchestrator, Abdul Shakoor, was killed by his former crime partners for cheating them. Massive Bitcoin […]

Massive Job Loss Looms In Nigeria Banking Sector

LAGOS AUGUST 29TH (NEWRANGERS)-Nigerian banks are beginning to review their business model which is still very much the traditional banking system as technology is penetrating deeper into the tasks that workers carry out. Technology has already compelled some banks to limit their expansion rate, while others are shutting down their brick and mortar structures to […]

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