LAGOS OCTOBER 18TH (NEWSRANGERS)-The Nigeria Liquefied and Natural Gas company has declared force majeure because of widespread flooding that has disrupted supply, a spokesman for the company said on Monday. Force majeure is a common clause in contracts which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the…
LAGOS OCTOBER 18TH (NEWSRANGERS)-Nigeria’s inflation rate hit a fresh 17-year high in September, stoked by a slide in the value of the naira that raised the cost of imported goods like gas and liquid fuel. Annual inflation accelerated to 20.8%, compared with 20.5% in August, according to data released by the National Bureau of Statistics…
LAGOS OCTOBER 16TH (NEWSRANGERS)-A passenger jet flying from Turkey to the UK was intercepted by fighter jets shortly before it was due to land on Wednesday following an alleged security threat. The flight, LS922, from Dalaman in Turkey to Manchester Airport, operated by regional airline Jet2, was diverted to land at London Stansted Airport, around…
LAGOS OCTOBER 14TH (NEWSRANGERS)-The Federal Government Government is considering unbundling the Nigerian Railway Corportion to make its services more efficient and effective. The Minister of Transportation, Mu’azu Jaji Sambo, made this disclosure yesterday in Abuja when members of the NRC Governing Board paid him a courtesy visit. According to him, the…
LAGOS OCTOBER 14TH (NEWSRANGERS)-The Minister of Transportation, Mu’azu Jaji Sambo, has stated that Maritime Workers are vital not only to the maritime industry but to Nigeria’s economy as a whole. The Minister who stated this yesterday when the President, Maritime Workers’ Union of Nigeria (MWUN), Comrade Adewale Adeyanju, led its Executive Council on a courtesy…
LAGOS OCTOBER 13TH (NEWSRANGERS)-The International Chamber of Commerce (ICC) Nigeria has called for collaboration with Nigerian Shippers’ Council (NSC)to aid trade facilitation in Africa. The Chairman, ICC Global Customs & Trade Commission, Mr. Segun Olugboyegun made the call when he led a delegation on a courtesy visit to the NSC’s Headquarters in Lagos on Wednesday….
LAGOS OCTOBER 9TH (NEWSRANGERS)-It is still unclear what the loss and casualties are as a fire outbreak on Sunday morning gutted a building at the Balogun Market located on the Lagos Island area of Lagos. This is the fifth time the market has gone up in flames. A similar incident occurred at the market sometime…
LAGOS OCTOBER 4TH (NEWSRANGERS)-Investigations have revealed that over 8,000 stranded overtime cargoes, valued at about N3 trillion, are currently littering the country’s three major seaports – Apapa, Tin Can and Onne – with little or no effort made to find a lasting solution to the nuisance caused by the scraps. Findings revealed that over 2,000…