LAGOS NOVEMBER 17TH (NEWSRANGERS)-For a few weeks now, Nigeria’s president Muhammadu Buhari and his aviation minister have insisted that Nigeria Air, a new national carrier first announced in 2018, will begin operations this year with flights between Lagos and Abuja. The government scored a major win in September by getting Ethiopia Airlines to buy a…
LAGOS NOVEMBER 17TH (NEWSRANGERS)-The Ghana Standards Authority is informing the public and more specifically importers of used vehicles that beginning January 1, 2023, all used vehicles imported into Ghana shall be accompanied by a valid Certificate of Conformance (CoC) from an approved body. .The certificate must thus demonstrate conformance of the used vehicle to requirements…
LAGOS NOVEMBER 16TH (NEWSRANGERS)-Importers and agents have lamented losing about N20 million to demurrage as the Vehicle Identification Number (VIN) valuation platform of the Nigeria Customs Service (NCS) at the two major vehicle importing ports in Lagos, Tin Can Island Port and the PTML Port, has been down for eight days with situation yet to…
LAGOS NOVEMBER 16TH (NEWSRANGERS)-A group, Convention on Business Integrity (CBi), has said that its collaborative efforts with Federal Government agencies has resulted in a drastic reduction in the cost of birthing ships in Nigerian ports from $150,000 to $20,000. This was disclosed by a delegation of CBi led by Mr. Olusoji Apampa which paid a…
LAGOS NOVEMBER 15TH (NEWSRANGERS)-A Nigerian court has charged 26 men with conspiracy to commit a maritime offence and attempting to illegally deal in crude oil after authorities accused their supertanker of sailing in Nigerian waters without authority. The captain is an Indian national while the crew members are from Poland, India, Sri-Lanka and Pakistan, court…
LAGOS NOVEMBER 15TH (NEWSRANGERS)-Nigerians have complained that despite the naira’s gains in the past week, the costs of goods and services remain high. Recall that the naira miraculously recovered to N680/$ after reaching an all-time low of N900/$. Black market traders attributed the sudden improvement to eased demand and increased inflows of FX in…
LAGOS NOVEMBER 14TH (NEWSRANGERS)-Bureau de change operators in Adamawa State are rejecting foreign currencies from customers due to growing uncertainty in the parallel market. Some of the money changers interviewed at Jimeta Modern Market in Yola said they were apprehensive over the sudden and continued crash of the dollar which destabilized the parallel market. The…
LAGOS NOVEMBER 13TH (NEWSRANGERS)-The Honourable Minister Of Transportation, Mu’azu Jaji Sambo had assured Nigerians that the Rail Modernization Programme would connect every state capital in Nigeria. The Honourable Minister gave the assurance while delivering a speech on behalf of Vice President Yemi Osibanjo at the 20th Convocation Ceremony of Igbinedion University, Okada. The Minister…