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…
LAGOS SEPTEMBER 29TH (NEWSRANGERS)-The Minister of Transportation, Mu’azu Jaji Sambo, has said that the Federal Government will in no distant time make a ‘Port Declaration’ of the proposed Ondo Deep Sea Port to herald commencement of other processes at the port. The Minister, who gave this indication when he received the Governor of Ondo…
LAGOS SEPTEMBER 29TH (NEWSRANGERS)-The dollar hit N735 in the parallel market on Wednesday as political campaign activities began in the country. According to Bureau De Change operators in Lagos and Abuja, dollar price had increased from N718 – N720 to N728-N735 in the last one week. A BDC operator at Amuwo-Odofin in Lagos, Bala Usman,…
LAGOS SEPTEMBER 29TH (NEWSRANGERS)-Nigeria has failed to capitalise on an oil price boom that has helped cushion other exporters from the impact of inflation, with millions more Nigerians now facing poverty. Data from Nigeria’s state oil company NNPC shows that it did not contribute anything to state coffers in the first eight months of 2022,…
LAGOS SEPTEMBER 27TH (NEWSRANGERS)-Nigeria’s central bank on Tuesday hiked its main lending rate by 150 basis points to 15.50%, its highest level yet and more than forecast, forging ahead with efforts to rein in inflation and ease pressure on the currency. A Reuters poll of economists had predicted a much smaller 50 basis point hike….