LAGOS JUNE 2ND (NEWSRANGERS)-There are indications that the nation may soon start experiencing more cargo diversions to neighbouring West African ports as well as increase in freight rates due to the collapse of both Tin Can and Apapa quay aprons. A quay is part of the port where…
LAGOS JUNE 2ND (NEWSRANGERS)-Hundreds of port users were yesterday stranded and left with no choice than to trek kilometers from Apapa to Tin Can Island Ports amongst other long distances to meet up with their business engagements as the ban on Okada operators kicked off in six local government areas of the state. A visit to the…
LAGOS JUNE 2ND (NEWSRANGERS)-The Nigerian Army has dismissed the social media reports alleging the complicity of its troops in the recent kidnap of the Prelate of the Methodist Church of Nigeria, Samuel Kanu-Uche. The Director, Army Public Relations, Brig.-Gen. Onyema Nwachukwu, said this in a statement on Wednesday in Abuja. Nwachukwu said the insinuation that…
LAGOS MAY 28TH (NEWSRANGERS)-Elon Musk announced in a tweet on Friday that Starlink, the satellite internet service launched by SpaceX, his space exploration company, has been approved in Nigeria and Mozambique. This news is coming three days after Musk answered a tweet about the service launch in Africa. “Yes, first countries in Africa to be…
LAGOS MAY 26TH (NEWSRANGERS)-The CBN says online media reports purporting the sacking of the bank’s governor, Mr Godwin Emefiele, is untrue. Head of Corporate Communications at the CBN, Osita Nwanisiobi, made the rebuttal on Wednesday in Abuja . Emefiele is currently out of the country on official assignment. African Examiner reports that Emefiele has been…
LAGOS MAY 26TH (NEWSRANGERS)-Customs officers in Burkina Faso seized a record haul of around 115 kilograms of cocaine worth more than $11.5 million last week, the directorate general of customs said in a statement on Wednesday. The drugs were intercepted on Thursday along the main road linking the southwestern city of Bobo to the capital…
LAGOS MAY 26TH (NEWSRANGERS)-Nigerian banks require up to one month to provide customers with dollars for their offshore expenses, a move that will limit access to the currency at a time when the central bank is squeezing supplies to banks, industry sources said on Wednesday. Nigeria is facing chronic dollar shortages while rising demand has…
LAGOS MAY 18TH (NEWSRANGERS)-The average U.S. gas price continues to reach record highs, with every state averaging at least $4 a gallon, and experts say it will continue to climb. The average for a gallon of gas is $4.52, according to AAA, a 15 cent jump from last week and 35 cent increase from when…