LAGOS AUGUST 21ST (NEWSRANGERS)-There is a growing concern over the increase in attacks on barges anchored at the ports in Lagos, Vanguard Maritime Report can authoritatively report. Investigations by Vanguard Maritime Report revealed that the increase in attacks may not be unconnected to the success recorded by the attackers who come in speed boats and heavily…
LAGOS AUGUST 20TH (NEWSRANGERS)-Cargoes destined for Nigerian seaports are now being diverted to neighbouring countries of Ivory Coast, Ghana and Cameroon by importers due to the consistent server breakdown experienced at seaports, LEADERSHIP learnt. For the past few days, Apapa and Tin-Can Island ports complex have been experiencing persistent server breakdown, a situation that has…
LAGOS AUGUST 20TH (NEWSRANGERS)-The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days. The local currency fell to 517 against the US currency at the parallel market on Wednesday. At the Investors and Exporters’ window, the naira weakened by 0.06 per cent to close…
LAGOS AUGUST 18TH (NEWSRANGERS)-The House of Representatives’ Committee on Finance has invited the Office of the Accountant-General of the Federation, the Nigeria Customs Service and the Budget Office of the Federation to appear on Monday and explain issues surrounding the collection and appropriation of the Nigerian Shippers’ Council, especially a two per cent Ports Development…
LAGOS AUGUST 18TH (NEWSRANGERS)-Sterling Bank Plc is currently enmeshed in a N1.7 billion fraud scandal in which bank officials and a businessman colluded to siphon the said amount from a customer’s account. The case which is currently before an Ikeja High Court, Lagos, details how an official of the bank, Ifeanyichukwu Shallom Isituah and a…
LAGOS AUGUST 18TH (NEWSRANGERS)-The Central Bank of Nigeria has warned that abusers of naira notes will be prosecuted by the financial regulator in collaboration with other regulatory bodies such as the Nigeria Police Force, Federal Inland Revenue Service, the Economic and Financial Crimes Commission and the Nigerian Financial Intelligence Unit. The warning, according to the…
LAGOS AUGUST 18TH (NEWSRANGERS)-The Controller General of Nigeria Customs Service, Hameed Ali, has blamed the Nigerian National Petroleum Corporation (NNPC) for the high rate of smuggling of fuel across Nigerian borders. He said he had on many occasions proposed to the NNPC to establish petroleum retail outlets in neighbouring countries to curtail smuggling of fuel…
LAGOS AUGUST 13TH (NEWSRANGERS)-Nigerian importers have continued to further hit in losses running into billions of naira on their cargoes trapped at Benin Republic borders. Daily Sun learnt that the situation forced some importers to pay additional costs to reroute the goods via Togo port to Nigeria. Last month, the government of the Republic of Benin…