Business | NEWS RANGERS

FG Tax Reform Panel Recommends N800/$ Rate For Customs Duties

LAGOS MAY 31ST (NEWSRANGERS)-The Presidential Committee on Fiscal Policy and Tax Reforms has recommended that the federal government adopt an exchange rate of N800 per one US dollar for Customs import duty. This proposal was announced by the committee’s chairman, Taiwo Oyedele, during a press briefing in Oyedele highlighted the challenges businesses face due to […]

May 31 2024 | Posted in Business,National | Read More »

How Prices Of Staple Food Doubled During Tinubu’s One Year In Office

LAGOS MAY 30TH (NEWSRANGERS)-Prices of essential food items in Nigeria surged significantly in April 2024 compared to the same period last year, according to the latest Selected Food Price Watch report from the National Bureau of Statistics (NBS). The report revealed a concerning rise in the cost of staple foods across the board. Here’s a […]

May 30 2024 | Posted in Business,National | Read More »

12 Airline Passengers Sustain Injury After Extreme Turbulence Hits Another Int’l flight

LAGOS MAY 26TH (NEWSRANGERS)-Twelve people were injured aboard a Qatar Airways plane from Doha to Dublin, Ireland, on Sunday after extreme turbulence hit another international flight. The Boeing 787 Dreamliner landed safely at Dublin Airport just before 1 p.m. Sunday. Six passengers and six crew members reported injuries “after the aircraft experienced turbulence while airborne […]

May 26 2024 | Posted in Business,National | Read More »

Eko Disco Announces New Deregulated Prices For Meter

LAGOS MAY 25TH (NEWSRANGERS)-Eko Electricity Distribution Company (Eko Disco) has announced the new, deregulated meter prices for metres deployed under the Meter Asset Provider (MAP) Scheme. The distribution company disclosed this in a statement on its official X account on Friday, revealing prices offered by six different MAP vendors for both single-phase and three-phase metres. […]

May 25 2024 | Posted in Business,National | Read More »

Alcoholic Consumers To Pay More As Breweries Announces Third Price Hikes In Three Months

LAGOS MAY 21ST (NEWSRANGERS)-In what seems to have become a monthly ritual, the Nigerian Breweries Plc has once again announced a hike in the prices of its products that would take effect from April 9, 2024, after it had made similar announcements in February and March 2024. A price review notification the Nigerian Breweries issued […]

May 21 2024 | Posted in Business,National | Read More »

World Bank Blacklists 58 Nigerian Companies, Individuals Over Corruption

LAGOS MAY 17TH (NEWSRANGERS)-The World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move which comes as part of the institution’s ongoing efforts to uphold integrity and transparency in its projects and operations. Among those affected are 39 Nigerian companies previously debarred by the African Development Bank (AfDB), along […]

May 17 2024 | Posted in Business,National | Read More »

Why Dangote Refinery Is Sourcing For US Crude Oil Instead Of Nigeria Supply

LAGOS MAY 17TH (NEWSRANGERS)-Nigeria’s new Dangote mega refinery near Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates, a sign of the challenges that Africa’s largest producer faces in lifting its own oil output. The plant, built by Africa’s richest man Aliko Dangote, […]

May 17 2024 | Posted in Business,National | Read More »

President Tinubu, V/P, VIPs To Pay Tolls At All Federal Airport Gates

LAGOS MAY 16TH (NEWSRANGERS)-President Bola Tinubu, his deputy, Kashim Shettima, and other top Nigetian government officials are now to pay access fees at the gates of the airports across the country. This was disclosed to the State House correspondents by the Minister of Aviation and Aerospace Development, Festus Keyamo, after the meeting of the Federal […]

May 16 2024 | Posted in Business,National | Read More »

NPA Clears Decade –Long Traffic Hold –Up At Mile 2-Tincan-Apapa Road Corridor

LAGOS MAY 16TH (NEWSRANGERS)-The Nigerian Ports Authority (NPA) said it has successfully cleared the decade-long gridlock on the Mile 2-TinCan-Apapa corridor, home to the TinCan and Apapa ports. In a post on its official X account, the NPA attributed the feat to a collaborative effort involving the Lagos State Government, the Nigerian Navy, the Nigeria […]

May 16 2024 | Posted in Business,National | Read More »

Tiny ‘I Better Pass My Neighbour Generator’ Turns To Gold At N140k

LAGOS MAY 13TH (NEWSRANGERS)-Tiny generators known to power the homes of the least wealthy households and shops of the smallest businesses in Nigeria’s commercial capital, Lagos, have gone out of reach for many amid a rapid price surge. “I better pass my neighbour,” the phrase used to describe the generators, now make their owners not […]

May 13 2024 | Posted in Business,National | Read More »