Business | NEWS RANGERS

Nigeria Facing Worsening Economic Disaster – IMF Report

LAGOS FEBRUARY 13TH (NEWSRANGERS)-The International Monetary Fund said Nigeria is facing a worsening economic crisis. The global lender stated this in a new report titled, “IMF Executive Board Concludes Post Financing Assessment with Nigeria.” According to the IMF, stalled per-capita growth, poverty, and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria. The […]

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

US To Work With NIMASA To Lift Entry Ban On Vessels From Nigerian Ports

LAGOS FEBRUARY 12TH (NEWSRANGERS)-The United States Coast Guard (USCG) has offered Nigeria a three-year plan to work with the Nigerian Maritime Administration and Safety Agency (NIMASA) for the removal of the Condition of Entry (CoE) placed on American-bound vessels from Nigeria. Cdr. Juliet Hudson at the USCG headquarters in Washington DC disclosed this during a […]

Feb 12 2024 | Posted in Business,National | Read More »

Abandoned Vehicles Litter Nigeria Seaports Over High Tariffs

Lagos February 12th (newsrangers)-Due to the instability and volatility of foreign exchange in the country, several foreign-used vehicles imported into the country have been abandoned at vehicle terminals in Tin-Can Island Ports Complex, Apapa, LEADERSHIP can report. Aside from abandonment, vehicle Importation has gone down drastically due to the same forex instability and volatility. It […]

Feb 12 2024 | Posted in Business,National | Read More »

Reps Committee Commends NPA For Unprecedented Revenue Generation, Remittance

LAGOS FEBRUARY 11TH (NEWSRANGERS)-The House of Representatives Committee on Ports and Harbours has commended the Nigerian Ports Authority (NPA) for its unprecedented revenue generation and remittance into the Consolidated Revenue Fund (CRF). The committee also praised the authority for its efforts in infrastructure and equipment renewal at the nation’s seaports despite challenges beyond its control. […]

Feb 11 2024 | Posted in Business,National | Read More »

One Killed, Scores Injured As Miscreants, Truckers Clash Over Toll Collection At Tin-Can Port

LAGOS FEBRUARY 8TH (NEWSRANGERS)-There was pandemonium on Wednesday at the Tin-Can Island Port as hoodlums attacked members of the Lagos State Cargo and Transport Committee (LASTCOC), killing one and injuring several others. Confirming the attack to newsmen, a member of the committee, Mr Seyi Adekanbi, said they were going to Tin-Can port to inform sensitive […]

Feb 8 2024 | Posted in Business,National | Read More »

Nigerians Lament As Cooking Gas Price Hits N1,300/KG

LAGOS FEBRUARY 7TH (NEWSRANGERS)-Nigerians are feeling the heat, not just from their stoves, but from their wallets as the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has skyrocketed to N1,300 per kilogram. This sharp increase, up from less than N500 in 2018, has sent shockwaves through households nationwide, adding another layer […]

Feb 7 2024 | Posted in Business,National | Read More »

Ethiopia Set To Ban All Non Electric Vehicles With Immediate Effect

LAGOS FEBRUARY 5TH (NEWSRANGERS)-According to Ethiopia’s Transport Minister, Alemu Sime, the country spent €6 billion alone last year importing gasoline and diesel. Apart from being financially unsustainable, the pollution levels in the cities are out of control. The only way out of the conundrum, according to Minister Sime, is an immediate ban on non-electric vehicles […]

Feb 6 2024 | Posted in Business,National | Read More »

Bismi Wholesale To Reward Customers With Fully Equipped Mini Mart, Citroen Cars, iPhones, Others In Dubai Mega Fest

LAGOS FEBRUARY 2ND (NEWSRANGERS)-Bismi Wholesale unveils the “EmpowerMart for AED100” initiative during its 2024 Mega Fest, weaving a tale of empowerment and entrepreneurial dreams. As the curtain rises on this transformative program, the stage is set to nurture budding entrepreneurs and bolster the growth of existing businesses, including hotels, restaurants and cafeterias. A statement signed […]

Feb 2 2024 | Posted in Business,International,National | Read More »

Chinese Billionaire Banker Missing For Almost A Year, Appears, Resigns From Financial Firm

LAGOS FEBRUARY 2ND (NEWSRANGERS)-Chinese billionaire banker Bao Fan, who has been missing for almost a year, has resigned from his financial firm, China Renaissance Holdings Ltd. He stepped down “for health reasons and to spend more time on his family affairs,” the bank said in a statement. Mr Bao’s unexplained disappearance in February last year […]

Feb 2 2024 | Posted in Business,National | Read More »

Dollar Scarcity: Bureau De Change Operators Shut Down Business In Abuja

LAGOS FEBRUARY 1ST (NEWSRANGERS)-The Abuja chapter of Association of Bureau De Change (BDC) Operators has announced the closure of their business premises indefinitely from Thursday, February 1, 2024. The chairman of the Association, Abdulahi Dauran, said the scarcity of US Dollars was responsible for their decision while adding that online banking transactions and cryptocurrency were […]

Feb 1 2024 | Posted in Business,National | Read More »