LAGOS FEBRUARY 12TH (NEWSRANGERS)-The Nigerians Customs Service has suspended the implementation of the widely criticised four per cent Free-on-Board value on imports. A statement signed by the Customs National Public Relations Officer, Abdullahi Maiwada, disclosed the latest development on Tuesday in Abuja. The amount, as stipulated in Section 18(1)(a) of the Nigeria Customs Service Act…
LAGOS FEBRUARY 12TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has revealed new transaction fees for Automated Teller Machines (ATMs), set to take effect on March 1, 2025. A circular, signed by John Onojah, the acting director of the financial policy and regulation department, explained that the revised charges aim to address increasing operational costs and…
LAGOS FEBRUARY 12TH (NEWSRANGERS)-MTN Nigeria, one of the country’s leading telecommunications providers, has started significantly increasing its data tariffs. The company also confirmed this in a response shared on its X (formerly Twitter). The company wrote: “Y’ello! Thanks for stopping by, We apologise for any inconvenience and delayed Response. A price increase has been implemented…
LAGOS FEBRUARY 12TH (NEWSRANGERS)-MRS Oil Nigeria Plc has announced a reduction in the prices of Premium Motor Spirit (PMS), popularly known as petrol across in the country. Announcing the reduction on its official X handle on Monday, the company said petrol will now be sold at ₦925 per litre in Lagos, reflecting a drop from…
LAGOS FEBRUARY 10TH (NEWSRANGERS)-The imposition of a four per cent increase in charges on all consignments imported into the country by the Nigeria Customs Service (NCS), last week, drew disapproval from manufacturers, economists and other stakeholders at the weekend. The stakeholders said the hike could plunge Nigerians into deeper financial crisis. Experts also said raising…
LAGOS FEBRUARY 6TH (NEWSRANGERS)-Compelled by the exigency of bringing Nigerian Ports up to speed with those of its peers in terms of infrastructure and equipment, the Nigerian Ports Authority (NPA) has secured necessary approvals for an upward review in its tariffs which was last reviewed in the year 1993. The 15% upward increase which is…
LAGOS FEBRUARY 6TH (NEWSRANGERS)-The Nigerian National Petroleum Company Limited (NNPC) has deployed five new Compressed Natural Gas (CNG) cascades at designated stations in Abuja, effective today. This move aims at enhancing the supply of CNG, providing users with improved access and a more efficient refueling experience. The NNPC reaffirmed its commitment to ensuring a smoother…
LAGOS FEBRUARY 4TH (NEWSRANGERS)-Elon Musk’s Starlink has already transformed global internet access, but now it’s taking connectivity a step further. The latest innovation—Direct-to-Cell—enables standard iPhones and Android phones to make calls from anywhere on Earth, without requiring additional hardware. This development could change the way we think about mobile networks. Picture yourself deep in a…