LAGOS MARCH 11TH (NEWSRANGERS)-Nigeria’s rising energy cost and prices of spare parts are threatening haulage business, with operators incurring more losses and struggling to break even. The removal of petrol subsidies and naira devaluation have caused a further surge in prices of vehicle spare parts and diesel, thereby worsening truckers’ woes. BusinessDay findings show […]
LAGOS MARCH 11TH (NEWSRANGERS)-The Nigerian Maritime Administration and Safety Agency (NIMASA) said it has opened a maritime museum, which it said is the first in Africa. The museum is located within the new NIMASA head office building in Victoria Island, Lagos. The agency, in a statement issued weekend, affirmed that “all is set for […]
LAGOS MARCH 10TH (NEWSRANGERS)-Nigerians living in the commercial city of Nigeria, Lagos, and in the Federal Capital Territory (FCT), Abuja, have lamented the over hundred percent increase in the price of sachet water popularly known as “Pure Water.” Water is an essential product to life. According to Fela Anikulapo Kuti, the late afrobeat musician, in […]
LAGOS MARCH 10TH (NEWSRAGERS)-President Bola Tinubu has ordered the Nigeria Customs Service (NCS) to return food items that were confiscated at border communities to owners on the condition that they would be sold in the Nigerian markets. The Comptroller General of Customs, Adewale Adeniyi, disclosed this in Katsina yesterday during an interface with residents of […]
LAGOS MARCH 10TH (NEWSRANGERS)-Nigeria has paused a controversial annual levy that would require businesses employing expatriates to pay $15,000 (£12,000) for a director and $10,000 (£8,000) for other workers. President Bola Tinubu imposed the tax over a week ago, but it was met with widespread condemnation. The Ministry of Interior said on X the levy […]
LAGOS MARCH 7TH (NEWSRANGERS)-Association of Rights And Welfare Of passengers In Nigeria(ARWPAN) has commended Nigeria businessman, Obi Cubana for providing vehicles to ease the cost of transportation in favour of passengers and their goods in Nigeria. Obi, who launched the transport business last year in Port Harcourt, Rivers state extended it to Abuja to create […]
LAGOS MARCH 7TH (NEWSRANGERS)-A former Google software engineer has been charged by the US with stealing trade secrets about artificial intelligence (AI) while secretly working for two Chinese companies. Linwei Ding, also known as Leon Ding, was indicted in California on four charges and arrested on Wednesday. The Chinese national allegedly stole more than 500 […]
LAGOS MARCH 7TH (NEWSRANGERS)-Nigerian Ports Authority (NPA) has disclosed that it recorded unprecedented revenue generation and remittances to the Consolidated Revenue Fund (CRF) of the Federation last year, as its revenue grew from N361 billion in 2022, to N501 billion as of December 2023. NPA said its remittances increased from N93.4 billion in 2022, to […]
LAGOS MARCH 6TH (NEWSRANGERS)-The Congress of Nigerian Maritime Media Practitioners – CONMMEP has expressed shock that despite Nigeria’s amazing natural endowments and potentials, the country is still struggling in every sector of the economy most especially, the maritime. According to the various publications and information that have put the annual worth of trade within […]
LAGOS MARCH 6TH (NEWSRANGERS)-The Manufacturers Association of Nigeria has said that 767 manufacturers shut down operations while 335 became distressed in 2023. This came against the backdrop of exchange rate volatility, rising inflation and other economic challenges that have worsened the investment climate. MAN stated this in a statement in which it condemned the recently […]
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