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…
LAGOS FEBRUARY 4TH (NEWSRANGERS)-The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has disclosed that telecommunications companies (telcos) will commence the full introduction of new tariffs in March. On January 20, the Nigerian Communications Commission (NCC) for granted telecommunications companies (telcos) to implement a 50 percent tariff hike. Three days later, the minister of finance, Wale…
LAGOS FEBRUARY 4TH (NEWSRANGERS)-The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says its members are now loading petroleum products from the Port Harcourt and Warri refineries. In a statement on Saturday, Joseph Obele, PETROAN’s spokesman, said the loading has doused previous doubts that the refineries owned by the Nigerian National Petroleum Company Limited…
LAGOS FEBRUARY 2ND (NEWSRANGERS)-On Friday, almost immediately after the Trump administration announced that tariffs against China, Mexico, and Canada will begin on Saturday, the stock market plunged. White House press secretary Karoline Leavitt told reporters that tariffs of 25 percent would be implemented against Canada and Mexico, and a 10 percent tariff against China. Right…
LAGOS FEBRUARY 2ND (NEWSRANGERS)-Hours after President Donald Trump signed executive orders implementing tariffs on goods from Canada, Mexico and China, the three countries slammed the move and promised retaliatory measures. U.S. allies Canada and Mexico said that they would implement their own tariffs in response to Trump’s, a move that signals further economic upheaval among…
