LAGOS MAY 15TH (NEWSRANGERS)-The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced the appointment of 12 banks as Primary Lending Institutions (PLIs) for the disbursement of the over $360 million Cabotage Vessel Financing Fund (CVFF). Daily Trust reports that the agency, had in 2023, appointed five banks as PLIs for the disbursement of the…
LAGOS MAY 15TH (NEWSRANGERS)-The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of Premium Motor Spirit (PMS), also known as petrol, to N910 per litre from N935 per litre in Abuja. However, the price adjustment has not yet been implemented in Lagos and other cities across Nigeria. Meanwhile, Dangote Petroleum Refinery initiated the…
LAGOS MAY 12TH (NEWRANGERS)-In alignment with the Renewed Hope Nigeria First policy of President Bola Tinubu, the Comptroller-General of Customs (CGC) of the Nigeria Customs Service (NCS), Adewale Adeniyi, has initiated the process of purchasing locally assembled cars for the organisation. According to the spokesman of the organisation, Abdullahi Maiwada (AC), several car assembly plants…
LAGOS MAY 12TH (NEWSRANGERS)-The Dangote Petrolchemicals Refinery has effected another reduction in the ex-gantry price of its Premium Motor Spirit also known as petrol below the publicly announced N835 per litre. Sources confirmed on Monday that the refinery has reduced its price to N825 per litre for its customers, through a rebate of N10 after…
LAGOS MAY 12TH (NEWSRANGERS)-The Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has announced plans to resume crude oil exploration activities in Kolmani, located between Gombe and Bauchi states. Ojulari made the disclosure during a recent interview with BBC Hausa. According to him, the company is fully prepared to return…
LAGOS MAY 7TH (NEWSRANGERS)-Cascador, Nigeria’s premier accelerator for mid-stage entrepreneurs, has announced a landmark partnership with Sterling Bank to launch a bold new debt funding model to unlock growth for Africa’s most promising ventures. Backed by a $2 million Catalytic Fund, the partnership introduces flexible, founder-friendly financing for Cascador alumni; pairing low-interest debt with business…
LAGOS MAY 5TH (NEWSRNAGERS)-With significant interest, the Newspaper Proprietors’ Association of Nigeria (NPAN) has received the news that the Competition and Consumer Protection Tribunal (CCT) upheld the $220 million fine imposed on Meta Platforms Incorporated, the parent company of Facebook, WhatsApp and Instagram. The penalty was imposed after a 30-month investigation between 2021 and 2023…
By Ifeanyi Nwabuogu LAGOS MAY 2ND (NEWSRNAGERS)-Men of Nigerian Custom Service (NCS) has intercepted high tech drones, unregistered pharmaceutical and other sophisticated items valued at N912 billions between the month of January and April 2025 in the year under review. This was disclosed to newsmen by Controller General of Nigerian Custom Service, Wale Adeniyi in…