LAGOS JULY 30TH (NEWSRAANGERS)-The 70 per cent drop in vehicle importation into the country coupled with global trade disruption, the flotation of the exchange rate, and other factors have led to a 4.5 per cent drop in revenue collection by the Nigeria Customs Service in the first half of this year, according to a document…
LAGOS JULY 28TH (NEWSRANGERS)-On the road linking Niger’s capital Niamey with the south of the country, illegal fuel warehouses have closed and intrepid black-market touts waving petrol canisters at passing cars have become an endangered species. The reason? Neighbouring Nigeria has scrapped its subsidies for petrol — a move that tripled domestic prices and ended…
LAGOS JULY 22BD (NEWSRANGERS)-Customs officers attached to Lekki Deep Seaport have lamented that accommodation issues are the major challenge confronting officers of the Command. Disclosing this in a statement issued on Thursday by the Customs National Spokesman, Abdullahi Maiwada, the Customs Area Controller for Lekki Deep Seaport, Comptroller Dorathy Yisa-Omogbehin stated that the Command has…
LAGOS JULY 22ND (NEWSRANGERS)-The Acting Comptroller-General of Customs, Adewale Adeniyi, has promised to work with sister agencies along Seme border to reduce the number of checkpoints in the corridor. Mr Adeniyi made the promise during his official visit to Seme area command on Friday tasked stakeholders on the need to threat issue of national security…
LAGOS JULY 21ST (NEWSRANGERS)-The Terminal ‘C’ managed by Port and Cargo Limited at the Tin-Can Island of the Nigerian Ports Authority, NPA, is currently burning with cargoes worth millions of Naira destroyed. Although, details on the cause of the fire mishap are still sketchy, Vanguard gathered that emergency responders had been mobilised to the scene…
LAGOS JULY 21ST (NEWSRANGERS)-Nigeria collected a record 5.5 trillion naira ($7 billion) of revenue in the first half as the government improves the tax-collection process in Africa’s biggest economy, the head of the Federal Inland Revenue Service said. The amount surpassed the 5.3 trillion-naira target set by the government for the period, and collections are…
LAGOS JULY 21ST (NEWSRANGERS)-Nigeria’s private sector should work with the government to develop welfare initiatives after economic reforms left people struggling with the cost of living, the country’s top business leaders told Semafor Africa. President Bola Tinubu scrapped a popular fuel subsidy and attempted to unify the exchange rate in his first few days…
LAGOS JULY 20TH (NEWSRANGERS)-Soaring exchange rate has made some importers and agents to abandon some of their cargoes at the seaports. It was learnt that some vehicles had been abandoned immediately government introduced new exchange rate. Because of high import duty, findings from the Nigerian Ports Authority (NPA)’s Shipping Position indicated that only three vessels…