LAGOS JULY 20TH (NEWSRANGERS)-Nigeria’s official currency exchange rate is once again widening a gap with the parallel-market rate, shrugging off a brief convergence spurred by central bank actions. The naira closed at 743 per dollar on the platform accepted as the official rate by the central bank on Tuesday, according to data compiled by Bloomberg….
LAGOS JULY 18TH (NEWSRANGERS)-The Nigeria Customs Service, on Monday, said it intercepted 31 rifles and ammunition coming to Nigeria from the United States in the first two weeks of July. Addressing journalists at the Federal Operations Unit, Zone A Ikeja, Lagos, the acting Controller-General of Customs, Adewale Adeniyi, said the contrabands were seized at the…
LAGOS JULY 18TH (NEWSRANGERS)-The Acting Comptroller General of the Nigeria Customs Service, NCS, Adewale Adeniyi has announced the dissolution of the CGC Strike Force. The directive is contained in a circular with No. EII/2023/CIRCULAR NO.004 and signed by the Deputy Comptroller General (DCG) E, I&I, M. Abba-Kura on Monday 17th July, 2023. The CG further…
LAGOS JULY 16TH (NEWSRANGERS)-Strikes by airport and airline staff grounded hundreds of flights and left thousands of travellers stranded in Europe on Saturday at the height of the busy summer tourism season. In Italy, some 1,000 flights, both domestic and international, were cancelled as a result of the strike by ground crew, according to airport…
LAGOS JULY 16TH (NEWSRANGERS)-The forex reform of President Bola Tinubu is seen to be having a positive impact on inflow of remittance into the country. The reform aims to address the challenges of foreign exchange by floating the Naira, allowing market forces to determine the exchange rate. Many Nigerian big firms have since then…
LAGOS JULY 14TH (NEWSRANGERS)-The Nigeria Civil Aviation Authority (NCAA) has indefinitely suspended the operations of all Boeing 737 aircraft of domestic carrier, Max Air, over unsafe occurrences. This was contained in a letter dated July 12, 2023, and marked NCAA/DG/AIR/11/16/363. The suspension is with immediate effect. The letter which was titled, ‘suspension of parts A3…
LAGOS JULY 13TH (NEWSRANGERS)-The House of Representatives has resolved to constitute an ad hoc committee to investigate alleged fictitious contract awards, gross mismanagement of billions of naira and lopsided placement of directors by the Nigerian Maritime Administration And Safety Agency. The ad hoc committee was given three months to conclude the probe and report back…
LAGOS JULY 12TH (NEWSRANGERS)-In its report, the NCAA said the 11 domestic airlines operating in the country had 284 flight cancellations in the first quarter of the year. It seems like no matter which airline travellers choose, they’re all facing the same chaos in Nigeria. Recently, Khadijah Ibrahim was left stranded at the Nnamdi Azikiwe…