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…
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…