LAGOS JUNE 23RD (NEWSRANGERS)-Nigeria President Bola Tinubu has declared that ongoing reforms, starting with removal of fuel subsidy and streamlining of exchange rate, will be sustained for a more competitive economy that attracts Foreign Direct Investment (FDI) into the country. He has, therefore urged foreign investors to take advantage of opportunities in Nigeria. Speaking Thursday…
LAGOS JUNE 22ND (NEWSRANGERS)-Ghana’s economy grew faster than anticipated in the first quarter, driven by the services and agricultural sectors. Gross domestic product expanded 4.2% in the three months through March from a year earlier, compared with 3.7% growth in the previous quarter, government statistician Samuel Kobina Annim told reporters in the capital, Accra, on…
LAGOS JUNE 21ST (NEWSRANGERS)-According to a news that was published by The Guardian Newspaper online, it was reported that some stakeholders in the maritime industry, have expressed happiness due to the removal of the Comptroller General of the Nigeria Customs Service (NCS), Hameed Ali, as they called for his probe for the destruction of trade…
LAGOS JUNE 20TH (NEWSRANGERS)-Reports have emerged that maritime practitioners which include ship owners are owing the Federal Government several billion in tax liabilities accumulated over the past 10 years. BrandSpur Nigeria reports that President Tinubu through his Special Adviser on Revenue, Zacchaeus Adedeji in a bid to recover the huge sum of money, have met…
LAGOS JUNE 20TH (NEWSRANGERS)-President Bola Tinubu on Monday appointed DCG Adewale Bashir Adeniyi as the new acting Comptroller General of the Nigeria Customs Service (NCS). Adeniyi was appointed alongside new service chiefs that will take over the security affairs of Nigeria. Daily Trust idemtifies seven things about the new man at the helm of Nigeria…
LAGOS JUNE 19TH (NEWSRANGERS)-The cost of shipping oil from Nigeria surged the most in more than a year this weekend, prompting some ship owners to stay away from Africa’s largest oil producer, a Bloomberg report has said. Freight for ships hauling about one million barrels of crude from Nigeria to Europe jumped almost $16,000 a…
LAGOS JUNE 19TH (NEWSRANGERS)-Nigerians may need to brace up for tougher times as electricity tariff is set to increase by over 40 per cent in the coming days, a development which may eventually end all forms of energy subsidy in the country. With a monthly subsidy of about N50 billion still in the electricity sector…
LAGOS JUNE 19TH (NEWSRANGERS)-South African businessman, Johann Rupert, has displaced Nigerian billionaire and founder of the Dangote Group, Aliko Dangote as Africa’s richest man as a result of the depreciation of the Naira. Rupert currently boasts a $12 billion net worth according to Forbes Magazine in its Real-time global Billionaires Ranking while Dangote’s net worth…