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…
LAGOS JUNE 19TH (NEWSRANGERS)-Bill Gates, co-chair of the Bill and Melinda Gates Foundation, will visit Nigeria next week. The billionaire will also be visiting Niger Republic. According to a statement seen by TheCable, Gates’ visit to the two countries is to discuss global health and development with national and local leaders, foundation partners, grantees, scientists,…
LAGOS JUNE 16TH (NEWSRANGERS)-The removal of the peg on the naira thus allowing for a free float will force a review of the assumptions that led to the pump price of petrol at N488 per litre in Lagos, industry operators say. Nigeria’s state-owned oil company, the Nigerian National Petroleum Company Limited (NNPCL) last month issued…
LAGOS JUNE 16TH (NEWSRANGERS)-President Bola Ahmed Tinubu Policy Advisory Council has recommended the declaration of a state of emergency on revenue generation in the country. The council also proposed the merger of the Federal Inland Revenue Service, Nigerian Customs Service, and the Nigerian Maritime Administration and Safety Agency into the Nigerian Revenue Service in order…
LAGOS JUNE 16TH (NEWSRANGERS)-Air travellers across Nigeria have decried the high fares being charged by airlines for domestic flights despite the massive decline in the cost of aviation fuel. Airlines still charge as high as N60,000 for one-way ticket for domestic flights in Nigeria, despite the decline in the cost of aviation fuel from over…