LAGOS APRIL 10TH (NEWSRANGERS)-The Port of Tin Can is collapsing, and if nothing is done in the coming years, there will be many problems related towards doing business there. This was disclosed in an interview by Mohamed Bello- Koko, MD of Nigerian Ports Authority, in an interview with Channels TV on Sunday. The NPA Chief…
LAGOS APRIL 7TH (NEWSRANGERS)-The bill to establish the Federal University of Transportation, Daura, Katsina State as a training institution for the development of transportation engineering, logistics and other courses of interest that will support post-modern transportation industry has been assented into law by President Muhammadu Buhari, GCFR. The bill was passed by the Senate on…
LAGOS APRIL 5TH (NEWSRANGERS)-Nigeria has secured $800 million from the World Bank to scale up its national social program ahead of the removal of its costly but popular subsidies on petrol in June, Finance Minister Zainab Ahmed said on Wednesday. Africa’s biggest economy set aside 3.36 trillion naira ($7.3 billion) this year to spend on…
LAGOS APRIL 4TH (NEWSRANGERS)-Nigeria is still struggling to find buyers for its oil as strikes at French refineries and seasonal maintenance at plants elsewhere in Europe curb demand. Little Nigerian crude traded last week, with more than 20 shipments for April loading still hunting for buyers, according to traders specialising in the West African market….
LAGOS APRIL 4TH (NEWSRANGERS)-Nigeria’s six legacy ports, Apapa; Tin Can Island; Calabar; Warri; Port Harcourt and Onne Ports are facing existential threat from the newly operational Lekki Deep Sea port, Business Hallmark can report. The six ports, findings revealed, have continued to lose experienced hands, as well as high value customers to the more modern…
LAGOS APRIL 1ST (NEWSRANGERS)-Multi-national consumer goods producer, Unilever, says it is dumping further production of popular household detergent, “Omo”, “Sunlight” and the equally popular “Lux” toilet soap. The organization which made the disclosure recently, pointed out that the decision is sequel to exit the home care and skin cleansing market as part of its restructuring…
LAGOS MARCH 30TH (NEWSRANGERS)-Thousands of expensive seized vehicles estimated at over N60 billion are presently rotting away at various warehouses of the Nigeria Customs Service (NCS) across the country. The vehicles, which were seized from smugglers, are wasting as the electronic auction (e-auction) platform of Customs has become moribund and useable to the general public….
LAGOS MARCH 28TH (NEWSRANGERS)-The value of used vehicles imported into Nigeria decreased by 47 percent in 2022 to N325.05 billion from N617.48 billion in 2021, according to data from foreign trade from the National Bureau of Statistics (NBS). NBS reports that used cars with diesel or semi-diesel engines cost N72.32 billion to import in the…