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…
LAGOS MARCH 28TH (NEWSRANGERS)-Commercial banks are set to raise their cash withdrawal limits from the current N20,000-N50,000 range to over N80,000-N100,000, according to multiple bank officials. The move, it was learnt, would help bank branches to tackle lingering queues in some cities across the country. The Central Bank of Nigeria had on Friday directed commercial…
LAGOS MARCH 27TH (NEWSRANGERS)-Israel’s transport minister on Sunday approved an aviation deal with Nigeria that will allow non-stop flights between the countries to begin next month for the first time, the ministry said. The agreement, which still needs cabinet approval in Israel, will let carriers from the two countries to operate flights between Tel…
LAGOS MARCH 24TH (NEWSRANGERS)-President Muhammadu Buhari has again returned the Customs and Excise Management Act amendment bill to the National Assembly for the second time. The bill, which was sent to the president for assent in July 2022 was first returned with fundamental observations which were corrected by the lawmakers and returned to him. The…
LAGOS MARCH 24TH (NEWSRANGERS)-Travellers and travel stakeholders have expressed mixed feelings over the reduction of Basic Travelling Allowance and Personal Travel Allowance (BTA/PTA) to $2000 from $4000. The development which took effect immediately is said to have disrupted the travel plans of some travellers amidst pressure at the black market. With the new policy, Form…
LAGOS MARCH 24TH (NEWSRANGERS)-The Honourable Minister Of Transportation, Mu’azu Jaji Sambo has called on all Muslim faithful to pray for Nigeria in the holy month of Ramadan. Sambo while sharing the Ramadan goodwill message urged members of the public to share love among themselves, especially with the less privileged, and pray for our dear Nation…
LAGOS MARCH 15TH (NEWRANGERS)-Nigeria launched a $672 million fund on Tuesday to support tech and creative sectors for young investors who struggle to raise capital in Africa’s largest economy. The fund – targeting 15 to 35-year-olds – comes at a time when there are concerns locally about the failure of U.S. startup-focused lender SVB Financial…
LAGOS MARCH 11TH (NEWSRANGERS)-There was a protest on Wednesday by some traders selling items on the premises of the Lagos State Vehicle Inspection Centre’s headquarters in the Ojodu area of the state. PUNCH Metro gathered that the traders, on Wednesday, arrived to open their shops on the premises also housing the Federal Road Safety Corps,…