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…
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…