LAGOS MAY 11TH (NEWSRANGERS)-The Federal High Court sitting in Yenagoa, Bayelsa State on Tuesday delivered a landmark judgment confirming the authority of the Nigerian Content Development and Monitoring Board (NCDMB) to collect the one percent Nigerian Content Development Fund (NCDF)levy from every contract awarded in the Nigerian oil and gas upstream transaction as mandated under…
LAGOS MAY 11TH (NEWSRANGERS)-The Chairman of the Dangote Group, Aliko Dangote, has flayed the Nigeria Customs Service, Nigerian Ports Authority and the Nigerian Shippers’ Council for the congestion of the nation’s ports. Dangote slammed maritime sector stakeholders in his remarks at the third ‘Race to US$200bn In FX Repatriation’ Non-Oil Export Summit of the Central…
LAGOS MAY 10TH (NEWSRANGERS)-Corruption has become an integral norm at Lagos ports and all efforts to curb the menace by authorities at various levels seem to have failed. Extortion and brutality of truckers have become a game played by both state and non-state actors along the port corridors. Investigations have so far revealed that no…
LAGOS MAY 9TH (NEWSRANGERS)-Infini Power Limited (IPL), a member of Tetracore Energy Group in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB) and the Gas Aggregation Company of Nigeria (GACN), have signed a Power Purchase Agreement (PPA). The PPA is targeted at supplying Independent Power to the Nigerian Oil and Gas Park…
LAGOS MAY 9TH (NEWSRANGERS)-Vehicle imports into Nigeria crashed by 128 per cent between the first quarter of 2023 and the corresponding period of 2021, findings by The PUNCH have shown. A document obtained exclusively from the Nigeria Customs Service by the paper showed that in the first quarter of 2023, a total of 51, 782…
LAGOS MAY 5TH (NEWSRANGERS)-For placing a restriction order on some customers’ accounts, Zenith Bank has been ordered to pay N2 billion in favour of Tsami Babi Nig. Ltd, Amsamay Ltd and M A.Y Fine Fragrance as damages. A Lagos High Court sitting at Court 44, Commercial Division, Osborne Foreshore, Phase2 Court House, gave the order….
LAGOS MAY 4TH (NEWSRANGERS)-The Association Nigerian Licensed Customs Agents (ANLCA) has rejected the 20 percent reduction in tariff being put forward by the two handling companies in the aviation industry, Skyway Aviation Handling Company SAHCO and Nigerian Aviation Handling Company NAHCO. At a meeting held Tuesday to resolve the issues between the agents and the…
LAGOS APRIL 30TH (NEWSRANGERS)-The Federal Government has introduced new set of taxes on beer, imported vehicles and single use plastics. It has also added to the list of items banned from being imported into the country. Under the newly introduced taxes, the Federal Government will charge N75 per litre of beer or stout imported into…
