LAGOS JUNE 26TH (NEWSRANGERS)-The Central Bank of Nigeria and the Nigeria Customs Service have taken the ongoing foreign exchange reforms to the maritime sector with a 40 per cent increase in the exchange rate used for calculating import duty. The NCS on Saturday raised the exchange rate used for the calculation of import duty from…
LAGOS JUNE 19TH (NEWSRANGERS)-Nigerians have been reacting to report of 40 percent increase in electricity tariff in the coming days, a development which may eventually end all forms of energy subsidy in the country, according to The Guardian. With a monthly subsidy of about N50 billion still in the electricity sector owing to revenue shortfall,…
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 JANUARY 12TH (NEWSRANGERS)-Against the backdrop of rising exchange rate and other exogenous factors, importation into the nation’s seaports dropped by 40 per cent, even as importers are abandoning Nigerian ports for neigbouring countries over high cost of doing business Stakeholders who spoke with Daily Sun yesterday, said that incessant increases in Customs duty, falling of naira…
LAGOS NOVEMBER 21ST (NEWSRANGERS)-There was a drop of about 40 per cent in the number of imported vehicles that came into the country between January and October this year through the Ports & Terminal Multipurpose Limited compared to the figure for the same period of the previous year. While a total of 192,287 units of…