Rising Energy, Spare Parts Cost Threaten Haulage Business In Nigeria

  LAGOS MARCH 11TH (NEWSRANGERS)-Nigeria’s rising energy cost and prices of spare parts are threatening haulage business, with operators incurring more losses and struggling to break even. The removal of petrol subsidies and naira devaluation have caused a further surge in prices of vehicle spare parts and diesel, thereby worsening truckers’ woes. BusinessDay findings show…

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AFDB Grants FG $200m To Finance Electricity Project

LAGOS DECEMBER 4TH (NEWSRANGERS)-The Federal Government has been granted $200 million loan for the funding of the nation’s electrification project.“The Board of Directors of the African Development Bank Group has approved a $150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project (NEP),” AfDB said in a statement. “The…

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