LAGOS MAY 5TH (NEWSRANGERS)-President Bola Tinubu has ordered a ban on importation of foreign goods, especially those that can be produced locally in Nigeria. Tinubu also placed a caveat on expatriates coming into Nigeria to execute jobs, which local contractors and artisans can undertake, unless there is convincing justification for it, including express permission from…
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 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…
LAGOS NOVEMBER 17TH (NEWSRANGERS)-The Ghana Standards Authority is informing the public and more specifically importers of used vehicles that beginning January 1, 2023, all used vehicles imported into Ghana shall be accompanied by a valid Certificate of Conformance (CoC) from an approved body. .The certificate must thus demonstrate conformance of the used vehicle to requirements…
LAGOS DECEMBER 14TH (NEWSRANGERS)-The Federal Government has set a 2023 deadline to stop the importation of petrol into the country. Nigeria, an oil-producing country has been heavily dependent on the importation of petroleum products since its four major oil refineries have been under-utilized. According to the Group Managing Director of the Nigerian National Petroleum Corporation…