LAGOS JULY 7TH (NEWSRANGERS)-The Comptroller-General of the Nigeria Customs Service, NCS, Adewale Adeniyi, said yesterday the federal government has reduced the import tariffs on used vehicles from 15 per cent to five and on brand-new vehicles from 20 per cent to 10. Adeniyi spoke when he appeared before the House of Representatives Committee on Customs and…
LAGOS SEPTEMBER 13TH (NEWSRANGERS)-The Dangote Petroleum Refinery has announced it will begin the direct distribution of Premium Motor Spirit (PMS) to filling stations across Nigeria from Monday, September 15, 2025, with a corresponding reduction in pump prices. In a statement on Thursday, the company said the gantry price has been reduced to N820 per…
LAGOS JULY 2ND (NEWSRNAGERS)-Dangote Petroleum Refinery has reduced the ex-depot price of premium motor spirit (PMS) to ₦840 per litre, representing a ₦40 drop from its previous rate of ₦880. The price cut comes amid concerns over rising pump prices and ahead of a planned nationwide distribution rollout scheduled for August 15. The announcement was…
LAGOS MARCH 16TH 9NEWSRANGERS)-The price war in the downstream oil sector continued on Thursday as the Dangote Petroleum Refinery quietly implemented a price reduction at its loading gantry, reducing the loading cost of its petrol from N825 per litre to N815 per litre. It was gathered that the new pricing structure introduced on Thursday was…
LAGOS MARCH 3RD (NEWSRANGERS)-The Nigerian National Petroleum Company Limited (NNPC) has announced a reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N860 per litre. This decision comes amid an intensifying price war among major marketers and independent petroleum dealers, as well as fluctuations in global crude oil prices….
LAGOS JUNE 25TH (NEWSRNAGERS)-Napoli have reduced their asking price for striker Victor Osimhen to €100 million after struggling to find takers when they insisted on his €150m release clause. According to Calciomercato, Napoli are ready to accept proposals of €100m for the Nigerian international, putting his former suitors on red alert. Premier League giants Arsenal…
LAGOS MARCH 28TH (NEWSRANGERS)-On Tuesday, trades had been consummated between N1,486 and N1,300 to the dollar. At the end of yesterday’s trading, a total volume of $245.58 million had been traded on the NAFEM. LEADERSHIP reports that the recent slash came barely 48 hours after the apex regulatory bank slashed the Customs exchange rate from…
LAGOS JANUARY 10TH (NEWSRANGERS)-In a move to cut cost of governance at the centre, President Bola Tinubu has directed that all official entourage to state and international events be drastically slashed by 60 percent. He has also directed that for every local trip of government, security details will henceforth be drafted from the host state….
