LAGOS FEBRUARY 6TH (NEWSRANGERS)-Compelled by the exigency of bringing Nigerian Ports up to speed with those of its peers in terms of infrastructure and equipment, the Nigerian Ports Authority (NPA) has secured necessary approvals for an upward review in its tariffs which was last reviewed in the year 1993. The 15% upward increase which is…
LAGOS JANUARY 28TH (NEWSRANGERS)-The UK government will eliminate tariffs on more than 3,000 products it imports from Nigeria in a bid to boost trade with Africa’s largest economy. Nigerian exporters of cocoa, cotton, plantain, flowers, fertilizers, tomatoes, frozen shrimp and sesame seed are among those that will benefit from the new tariff regime outlined in…
LAGOS JANUARY 4TH (NEWSRANGERS)-The Nigerian Electricity Regulatory Commission has said the electricity tariffs being paid by consumers will increase in April this year. NERC disclosed this in its ‘December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020,’ which was dated December 31, 2019. It said the order,…
LAGOS MAY 6TH (NEWSRANGERS)-Oil prices tumbled on Monday after U.S. President Donald Trump said he would sharply hike tariffs on Chinese goods this week, risking the derailment of trade talks between the world’s two biggest economies. U.S. West Texas Intermediate (WTI) crude futures were at $60.57 per barrel at 0646 GMT on Monday, down $1.37…