Category archives for: Business

Customs Announces New Venue For Final Screening Of Shortlisted Candidates In S/East, S/South

LAGOS FEBRUARY 25TH (NEWSRANGERS)-The Nigeria Customs Service (NCS) on Wednesday disclosed that Hero’s Square, New Owerri, in Imo State, will be the new venue for the final screening of candidates from the South-East and South-South as it gradually concludes its ongoing recruitment exercise. According to Customs Public Relations Officer, Mr Joseph Attah, the earlier chosen […]

Why Cryptocurrency Black Market Is Booming In Nigeria

LAGOS FEBRUARY 22ND (NEWSRANGERS)-It’s been about two weeks since Nigeria’s Apex bank prohibited regulated financial institutions from dealing with Cryptos or face the wrath. At the fear of Nigeria’s Central Bank, financial institutions immediately began to close crypto-related firms. In the wake of such a ban, the demand for Bitcoin by Nigerians had exponentially grown […]

Buhari Assents To Reduction Of 30% Import Duty On Vehicles

LAGOS FEBRUARY 22ND (NEWSRANGERS)-President Muhammadu Buhari has assented to the reduction of import duty on passenger transport vehicles by 30 per cent, The Nation learnt on Sunday. The reprieve also includes zero or free import duty on aviation engines and spare parts. The directive, according to a circular from the Nigeria Customs Service (NCS), which […]

Global Shipping Leaders Call For Beef-Up Of Naval Presence Of West Africa Coast

LAGOS FEBRUARY 21ST (NEWSRANGERS)-Global shipping leaders are calling for a beefed-up naval presence off west Africa, amid warnings that the region is facing a Somali-style piracy crisis. Vessels passing through the Gulf of Guinea, a vast stretch of water from Senegal to Angola, are suffering increasingly violent attacks by gangs who operate with near “impunity” […]

Four Charged With Smuggling Banned Catfish Into US

LAGOS FEBRUARY 21ST (NEWSRANGERS)-The Department of Justice in New York on Thursday charged four men in the alleged smuggling of banned catfish into the United States. Those charged were Mahmud Chowdhury, Shakil Ahmed, Belayet Hussain and Firoz Ahammad. According to the court complaint, the four worked with Asia Foods Distributor Inc. to smuggle large quantities […]

FG Not Ready To Key Into AFCFTA Concept-Maritime Guru, Enwelu

LAGOS FEBRUARY 20TH (NEWSRANGERS)-The Managing Director/CEO of Mac-Manuel Global Logistics, and  the Vice  President, National Council of Managing Directors of Licensed Customs Agents (NCMDLCA), Mr Emeka Enwelu has confirmed that the Federal Government is  not ready to key into African Continental Free Trade Agreement (AFCFTA) concept. Enwelu who is the Guest Speaker at roundtable chat […]

How Freight Forwarders Can Key Into AFCTA-NAGAF Academy Registrar

LAGOS FEBRUARY 20TH (NEWSRANGERS)-Registrar, NAGAFF Academy, Francis Omotosho explained  how freight forwarders in Nigeria  keyed into African Continental Free Trade Area (AfCFTA) and benefit from the trade concepts. Omotosho while speaking on a round table chat organized by the Maritime Journalists Association Of Nigeria  (MAJAN) titled,  “Preparation Of Freight Forwarders To Key Into AFCTA Concept”  […]

Nigeria Economy Exits Recession But Inflation Continue To Soar

LAGOS FEBRUARY 19TH (NEWSRANGERS)-Nigeria’s economy exited recession in the fourth quarter of 2020, recording its first growth in three quarters as coronavirus-linked lockdown was lifted across the country, the National Bureau of Statistics said in a report Thursday. The report said Gross Domestic Product (GDP) grew 0.11 per cent in the three months between October […]

Peter Obi Hails Obiora Okonkwo’s Launch Of United Nigeria Airlines, Offers Success Tips

LAGOS FEBRUARY 17TH (NEWSRANGERS)-Former Governor of Anambra State, Mr Peter Obi, has congratulated the Founder of United Nigeria Airlines, High Chief Dr Obiora Okonkwo, following the recent successful launch of operations by the airlines. United Nigeria Airlines had, on February 12, 2021, made its inaugural flight from the domestic wing of Murtala Muhammed International Airport, […]

Shippers Call For Action After Gulf Of Guinea Piracy Surge

LAGOS FEBRUARY 17TH (NEWSRANGERS)-The Mozart was 200 miles off Nigeria’s coast when the pirates made their assault, their speed boat cutting through the Gulf of Guinea’s waters to outpace the container ship. Armed men scrambled onboard as the Turkish crew locked down in the ship’s “citadel” secure area. For six hours, pirates used the ship’s […]

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