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Naira down to N1,405/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,405 per dollar in the parallel market from N1,400 per dollar on Monday. Likewise, the naira depreciated to N1,379 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria,  CBN, showed that the indicative exchange rate for the market rose slightly […]

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FG has cut import tariffs to 5% for used vehicles, 10% for new — Adeniyi

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.

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Mile 2-Apapa highway gridlock: Police, LASTMA, FRSC, others helpless

RESIDENTS, motorists and business owners along the Berger/Kirikiri corridor, yesterday, blamed the worsening traffic congestion on the Mile 2-Apapa expressway on the proliferation of container terminals in the area, saying the facilities have become the major source of the persistent gridlock.

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