Image: Inside a plastic recycling factory member of the Manufacturers Association of Nigeria (MAN). The Lagos State Government has announced the commencement of full enforcement of the ban on the use and distribution of Single-Use Plastics (SUPs) across the state, effective July 1, 2025. The announcement was made on Tuesday by the Commissioner for the…
The Federal Government has suspended the implementation of contentious provisions in the Financial Reporting Council (Amendment) Act 2023 following concerns raised by private sector stakeholders. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, announced the decision in a release on Monday. She said the suspension followed a series of high-level consultations with key industry…
” Comptroller-General of Nigeria Customs Service, Bashir Adewale Adeniyi, said: “I am deeply grateful for my election as Chairperson of the Council.” The World Customs Organization (WCO) Council, the governing body of the organization, comprising the Heads of 186 Customs administrations, has formally endorsed Mr. Bashir Adewale Adeniyi, Comptroller-General of Nigeria Customs Service, as its…
The Nigeria Customs Service (NCS) has again been commended by the Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, for its remarkable strides in customs modernisation and trade facilitation. The recognition came during the 145th/146th Sessions Opening of the Customs Co-operation Council, held on Thursday, June 26th, 2025, at the World Customs Organisation…
• President Bola Tinubu shake hands with FIRS Chairman, Zaacheus Adedeji, after he had signed the new tax laws. On Thursday, June 26, 2025, President Bola Ahmed Tinubu officially signed into law four Tax Bills aimed at reforming Nigeria’s tax system. The four bills were the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue…
“Despite global headwinds, Africa’s trade rebounded strongly in 2024, with trade between African countries growing by 12.4% to reach US$220.3 billion, from a contraction of 5.9% in 2023. This shows the tangible benefits of AfCFTA implementation, even as the continent contends with rising inflation, sovereign debt risks, and a persistent trade finance gap.” Dr. Yemi…
Baladna’s Marketing and Communications Director, Aladdin Idilbi, has clarified that the Qatari firm and the Ogun State government hadn’t signed any agreement on building a multi-million dollar factory. Idilbi, in a WhatsApp message, said, “To clarify, the visit to Ogun State Governor, Dapo Abiodun, was purely exploratory, aimed at assessing potential sites for arable and…
Qatar’s dairy giant Baladna Food Industries is bringing in a multi billion dollar investment into Nigeria dairy industry, specifically in Ogun State. The investment which has already been approved by the State’s Governor, Dapo Abiodun, is expected to boost local dairy production and food security. Governor Abiodun, said ” If you could meet 35 percent…
• Dangote Cement 2024 AGM photo Dangote Cement Plc is adding 9 million metric tons (MTA) annual capacity to bring its combined outputs in Nigeria and in other African countries to 61 MTA. The company’s Chairman, Aliko Dangote, disclosed this during the 2024 annual general meeting held in Lagos. Dangote told the shareholders and the directors…
The Nigeria Customs Service (NCS) has expressed a strong commitment to fast-tracking Nigeria’s integration into global trade systems through the adoption of international trade facilitation standards developed by the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT). This assurance was given during a high-level stakeholders’ interactive session organised recently by the Nigerian Export…
