Black Market
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▪︎Cover image credit: MAN NIRAM Exhibition photo The President of the Port Harcourt Chambers of Commerce, Industries, Mines and Agriculture (PHCCIMA), Mr. Mike Elechi, has given insights into the economic benefits of participations in international trade fairs by both local and foreign exhibitors. The economic importance of trade fair is very enormous. It is an…
A Lagos-based public affairs analyst, Omonaye Okoro, has faulted the Corporate Accountability and Public Participation Africa (CAPPA ) calls for increased taxation on Sugar-Sweetened Beverages (SSBs). In his opinion piece titled “Nigeria’s Sugar “Crisis” Is a Myth – And Our Economy May Pay the Price for Believing It,” Okoro noted that the CAPPA’s recent report,…
• Wale Edun, Minister of Finance The Federal Government in its revised import prohibition list, dated April 1, 2026, banned seventeen traded products for the protection of domestic industries and managing foreign exchange. The items categorised by the Federal Ministry of Finance carries significant implications for importers, clearing agents, and the general public, as it…
The new directive is long overdue, and the government, being the biggest spender, would do well to lead by example.
This will certainly send the right signals and raise consumer confidence in made-in-Nigeria products.
Nigeria is among the countries subject to the 12.5 percent tariff, while India, Indonesia, Malaysia, Mexico and the United Kingdom will face a lower 10 percent rate after adopting or committing to implement bans on imports linked to forced labour.
MTN named eight collection centres across the country where customers can deposit their items. The locations cover Lagos, Abuja, Kano, Jos, Delta, Port Harcourt, and Ibadan.
Today, UNIDO says that it has helped over 400 enterprises around the world to convert their industrial production lines to climate-friendly options and supports the member states with its technical expertise and best practices from its projects. UNIDO Director- General Gerd Müller, disclosed this in a statement to mark the 2024 World Ozone Day. The theme for this year’s…
Before IFC’s investment, the factory processed about 8,000 metric tons of cocoa each year. It now processes more than double that—16,600 metric tons annually—and newly installed machinery is expected to increase the plant’s processing capacity to 24,000 metric tons once it is fully operational
Dr Abbas Junaid Waziri, the managing director of Resident Cement Company, has expressed interest to establish a cement factory in the Gwana district of Alkaleri Local Government Area of Bauchi State. The State Governor, Bala Abdulkadir Mohammed, who disclosed this, said that Resident Cement Factory has resolved to invest $1.5 billion in establishing the Gwana…
