Nigeria’s Industrial sector activities decline in August – CBN PMI
Among the 17 sub-sectors surveyed in the Industry sector, 7 recorded expansions, while the remaining 10 sub-sectors indicated contraction.
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Nigeria Gazettes New tax laws for businesses
Companies transacting in foreign currency may now pay taxes in naira at official exchange rates.
Taiwo Oyedele defends 5% fuel tax
This is not a new tax. It was first introduced into law in 2007, and the intention was to collect that five per cent and use it to fix roads.
Seme Customs Command’s New Comptroller Pledges Improved Trade Flows
Adenuga also assured that the Command would intensify collaboration with key government agencies including the DSS, Police, Immigration, NDLEA, NAFDAC, and the military to strengthen border security and foster a more conducive environment for legitimate trade.
World Maritime Day theme 2025
The World Maritime Day theme for 2025 “Our Ocean, Our Obligation, Our Opportunity” reflects the ocean’s vital role in the world economy, with more than 80% of global trade transported by sea.
Brazil makes formal request to become IEA Member country
Brazil joined the IEA Family as an Association country in 2017.
Negotiations Between NUPENG Dangote Collapse, Enter Day 2
Talks broke down after Sayyu Dantata, who represented the Dangote Group, reportedly walked out on Labour Minister Muhammad Dingyadi and the labour delegation during discussions over the unionisation of Dangote Refinery workers.
Afreximbank, AU and AfCFTA Secretariat Launch R&D Hub
Dr. Yemi Kale, Afreximbank’s Group Chief Economist & MD, Research, emphasised that if Africa merely doubles its R&D spending to 1% of GDP by 2030, we could unlock an estimated $60–70 billion annually in additional value across agriculture, digital technology, and manufacturing.
NUPENG and Dangote Dispute over Union Memberships
The situation escalated when MRS Oil, owned by Dangote’s cousin Sayyu Dantata, began recruiting drivers for the CNG trucks and required them to sign agreements prohibiting union membership.
Nestlé: Philipp Navratil takes over as CEO, following Freixe’s sack over Romance Scandal
The departure of Laurent Freixe follows an investigation into an undisclosed romantic relationship with a direct subordinate which breached Nestle’s code of business conduct