The dialogue concluded with recommendations including the need for MAN and the Joint Tax Board to develop a harmonised framework for nationwide adoption, stronger sensitisation campaigns, provision of dedicated help lines for transporters, and periodic stakeholder engagement to review progress.
PZ Cussons Plc and Wilmar International Limited have agreed definitive terms for Wilmar to purchase the 50 percent equity stake in PZ Wilmar Limited held by PZ Cussons Plc, for a cash consideration of $70 million.” A statement by the company , said that the transaction, which is subject to regulatory approvals, is expected to…
The NAFDAC is being accused of expanding the unemployment problems across the country. This follows its recent ban on the production, distribution and sales of alcoholic drinks in sachets and PET bottles of 200ml and below. In a protest march to the NAFDAC Lagos Office , the protesters – Distillers and Blenders Association of Nigeria,…
The association noted that in the West African sub-region, comparable economies such as Ghana, Côte d’Ivoire, and Senegal have maintained targeted inspection or collection fees within the 0.5% to 1% FOB range, imposing higher levies only on luxury or non-essential imports.
▪︎Shutterstock/asharkyu | Yantian International Container Terminal, Shenzhen, China. UN Trade and Development (UNCTAD) says over 80 percent of world trade volume is carried by sea. UNCTAD discloses this in its latest Review of Maritime Transport 2024: Navigating Maritime Chokepoints. In the publication, UNCTAD reports that the global maritime trade grew by 2.4% in 2023, recovering from…
The President of Dangote Group, Aliko Dangote, says that electricity generation for Nigerians is his next investment. Dangote stated this in a recent interview with New York Times. Dangote, whose conglomerate spans cement, sugar, salt, fertiliser, and petrochemicals, said, ” We have to industrialise Africa.” He emphasised that his next focus areas include the steel…
For Nigeria, in terms of exports, it’s not too bad because oil minerals are excluded by America from being in any way sanctioned with tariffs. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said that the Federal Government’s Economic Team will review the impacts of the ongoing global tariff war…
The Minister of Solid Minerals, Mr. Dele Alake, has unfolded President Bola Tinubu’s seven-point agendas for the solid minerals sector. Alake, during an interactive session with Political Correspondents, today , in Abuja, said that he has the mandate of President Tinubu to ensure that the Solid Minerals sector accounts for at least 50 percent of…
▪︎Image of Helen Keller by National Today The Standards Organization of Nigeria (SON) has been honored with a prestigious award from Helen Keller International. The award was given to SON as part of events marking 25 years anniversary celebrated by HKI,. Helen Keller Day is marked on June 27 . She was was born June…
•Oluwemimo Joseph Osanipin, the Director – General of NADDC. ‘Nigeria First’ policy empowers the BPP to ensure that all (100 per cent) government procurements are made in Nigeria. However, it could approve patronage of imported products where there are no local alternatives. The National Automotive Design and Development Council (NADDC) is eagerly looking forward to…
