The Federal Government has declared a state of emergency at the Onne Port in Rivers State following the repeated incidents of importation of dangerous cargo, including arms and ammunition through this port. To this effect, the government said it is immediately implementing emergency protocols at Onne Port for the next three months by conducting thorough…
(Industrial Times) BUA Cement Plc has resolved to dedicate about 400 truck load of cement supplies to South West market to address scarcity of the product in that region. AbdulSamad Rabiu, the Chairman of BUA Cement, disclosed this during the company’s 8th Annual General Meeting (AGM) in Abuja, on Thursday. Rabiu said that the company’s…
Taiwo Oyedele, the Chairman of the Presidential Task Force on Fiscal Policy and Tax Reforms Committee, shares this insight on the Withholding Tax Regulations 2024 now gazetted and published as part of President Bola Tinubu’s economic reforms. How will the new WHT Regulations affect small businesses? Small businesses will enjoy exemptions from withholding tax under the new…
▪︎Cover image: Doris Uzoka-Anite, Minister of Industry, Trade and Investment The latest Nigeria Labour Force Statistics Report Quarter 3,2023, showed that 90.5 percent of women are engaged as self-employed while 84.2 percent of men were self-employed. The reports, released today, by the National Bureau of Statistics (NBS), was funded by the World Bank and the…
(Reuters): South Africa’s manufacturing output fell 6.3% year on year in April, after falling by a revised 1.2% in March, statistics agency data showed on Tuesday.Factory production rose 1.9% month on month in April after falling by a revised 2.5% in March.
British Deputy High Commissioner, Jonny Baxter, said, “When smaller businesses and women entrepreneurs are economically empowered, their whole community benefits.
Danish shipping and logistics company, A.P Moller-Maersk has disclosed a planned investment of $600 million in Nigeria to accommodate more container shipping services in Nigerian ports. The Chairman of A.P Moller-Maersk, Mr. Robert Maersk Uggla, disclosed the decision during a meeting with President Bola Tinubu on the sidelines of the World Economic Forum Special Meeting…
The regulations seek to prohibit the production and use of single-use plastic products below 80 microns in thickness pursuant to Section 26(1), impose taxes on shopping bags with wall thicknesses ranging from 30 to 50 microns under Section 26(2), and restrict a wide range of plastic products listed in the Eleventh Schedule.
Before now, freight used to be $1,500 but it has gone up to about $6,000 and when you now come to Nigeria, the exchange rate for cargo clearance has gone up
The Centre for the Promotion of Private Enterprise (CPPE) has critiqued the Raw Materials Research and Development Council [RMRDC] Bill in the National Assembly, calling for its withdrawal. The RMRDC Bill proposed by Senator Peter Onyekachi Nwaebonyi, which aims to ensure local processing of at least 30 percent of Nigeria’s raw materials before exportation, has…
