NAFDAC’s Sachet Alcohol Ban: A Costly Policy Mistake in the Making – MAN
This ban could have severe repercussions, including:- Loss of over N1.9 trillion in investments, primarily from indigenous Nigerian companies.
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Uche Nnaji Resigns Over Certificates Forgery
In a letter thanking President Bola Tinubu for allowing him to serve Nigeria, Nnaji said that he has been a target of blackmail by political opponents, citing some allegations against him, especially certificates forgery.
MAN – Nigeria Customs Sign Policy Document for Supporting Manufacturing Sector
One of the major announcements from the meeting was the approval of strategic exemptions from the 4% FOB surcharge for several categories of manufacturers.
Govt Demolishes Buildings Worth N3bn at Lagos Trade Fair Complex
A visibly agitated plaza owner, who arrived while his shop was being pulled down, screamed from his car that no notice was served before the bulldozers moved in.
Ghanaian cement producers raise concerns over rising imports from Togo
The Ministry of Trade, Agribusiness and Industry, COCMAG CEO George Dawson-Ahmoah said that foreign cement brands, particularly from Togo, are increasingly ‘flooding’ the Ghanaian market without undergoing mandatory product certification by the Ghana Standards Authority.
Nigeria Gazettes New tax laws for businesses
Companies transacting in foreign currency may now pay taxes in naira at official exchange rates.
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.
PUNCH Editorial:Nigeria’s industrialisation imperative
Nigeria’s manufacturing value per person is just $216, compared to $645 in South Africa and $524 in Egypt.
NAFDAC issue Fake products alerts on Promasidor’s Cowbell Milk, cite health risks
The counterfeit products currently in circulation are imitations of the discontinued ‘Our Milk’ packaging and are not manufactured or distributed by Promasidor,” the agency stated.
UBA Lending Business Owners N5bn BoI MSME fund at 9% Interest Rate
I urge eligible businesses to visit any UBA branch or the bank’s official website to begin their application process right away.