Africa Business Council (AFBC) has called for a coordinated effort and actions that improve intra-African trade and effectively implement the African Continental Free Trade Area. The council was established in line with AU assembly decision to boost intra-African trade and fast-tracking the establishment of African Continental Free Trade Area (AfCFTA). Africa Business Council President Amany…
The EU-Africa Business Forum (EABF) has been the main event preceding the AU-EU Summit since 2006. It is a strategic occasion for EU and African private sectors to identify and/or consolidate joint opportunities in the spirit of the Comprehensive Strategy with Africa and the Africa-Europe Alliance for sustainable investment and jobs. The EABF is a…
The Federal Competition and Consumer Protection Commission (FCCPC) is currently engaging multiple regulators and entities involved in the distribution of Premium Motor Spirit (PMS) that do not comply with established, applicable, and prevailing standards. The Chief Executive Officer of the Commission, Mr Babatunde Irukera, who disclosed this in a statement said in the process of…
Members of the Maikifi/Brittania-U Consortium have offered clarifications on responsibility for the adulterated fuel ,explaining that ” the said importation of the contaminated PMS was executed by a member of the consortium, to wit: Brittania-U” The full statement by the consortium reads as follows: “We refer to the press release of February 9, 2022 by…
Duke oil limited , a subsidiary of the NNPC limited has been listed as one of the companies that imported adulterated fuel. It is not clear who the head of the company is and it is not clear who is running the firm after mass resignation of its directors a year ago. A group named…
The UN Resident and Humanitarian Coordinator in Nigeria, Matthias Schmale; has said that $1.1 billion (N506 billion) would be required for humanitarian assistance in the Northeast. The 12-year Boko Haram insurgency has also killed 40,000 people with destroyed property worth S9.1 billion (N3.42 trillion) in Borno, Adamawa and Yobe states. According to him, about 8.4…
The Nigeria Export Processing Zones Authority (NEPZA) has described the sustained commitment of the President Muhammadu Buhari-led administration in bridging the infrastructure gaps in the Calabar and Kano Free Trade Zones as unparalleled move toward ensuring the two public zones became dependable economic gateways. Prof. Adesoji Adesugba, Managing Director of the Authority made the remark…
The Federal Inland Revenue Service has notified the taxpaying public of the introduction of “Self-Service Stations” in all the FIRS Tax Offices nationwide to support taxpayers in utilizing the TaxPro Max solution. To enhance voluntary tax compliance, the Stations will, among others, provide taxpayers the opportunity to carry out the following services online while in…
The Nigerian National Petroluem Company limited has been accused of failing to enforce due diligence on imported fuel , leading to current crisis. A cross section of Nigerians interviewed by our reporters in Abuja, Lagos and Kano questioned the failure of the company to ensure appropriate quality of fuel before distribution to Nigerians. While calling…
The Nigerian National Petroleum Company (NNPC) Limited has reassured Nigerians of its capacity to restore sanity in the supply and distribution of quality Premium Motor Spirit (PMS) also known as petrol across the country within a short period. The Chief Executive Officer/ Group Managing Director of NNPC, Mallam Mele Kyari made the pledge at the…
