The Minister of Works, David Umahi, has called for an urgent meeting with major cement manufacturers in Nigeria to address the alarming increase in the cost of the product. The meeting, scheduled for Monday, February 19, 2024, will be held at the Ministry’s Conference Hall in Mabushi, Abuja. Expressing concern over the rising prices despite…
The Nigerian government has issued a stern warning to Fast-Moving Consumer Goods (FMCG) outlets across the country regarding deceptive pricing practices amidst the current economic challenges. Adamu Abdullahi, the Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), issued the warning, emphasizing the need for transparent pricing information to empower consumers….
Traders at the Dawanau International Grains Market in Kano have refuted claims by the state government that they are hoarding food items, stating that the grains are stored temporarily before being sold to customers. Alhaji Muttaka Isa, President of the Dawanau Market Development Association (DMDA), addressed journalists, emphasizing that they are legitimate dealers who buy…
President Bola Tinubu has issued a directive to the National Security Adviser Nuhu Ribadu, the State Security Service (SSS), and the Nigeria Police to crack down on food hoarders. This decision was made during a meeting with 36 state governors at the State House, where the president expressed concern over the escalating prices of food…
Human rights lawyer, Femi Falana SAN, has called on the Federal Government to consider joining the BRICS economic bloc to enhance Nigeria’s economic prosperity. Falana made this suggestion during an appearance on Channels Television’s Politics Today, highlighting the importance of reducing Nigeria’s dependence on the US dollar. BRICS, comprising Brazil, Russia, India, China, and South…
Lagos State Governor, Babajide Sanwo-Olu, urged foreign investors, particularly those from the United Kingdom, to consider Lagos as their preferred investment destination. He emphasized his administration’s commitment to creating a conducive business environment in Lagos. During a visit by the United Kingdom Secretary of State for Business and Trade, Kemi Badenoch, Governor Sanwo-Olu highlighted the…
A Federal Inland Revenue Service (FIRS) official has clarified that companies earning less than N25 million are not required to pay tax, offering a relief to small businesses across Nigeria. The official, who spoke on the condition of anonymity, emphasized that FIRS does not tax personal income but rather focuses on collecting company income tax….
The Registrar General of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, announced a forthcoming requirement for social media content creators, particularly those on platforms like Instagram and TikTok with substantial followings, to register as businesses and commence tax payments to the government. Magaji made this revelation during a meeting with the managing director of…
Dangote Cement Limited’s Ibese plant, spanning 17 communities in Yewa North Local Government Area of Ogun State, has been a focal point for controversy due to allegations of neglect and environmental degradation raised by locals. Despite being a major producer of cement, with an annual output of 12 million metric tons across its four lines,…
The federal government has stated that some of the agreements reached with organised labour during the October 2023 negotiation meeting are not immediately implementable. One of the agreements, involving the establishment of conversion centres for Compressed Natural Gas (CNG), is said to require more time before it can be realized, as the committee handling it…