NEPC, NBS Sign MoU to Capture Informal Cross-Border Trade Data

NEPC, NBS Sign MoU to Capture Informal Cross-Border Trade Data

By Oluwakemi Kindness The Nigerian Export Promotion Council (NEPC) and the National Bureau of Statistics (NBS) have formalized a partnership through the signing of a Memorandum of Understanding (MoU) to improve data collection on Informal Cross-Border Trade (ICBT) in Nigeria. Speaking at the signing ceremony held at the NBS Headquarters in Abuja, NEPC Executive Director/CEO, Nonye Ayeni, describes the agreement as a significant milestone in Nigeria’s efforts to expand its […]

May 8, 2025 23 4

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Meta Still Liable Despite Threats to Pullout From Nigeria – FCCPC

By Oluwakemi Kindness The Federal Competition and Consumer Protection Commission says WhatsApp's claim that it may be forced to exit Nigeria due to over recent order appears to be a calculated move at inducing negative public reaction and potentially pressuring the FCCPC to reconsider its decision. The FCCPC had investigated Meta Platforms and WhatsApp (jointly referred to as "Meta Parties") for allegedly violating the Federal Competition and Consumer Protection Act […]

May 4, 2025 10 4

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Nigeria’s Non-Oil Exports Hit $1.791bn In Q1 2025

By Oluwakemi Kindness The Nigerian Export Promotion Council, NEPC on Monday, revealed that the nations value of exports in the first quarter of 2025 stands at one point seven nine one billion dollars. The Executive Director of the council, Nonye Ayeni, who disclosed the figures while addressing the journalists in Abuja on Monday, said the amount surpassed the one point four three six billion dollars generated in the first quarter […]

April 28, 2025 21 3

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Tribunal Backs FCCPC’s $220mn Ruling Against Meta, WhatsApp

By Oluwakemi Kindness The Competition and Consumer Protection Tribunal has upheld a $220m fine imposed on Meta Platforms Incorporated, the parent company of Facebook and WhatsApp LLC, by the Federal Competition and Consumer Protection Commission (FCCPC). The Tribunal affirmed the Commission’s authority, saying it complied with prevailing laws, discharged its mandate, and exercised its powers within the confines of the 1999 Constitution (as amended). It ruled that the multiple actions […]

April 26, 2025 10 3

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ITF Abolishes Starter-Kits For Graduates Of Artisan Programmes

Oluwakemi Kindness The Industrial Training Fund, has abolished the practice of handing out Starter-packs to graduands of its skills training programs. Rather, the fund says it is exposing them to certification by both local and international awarding bodies to certify them as fit for both the local and international markets. The Director General of ITF, Dr. Afiz Oluwatoyin Ogun made this known in Abuja while briefing newsmen after the Fund […]

April 14, 2025 26 9

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Chinese Firm To Invest $1bn in Nigeria’s Sugar Industry

Oluwakemi Kindness The National Sugar Development Council (NSDC) has signed a major Memorandum of Understanding (MoU) with SINOMACH, a Chinese conglomerate, for the development of a sugarcane cultivation and processing project capable of producing one million metric tonnes of sugar in the country. The MoU, which is an early fruit of the Nigeria-China Strategic Partnership-an initiative of President Bola Tinubu—has the potential to attract investments of up to one billion […]

April 14, 2025 16 4

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IWD; NEPC, ITC To Host Hershowcase 2025

Oluwakemi Kindness The Nigerian Export Promotion Council (NEPC) in collaboration with the International Trade Centre (ITC), is set for the HerShowcase 2025 in Abuja, Nigeria, under the framework of the United Kingdom (UK) Government-funded SheTrades Commonwealth+ Programme. This landmark event, themed “Trading Beyond Borders,” aims to support women-led businesses (WLBs) to increase their participation in international trade by facilitating networking opportunities with potential buyers and stakeholders, enhancing market exposure, and […]

March 10, 2025 23 40 4

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Suspend Fee Hike, FCCPC Tells MultiChoice

Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of an ongoing investigation into the company’s proposed tariff adjustment. FCCPC disclosed this in a statement on Thursday by its Director of Corporate Affairs, Ondaje Ijagwu. The directive follows MultiChoice’s request for an extension regarding its scheduled appearance before the commission […]

February 28, 2025 12 3 5

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Tax Reform Bills Will Boost Economy – Senator Lad

By: Anayo Akwitti The Special Adviser to the President on Senate Matters, Senator Basheer Lado, CON, has assured Nigerians that the proposed tax reform Bills undergoing a public hearing at the National Assembly will drive economic growth and enhance the standard of living. Speaking during a courtesy visit by a delegation of professors, scholars, and commissioners from Kano State, Senator Lado reaffirmed President Bola Ahmed Tinubu’s commitment to […]

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