The Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria to justify its proposed subscription price increase, set to take effect on March 1. MultiChoice’s summon is contained in a statement issued by FCCPC’s Director, Corporate Affairs, Mr Ondaje Ijagwu, in Abuja on Tuesday. Ijagwu said the commission had directed the Chief Executive…
The Federal Government has partnered with the Republic of Kazakhstan to strengthen and enhance trade and investment of both countries for economic growth. Amb. Nura Rimi, Permanent Secretary, Ministry of Industry, Trade and Investment, said that the partnership would unlock huge amount of money in the trade and investment sector. Rimi made the remarks while…
The Economic Community of West African States (ECOWAS) has called for strengthening of public-private partnership with the Federation of West African Chambers of Commerce and Industry (FEWACCI) to promote regional integration. ECOWAS Commissioner for Economic Affairs and Agriculture, Mrs Massandjé Toure-Litse, made this known at a consultative meeting between the ECOWAS Private Sector Directorate and…
The Naira appreciated further at the official market on Monday, trading at N1,497.11 against the Dollar. Data from the Central Bank of Nigeria (CBN) website showed that the Naira gained N3.62. This marks a 0.24 per cent increase compared to Friday, Feb. 21, when the local currency closed at N1,500.73 to the Dollar. The Naira…
Ms Yan Yuqing, the Consul General of the People’s Republic of China in Lagos, Nigeria, says African nations should leverage their resources and market advantages to engage more in international cooperation while maintaining sovereignty and economic independence. According to Yuqing, the global trade system is undergoing restructuring, and countries need to strengthen cooperation and dialogue…
Vice-President Kashim Shettima, on Wednesday, reaffirmed Nigeria’s commitment to leading Africa’s digital trade agenda under the African Continental Free Trade Area (AfCFTA). Shettima, represented by the Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole, stated this on Wednesday at the AfCFTA Digital Trade Workshop and Global Market, in Abuja. The News Agency of Nigeria…
The Representatives of European Union member states and European Parliament on Wednesday agreed on new rules to reduce food and textile waste. Waste generated during food processing and manufacturing would be cut by 10 per cent by 2030, and waste from retail, restaurants, food services and households by 30 per cent. According to the negotiators,…
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate declined to 24.48 per cent in January 2025, This is contained in the Consumer Price Index (CPI) rebased results released in Abuja on Tuesday. The News Agency of Nigeria (NAN) reports that the headline inflation rate for December 2024 was 34.80 per cent. The…
The South Korean Government on Monday said that it had suspended the use in the country of Chinese Artificial Intelligence (AI) app DeepSeek. South Korea’s Personal Information Protection Commission (PIPC) justified its decision on the ground of concerns about the app’s data collection practices. The commission said it suspended DeepSeek’s local service at 6 p.m….
Chinese leader, Xi Jinping, met on Monday with executives from the country’s major tech companies amid domestic economic headaches and international trade conflicts, state media reported on Monday. Present at the meeting were Alibaba co-founder Jack Ma, Huawei boss Ren Zhengfei and the founder of the Chinese electric car giant BYD, Wang Chuanfu. Observers viewed…
