The French Minister of Foreign Trade and Attractiveness, Franck Riester, had arrived in Nigeria to open the ‘Choose Africa’ conference, a €3.5 billion initiative by the France President, Emmanuel Macron, which is dedicated to supporting the development of start-ups and SMEs in Africa. Riester said the initiative would enable the […]

France is donating approximately €6 million to finance the World Trade Organisation’s (WTO) technical assistance programmes for developing countries and least-developed countries (LDCs) from 2021 to 2023. The intervention is aimed at improving participants’ understanding of global trade rules and standards. French Finance Minister, Bruno Le Maire and the country’s […]

To evolve a vibrant commodities trading ecosystem to boost foreign exchange earnings, the Securities and Exchange Commission has released new rules covering warehousing and collateral management and other matters. According to the rule, every warehouse that stores commodities to be traded on a registered Exchange shall apply to be registered […]

The Federal Inland Revenue Service (FIRS) says any company that wishes to pay income taxes in instalments must apply in writing before the due date of filing. According to a statement signed by Muhammad Nami, the FIRS executive chairman, the application must be accompanied by evidence of full payment of […]

The Securities and Exchange Commission, SEC, has re-introduced the periodic renewal of registration by Capital Market Operators, CMOs, to reduce incidences of unethical practices in the market. A circular pasted on the commission’s website on Thursday also gave all CMOs an April 30 deadline to complete the registration renewal for […]

The federal government has said it is working to ensure that businesses in the country maximise opportunities in the African Continental Free Trade Agreement (AfCFTA). The Senior Special Assistant to the President on Public Sector Matters and Secretary, National Action Committee on AfCFTA, Mr. Francis Anatogu, told reporters in Lagos […]

The ECOWAS Court of Justice has ordered the immediate release of a Venezuelan, Mr Alex Nain Saab Moran who has been detained by the government of Cape Verde since 12th June 2020 and the payment of 200,000 USD as compensation for the moral prejudice suffered as a result of his […]

The Lagos Chamber of Commerce and Industry (LCCI) on Sunday urged the Federal Government to create an independent dispute resolution framework to manage conflicts between the Nigeria Customs Service (NCS) and the business community. In a statement made available to newsmen in Lagos, the Director-General of LCCI, Muda Yusuf, said […]

The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has urged Nigeria to guard against entering into unfavourable bilateral trade agreements with rich countries. She advised Nigeria and other African countries to embrace multilateral trade agreements through the WTO instead of entering into agreements that might put them […]

WASHINGTON (Reuters) – Facebook asked a federal court on Wednesday to dismiss major antitrust cases filed by the U.S. Federal Trade Commission and nearly every U.S. state, saying they failed to show the company had a monopoly or harmed consumers. “By a one-vote margin, in the fraught environment of relentless […]