Major International Business Headlines Brief ::: 18 December 2025

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Major International Business Headlines Brief :::  18 December  2025 

 


 


 


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ü  Lesotho: Dispute Over Mining Operations Set to End

ü  Lesotho: Revolution for Prosperity MP's Transport Firm in M3.5 Million
Tollgate Fraud

ü  Uganda: Parliament Approves Shs 313.2billion Pre-Financing for
Kayunga-Galiraya Road Upgrade

ü  Nigeria: Reps to Address Alleged Discrepancies Between Bills Passed,
Gazetted Tax Laws

ü  Nigeria: Economic Council Forms Livestock Panel to Resolve Farmer-Herder
Crisis

ü  Nigeria: Customs Slap 3% Surcharge On Banks Over Delayed Revenue
Remittance

ü  Nigeria: Workers Protest Nationwide Against Insecurity

ü  Nigeria: Lekki Port Hits 50% Capacity Milestone Amid Strong Cargo Growth

ü  Nigeria: Fish Output Jumps to 1.4m Tonnes As Govt Intensifies Blue
Economy Push

ü  Nigeria: Dangote Quake - Farouk Falls

ü  South Africa: Thousands of Families Live On Railway Reserves Without
Water, Electricity or Rubbish Collection

ü  Nigeria: 'You Can't Tax Hunger' - Opposition Warns Tinubu

 


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Lesotho: Dispute Over Mining Operations Set to End

A long-standing dispute over the environmental impacts caused by quarry
miner, Moradi Crushers, and the Mpeke community is set to end as
government-initiated dialogue between the warring parties begins to bear
fruit.

 

Moradi Crushers, the Mpeke Community Council and the Department of Mining
have now reached the final stage of negotiations and are soon expected to
sign a Memorandum of Understanding (MoU) to resolve the longstanding
controversy over mining operations in the area.

 

The development follows the intervention of Parliament's Natural Resources
Cluster Committee, which engaged the Department of Mining through the office
of the Deputy Principal Secretary to mediate between the Mpeke community and
Moradi Crushers.

 

 

The dialogue was initiated after members of the community repeatedly raised
concerns over the social and environmental impact of quarrying activities,
as well as the need for clearer benefit-sharing arrangements.

 

According to sources familiar with the negotiations, the MoU seeks to
establish a structured framework governing operations, community
participation, environmental management and dispute resolution.

 

It is expected to outline the responsibilities of all parties, including
compliance with mining regulations, rehabilitation of mined areas and
mechanisms to ensure that the local community benefits from economic
activities linked to the quarry.

 

Speaking to the Lesotho Times on this week, Mpeke Community Council
representative, Tankiso Ramoabi, welcomed the progress, describing the
near-finalisation of the MoU as a significant step towards restoring trust
and cooperation.

 

 

Council officials said the community had long called for formal engagement
to address issues such as dust and noise pollution, road damage and
employment opportunities for locals.

 

"The process has not always been easy, but we are encouraged by the
willingness shown by all parties to sit around the table and find common
ground," a council representative said.

 

"This agreement will help ensure that development does not come at the
expense of the community's well-being."

 

Moeketsi Lebitso, an engineer in the Department of Mining which played a
central facilitation role in the dialogue, said the intervention was in line
with government policy to promote responsible and sustainable mining.

 

Officials emphasised that mining companies must operate within the law while
maintaining positive relations with host communities.

 

"The ministry's role is to balance economic development with social and
environmental protection," he said. "The MoU will serve as a guiding
document to prevent future disputes and to ensure ongoing dialogue."

 

Moradi Crushers, Human Resource Manager, Bataung Likate, pledged the
company's commitment to operating responsibly and in partnership with the
local community.

 

He said the company indicated that the MoU would provide clarity and
stability for its operations while reinforcing its social obligations.

 

"Once signed, the agreement is expected to mark a new chapter in relations
between Moradi Crushers and the Mpeke community, setting a precedent for
cooperative engagement between mining companies, communities and government
authorities across the country," he said.

 

The quarry mine, located in Morija about 40km outside Maseru, extracts
cobalt stone which is crushed to make concrete stones. The mining operations
raise a lot of dust which pollutes the air and also taints laundry items on
drying lines in homes

 

The host community has complained about the air and noise pollution caused
by blasting and grinding of stones. There had been no clear solution in
sight for years.

 

Read the original article on Lesotho Times.

 

 

 

 

 

 

 

Lesotho: Revolution for Prosperity MP's Transport Firm in M3.5 Million
Tollgate Fraud

HIPPO Transport, owned by the Revolution for Prosperity (RFP)'s Peka MP,
Mohopoli Monokoane, is accused of conspiring with a Revenue Services Lesotho
(RSL) agent to defraud the Road Fund of more than M3.5 million.

 

Court papers filed the Road Fund last week paint a picture of a scheme that
went undetected for nearly four years, from April 2018 to December 2021,
before it was exposed by a whistleblower.

 

According to the Road Fund, the fraud involved tollgate officials accepting
cash for personal benefit and then unlawfully loading equivalent amounts
onto the trucking companies' prepaid toll cards.

 

 

While the system reflected that there was sufficient credit to allow trucks
to pass through border tollgates, that money was never deposited into RSL
accounts.

 

"The system was operating well until late 2021 when, through a
whistleblower, the ploy by major trucking companies was uncovered," the Road
Fund states in its court papers.

 

"Effectively, no money would be received by the Applicant, but the
companies' toll cards would be loaded with credit (all) year-round."

 

Following the tip-off, the Road Fund launched a forensic investigation in
collaboration with other government agencies.

 

The probe covered transactions between April 2018 and December 2021 and
found Hippo Transport to be the single biggest beneficiary of the scheme.

 

"At the conclusion of the forensic investigation, it was discovered that
Hippo Transport had funds to the tune of three million, five hundred and
sixteen thousand, nine hundred and sixty-five maloti (M3,516,965.00) loaded
onto its various toll cards without any corresponding payment," the papers
read.

 

 

The Road Fund further claims that when Hippo's directors were summoned for a
meeting, they admitted the company's involvement in the scheme and undertook
to repay the full amount.

 

This commitment, the Fund says, was confirmed through several email
exchanges between the parties.

 

Hippo initially began making repayments and has so far paid M1,750,000.
However, the Road Fund alleges that payments stopped abruptly in January
this year, leaving an outstanding balance of M1,766,965.

 

"Despite several reminders and meetings, Hippo has failed to honour the
outstanding debt," the Fund said, demanding that Hippo pays the remaining M1
766 965.

 

In its legal papers, the Road Fund stresses that it performs a critical
public function by collecting revenue earmarked for road maintenance and
construction. Therefore, fraudulent conduct not only undermines that mandate
but also inflates the cost of revenue collection through protracted
litigation.

 

"The execution of this mandate should not be frustrated by fraudulent
activities," the Fund submits. "The cost of litigation raises the cost of
collection and consequently diminishes the amount that may be allocated to
road construction agencies in this country."

 

The Fund is also asking the court to order Hippo Transport to pay legal
costs, arguing that this is not a dispute arising from a bona fide
transaction but from deliberate fraud involving collusion with an insider.

 

The court papers explain that the prepaid tollgate card system was designed
for convenience, particularly for transport businesses with large fleets
that cross borders daily.

 

Companies could make a single bank payment, load funds onto toll cards and
assign them to drivers, reducing the need for daily cash transactions. In
Hippo's case, however, the Road Fund insists no such payments were ever
made.

 

Instead, it alleges, Hippo unlawfully conspired with an internal agent to
load credit that was never paid for, depriving the state of millions of
maloti over several years.

 

Hippo is yet to file its papers with the court.

 

Read the original article on Lesotho Times.

 

 

 

 

 

 

 

Uganda: Parliament Approves Shs 313.2billion Pre-Financing for
Kayunga-Galiraya Road Upgrade

Kampala, Uganda — Parliament has approved a Shs313.2 billion proposal to
pre-finance the design and construction of the Kayunga-Bbaale-Galiraya Road
(87km), clearing the way for the upgrade of the gravel road to paved
standard by China Road and Bridge Corporation (CRBC).

 

The House during the plenary sitting on Tuesday, 16 December 2025 adopted
the report of the Committee on National Economy on the project as presented
by Chairperson, John Bosco Ikojo, endorsing the proposal together with the
committee's observations and recommendations.

 

The committee explained that the Kayunga-Bbaale-Galiraya Road had been
prioritised for upgrading during the National Development Plan II period but
was repeatedly deferred due to fiscal constraints.

 

 

"In response to these financing challenges, the Ministry of Works and
Transport received a pre-financing offer from China Road and Bridge
Cooperation (CRBC) to finance the design and construction of the road on
what has been presented as favourable terms," the report states.

 

Under the proposed arrangement, "the contractor will mobilise its own
resources to execute the works, while Government undertakes to fully
reimburse the contractor after project completion."

 

The report adds that CRBC has committed to complete the works within 24
months and has requested "a 10 percent down payment of the contract sum
excluding VAT and contingencies before commencement of works."

 

The total project cost is estimated at Shs313.2 billion, inclusive of VAT.
The committee noted that the Attorney General confirmed the arrangement
"constitutes both a loan and a multi-year commitment that requires prior
approval by Cabinet and Parliament."

 

 

The committee also raised concerns over land acquisition and compensation
for Project Affected Persons, warning that delays could expose government to
penalties.

 

"The contract agreement requires Government to grant 100 percent access and
possession of the site at commencement," the report states, noting the risk
of delay damages if access is not secured in time.

 

Amos Lugoloobi, Minister of State for Finance, Planning and Economic
Development (Planning) who moved the motion, said that the offer is
competitive with no interest, and with a grace period of two years, with
payments starting at the third and fourth year.

 

"The principle price for constructing this road is very attractive with a
maximum of 1 million dollars per kilometre including a landing site in Lake
Kyoga," he said.

 

Charles Tebandeke (NUP, Bbale County) said that the road is very strategic
and yet it had been ignored. He said it will reduce traffic in from Bombo
road to Northern Uganda.

 

"It will benefit the business world and Uganda at large. After tarmacking
the road, the Ministry of Works can now look at the connectivity from Bbale
to Nakasongola, Masindi and the entire burden of traffic jam will be
reduced," he said.

 

He said it is a relief that a road which has forever been a promise to the
people of Kayunga has finally come to pass.

 

Read the original article on Independent (Kampala).

 

 

 

 

 

 

Nigeria: Reps to Address Alleged Discrepancies Between Bills Passed,
Gazetted Tax Laws

The House of Representatives has resolved to address the discrepancies
between the tax laws passed by the National Assembly and the gazetted
versions.

 

This followed a matter of privilege raised by Hon. Abdulsammad Dasuki (PDP
Sokoto) at plenary on Wednesday.

 

Dasuki, who rose under Order Six, Rule Two of the House Rules on a Point of
Privilege, argued that his legislative privilege was breached, as the
content of the tax laws as gazetted is not the same as the one voted on and
passed on the floor of the House.

 

The lawmaker said he took time over the past three days to carefully review
the gazetted copies alongside the Votes and Proceedings of the House of
Representatives, as well as the harmonised version adopted by both chambers
of the National Assembly and noticed discrepancies.

 

 

"I was here, I gave my vote, and it was counted, and I am seeing something
completely different. I obtained copies of the gazetted laws from the
Ministry of Information and found them to be inconsistent with what was
approved by both the House and the Senate," Dasuki said.

 

He asked the speaker to ensure that all relevant documents, including the
harmonised versions, the Votes and Proceedings of both chambers, and the
gazetted copies currently in circulation, be brought before the Committee of
the Whole for scrutiny by all members.

 

"Mr Speaker, I will be pleading that all the documents should be brought
before the Committee of the Whole. All members should review the gazetted
copy and note what was passed on the floor, so that we can make the relevant
amendments. Mr Speaker, this is a breach of the Constitution. This is a
breach of our laws, and this honourable House should not take this. Thank
you, Mr Speaker," Dasuki said.

 

 

Ruling, Speaker Abbas Tajudeen, who presided over the plenary, said he has
taken note of the matter of privilege raised by Dasuki, and an action would
be taken on the matter.

 

Read the original article on Leadership.

 

 

 

 

 

 

Nigeria: Economic Council Forms Livestock Panel to Resolve Farmer-Herder
Crisis

The National Economic Council (NEC) has constituted a committee on livestock
development to expedite the implementation of livestock production in
Nigeria.

 

This is precisely what Chairman of the Council, Vice President Kashim
Shettima, has stated: a practical, enduring, and nationally accepted
solution to the farmer-herder crisis will guarantee food security in the
country.

 

The NEC committee on Livestock Development, which was constituted on
Wednesday during the 155th meeting of NEC held virtually, is to work in
collaboration with other stakeholders.

 

 

According to a statement by the spokesman of the vice president, Stanley
Nkwocha, the committee has one member each representing the six
geo-political zones, comprising Bauchi for the North-East, Niger for the
North-Central, Ondo for the South-West, Imo for the South-East, Cross River
State for the South-South region, and Kebbi for the North-West.

 

Other members of the committee include the Ministers of Livestock
Development, Agriculture and Food Security, Budget and Economic Planning,
and the Senior Special Assistant to the President on Agribusiness (Office of
the Vice President).

 

Council directed the committee to, among other things, review the
recommendations of the Presidential Livestock Reform Committee and the
proposal of the Ministry of Livestock Development, as well as identify
interested states for the implementation of the programme.

 

President Bola Ahmed Tinubu, at the Federal Executive Council meeting held
on 10th December 2025, directed the NEC to work in collaboration with the
Ministry of Livestock Development to develop a roadmap for the
transformation of Nigeria's livestock industry.

 

 

The ministry worked on the proposal, which was presented at the meeting for
the Council's endorsement, in an effort to transform Nigeria's livestock
sector into a modern, peaceful, and profitable engine of national
development.

 

Earlier in his opening address, Chairman of NEC, Vice President Shettima,
noted that while food security is a moral obligation to the citizens, it can
only be guaranteed by practical, enduring, and nationally accepted solutions
to the farmer-herder crisis.

 

"We must acknowledge with absolute regret the deep distrust created by this
violence, born out of a trade and an ancestral practice that ought to have
remained a central pillar of our food security and rural economy. The loss
of lives, the destruction of homes, and the devastation of farmlands must
end.

 

 

"We cannot perform a task as fundamental as feeding ourselves unless we find
an enduring, practical, and nationally accepted solution to the farmer
herder crisis. Food security is a moral obligation to our people," he
stated.

 

Senator Shettima identified mismanagement of long-standing tensions between
farmers and herders as the cause of "the conflicts that have strained the
ancestral bonds of communities across Nigeria."

 

He regretted that what started "as a challenge of coexistence gradually
hardened into cycles of violence that were allowed to persist for far too
long without a durable solution.

 

"Today, that violence respects no geography. It has become a shared
nightmare that has scarred every region, disrupted livelihoods, and eroded
trust between neighbours who once relied on one another for survival," the
VP added.

 

He commended President Tinubu's bold initiative to transform livestock
production in Nigeria, especially by integrating the sector as a key
component of the national economy.

 

The Vice President urged state governors to take the presentations on
livestock development from the Ministry of Livestock Development and the
Presidential Livestock Reform Committee (PLRC) seriously, particularly in
leveraging opportunities in the sector for economic transformation, conflict
resolution, and the restoration of peace in parts of the country.

 

Senator Shettima noted that it was in acknowledgement of the enormous
potential and opportunities in the sector that President Tinubu created a
separate ministry for livestock development in Nigeria.

 

He assured that the recommendations of the PLRC and the Ministry of
Livestock Development would receive priority attention from the Tinubu
administration, even as he sought the support of sub-national entities to
harness the vast opportunities in the sector fully.

 

"The presentations before us today offer critical insight into responses
designed to confront these realities. They speak directly to the challenge
of stabilising our food systems, restoring confidence in rural economies,
and reducing the security pressures that flow from competition over land,
water, and livelihoods.

 

"At their core, these presentations seek to dispel the false choice between
agriculture and security by demonstrating that both are inseparable pillars
of national stability," The VP stated.

 

Read the original article on Leadership.

 

 

 

Nigeria: Customs Slap 3% Surcharge On Banks Over Delayed Revenue Remittance

The Nigeria Customs Service (NCS) has imposed a three per cent surcharge on
Deposit Money Banks (DMBs) over delays in the remittance of Customs revenue
by designated banks.

 

The development was disclosed on Wednesday by the National Public Relations
Officer of the Service, Abdullahi Maiwada, in a statement titled "Nigeria
Customs Service Commences Enforcement of Penalties Against Designated Banks
for Delayed Remittance of Customs Revenue."

 

The agency stated that delays in remitting collected Customs revenue
constitute a breach of remittance obligations and negatively impact the
efficiency, transparency and integrity of government revenue administration.

 

 

Maiwada explained that any Designated Bank that fails to remit collected
Customs revenue within the prescribed period will be liable to penalty
interest, adding that affected banks will receive formal notifications
detailing the delayed amount, applicable penalty and the timeline for
settlement.

 

"The NCS has noted instances of delayed remittance of Customs revenue by
some Designated Banks following reconciliation of collections processed
through the B'Odogwu platform. Such delays constitute a breach of remittance
obligations and negatively impact the efficiency, transparency and integrity
of government revenue administration.

 

"In line with the provisions of the Service Level Agreement (SLA) executed
between the Nigeria Customs Service and Designated Banks, the Service hereby
notifies stakeholders of the commencement of enforcement actions against
banks found to be in default of agreed remittance timelines.

 

 

"Accordingly, any Designated Bank that fails to remit collected Customs
revenue within the prescribed period shall be liable to penalty interest
calculated at three per cent above the prevailing Nigerian Interbank Offered
Rate for the duration of the delay. Affected banks will receive formal
notifications indicating the delayed amount, applicable penalty and the
timeline for settlement."

 

Maiwada further advised Designated Banks to strengthen their internal
controls, ensure strict adherence to remittance timelines and comply fully
with the provisions of the SLA.

 

He reiterated that the Service remains committed to enforcing
accountability, safeguarding government revenue and promoting a transparent
and predictable financial system in support of national economic
development.

 

"The Service further notes that persistent or repeated non-compliance with
the terms of the SLA may attract additional sanctions, including regulatory
and administrative measures, as provided under the Agreement and relevant
laws guiding Customs revenue collection.

 

"The NCS reiterates that prompt, accurate and complete remittance of Customs
revenue is a fundamental obligation of Designated Banks. Any payment of
collected revenue into unauthorised accounts, whether deliberate or
erroneous, will be treated as a serious violation and addressed in
accordance with the SLA and applicable legal frameworks.

 

"Designated Banks are therefore advised to strengthen internal controls,
ensure strict adherence to remittance timelines and comply fully with the
provisions of the SLA. The Service remains committed to enforcing
accountability, safeguarding government revenue and promoting a transparent
and predictable financial system in support of national economic
development," he added.

 

Read the original article on Leadership.

 

 

 

 

 

 

Nigeria: Workers Protest Nationwide Against Insecurity

The Nigeria Labour Congress (NLC) staged protests across several states and
the Federal Capital Territory, Abuja, yesterday to draw the government's
attention to worsening insecurity and financial pressures confronting
Nigerian workers.

 

The protest, which lasted approximately 20 minutes in Abuja, began at the
Labour House and proceeded to the Ministry of Finance junction.

 

NLC President, Comrade Joe Ajaero, told journalists that the demonstration
followed months of correspondence by the Congress to key government
officials, including the Minister of Labour and Employment, the Chief of
Staff to the President and the Secretary to the Government of the
Federation. The union said these letters were acknowledged but not escalated
to President Bola Tinubu for action.

 

 

Ajaero said the protest was not intended to undermine ongoing engagements
with the Presidency, but to stress the urgency of the challenges facing
workers, particularly rising insecurity, shrinking purchasing power and
unresolved industrial disputes across critical sectors.

 

According to the Congress, the protest comes against the backdrop of
sustained economic hardship, marked by high inflation, escalating cost of
living and persistent insecurity affecting livelihoods nationwide.

 

Ajaero disclosed that on the eve of the protest, the Congress secured a
meeting with President Bola Ahmed Tinubu through the intervention of some
state governors. During the meeting, Labour presented its concerns,
including the protracted crises in tertiary institutions and the
long-running strike by health workers.

 

He said the President agreed to the establishment of negotiating mechanisms
to address disputes in universities and other institutions, as well as
renewed engagement on health sector grievances.

 

 

The NLC President also raised concerns over what he described as the
collapse of bureaucratic communication channels within government, arguing
that labour issues were being mishandled or ignored before reaching the
President.

 

Ajaero said President Tinubu acknowledged that Nigeria's security challenges
predated his administration, but assured labour that efforts were ongoing to
improve equipment and capacity within the security sector.

 

"We wrote a letter to the Minister of Labour, which was acknowledged. We
wrote to the Chief of Staff to the President, acknowledged. We wrote to the
Secretary to the Government of the Federation, acknowledged. But between
June and now--exactly six months today--none of them communicated these
issues to the President.

 

 

"This protest is to call attention to the seriousness of both financial and
fiscal insecurity that workers are passing through. It is not to undermine
discussions, but to make the country understand the depth of the hardship
and why action can no longer be delayed," he said.

 

"We discussed insecurity, fiscal insecurity and financial insecurity with
the President. He acknowledged that leadership is a continuum and assured us
that insecurity would, in no distant time, be a thing of the past and that
economic improvements would translate into the pockets of workers," he
added.

 

The NLC said it expects a comprehensive meeting between the President and
the National Administrative Council of the Congress by January, where
outstanding issues would be addressed in detail.

 

Kano NLC Holds Peaceful Protest Against Insecurity

 

In Kano, the state chapter of the Nigeria Labour Congress on Wednesday
staged a peaceful protest, joining counterparts across the country to
highlight growing security concerns.

 

The protesters commenced their march from the Murtala Muhammad National
Library and ended at the Government House Roundabout, where they presented a
letter of demands to the state government.

 

Addressing journalists after receiving the NLC members, Governor Abba Yusuf,
represented by his Chief of Staff, Dr Sulaiman Wali, expressed satisfaction
over the peaceful and orderly conduct of the rally.

 

He assured the Labour Union of the government's continued commitment to a
cordial and productive relationship with workers in the state, adding that
their letter would be transmitted to the President.

 

NLC Holds Protest in Bauchi Over Insecurity

 

The Bauchi State chapter of the Nigeria Labour Congress joined the
nationwide peaceful protest organised by labour unions to draw attention to
the worsening security situation across Nigeria.

 

The protesters, led by the State NLC Chairman, Comrade Dauda Maidara
Shaiubu, marched to the Government House in Bauchi, expressing deep concern
over rising cases of banditry, kidnapping, insurgency and other criminal
activities.

 

Comrade Shaiubu described insecurity as a major threat to national
stability, economic growth and the wellbeing of workers and their families.
He said persistent insecurity had reduced productivity and forced many
citizens to live in constant fear.

 

Borno NLC Warns Against Continued Boko Haram Attacks, Parallel Terrorist
Government

 

The Nigerian Labour Congress, Borno State Chapter, staged a peaceful protest
warning against the resurgence of Boko Haram attacks and rising insecurity.

 

The protest, which began early Wednesday morning in Maiduguri, involved NLC
members alongside civil society organisations, journalists and artisans.
They warned that terrorists must not be allowed to form a parallel
government in the country.

 

Speaking after the protest, State NLC Chairman, Yusuf Inuwa, lamented the
spate of abductions and killings nationwide, urging the government to
expedite action to guarantee citizens' safety.

 

"When we chant that we do not want two governments, terrorists like Turji
are operating as governments of their own. We want President Tinubu to
remain the only recognised authority," he said.

 

Ebonyi NLC Joins Others in Peaceful Protest Against Insecurity

 

The Nigeria Labour Congress, Ebonyi State Chapter, alongside its affiliate
bodies, staged a peaceful protest in Abakaliki over increasing terrorism,
banditry, kidnapping and killings.

 

The protesters converged at Pa Ngele Orunta Township Stadium as early as 7am
before marching through major roads and returning to the stadium, chanting
solidarity songs.

 

Addressing the protesters, State NLC Chairperson, Comrade Ogugua Egwu,
expressed regret that many Nigerians had become refugees in their own
country, living as internally displaced persons in camps that are still
unsafe and uninhabitable.

 

Labour Calls for Immediate Government Intervention

 

Labour leaders across Nigeria have raised alarm over the surge in insecurity
and economic hardship, urging immediate government intervention.

 

Speaking at a peaceful rally in Calabar, NLC Chairman Comrade Greg Olayi
said the situation had become unbearable for ordinary citizens.

 

"We can no longer live or work in safety. Farmers are attacked on their
farms, schoolchildren kidnapped, and travellers face danger on our
highways," he said.

 

He added that Nigerians now live in constant fear, unable to sleep
peacefully or carry out legitimate activities without risking their lives.

 

Kebbi NLC Says Insecurity Situation Minimal

 

Chairman of the Kebbi State chapter of the NLC, Comrade Murtala Usman, said
insecurity in the state had been minimised due to proactive measures taken
by Governor Nasir Idris.

 

He stated this while presenting the union's letter of grievance to the state
government in Birnin Kebbi.

 

According to Usman, Kebbi had previously experienced kidnappings, killings
and attacks on innocent citizens, but recent decisive actions by the
governor had curbed criminal activities.

 

Kwara Workers Hold Peaceful Protest

 

Workers in Ilorin, Kwara State, staged a peaceful rally calling on
government at all levels to do more to secure lives and property.

 

Led by State NLC Chairman, Comrade Saheed Murtala, the workers marched from
the Labour House to the Governor's Office.

 

Murtala lamented that insecurity was negatively affecting businesses and
hindering economic growth.

 

NLC Protests in Umuahia

 

At the gate of the Government House in Umuahia, Abia State, NLC Chairman,
Okoro Ogbonnaya, accused the Tinubu administration of insensitivity to the
security situation.

 

"Enough is enough. Insecurity is ravaging the country while lives are lost
daily across many states," he said.

 

Enugu NLC Protests Rising Insecurity

 

The NLC Enugu State Chapter staged a protest against escalating insecurity,
led by Chairman Comrade Fabian Nwigbo.

 

Protesters marched through major streets carrying placards with inscriptions
such as "Nigeria is bleeding" and "End insecurity now."

 

Nwigbo lamented that in Nigeria, "cows are safer than humans," adding that
no one, including security personnel, was safe.

 

Benue Workers Demand Accountability

 

The NLC Benue State branch joined the nationwide protest, condemning what it
described as financial genocide and insecurity.

 

Led by State Chairman Comrade Terungwa Igbe, protesters marched through
Makurdi, demanding accountability and improved security.

 

Igbe also appealed for payment of outstanding salaries and pensions, while
commending Governor Hyacinth Alia for prompt wage payments.

 

Governor Alia, represented by the Head of Service, assured workers of his
administration's commitment to restoring peace and paying December salaries
alongside arrears.

 

Adamawa NLC Protests Rising Insecurity

 

The NLC urged President Tinubu to urgently address rising insecurity during
a protest in Yola, Adamawa State.

 

Representing the NLC President, SSANU leader Comrade Muhammad Ibrahim
lamented that farmers, travellers, students and places of worship were no
longer safe.

 

Imo, Lagos NLC Protests Continue

 

NLC members in Owerri, Imo State, protested against rising kidnapping and
insecurity, calling for urgent action.

 

In Lagos, despite a late-night meeting with President Tinubu, NLC members
proceeded with protests at Ikeja, carrying placards demanding an end to
violent crimes and kidnappings.

 

Placards read: "Federal Government, No More Excuses -- End Insecurity Now!"

 

Read the original article on Leadership.

 

 

 

 

 

Nigeria: Lekki Port Hits 50% Capacity Milestone Amid Strong Cargo Growth

The management of Lekki Deep Seaport has disclosed that the port now operate
at close to 50 per cent of its trade capacity, with steady month-on-month
growth in container throughput since September, 2025.

 

This is just as a recentlt released data from Nigeria's "Trade by Top 10
Posts/Ports of Operation," between first and third quarter of 2025 revealed
that Lekki deep seaport handle an estimated N13.46 trillion in total trade
value, combining imports and exports, making it the country's second-largest
port by trade value ahead of Tin Can Island's N9.31 trillion and Onne Port's
N6.76 trillion.

 

Speaking yesterday during an end-of-the-year media parley and your of the
port with selected maritime journalists, the Managing Director/Chief
Executive Officer of Lekki Port LFTZ Enterprise Limited, Mr. Wang Qiang,
said the port has reached almost half of its designed operational capacity,
reflecting increasing confidence by shipping lines and cargo owners.

 

 

He attributed it to the consistent improvement in the number of twenty-foot
equivalent units (TEUs) handled monthly.

 

The trade data released showed that Lekki Deep Seaport recorded N7.39
trillion in imports and N6.07 trillion in exports.

 

A breakdown of the import quarterly data showed a consistent and
accelerating trend as the port recorded N1.70 trillion in Q1, N2.51 trillion
in Q2 and N3.18 trillion in Q3. While for export, Lekki port recorded N303.6
billion in Q1, N2.41 trillion in Q2 and N3.36 trillion in Q3.

 

Qiang stressed that efficient multimodal connectivity remains critical to
sustaining and accelerating growth at the port, revealing that barge
operations have become an important evacuation channel and currently account
for about 10 per cent of cargo movement from the port.

 

 

He also noted that the ongoing Lagos-Calabar Coastal Road project would help
ease congestion and improve access to the port, but stressed that rail
connectivity remains essential, particularly given the scale of industrial
activities emerging within the Lekki corridor.

 

"I believe the train option is something the government is concerned about,
and with the level of industrial activities in this region, we expect that
it will be provided," he said.

 

Commenting on the new tax regime expected to take effect in 2026, he urged
the government to adopt a simplified tax framework that supports ease of
doing business.

 

He cited Germany and other countries where goods are cleared from ports with
a 30-day window allowed for value added tax (VAT) remittance.

 

On his part, the Chief Executive Officer of Lekki Freeport Terminal (LFT),
Captain Jedrzej Mierzewski also said that after only two years of
operations, LFT has already become the number two terminal in the Nigerian
market.

 

"We are the fastest-growing terminal in the country, combining modern
infrastructure, operational excellence, and a clear ambition to become a
leading transshipment hub for West Africa. Our growth supports the Nigerian
economy by strengthening trade connectivity and helping to reduce the cost
of foreign trade through efficient, reliable, and competitive port
services," he stated.

 

Read the original article on Vanguard.

 

 

 

 

 

Nigeria: Fish Output Jumps to 1.4m Tonnes As Govt Intensifies Blue Economy
Push

Nigeria's local fish production has increased to 1.4 million metric tonnes
from 1.1 million metric tonnes this year, signalling renewed momentum in the
Federal Government's drive to boost domestic output, cut imports and
strengthen food security.

 

Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this in
Abuja at the 4th Quarter 2025 Citizens/Stakeholders' Engagement Meeting of
the ministry, noting that the growth reflects deliberate policy actions and
targeted interventions in the fisheries and aquaculture subsector.

 

According to Oyetola, the improvement was driven by enhanced coordination
among agencies, better sectoral planning, deployment of appropriate
technologies and sustained efforts to strengthen local capacity. He said the
government is deliberately repositioning fisheries and aquaculture to play a
stronger role in economic diversification.

 

 

"In fisheries and aquaculture, we are working deliberately to boost local
production, reduce dependence on imports and strengthen food security. I am
pleased to report that local fish production has risen from 1.1 million to
1.4 million metric tonnes so far this year," the minister said.

 

He acknowledged that the figure remains below Nigeria's estimated annual
fish consumption of 3.6 million metric tonnes but stressed that the progress
shows clear momentum and a realistic pathway toward self-sufficiency.

 

To accelerate growth, Oyetola revealed that the ministry has begun
engagements with financial institutions to provide single-digit interest
loans to fish farmers nationwide. The initiative, he said, will improve
access to affordable financing, empower artisanal and industrial operators,
boost productivity and support efforts to curb illegal, unreported and
unregulated fishing.

 

 

The minister reaffirmed the Federal Government's commitment to repositioning
fisheries and aquaculture as key drivers of job creation, economic growth
and food security under President Bola Ahmed Tinubu's Renewed Hope Agenda.

 

Also speaking, Executive Secretary of the Nigerian Shippers' Council, Pius
Akutah, said the engagement meeting underscored the administration's resolve
to position the marine and blue economy for investment, innovation and
expansion. He noted that increased private sector participation and
Public-Private Partnerships would be critical to unlocking the sector's full
potential as Nigeria reduces its dependence on oil revenues.

 

Read the original article on Vanguard.

 

 

 

 

 

Nigeria: Dangote Quake - Farouk Falls

LAGOS -- The oil and gas industry was, yesterday, thrown into confusion as
the chief executives of the Nigerian Upstream Petroleum Regulatory
Commission, NUPRC, Engr. Gbenga Komolafe and his downstream counterpart at
the Nigerian Midstream and Downstream Petroleum Regulatory Authority,
NMDPRA, Engr. Farouk Ahmed resigned from their offices.

 

The two agencies, NUPRC and NMDPRA have the statutory responsibility of
ensuring compliance with petroleum laws, regulations and guidelines in the
upstream and downstream, respectively.

 

Engrs. Komolafe and Engr. Ahmed were appointed CEOs of NUPRC and NMDPRA in
September 2021, by former President Muhammadu Buhari, following the
enactment of the Petroleum Industry Act, PIA.

 

 

The two served in these positions and reported directly to President Bola
Tinubu, who doubles as the Petroleum Minister until their resignations,
yesterday.

 

The NMDPRA boss was recently dragged to the Independent Corrupt Practices
and Other Related Offences Commission, ICPC, by industrialist Aliko Dangote.

 

Dangote bombs Ahmed

 

Earlier on Sunday, Alhaji Dangote accused the NMDPRA leadership, headed by
Ahmed, of economic sabotage, alleging that regulatory actions were
undermining local refining capacity in Nigeria.

 

Dangote had claimed that the continued issuance of import licences for
petroleum products is frustrating domestic refiners and entrenching
dependence on imports.

 

Dangote further alleged that the NMDPRA was colluding with international
traders and oil importers to the detriment of local operators, a charge the
regulator has yet to publicly address.

 

 

He also raised personal allegations against the NMDPRA chief, claiming that
Ahmed was living beyond his legitimate means.

 

Dangote alleged that four of Mr. Ahmed's children attend secondary schools
in Switzerland at costs running into several millions of dollars, arguing
that such expenditure raises questions about potential conflicts of interest
and the integrity of regulatory oversight in the downstream petroleum
sector.

 

The controversy deepened on Tuesday when Mr. Dangote, through his lawyer,
Ogwu Onoja, SAN, submitted a petition to the ICPC, calling for Ahmed's
arrest, investigation and prosecution.

 

But Ahmed on Wednesday, dismissed allegations.

 

He, however, explained that his children's education overseas was funded
mainly through scholarship, family support and savings over the years.

 

 

Ahmed in a statement, had said: "The allegation that I spent $5 million on
my children's Swiss secondary education is presented as evidence of
corruption inconsistent with my official income. This requires factual
correction.

 

"Three of my four children received substantial merit-based scholarships
ranging from 40 per cent to 65 per cent of tuition costs, verifiable
information are available to any authorised investigation. My late father, a
Northern Nigerian businessman, who established education trust fund for his
grandchildren before his 2018 passing, provided additional support
consistent with our cultural traditions of collective family investment in
education.

 

"When scholarships, family contributions, and my savings accumulated over
three decades are properly accounted for, my personal financial obligation
was entirely consistent with someone of my professional standing and length
of service. My annual compensation as NMDPRA CEO, approximately N48 million
including all allowances, is publicly available in our audited reports.

 

"Combined with legitimate savings from decades of federal employment,
cooperative investments available to all civil servants, and family
resources, funding my children's education required neither corruption nor
living beyond my means. I have submitted detailed asset declarations to the
Code of Conduct Bureau every year since entering public service.

 

"Recent allegations regarding the financing of my children's education have
necessitated this response--not because I fear scrutiny of my finances,
which I welcome, but because the timing and nature of these claims demand
context that only three decades of public service can provide.

 

"Since 1991, I have dedicated my professional life to Nigeria's petroleum
sector, rising through merit and competence from a junior engineer in the
Department of Petroleum Resources to my current position as Chief Executive
of the NMDPRA."

 

Ahmed visits President Tinubu

 

Earlier, Ahmed, yesterday evening paid a visit to the Presidential Villa,
Abuja, and proceeded straight to the president's office.

 

Ahmed who arrived the Presidential Villa about 5:30p.m., left the
President's office after less than 25 minutes.

 

At press time, there was no information whether he met with the president
and if at all they met, the agenda of the meeting was not made public.

 

Tinubu nominates successors for Senate's approval

 

Already, President Bola Tinubu has asked the Senate to approve the
nominations of two new chief executives for NMDPRA and the NUPRC.

 

The requests followed the resignation of Ahmed of the NMDPRA and Komolafe of
the NUPRC.

 

To fill these positions, President Tinubu has written to the Senate,
requesting expedited confirmation of Oritsemeyiwa Eyesan as CEO of NUPRC and
Engr. Saidu Mohammed as CEO of NMDPRA.

 

Special Adviser to the President, Information and Strategy, Mr. Bayo
Onanuga, who disclosed this in a statement yesterday, said: "The two
nominees are seasoned professionals in the oil and gas industry.

 

Eyesan, a graduate of Economics from the University of Benin, spent nearly
33 years with the NNPC and its subsidiaries. She retired as Executive Vice
President, Upstream (2023-2024), and previously served as Group General
Manager, Corporate Planning and Strategy at NNPC from 2019 to 2023.

 

"Engr. Mohammed, born in 1957 in Gombe, graduated from Ahmadu Bello
University in 1981 with a Bachelor's in Chemical Engineering. He was
announced today as an independent non-executive director at Seplat Energy.

 

"His prior roles include Managing Director of Kaduna Refining and
Petrochemical Company and Nigerian Gas Company, as well as chair of the
boards of West African Gas Pipeline Company, Nigeria LNG subsidiaries, and
NNPC Retail.

 

"He also served as Group Executive Director/Chief Operating Officer, Gas &
Power Directorate, where he provided strategic leadership for major gas
projects and policy frameworks, including the Gas Master Plan, Gas Network
Code, and contributions to the PIA.

 

"Engr. Mohammed played a pivotal role in delivering key projects such as the
Escravos-Lagos Pipeline Expansion, the Ajaokuta-Kaduna-Kano (AKK) Gas
Pipeline, and Nigeria LNG Train."

 

The resignation may have ended the conflict between the Chief Executive
officer of the NMDPRA, Engr. Ahmed Farouk and President and Africa's richest
man, Aliko Dangote, over issuance of import licenses to importers to import
petroleum products into Nigeria.

 

Priotise local refining - Agbakoba

 

However, in his memo, yesterday, The Dangote Refinery-NMDPRA Dispute: Beyond
Commercial Disagreement to Questions of Economic Sovereignty - Senior
Partner, OAL Energy and Natural Resource Practice Group, Dr. Olisa Agbakoba,
said: "Nigeria now has a $20 billion refinery, one of the world's largest,
yet we continue importing petroleum products. A private investor has built
the refining capacity our nation desperately needs, but faces systematic
undermining from the very regulatory authority whose mandate is to support
such investments.

 

"When government policy actively frustrates transformative local investment,
we must question whether our economic strategy serves national interest or
perpetuates dependency. The issues here, local refining, poverty
alleviation, employment, industrial development, go far beyond commercial
dispute. They touch the fundamental question of how Nigeria governs its most
valuable resource.

 

"This situation exemplifies the conflict between two fundamentally different
approaches to petroleum governance. Nigeria currently operates under
"Contract Oil": a system where petroleum is treated merely as a commodity
for extraction and export, with value addition and job creation
systematically externalised to foreign entities. We export raw crude only to
import refined products at premium prices, perpetuating dependency rather
than fostering development.

 

"Saudi Arabia demonstrates the alternative, "Development Oil," using
petroleum resources for comprehensive national transformation. The kingdom
does not permit any operation that undermines its local capacity. This has
delivered over 500 vessels in its maritime fleet, comprehensive downstream
capacity including world-class refineries, and absolute control over the
petroleum value chain. Nigeria operates with no such vessels despite being
Africa's largest oil producer.

 

"This is not merely about one refinery or one company, it is about whether
Nigeria will continue the failed contract oil approach that has produced
seven decades of resource curse, or embrace development oil principles that
align hydrocarbon management with constitutional obligations and national
development imperatives. This is a defining moment between sovereignty and
dependency, between development and extractive stagnation, between
constitutional compliance and commercial expediency.

 

"We urge all stakeholders to recognise the profound implications of this
dispute and work toward a resolution that serves Nigeria's constitutional
obligations, development imperatives, and long-term national interest."

 

Similarly, Wumi Iledare, Professor Emeritus of Petroleum Economics, said
priotising indigenous refining will not result in monopolising the
downstream market.

 

He said: "It can only be oligopolistic, not monopolistic. Monopolistic is a
distinct market structure with low barriers to entry and is inherently
anti-competitive. That is not the case here. I am certain Dangote is not
seeking to be a monopolist. Monopoly is not even good for business
sustainability."

 

Read the original article on Vanguard.

 

 

 

 

 

 

South Africa: Thousands of Families Live On Railway Reserves Without Water,
Electricity or Rubbish Collection

People have occupied the railway line between Langa and Bonteheuwel train
stations since 2019 and at old Philippi depot since 2020

 

Thousands of families living on railway reserves between Langa and
Bonteheuwel train stations lack tap water, formal electricity and rubbish
collection.

PRASA says the City is responsible for providing services to the estimated
2,000 families in the Langa rail reserve, but the City says PRASA has not
authorised service provision on its land.

At the old Philippi depot, where there are about 6,000 households, the City
has provided some services but says PRASA has not given written authority
for it to provide waste management services.

 

Thousands of families living between Langa and Bonteheuwel train stations on
the Central Line lack access to tap water and have no formal electricity
supply.

 

The Passenger Rail Agency of South Africa (PRASA) says the City of Cape Town
is responsible for providing services to Siyahlala, as the settlement is
known. (This is not the same Sihahlala in Dunoon that we reported on earlier
this week.) But the City says PRASA has not authorised the provision of
services on its land.

 

According to PRASA, 1,200 families live here. Community leaders say there
are over 2,000 families. They are mostly former backyarders who occupied the
railway reserve around 2020.

 

To access water, people queue for hours at Langa train station, a kilometre
away, to fill their water containers.

 

Khungeka Lawu has to use her older person's grant to pay youngsters to fetch
water for her.

 

 

There are no taps for hand washing and no toilets.

 

"At night we use buckets to relieve ourselves and throw them on the railway
lines in the morning. It is not just filthy here, the stench is unbearable,"
says Lawu.

 

There is rubbish collection weekly, but the rubbish becomes overwhelming at
times and residents resort to burning it.

 

Those who can afford it use illegal electricity connections from houses
nearby, paying R300 a month. Those who cannot, use candles and paraffin
stoves. The settlement is dark at night and unsafe.

 

When a fire broke out last week, residents did their best to douse the
flames with sand. Four people died - a mother and her three children - and
15 shacks burnt down.

 

"No one deserves to live in such conditions," says community leader Andisa
Velaphi.

 

Two portions of land have been identified in Philippi Wedge to relocate the
Siyahlala households. A rezoning application lodged in August 2023 is still
to be finalised by the City. But there has been strong opposition from
Mitchells Plain residents, with more than 900 comments registered during
October and November 2023.

 

 

Mayco member for spatial planning Eddie Andrews told GroundUp it was
impossible to give an exact date, but the land zoning application reports
were "being prepared and will be submitted to the Municipal Planning
Tribunal once finalised".

 

Not far from Siyahlala, thousands of families are living on a rail reserve
at the old Philippi depot. They have been there since 2019. The City of Cape
Town has provided them with some services, but community leaders say the
communal toilets and standpipes are insufficient and there is no rubbish
collection.

 

Mncedisi Twala, a community leader in Eyadini, said, "We have resorted to
illegal electricity connections in the absence of electrification. We don't
have the simplest basic services. We are living in filth as there is no
cleaning company to service the area. We feel our voice is not listened to
as we have on numerous occasions asked about the plans to service us, but we
are not getting the desired answers."

 

According to community leaders there are over 6,000 households in the area,
made up of informal settlements Malema, Eyadini, Lungisile and Downtown, but
GroundUp has not confirmed this.

 

City spokesperson Luthando Tyhalibongo said the City has provided 336
chemical and 654 portable flush toilets, and 436 taps.

 

Tyhalibongo said the City had "requested written authority from PRASA to
allow the City to provide waste management services ... To date, this
authority has not been received."

 

We asked PRASA spokesperson Andiswa Makanda and regional manager Raymond
Maseko why this had not been forthcoming. They did not respond. Maseko also
did not respond to a community leader's accusation that he had broken
promises to meet with the community.

 

Metrorail Western Cape spokesperson Zinobulali Mihi responded but not to our
question about the authorisation. She only said PRASA cannot install
services, as municipal services fall under the jurisdiction of the City.

 

Mihi said PRASA was working with national, provincial and local government
to address the humanitarian, safety and infrastructure challenges.

 

She said the occupation "continues to pose serious safety risks" to the
households on the tracks and affects PRASA's ability to restore rail
services.

 

According to Mihi, the long-term plan is the permanent relocation of the
households. The Housing Development Agency (HDA) will be the implementing
agency.

 

"The Old Philippi depot remains earmarked for modernisation and integration
into the Central Line recovery programme. These upgrades are essential to
restoring reliable rail operations in the region," said Mihi.

 

Read the original article on GroundUp.

 

 

 

 

 

 

Nigeria: 'You Can't Tax Hunger' - Opposition Warns Tinubu

Abuja — *Commends NLC, TUC for standing against 'anti-people' policies

 

Nigeria's opposition movement on Wednesday warned that the Federal
Government's proposed tax regime could worsen the country's deepening social
and economic crisis, accusing the administration of imposing harsh fiscal
policies on citizens already overwhelmed by poverty, insecurity, and rising
living costs.

 

Speaking at a press briefing in Abuja, the National Opposition Movement
(NOM) described the planned tax measures as punitive and ill-timed,
insisting they amount to an attack on the survival of ordinary Nigerians
rather than genuine reform.

 

The briefing was addressed by Hon. Chile Igbawua, who spoke on behalf of the
movement, alongside other leaders, including former Minister of Youth and
Sports Development, Solomon Dalung, as well as representatives of civil
society and allied political blocs.

 

The group said Nigeria was standing at a threshold of multidimensional
'failure,' pointing to worsening insecurity, hunger, unemployment,
homelessness, and a steady decline in quality of life.

 

 

It argued that instead of urgently addressing these challenges, the Tinubu
administration was more focused on political interests and elite
preservation than on the welfare of citizens.

 

"Nigeria stands at the edge of a multidimensional national failure. At no
time in our history has life been so short, so brutish and so miserable for
ordinary citizens," the movement said.

 

According to the opposition, global development indicators now place Nigeria
among countries with the lowest quality of life in the world, even below
some of its poorer West African neighbours.

 

It warned that persistent governance failures in Africa's most populous
nation could have far-reaching consequences for democracy, security, and
human development across the sub-region.

 

The movement said it was particularly alarmed that the government intended
to introduce what it described as the most exploitative tax regime in
Nigeria's history at a time when households and businesses were still
grappling with the effects of fuel subsidy removal, currency depreciation,
food inflation, and rising electricity tariffs.

 

 

"What the President is rolling out is not tax reform. It is an assault on
the livelihood of ordinary Nigerians," Igbawua said.

 

The opposition criticised provisions requiring all adults of taxable age,
including the unemployed, to file tax returns, as well as obligations
compelling business owners to file returns for employees earning below
taxable thresholds.

 

It described the policy as 'mindless' in a country burdened by mass
unemployment, poor digital infrastructure, and weak public institutions.

 

It warned that small and medium-scale enterprises, already struggling to
survive in a hostile economic environment, were being pushed closer to
collapse without any meaningful government support.

 

 

"You cannot tax hunger. You cannot tax poverty. And you cannot tax people
into prosperity," the movement declared.

 

Beyond taxation, the group accused the Tinubu administration of overseeing
unprecedented levels of state capture, secrecy, and corruption, alleging
that public institutions had increasingly been turned into private
instruments serving elite and family interests.

 

It cited unresolved corruption cases, opaque agreements involving revenue
agencies, and allegations against top regulators as signs of a serious
breakdown in transparency and accountability.

 

"Nigerians are being asked to pay more without being promised anything in
return, no better hospitals, no better schools, no security, no jobs," the
statement said.

 

The opposition aligned itself with organised labour, commending the Nigeria
Labour Congress (NLC) and the Trade Union Congress (TUC) for resisting
policies it said had pushed millions deeper into poverty.

 

It also praised opposition leaders who recently spoke out against what it
described as growing authoritarianism and economic mismanagement.

 

In a list of demands, the National Opposition Movement called for the
immediate suspension of the tax plan, nationwide consultations involving
labour, civil society, professionals, small businesses, and state
governments, and the introduction of strong social protection guarantees
tied to any future reform.

 

It urged the government to prioritise taxing luxury consumption, excess
profits, monopolies, and corruption rather than burdening low-income
earners.

 

"Nigeria does not suffer from low taxation. Nigeria suffers from waste,
corruption, mismanagement, and policy arrogance. You do not fix government
failure by billing its victims," the group said.

 

The movement warned that pushing through the tax plan without broad
consultation would leave the government fully responsible for any social and
economic consequences, stressing that its position was not a threat but a
reflection of growing frustration across the country.

 

"Nigeria is hurting, and the suffering people have limits. President Tinubu
should let Nigerians breathe," the opposition added.

 

Read the original article on Vanguard.

 

 

 

 

 

 

 

 

 

 

 


 


 


 Invest Wisely!

Bulls n Bears 

 

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INVESTORS DIARY 2025

 


Company

Event

Venue

Date & Time

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


Companies under Cautionary

 

 

 


 

 

 

 


CBZH

GetBucks

EcoCash

 


Padenga

Econet

RTG

 


Fidelity

TSL

FMHL

 


 

 

 

 


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