General
FG Kicks Off AfCFTA Stakeholders’ Sensitization, Consultation
By Dipo Olowookere
In pursuant to the directive of President Buhari to deepen sensitisation of African Continental Free Trade Area (AfCFTA), the Federal Government has commenced Stakeholders’ Sensitization and Consultation across the six geopolitical zones starting in Kano Sate; North-West zone.
The decision to establish the AfCFTA was taken in 2012 by all Heads of State and Government of the African Union (AU) at its 18th Ordinary Session. Actual Negotiating Progress started with Nigeria’s Leadership in 2017 when Ambassador Osakwe was elected Chairman of the 54-member Negotiating Forum in Niamey, Niger, on June 5, 2017 during the 6th cycle of the negotiations for the AfCFTA.
The seasoned negotiator and diplomat at the time he was elected had explained that “the responsibility we have is a major challenge and at the same time a unique opportunity to contribute to growth, job creation and poverty reduction in Africa. Concluding the AfCFTA is also of necessity, for improving intra-African trade as part of a broader response to a global economy in rapid and uncertain change.”
AfCFTA are in two stages: Stage 1 covers Trade in Goods and Services; while Stage 2 covers intellectual property, competition policy and investment.
Stage 1 negotiations chaired by Nigeria’s Chief Trade Negotiator, Ambassador Osakwe, were concluded by the 10th Negotiating Forum on March 8, 2018 and adopted by African Ministers of Trade (AMOT) chaired by Nigeria’s Minister Enelamah and forwarded to the AU Executive Council of Foreign Ministers of AU.
At the Extraordinary Summit of African Union Heads of State and Government held on March 21, 2018 in Kigali Rwanda, the Agreement establishing the AfCFTA was adopted and signed by 44 Members of the African Union. The Declaration launching the AfCFTA was signed by 43 AU Members.
Since Kigali, Ghana and Rwanda have ratified the AfCFTA. Upon entry into Force, with the deposit of 22 instruments of ratification, the AfCFTA shall be the largest Free Trade Area (FTA) in the global economy. This will boost job creation through increased intra-African Trade and expand market access for Nigeria’s exporters of goods and services, covering a market of over a billion Africans with a combined GDP of $2.5 trillion.
Speaking at the AfCFTA Northwest Zonal sensitization and consultation in Kano, Governor Abdullahi Umar Ganduje, represented by the SSG, Mr Usman said: “Kano State is willing and committed to taking further specific steps to reactivate and update historic trade corridors with the objective of using these corridors to boost Nigerian exports and intra-African trade.”
Speaking further, he “urged participants to take advantage of African Continental Free Trade Area for the economic growth and betterment of their respective states, Nigeria and Africa in general.”
On his part, Director General/Chief Negotiator NOTN, Ambassador Chiedu Osakwe stated that “the AfCFTA is the result of Nigeria’s leadership.
“In implementing the directive of President Buhari to sensitive and consult nation-wide, we shall make the AfCFTA count in the range of efforts underway to trigger a catapult effect for Nigeria’s growth and job creation. Today, Kano, for the Northwest, caused a first class lift off.”
The AfCFTA when fully implemented, Nigeria stands to benefit from rules-based trade governance in intra-African trade to ensure fair trade and legal right to use trade remedies to safeguard the Nigerian economy from dumping and injurious trade practices.
As estimated by United Nations Economic Commission for Africa (UNECA), AfCFTA will expand the size of Africa’s economy to $29 trillion by 2050. Nigeria as the biggest economy in Africa stands to benefit tremendously from this.
General
ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
General
FG Declares Holidays for Christmas, New Year Celebrations
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
General
Dangote Refinery Warns Against Artificial Petrol Scarcity
By Modupe Gbadeyanka
Local crude oil refiner, Dangote Petroleum Refinery, has kicked against attempts to put consumers of premium motor spirit (PMS), otherwise known as petrol, under untold hardship in the country.
The company, which commenced nationwide sales of the product at a pump price of N739 per litre across all MRS Oil Nigeria Plc filling stations, appealed to Nigerians to report any of its marketers who sell above this price.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable.
“We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the Lagos-based refinery said in a statement.
It noted that the significant price reduction was part of its mission to deliver affordable fuel to consumers and stabilize the downstream petroleum market.
With over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of this reduction reach consumers nationwide.
Dangote Refinery applauded marketers who have embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.
Historically, the festive season has been associated with fuel scarcity and sharp price hikes. However, Dangote Refinery has delivered a decisive market intervention—crashing pump prices at a time when Nigerians typically brace for hardship. Backed by a guaranteed daily supply of 50 million litres, this initiative fundamentally alters the supply dynamics during the holiday period.
By refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilizing the Naira, and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses, and transport operators nationwide.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above N739 per litre by calling 0800 123 5264,” the refinery said.
“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market,” it added, reaffirming its commitment to steady supply, price moderation, and energy security, emphasizing that its operations are anchored on long-term national interest rather than short-term market pressures.
“Our objective remains clear: to ensure consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery concluded.
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