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LCCI Urges FG to Turn Trade Agreements into Feasible Results

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Successful Forex Traders

By Adedapo Adesanya

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigerian government to turn recent global trade agreements into actionable results.

The Director-General of LCCI, Mrs Chinyere Almona, gave this advice on Monday in reaction to the outcomes of President Bola Tinubu’s recent diplomatic missions to Brazil and Japan.

Mrs Almona said given the persistent tariff tensions worldwide, the outcomes presented new trade opportunities worth exploring as Nigeria strove to push trade to new frontiers.

Already, Nigeria’s non-oil exports rose by 19.6 per cent to $3.22 billion in the first half of 2025, driven by global demand for products such as cocoa and urea/fertilizer, cashew nuts.

The LCCI Director-General stressed the need for the country to remain focused on supporting these statistics by creating new market routes to new trade partners.

According to her, an increase in non-oil exports to 4.04 million metric tons from 3.83 million tons shows an increased capacity to process non-oil exports and boost our export earnings.

She urged government to reach out to strategic partners that would place Nigeria in a stronger negotiating position when needed.

“LCCI commends the signing of the Bilateral Air Service Agreement (BASA) with Brazil, which enables direct flights between the two nations.

“This agreement will expand export markets, boost tourism and cultural exchange, and unlock new trade routes for Nigerian businesses.

“Beyond aviation, it offers opportunities for technical partnerships in aircraft maintenance, aerospace engineering, and vocational training for Nigerian youth.

“BASA should not be just about flights, but about creating new pathways for trade, mobility, and job opportunities for Nigerian youths and must therefore be activated quickly and strategically,” she said.

Mrs Almona also lauded the 238 million dollars collaborative financing framework outcome of the Tokyo International Conference on African Development (TICAD 9) to upgrade the national electricity generation grid infrastructure.

She said the investment gestures from Japan and other economies would encourage Nigeria to equip its youth population with vocational and technical skills.

This, she added, would enable them capitalise on opportunities in labour-intensive sectors, such as those found in high-manufacturing countries like Japan.

Mrs Almona stated that Nigeria’s foreign policy must now focus on translating agreements into tangible outcomes.

She advised that the private sector be well-integrated in operationalising these agreements through follow-up mechanisms, setting clear timelines for implementation, and prioritising vocational and technical skills development in markets.

“Japan sees our youth as Africa’s biggest strength and Nigeria must equip its young people with the technical skills to compete globally.

“By combining visionary diplomacy with practical action, Nigeria can shift global perceptions from challenges to opportunities and rebrand itself as a reform-driven, youth-powered, and investment-ready economy,” she said.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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President Tinubu Greets Senator Kalu at 65

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Orji Uzor Kalu Tinubu 65th birthday

By Aduragbemi Omiyale

The Senator representing Abia North Senatorial District in the National Assembly, Mr Orji Uzor Kalu, has been congratulated by President Bola Tinubu on his 65th birthday.

In a statement released by the State House, the former Governor of Abia State was praised for his multifaceted roles and his service to the nation.

Mr Tinubu said his longtime friend and political ally has worked for the growth of Nigeria, having served as the Senate Chief Whip and currently the Chairman of the Senate Committee on the South East Development Commission (SEDC).

The SEDC is one of the regional development commissions established by the administration of President Tinubu to accelerate infrastructure, economic growth, and overall development across the South East geopolitical zone.

The President highlighted the lawmaker’s significant contributions during his tenure as Governor of Abia State from 1999 to 2007, as well as his continued dedication to the progress of the state and the nation at large.

He also acknowledged Mr Kalu’s accomplishments in the private sector, describing him as a media mogul and Chairman of SLOK Holding, who continues to play a vital role in Nigeria’s economic development.

“Senator Orji Uzor Kalu’s vision, resilience, industry and service to the nation and commitment to the progress of Abia are noteworthy,” President Tinubu remarked.

“I wish him long life, greater strength and increased wisdom as he continues his service to the nation,” the President concluded.

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FCCPC Seals Paradise Estate Over Consumer Rights Violations

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Paradise Estate Abuja

By Adedapo Adesanya

The Federal Competition and Consumer Protection Commission (FCCPC) has sealed Paradise Estate in Life Camp Extension, Abuja, following serious allegations of consumer rights violations.

The action was taken due to the estate’s alleged failure to deliver housing units to buyers despite receiving full payment.

The FCCPC also cited multiple public complaints and other offences as grounds for the enforcement.

According to the commission, numerous complaints had been lodged against Paradise Estate, but the management repeatedly failed to comply with regulatory directives.

The non-compliance prompted the FCCPC’s visitation and eventual sealing of the premises.

Speaking to reporters, the FCCPC’s Deputy Director of Surveillance, Marvin Nadah, noted that the developer was given a seven-day window to respond to an official summons but failed to comply.

In its defence, Paradise Homes’ Head of Legal, Mr Aloysius Ezenwa, argued that the transactions were protected under the existing “Contract of Sale.” The company expressed its dissatisfaction with the sealing, maintaining that the dispute is a contractual matter that should be settled before a tribunal.

However, the FCCPC maintained that its actions were lawful and that it had not been served with any court appeal to halt the process.

The commission reiterated its stance on prioritising the rights of Nigerian consumers and ensuring developers are held accountable.

It noted its commitment to protecting consumers from unfair business practices and warned other real estate developers to adhere strictly to contractual obligations and consumer protection laws.

The FCCPC’s involvement in a housing complaint comes after a Federal High Court in Abuja ruled that the organisation has the powers to investigate consumers’ complaints involving banks and other financial institutions.

The banks, the court ruled, are answerable to FCCPC. It dismissed a suit filed by the United Bank for Africa (UBA) and slammed N2 million on it.

The decision has been described as a big win for bank customers.

In a statement signed by its Corporate Affairs Director, Mr Ondaje Ijagwu, FCCPC’s chief executive, Mr Tunji Bello, said, “This is a big victory for bank customers.”

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NPA Onne Honours Retirees

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Onne Port complex retirees

By Bon Peters

Retirees of the Nigerian Ports Authority (NPA) Onne Port complex in Rivers State were honoured at an event on Wednesday, April 22, 2026.

The ceremony was full of conviviality, renewal of camaraderie and more importantly a demonstration of love, affection and commitment as shown to the retirees by the management.

The Port Manager for Onne Port Complex, Mr Abdulrahmon Hussain, informed newsmen that the event was to appreciate the retirees who have shown commitment, laid foundation and also mentored most of the workforce at Onne.

“What the Nigerian Ports Authority Onne Port complex management is doing today is to appreciate our retirees,” he said.

“We believe that the foundation we are standing on today was laid by them. While in service, they have mentored our junior staff and contributed immensely to the growth and development of the Port.

“Simply put, you know here is referred to as a family Port and we want to sincerely show them that they are still members of the family though retired,” he added.

Mr Hussain also praised the Managing Director of the NPC, Mr Abubakr Dantsoho, for giving welfare of employees a priority.

“Today’s event is the first of its kind at our Port but we promise to make it more memorable going forward.

“Apart from the multivitamins and other drugs we provided for them, I feel the most important thing is the demonstration of love and care which the management has shown them today, and I promise that the management will do more next year,” he stated.

Also speaking, the Chief Medical Officer (CMO) of Onne Port complex Dr Bashir Kangiwa, applauded the Port Manager for the initiative describing it as the first of its kind.

He noted that when he was assigned to carry out the project from the Medical Department, he embraced the responsibility with all arms and was happy it was successful.

He hinted that the NPA has a policy that even as a retiree, they enjoy an unhindered access to the company’s medical facilities and could also be referred to another hospital if the ailment is beyond the organisation’s control.

One of the retirees, Mr Ndudim Amos Nwaji, a former NPA Senior Staff Association Chairman, thanked the management of Onne Port complex for the gesture.

He advised those in the leadership position of this country to borrow a leaf from the NPA management, insisting that the senior citizens of this country should be taken care of.

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