General
Nigeria, Canada Move to Boost Trade, Collaboration
By Adedapo Adesanya
The governments of Nigeria and Canada have identified ways they can do much more together by improving trade, deepening ongoing educational collaboration, and continuing dialogue on the global energy transition issues and climate change, amongst others.
This came as Vice President Yemi Osinbajo and Canadian Deputy Prime Minister, Mrs Chrystia Freeland, met in Ottawa, the capital of the North American country, on Monday.
During his interaction with top Canadian parliamentarians, including senators and cabinet members led by Freeland, Mr Osinbajo noted that “we are hoping for much more that we can do together.”
The Canadian Deputy Prime Minister, who is also the nation’s Finance Minister, had earlier expressed similar sentiments while welcoming the Vice President.
She observed that the Canadian government values its relationship with Africa, especially Nigeria, and has been “looking forward to this visit for a long time,” adding that the relationship with Nigeria is “very important to us.”
On the global net zero emissions targets and energy transition, Vice President Osinbajo reaffirmed the view that gas ought to be adopted as a transition fuel, a notion he said garnered traction at the recent COP27 conference in Egypt, even though still widely unacknowledged in the West.
“We believe we must use our gas as transition fuel; we have huge gas reserves. We would like to continue to use our gas during the transition,” the Vice President said, according to a statement by his spokesman, Mr Laolu Akande.
The VP also explained that the federal government’s Energy Transition Plan is focused on renewable energy, including the ongoing Solar Power Naija Programme, which was launched under the Economic Sustainability Plan.
On her part, the Canadian Deputy Prime Minister wondered whether countries such as Nigeria are already struggling to get financing for gas projects.
She said, “we will be happy to keep talking with you on that,” adding that the use of Natural Gas makes sense and noting that the dialogue should continue.
Both leaders exchanged notes on some of the common and peculiar economic challenges in their respective countries, including fiscal and monetary challenges, subsidies, financial inclusion, social investment programmes and strategies to support the vulnerable, among others.
They also discussed the African Continental Free Trade Area (AfCFTA), observing that the market provided opportunities for mutual benefits, not only for African countries but also for Canada, which is contributing to its development and also tapping into the continental market.
By Modupe Gbadeyanka
A hotline number, 0800 123 5264, for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS), commonly known as petrol, above the approved pump price of N739 per litre, has been released by Dangote Petroleum Refinery.
The private refiner said the number was now active nationwide, enabling consumers to promptly report violations and help maintain fair pricing across over 2,000 MRS stations.
This measure follows the refinery’s recent commencement of nationwide PMS sales at N739 per litre—a strategic intervention aimed at stabilising fuel prices and easing the financial burden on Nigerians during the festive season.
“We encourage Nigerians to avoid purchasing PMS at inflated prices when locally refined fuel is available at N739 per litre.
“Report any MRS station selling above this price by calling our hotline. Together, we can ensure that the benefits of this price reduction reach every consumer,” the company stated in a statement.
The organisation stressed its mission to deliver affordable, high-quality fuel while safeguarding national economic interests, reaffirming its commitment to steady supply, backed by a guaranteed daily output of 50 million litres, and warned against attempts to create artificial scarcity or manipulate supply.
Regulatory authorities have been urged to remain vigilant and take decisive action against unpatriotic practices.
By refining locally at scale, Dangote Refinery is reducing Nigeria’s dependence on imports, conserving foreign exchange, stabilising the Naira, and strengthening energy security. This initiative represents a significant milestone in the country’s journey toward sustainable energy solutions and economic recovery.
The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.
“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 statement added.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
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.
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.
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