General
Theresa May Applauds Buhari’s “Successful Business Reform Agenda” in Nigeria
By Dipo Olowookere
British Prime Minister Theresa May has commended President Muhammadu Buhari of Nigeria for leading a successful business reform agenda in the Africa’s most populous nation.
Mrs May gave a pat on Mr Buhari’s back when both leaders met yesterday at 10 Downing Street, London.
Mr Buhari is among the leaders attending the Commonwealth Heads of Government Meeting (CHOGM) in London.
At the meeting on Monday, Mrs May “congratulated the President (of Nigeria) on leading a successful business reform agenda in Nigeria, noting that as the UK leaves the EU, our bilateral trade and investment relationship would continue to go from strength to strength.”
However, the British Prime Minister expressed concerns that “so many girls had been affected by the security situation in Nigeria.”
But she said the thoughts of the British people were with the girls and their families.
In a statement issued by 10 Downing Office, it was disclosed that during Monday’s meeting, both leaders “agreed that the UK and Nigeria were strong and enduring partners and that we would continue to champion our shared values of democracy, including the fight against corruption, and inclusive education.”
It was disclosed that, “They agreed our defence and security cooperation was close and longstanding, particularly on issues of regional security where we were working together to tackle the threat of Boko Haram and Islamic State West Africa, including through a new £1 million package of counter-IED equipment to protect troops and civilians in Nigeria.”
“They agreed on the importance of tackling climate change, and of fighting the scourge of modern slavery and discussed Salisbury and Syria, agreeing on the vital importance of upholding international norms against the use of chemical weapons,” the statement obtained by Business Post on Tuesday disclosed.
In 2017, the Mr Buhari-led administration launched the Economic Recovery and Growth Plan (ERGP), a Medium Term Plan for 2017 – 2020 developed for the purpose of restoring economic growth while leveraging the ingenuity and resilience of the Nigerian people – the nation’s most priceless assets.
In the second quarter of 2016, Nigeria slipped into an economic recession caused by many factors, including drop in oil prices in the global market as well as attacks on oil facilities in the oil rich Niger Delta region of the country, which dropped the level of production.
Worried that the economy was likely to remain on a path of steady and steep decline if nothing was done to change the negative trajectory, government came up with the ERGP to tackle the causes of the recession and ultimately change the national economic trajectory in a fundamental way.
The scheme led to different business reforms, improving the ease of doing business in Nigeria.
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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