China, Canada Agree Landmark Trade, Visa Deal
Canada's PM Mark Carney and China's President Xi Jinping seal a major trade pact, cutting canola tariffs and allowing visa-free travel. A strategic shift for Canada.
Category : Search result: tariff relief
Nigeria, UAE waive tariffs on 13,000 goods
Nigeria and the UAE have signed a landmark trade deal, eliminating tariffs on 13,000 goods. The agreement promises to boost exports, attract investment, and improve air connectivity. Discover the details and impact.
NRS: Food, Transport Not Taxed in New 2026 Laws
NRS Chairman Dr Zacch Adedeji assures Nigerians that essential items like food and transport are exempt from transactional taxes under the new 2026 regime, aiming to tax prosperity, not poverty. Read details.
Manufacturers Decry Exorbitant Energy Costs, Erratic Supply
Nigerian manufacturers face crippling energy bills up to N220m monthly, hindering competitiveness. Despite Band A promises, outages persist, forcing reliance on costly alternatives.
Nigeria, UAE Sign Major Trade Agreement on 7,000+ Products
Nigeria and the UAE have signed a historic Comprehensive Economic Partnership Agreement (CEPA), eliminating tariffs on thousands of goods and boosting market access for exporters and professionals.
SEREC Faults Port Protests, Advocates Arbitration
SEREC urges an end to port shutdowns over shipping charges, advocating for structured arbitration and cost transparency. Read their full recommendations for industry reform.
EKEDC Downgrades Lagos Feeders from Band A to E
EKEDC has downgraded seven Lagos feeders, moving some customers from Band A to Band E and slashing daily power supply to as low as four hours. Discover the affected areas and the public outcry.
New Tax Act Faces Hurdles, Says Business Leader
Dele Oye identifies key flaws in Nigeria Tax Act 2025, including a low rent relief cap and restrictive forex deductions, warning of implementation challenges. Read the full analysis.
Experts Clarify N50 Stamp Duty on Transfers, Not Balances
Tax authorities clarify that the new N50 stamp duty applies only to electronic transfers, not bank balances. Learn about exemptions, VAT rules, and rent relief under Nigeria's 2025 Tax Act.
Nigeria Reviews Tariffs to Support Local Manufacturers
The Federal Government has begun a review of Nigeria's tariff framework to strengthen industrial competitiveness and reduce production costs for domestic manufacturers. Read more.
Youth Leader Demands Clarity on New Tax Benefits
AYRIN President Olufemi Ajadi urges the Federal Government to justify new taxes with economic relief and infrastructure. He warns of deepening poverty without accountability.
APC Threatens New Corruption Claims Against Oyo PDP
Oyo APC threatens to expose fresh mismanagement allegations against Governor Seyi Makinde's administration over N50bn Ibadan explosion relief fund and federal allocations. Read the full details.
Food Relief Reaches 200 Families in Ebute Metta
Lagos Food Bank Initiative & 22Bet's THX 22 foundation distributed food supplies to 200 families in Ebute Metta to combat hunger. Read about the impactful CSR initiative.
4 Groups Exempt from Tax in Nigeria's 2026 Reform
Nigeria's new tax law effective Jan 1, 2026, exempts minimum wage earners, low-income citizens & more. Discover the four categories benefiting from the fiscal reforms.
Ikeja Council Shares Rice to Ease Festive Burden
Ikeja Local Council Vice Chairman Abisola Omisore distributed rice to over 200 vulnerable residents to ease festive burdens. The initiative aims to strengthen community support and public confidence in grassroots governance.
New Tariffs to Make Nigeria's Ports 55% More Expensive
Maritime stakeholders warn that a new tariff hike approved by the Nigerian Shippers' Council will make doing business at Nigerian ports 55% costlier than other West African ports, contradicting government's cost-reduction goals.
APC to Makinde: Account for N50bn Ibadan Fund or Resign
Oyo APC challenges Governor Seyi Makinde to explain the N50 billion Ibadan explosion relief fund allegedly received from President Tinubu or resign. Details of the allegations and the governor's response.
N1bn Food Items Distributed to Kogi Widows for Christmas
Hon. Leke Abejide flags off N1 billion food distribution to widows and constituents in Yagba, Kogi State. The annual gesture includes rice, garri, and wrappers for festive support.
Nigeria's Endless Wait for Quality Telecom Experience in 2025
Despite a 50% tariff hike in January 2025, Nigerian telecom subscribers face dropped calls & slow internet. Explore the causes & economic impact of the persistent poor Quality of Experience (QoE).
4,500 Bags of Rice Donated to Bauchi Christians for Christmas
Wunti Al-khair Foundation has donated 4,500 bags of rice to CAN in Bauchi to support Christmas celebrations across the state's 20 LGAs. Read about this gesture of hope.
Yishawu's 50% Discount Food Market Eases Lagos Burden
Lagos lawmaker Gbolahan Yishawu launches a 50% discount food market in Eti-Osa, providing subsidized staples to over 10,000 residents for Christmas. Read how this initiative is easing economic pressure.
Lawmakers Must Revisit Beverage Excise Bill, Experts Warn
Analysis reveals the proposed Customs, Excise and Tariff Amendment Bill lacks Nigeria-specific evidence, risks 1.5 million jobs, and contradicts fiscal stability goals. Lawmakers urged to pause for broader consultation.
Tinubu Explains Hidden Benefits of New 2026 Tax Laws
President Bola Tinubu assures Nigerians the 2026 tax regime will ease burdens on the poor and small businesses, exempting essentials like food and medicine. Discover the full details.
FG Launches Onion Aid for 600 Sokoto Farmers
The Federal Government, through NADF, has launched an Onion Intervention Programme in Sokoto State to support 600 farmers hit by flooding and climate challenges, aiming to boost food security.
NEDC Gives Relief to Families of Slain Bauchi Police
NEDC provides food and non-food items to families of five police officers killed by bandits in Bauchi. The gesture aims to cushion the hardship from the tragic incident.
China Announces Zero-Tariff Policy for Nigerian Goods
China pledges zero-tariff access for Nigerian exports, accelerating economic ties. This move aims to deepen bilateral cooperation and mark 55 years of diplomatic relations. Explore the details and implications for Nigeria's trade future.
China to Implement Zero-Tariff on Nigerian Exports Early
China's Ambassador to Nigeria announces readiness to expedite zero-tariff policy for Nigerian goods, boosting trade ahead of 55th diplomatic anniversary and 2026 cultural exchanges. A major win for Nigeria's exporters.
Costco Challenges US Tariffs in Court, Seeks Refund
US retail giant Costco sues the Trump administration, demanding a refund for tariffs paid on imports. The case challenges the legality of Trump's trade policy. Read the full story.
Reps query Azura Power over N18bn undisclosed payments
House of Representatives committee demands explanation from Azura-Edo IPP for failing to disclose over N18bn received from NBET in 2023. Full investigation into power sector spending continues.
Rice Price Crashes to N60,000 Bag Ahead of Christmas
Nigerians get festive relief as rice prices drop significantly. A 50kg bag now sells for around N60,000 due to improved local harvests and border reopening. Read more.
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