The Corporate Affairs Commission (CAC) says it will be possible for companies in Nigeria to be registered within three hours, before the end of 2021. The commission tweeted this on Sunday via its verified Twitter handle. It said, Garba Abubakar, the commission’s registrar-general, gave this indication at a recent dinner in honour of the chairman, governing board, CAC and Nigeria’s Ambassador-designate to Spain, Ademola Seriki. The commission announced last December the upgrade of its online registration portal for business. It said the upgrade would include features that allow the automation of key services and processes in line with the federal government’s effort to Nigeria’s ease of doing business. Newsmen had reported how the new regulation protocol has left businesses in the country s...
The International Criminal Police Organisation (INTERPOL) has warned against the purchase of COVID-19 vaccines online. INTERPOL noted that criminals have started producing and selling fake vaccines through online platforms. The law enforcement organisation, in a statement published on its website, said members of the public that purchase such fake vaccines are at risk of serious health hazards. “With criminal groups producing, distributing and selling fake vaccines, the risks to the public are clear: these can include buying a product which not only does not protect against COVID-19, but poses a serious health hazard if ingested or injected. Such products are not tested, regulated or safety-checked,” the statement read. “Legitimate vaccines are not for sale. They are strictly administered ...
Lagos State Governor, Mr Babajide Sanwo-Olu, says the state is ready to domesticate the African Continental Free Trade Area (AfCFTA) agreement. Sanwo-Olu said this on Tuesday when he received the Minister for Industry, Trade and Investment, Mr Niyi Adebayo, on a courtesy visit at the Lagos House, Ikeja. The minister led members of the National Action Committee on nationwide sensitisation on African Continental Free Trade Area (AfCFTA), which the nation entered into to deepen economic integration among African countries. He said that Lagos had observed the processes leading to the adoption of the continental trade agreement and positioned itself for market expansion across areas of collaboration. The governor said the state was ready to take advantage of the AfCFTA for growth, as a local ac...
Dr. Ngozi Okonjo-Iweala, Director General of World Trade Organisation (WTO), has warned of Nigeria’s continued reliance on crude oil and gas as the major source of revenue to the government. Okonjo-Iweala sounded the warning on Wednesday in Abuja at a meeting with Women Entrepreneurs in Nigeria held at the headquarters of the Nigerian Export Promotion Council (NEPC). She urged the government to transit from oil and gas based economy to other non-oil sectors. She pointed out that unless Nigeria diversifies her economy, it would be left behind by other countries. She said, “I have kept on harping that Nigeria should transit from oil and gas based economy to producing in other non-oil sector. “This is because of the climate change. Fossil fuels which are oil and gas, that Nigeria depends on, ...
An Abuja-based activist, Sesugh Akume, has filed a suit before a Federal High Court in the nation’s capital, asking it to compel states that outlawed the sale of alcohol to refund the sums received through Value Added Tax imposed on alcoholic beverages. About 12 states practise Sharia law in Nigeria. They are Kano, Kaduna, Katsina, Kebbi, Sokoto, Borno, Yobe, Jigawa, Bauchi, Gombe, Zamfara and Niger. Based on Sharia law, some of the states prohibit the sale of alcoholic beverages and usually hold public events where bottles of alcoholic drinks are destroyed while gambling is also illegal. However, all the states receive VAT collected from alcoholic beverages sold in other states that permit the sale of the product. In an originating motion brought pursuant to Section 1(3), 4(5), 162(3), (4...
The Speaker, Lagos State House of Assembly, Mudashiru Obasa, says he will work toward ensuring that Lagos State University (LASU), Ojo, becomes a world class institution through appropriate legislation. Obasa made the promise while receiving the institution’s Alumni Association led by its Vice President, Norrison Quakers, a Senior Advocate of Nigeria (SAN), on Wednesday in Lagos. He said this is to ensure that the institution catches up with the top tertiary institutions across the world. The speaker said the House had always ensured that requests involving LASU were prioritised in the budget to enable the institution to meet the accreditation requirements of the Nigeria University Commission (NUC). He said that currently, there was hardly any institution in the country that LASU could not...
The Peoples Democratic Party, PDP, has said the peace, harmony and unity of purpose that characterized the conduct of its zonal congresses in the North-East and South-East geo-political zones last recently Friday and Saturday, is an indication of its readiness to take over the leadership of the country. The national publicity secretary of the party, Kola Ologbondiyan, stated this yesterday in a chat with newsmen in Abuja. According to him, “the peaceful conduct of its zonal congresses shows the sharp contrast between the PDP and the All Progressives Congress, APC whose activities are always enmeshed in selfish contestations, lust for power, bloody clashes and overheating of our national polity.” The statement continued: “The harmony in the PDP as one indivisible family is a direct product ...