Business

Abuja Chamber of Commerce’s 2025 Outlook

The ACCI boss called for policies that will address the challenges of multiple taxation and rising operational costs.

Published

2 years ago

January 2, 2025

OCHEFA

473 Views

The President of Abuja Chamber of Commerce and Industry (ACCI), Emeka Obegolu has expressed optimism that 2025 will bring renewed opportunities for businesses to thrive.

In a New Year message, he commended the business community’s resilience and determination to have navigated the economic challenges of 2024.

“As we step into 2025, the Chamber is optimistic about the opportunities for growth and economic development that lie ahead,” Dr Obegolu said.

The ACCI boss called for policies that will address the challenges of multiple taxation and rising operational costs.

He urged governments at all levels to harmonize tax policies to ease the burden on businesses and prevent closures.

Dr Obegolu also called on the administration of President Bola Tinubu to prioritise improving the ease of doing business in Nigeria, noting the need for improvement in the country’s global ranking.

He emphasizes the critical role of micro, small, and medium-scale enterprises (MSMEs) in the Nigerian economy and advocates for enhanced access to financing and the creation of a reliable database of active businesses to better support this vital sector.

Related Topics:Abuja Chamber of Commerce Business Outlook 2025 Featured

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Business

NPA initiate trucks movement code to ease traffic at Lagos ports

The initiative is designed to ensure that each truck is matched exclusively to its designated empty container, eliminate multiple allocations, improve traffic management and enhance operational efficiency within the port corridor.

Published

2 days ago

July 30, 2026

OCHEFA

35 Views

The Nigerian Ports Authority (NPA) has introduced a movement code to streamline the movement of empty containers into seaport terminals and reduce traffic congestion caused by container trucks along the Apapa and Tin Can Island port corridors.

The Guardian reported that under the new policy, the movement code will serve as a unique identifier generated by a holding bay for every empty container uploaded to the Electronic Call-Up (ETO) platform.

The code must correspond with the details captured on the ETO system before trucks are granted access to port terminals.

In a notice issued to stakeholders, the NPA said the movement code has become a mandatory requirement for completing the truck-container matching process.

Truck drivers are required to obtain the code from designated holding bays before proceeding to the ports.

According to the authority, the initiative is designed to ensure that each truck is matched exclusively to its designated empty container, eliminate multiple allocations, improve traffic management and enhance operational efficiency within the port corridor.

Business

Okonjo-Iweala lauds Cardoso for stabilising Nigeria’s monetary environment

Okonjo-Iweala, gave the commendation on Thursday at the 7th Africa Emerging Markets Forum held in Abuja, with the theme: “Building Resilience Amidst Geo-economic Uncertainties.”

Published

2 days ago

July 30, 2026

OCHEFA

46 Views

The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has commended the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, for stabilising Nigeria’s monetary environment.

Okonjo-Iweala, gave the commendation on Thursday at the 7th Africa Emerging Markets Forum held in Abuja, with the theme: “Building Resilience Amidst Geo-economic Uncertainties.”

Speaking at the forum, Okonjo-Iweala commended Cardoso on the work that he and his team have done on currency and monetary policy stabilisation.

However, she emphasised that Nigeria must sustain broader macroeconomic reforms.

“Nigerians have to feel the dividends of reform in the real economy,” she added.

The forum brought together policymakers, business leaders and development partners to discuss strategies for strengthening Africa’s resilience amid growing global economic uncertainty.

Business

Naira Exchange Rates Thursday, July 30 : Black Market, CBN, Commercial Bank

Sterling Bank publishes both a buy rate and a sell rate for USD, GBP, EUR, and ZAR. The buy rate is what Sterling Bank will pay you when you exchange foreign currency for Naira. The sell rate is what you will pay when buying foreign currency from Sterling Bank at its branches.