Business
Cross River to Host 2026 AfSNET 2026 Investment Conference
Some projects that have materialised from the AfSNET initiative include funding industrial parks and Special Economic Zones in Ogun State, Nigeria, and supporting deep seaport development in Cross River State, Nigeria.
• President & Chairman of the Board of Directors of Afreximbank, Prof Benedict Oramah and the Executive Governor of Cross River State, Prince Bassey Edet Otu during the event in Algiers.
The 2026 edition of African Sub-Sovereign Governments Network Investment Conference (AfSNET), an initiative of African Export-Import Bank (Afreximbank), will be hosted by the Government of Cross River State.
Some projects that have materialised from the AfSNET initiative include funding industrial parks and Special Economic Zones in Ogun State, Nigeria, and supporting deep seaport development in Cross River State, Nigeria.
The agreement was signed during the Sub-Sovereign Business Engagement session held on the margins of the ongoing Intra-African Trade Fair 2025 (IATF2025) in Algiers, Algeria.
It was signed by the President & Chairman of the Board of Directors of Afreximbank, Prof Benedict Oramah and the Governor of Cross River State, Prince Bassey Edet Otu.
The event will convene sub-sovereign leaders, investors, development partners, and key stakeholders to explore trade and investment opportunities across Africa.
The annual conference aims to put city and state governments at the centre of intra-African trade.
The 2026 edition will spotlight investment-ready projects, facilitate matchmaking between investors and local governments, and promote regional integration.
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Business
Traders shut down Enugu ‘s Obollo-Afor market over N25,000 haulage levy
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
All shops and markets at Obollo-Afor, Udenu Local Government Area of Enugu State were shut yesterday, as traders staged a peaceful protest against alleged selective collection of a N25,000 haulage levy in the market.
The traders, who locked their shops and took to the streets in large numbers, carried placards with various inscriptions, alleging that the Enugu State Internal Revenue Service (ESIRS) had singled out Obollo-Afor Market for the collection of N25,000 haulage fee on every truckload of goods loaded or offloaded in the market.
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
Addressing officials of the Udenu Local Government Council at the council secretariat, where the protesters marched to present their grievances, Chairman, Obollo-Afor Market Traders Association, Charles Eze, lamented that truck operators bringing foodstuffs, building materials, and other commodities to the market had stopped coming because of the levy.
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