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SALTCCIMA demands petrol price hike reversal to save businesses

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The Salt City Chamber of Commerce, Industry, Mines, and Agriculture has called for an immediate return to the old prices of Premium Motor Spirit to prevent the collapse of small businesses in Ebonyi State.

SALTCCIMA, in a statement, decried the impact of recent hikes in the prices of PMS and diesel on businesses in the state.

The SALTCCIMA President, Chukwuemeka Eze, said the chamber acknowledged the scarcity of PMS and diesel across the country, which had led to an increase of over 50 per cent in fuel prices and severely strained businesses, especially agriculture and commerce.

Premium Motor Spirit and diesel are the lifelines of our businesses and daily lives. The recent price hikes have placed a heavy burden on business operations, especially in an agrarian state like Ebonyi.It is becoming increasingly difficult to stay silent amidst the hardships our people are enduring,” Eze added.

He said while the government’s efforts to promote nano, micro, small, and medium-scale enterprises were commendable, the continuous increase in fuel prices remained the greatest threat to the survival of those businesses.

Our members, mostly NMSMEs, are bearing the brunt of this policy.

The rising fuel costs are crippling commerce, production, and agriculture in Ebonyi,” he noted.Eze pointed out that the chamber was concerned that the price hike coincided with Dangote Refinery’s announcement that the Federal Executive Council would determine the prices of its products.

“This leaves a sour taste in the mouth,” the chamber president stated.

He urged the implementation of the Petroleum Industry Act 2021, specifically Section 205, which was expected to lower the prices of petroleum products but has not produced the desired results.

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UK Parliament Honors NASENI CEO for Driving Africa’s Industrial Innovation

In his remarks, Halilu emphasised Africa’s readiness to lead in innovation, manufacturing, and sustainability.“It is a great honour to receive this award alongside fellow visionaries committed to Africa’s future.

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The Executive Vice Chairman and Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Halilu, has been honoured with the prestigious African Achievers Award at the 15th edition of the ceremony held at the historic House of Lords, UK Parliament.

The award, presented during an event that brought together royals, global leaders, policymakers, and innovators, recognised Halilu’s outstanding contributions to advancing Africa’s technological infrastructure, innovation ecosystems, and industrial growth through his leadership at NASENI.

Hosted by Baroness Sandip Verma, Chancellor of the University of Roehampton and a respected member of the House of Lords, the ceremony was a powerful global showcase of African excellence and transformative leadership, a statement by NASENI’s Director of Information, New Media and Protocol, Olusegun Ayeoyenikan, said.

Halilu joined a distinguished group of honourees including public officials, business executives, and philanthropists shaping the future of the continent.

In his remarks, Halilu emphasised Africa’s readiness to lead in innovation, manufacturing, and sustainability.“It is a great honour to receive this award alongside fellow visionaries committed to Africa’s future.

At NASENI, we are bridging the gap between ambition and access, turning ideas into industries, empowering indigenous solutions, and driving forward Nigeria’s and Africa’s industrial transformation. Africa is not just rising, it is ready,” he said.

Under his leadership, NASENI, the statement said, has been repositioned as Nigeria’s leading technology transfer agency, delivering on the Renewed Hope Agenda of President Bola Tinubu by enabling local production in critical sectors such as clean energy, agriculture, transportation, and digital infrastructure.

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We didn’t shutdown Tummy Tummy noodles factory – NAFDAC

In a statement released on Wednesday, the Director-General of NAFDAC, Prof. Mojisola Adeyeye, clarified that the viral recording was not only misleading but also a recycled falsehood.

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The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a formal disclaimer concerning an audio recording circulating on social media.

The audio recording falsely claims the agency shut down the Tummy Tummy noodles manufacturing facility in Anambra State.

In a statement released on Wednesday, the Director-General of NAFDAC, Prof. Mojisola Adeyeye, clarified that the viral recording was not only misleading but also a recycled falsehood.

According to her, the same audio first appeared in Oct. 2023 and was thoroughly investigated at the time.

“The claims made in the recording are entirely false.

“The Tummy Tummy noodles facility in Anambra State was not sealed,” she stated.

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Illicit Financial Flows Draining National Resources – Adedeji

He emphasized the need to strengthen Nigeria’s domestic resource mobilisation to safeguard national wealth.

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•Chairman of FIRS, Zacch Adedeji

On July 22, 2025, the Executive Chairman of FIRS, Zacch Adedeji, delivered the welcome address at the National Conference on Illicit Financial Flows in Abuja.

He emphasizied the need to strengthen Nigeria’s domestic resource mobilisation to safeguard national wealth.

He cited the recent tax reforms as a major step forward and highlighted the following as key points in his welcome address:

* Illicit Financial Flows through tax evasion, profit shifting and money laundering are draining national resources and threatening fiscal stability.

  • The recent signing of four tax reform bills marks a critical step toward transparency, system overhaul, and stronger institutions.
  • FIRS is responding with a multi-dimensional strategy: promoting voluntary compliance, embracing digital intelligence and enhancing enforcement under the Proceeds of Crime Act.
  • * A need for unified, data-driven, and globally coordinated action to close fiscal gaps and protect Nigeria’s economic future.
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