Tag: Nigerian traders

FG gives traders one month deadline to crash prices of goods nationwide

Aminu Imam
FG deadline

The Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), has issued a one-month ultimatum to traders and market stakeholders to slash prices of goods and services nationwide. Executive Vice-Chairman of the Commission, Tunji Bello, made the announcement at a stakeholders’ engagement in Abuja, warning that enforcement actions will follow after the moratorium. Bello cited examples of exorbitant pricing, including a fruit blender priced at $89 in the US but sold for N944,999 in Lagos. According to him, such practices threaten the economy and urged stakeholders to cooperate,…

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Price Hikes: ‘Fear God as Ramadan draws near’ – Sultan urges traders

Aminu Imam

The Sultan of Sokoto, His Eminence, Muhammad Abubakar III, has asked traders not to increase prices of foodstuffs as Muslims’ month of fasting approaches. The Sultan, who is also the President-General of Nigerian Supreme Council for Islamic Affairs, made the call yesterday in Bauchi, at the close of a week-long 2022 National Qur’an Recitation Competition hosted by the Bauchi State government, in collaboration with Usman Dan Fodio University, Sokoto. The Sultan said, “I use this medium to call on all market people who sell things to be fearful of what…

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Nigerian traders protest Ghanaian authorities’ refusal to open locked shops

Ishaku Yohanna

The Nigeria Union of Traders Association in Ghana (NUTAG), has carried out a peaceful protest over Ghanaian authorities’ refusal to open shops owned by Nigerians in that country. Mr Chukwuemeka Nnaji, the President of NUTAG, who led the protest, told NAN at the weekend that the authorities in Ghana refused to open their shops since last year. Nnaji said that the protest was to press the Ghanaian authorities to open shops owned by Nigerians living in Ghana, to enable them to tackle economic challenges amid COVID-19 outbreak. “I’m in talks…

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FG faults clampdown on Nigerian traders in Ghana, considers retaliatory actions

Ishaku Yohanna

The Federal Government has faulted the closure of the business premises belonging to Nigerians by the Ghanaian authorities, saying it may consider retaliatory actions. The government also said that it may drag Ghana to the Community Court of Justice of the Economic Community of West African States, if found to have breached the sub-region’s Protocol of Free Movement of Peoples. Geoffrey Onyeama, Minister of Foreign Affairs, disclosed this on Monday when he met with officials of the League of Progressive Ambassadors of Nigeria, led by Jasper Emenike, its president. Emenike,…

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Ghana insists Nigerian traders must pay $1million fee

Ishaku Yohanna

The Ghanaian Ministry of Trades has rejected claims of unfair treatment by Nigerian traders in the country during the enforcement of the Ghana Investment Promotion Council regulations. It insisted that the traders must pay the required taxes and other fees imposed on them by the authorities. This is happening despite the intervention of the presidents of Ghana and Nigeria through the Economic Community of West African States. A Nigerian trader whose shop was forcefully locked up by the Ghanaian security officials had recorded a video of the incident in which…

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