Economy
FG Harmonising Laws To Boost Cross-Border Trade: Shettima
FG Harmonising Laws To Boost Cross-Border Trade: Shettima
FG harmonising laws to boost cross-border trade: Shettima. Mr Shettima stated that the Tinubu administration was determined to lead in shaping Africa’s digital trade landscape.
Vice-President Kashim Shettima has said that Nigeria is harmonising its laws to make cross-border commerce more seamless, secure, and scalable.
Mr Shettima said this on Monday while inaugurating the oversight committee for the Fourth African Union (AU) Micro, Small, and Medium Enterprises (MSME) Forum, in Abuja.
President Bola Tinubu recently approved the committee to organise the AU MSME Forum, which is scheduled to take place in Abuja from June 23 to 27.
Mr Shettima stated that the Tinubu administration was determined to lead in shaping Africa’s digital trade landscape.
“We have reformed. We have invested. And we are resolved to see this transformation through.
“This forum is indispensable. It provides the blueprint, the platform, and the partnerships that will empower African MSMEs to become the heartbeat of our economic renewal,” he said.
The vice president emphasised that the administration had taken bold steps to build digital infrastructure to connect MSMEs across Africa.
He noted that more than 83 per cent of employment in Africa lied within the informal sector, and the continent was rich in ideas and digital innovation, providing a unique opportunity to compete globally.
He highlighted Nigeria’s leadership in the African Continental Free Trade Area (AfCFTA) Negotiating Forum and alignment of national policies on investment, digital trade, and competition.
He also mentioned the creation of a technology export and digital trade desk to support Nigerian entrepreneurs in exporting digital goods and services.
Deputy chief of staff to the president and chair of the organising committee, Ibrahim Hadeija, said the forum would facilitate knowledge exchange and collaboration on MSME development across Africa.
Minister of Information and national orientation, Mohammed Idris, noted that Nigeria hosting the event reflected growing international confidence in the country.
Shettima
John Enoh, minister of state for industry and committee member, lauded the administration for prioritising MSME growth, acknowledging their vital role in gross domestic product (GDP) and national development.
He assured that all necessary steps would be taken to ensure a successful event.
Special adviser to the president on job creation and MSME, Temitola Adekunle-Johnson, who serves as committee secretary, pledged to deliver a world-class forum that reflected the Tinubu administration’s commitment.
He confirmed that preparations were on track for the opening ceremony on June 23.
NNPC Ltd Strengthen Strategic Partnerships At CERAWeek 2026
NNPC Limited continues to strengthen strategic partnerships at CERAWeek 2026, with high-level engagements focused on advancing Nigeria’s upstream growth and investment outlook.
Speaking after a meeting with senior executives from Chevron Corporation, the Group Chief Executive Officer, NNPC Ltd., Engr. Bashir Bayo Ojulari, stated: “Our discussions focused on strengthening our long-standing partnership and aligning our strategic priorities to drive production growth, deepen gas development, and expand opportunities in the deepwater sector.”
NNPC
Noting that NNPC Limited is leveraging the enabling investment climate to advance new, high-impact projects and expand its portfolio, the GCEO said the Company is committed to working with partners to ensure Nigeria’s energy sector remains competitive, resilient, and globally relevant.
CBN Acknowledges High Court Ruling Over Dissolution Of Union Bank Board
Union Bank board. The court ruled that the CBN acted beyond its legal powers and, therefore, overturned that decision.
(CBN), on Thursday, acknowledged the judgement of a Federal High Court, Lagos Division, over its regulatory action on the Union Bank of Nigeria Plc (UBN) in January 2024.
This is contained in a statement by its acting director, Corporate Communications Department, Hakama Sidi-Ali, made available to journalists in Abuja.
Ms Sidi-Ali said that the apex bank was currently obtaining the Certified True Copy of the judgement and would review it carefully. She reaffirmed the CBN’s unwavering commitment to the rule of law.
“As the apex regulatory authority, the CBN remains committed to acting in accordance with its mandate and established legal processes.
“The CBN assures the public that UBN’s status is unchanged and that it remains fully capable of meeting its obligations to customers, depositors, and all stakeholders.
“The CBN will continue to provide the necessary regulatory oversight to ensure that the Union Bank operates in a safe, sound, and stable manner, while maintaining public confidence in the financial system,” she said.
CBN
The court ruling of Wednesday relates to an earlier action taken by the CBN in January 2024, which dissolved UBN’s board and management.
The court ruled that the CBN acted beyond its legal powers and therefore overturned that decision.
Kano Governor Yusuf Sacks Commerce Commissioner
Kano Governor Yusuf sacks commerce commissioner. Mr Yusuf expressed appreciation for the services rendered by the former commissioner.
Governor Abba Yusuf of Kano State has sacked Shehu Sagagi, commissioner for investment, commerce and industry, with immediate effect.
This is contained in a statement issued on Thursday in Kano by the governor’s spokesperson, Sunusi Dawakin-Tofa.
He said that Mr Sagagi has been directed to hand over the affairs of the ministry to the director of commerce pending further directives.
Mr Yusuf expressed appreciation for the services rendered by the former commissioner during his tenure in office.
He acknowledged Mr Sagagi’s contributions to the development of the state, particularly in politics, religion, and the growth of small and medium-sized enterprises.
Abba Yusuf
The governor wished him success in his future endeavours and reassured the public that his administration remains committed to efficient service delivery and to the ongoing strategic realignment of government structures for sustainable development in Kano State.
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