<< Back             Poser >> FG moves to clear Apapa, Tin Can Port corridors The Presidential Enabling Business Environment Council, PEBEC, has announced plans to commence a two-day clean-up and enforcement exercise along the Lagos port corridors as part of efforts to improve trade facilitation and enhance efficiency at the nation’s seaports. The operation, scheduled for May 14 and 15, 2026, will be carried out through PEBEC’s Ports and Customs Efficiency Committee, PCEC, and is aimed at restoring order within the Apapa and Tin Can port corridors, regarded as critical maritime and logistics hubs in the country. In a statement issued by the Director General of PEBEC, Princess Zahrah Mustapha Audu, the council said the exercise forms part of the Federal Government’s broader reforms targeted at creating a more transparent, efficient and investor-friendly business environment. According to the statement, the enforcement operation will address longstanding challenges affecting the port access roads, including persistent traffic congestion, illegal checkpoints, indiscriminate parking of trucks, environmental degradation and other unregulated activities that have continued to hinder cargo movement and raise the cost of doing business. PEBEC noted that the initiative is expected to improve traffic management and ease the movement of cargoes in and out of the ports, while reducing delays experienced by port users and businesses. The council also said the exercise would enhance environmental sanitation and public order within the corridors through the removal of illegal structures and operational obstructions. It further stated that the operation would strengthen collaboration among security and regulatory agencies operating within the port environment. Agencies expected to participate in the exercise include the Nigerian Ports Authority, Nigeria Customs Service, Nigeria Police Force, the Lagos State Government, port terminal operators, relevant unions and other security and regulatory bodies. Vanguard Business News	Nigeria’s economic recalibration good for business — Jumia CEO By Etop Ekanem  Chief Executive Officer of Jumia Group, Francis Dufay, has offered a perspective that placed Nigeria not at the margins of risk, but at the centre of reform, growth and stability. Speaking during a panel on emerging markets, at the Sohn Conference in New York, Dufay described the period between 2021 and 2024 as […] Dangote Refinery reduces petrol price to N1,250/litre Dangote Refinery has reduced the gantry price of petrol, to N1,250 per litre from N1,275 per litre, representing a two per cent decrease. Over 100 imported vegetable oil brands dominating local market despite ban — Ikoro ….Accuses Customs, NAFDAC, SON of enforcement failure By Cynthia Alo Despite the retention of vegetable oil on the Federal Government’s prohibition list under the 2026 fiscal policy measures, the National Chairman of the Vegetable/Edible Oil Producers Association of Nigeria (VEOPAN), Okey Ikoro, said the local market is still dominated by more than 100 imported oil brands, […] India turns to Nigeria, other African countries for Soybeans By Cynthia Alo, with Agency report India has turned to Nigeria and other African countries for soybean imports after soaring domestic prices forced Indian traders to cancel soymeal export contracts for the first time since 2021. According to a Reuters report, Indian traders cancelled about 25,000 metric tons of soymeal export contracts and secured about 80,000 […]  ITAS implementation will not introduce new taxes – GRA assures businesses  Mr Anthony Kwasi Sarpong The Commissioner-General of the Ghana Revenue Authority (GRA), has assured the business community that the introduction of the Integrated Tax Administration System (ITAS) will not lead to the imposition of new taxes. CBN unveils new FX guidelines, approves cash movement of $50,000 By Emma Ujah,  Abuja Bureau Chief The Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange Guidelines which provides that an individual can move cash of up to $50,000, but must be declared at the point of exit. The bank also retained the earlier provision for the movement or import of cash of up to […]