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How Robbers Frustrate Petty Traders In PH

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Miss Mercy Attah,
a 19-year-old orphan relocated from Uyo, Akwa Ibom State capital to Obidianso Street in Mile II Diobu, Port Harcourt, to occupy a one-room rented apartment where her father, Mr Joseph Attah, lived and died few months ago. The poor orphan, in search of survival, decided to engage herself on petty trading.
She woke up as early as 5.00am and was heading towards one of the bakeries to buy some bread for sale later in the morning. But as she walked a few poles away from her residence, three fierce-looking young men surrounded her. Two of the youngmen  were wielding shot guns and the third, a matchette. As poor Mercy made to run away from the armed robbers, she was caught. She struggled with them wailing and shouting, hoping that help would come from the neighbourhood, but none came and the thieves dispossessed her of her handset and N3,500 with which she planned to pay for the bread.
According to her, “the robbers were not in a hurry as they merely strolled away from the scene and moved towards the adjacent street”.
“My greatest surprise was that nobody in the neighbourhood showed any concern or interest in coming to my rescue. This could not have happened in Uyo where I lived and schooled for years”, said the poor orphan.
Miss Attah’s case is even better compared to some other experiences narrated by one of the sympathizers who came out after an hour. “There was even a recent incidence in the same area” said an elderly woman who sells ‘Akamu’ within the neighbourhood.
“Two young girls were also going to buy bread. These bread hawkers were held up by the rascal thieves two weeks ago. The robbers did not only snatch their money, but they also raped them and left them with their torn dresses,” said the elderly woman who pleaded anonymity apparently for her safety.
This ugly drama has become rampant in the densely populated Diobu axis of Port Harcourt, the Rivers State capital.
Almost on daily basis, petty traders and ‘bush market’ women whose trades demand that they leave their homes early in the morning to enable they sell to their customers who need the bread for their families’ breakfast or the bush market women who must leave early to the hinterlands where they buy their stocks pass through this dangerous situations.
In the process of carrying out their petty trading business majority are dispossessed of their hard-earned money while the more unfortunate ones get raped by the street robbers who even inflict injuries on them.
The activities of these street robbers is fast scarring a lot of the traders.
“As a result of this, if you need to go to buy your bread or supply goods early morning to your customers in the Mile I or Mile III markets, you have to wait till say from six O’clock or much later, so also those who wake up early to go to the bush markets”, advised one of the petty traders.
This underscores the need for a return of the spirit of being one’s neighbours’ keeper. Men living in the streets can mobilize and come for the rescue of such victims especially when they hear them crying helplessly instead of feeling unconcerned.
The law enforcement agents, especially the police, could step up their patrol strategies especially early in the morning when such incidents normally take place.
Moreso, as the security agencies move to reduce the alleged high volume of arms in the wrong hands, it is recommendable that the law enforcement agencies could resort to house-to-house search especially in areas where these suspected youths reside, like Diobu.
A good number of the young boys and girls involved in petty trading may have got some level of education but owing to the high unemployment rate in the country, they have little or no option than to engage in petty trading for survival.
While the government initiate some empowerment programmes, petty trading should as well be encouraged since it is legitimate and one major way of encouraging them is by making the environment safe for their operations.
The consequence of not giving proper attention to the poor petty traders could mean forcing them into armed robbery, prostitution and other anti-social activities.
It is true that provision of employment opportunities for the youths could reduce armed robbery and its attendant consequences.  But experience has shown that while government cannot provide for all in the society, most of the youths that have chosen robbery are themselves not employable.
This dangerous trend demands more proactive measures from the law enforcement agents and the only way to succeed in this bid is to involve the people who live within and have good understanding of how the street robbers operate.
Flushing the street robbers would not only boost petty businesses but would make the environment more secured for the people especially as the nation prepares  for the forthcoming general elections where past experiences have shown that armed youths work against free and fair elections in the country.
Past experience has also shown that armed robbers hid their guns inside abandoned vehicles in the streets. Consequent upon this revelation, there is the need for the government to ensure that a lot of abandoned vehicles on the streets in Diobu be evacuated by their owners.

 
Chris Oluoh

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FIRS Clarifies New Tax Laws, Debunks Levy Misconceptions

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The Federal Inland Revenue Service has said that Nigeria’s newly enacted tax laws are designed to strengthen economic competitiveness, attract investments, and improve long-term fiscal stability.
The agency also clarified that the much-debated four per cent development levy on imported goods is not a new or additional tax burden, but a streamlined consolidation of several existing levies.
According a statement released Wednesday, one of the most misunderstood elements of the new tax framework is the four per cent development levy with the agency explaining that the levy replaces a range of fragmented charges — such as the Tertiary Education Tax, NITDA Levy, NASENI Levy and Police Trust Fund Levy — that businesses previously paid separately.
This consolidation, it said, reduces compliance costs, eliminates unpredictability and ends the era of multiple agency-driven levies. The law also exempts small businesses and non-resident companies, offering protection to firms most vulnerable to economic shocks.
Another major clarification relates to Free Trade Zones. Earlier commentary had suggested that the government was rolling back the incentives that have attracted export-oriented investors for decades. However, the reforms maintain the tax-exempt status of FTZ enterprises and introduce clearer guidelines to preserve the purpose of the zones.
“Under the new rules, FTZ companies can sell up to 25 per cent of their output into the domestic market without losing tax exemptions. A three-year transition period has also been provided to allow firms to adjust smoothly.
“Government officials say the reforms aim to curb abuses where companies used FTZ licences to evade domestic taxes while competing within the Nigerian market”, it said.
With the new measures, Nigeria aligns with global FTZ models in places like the UAE and Malaysia, where the zones function primarily as export hubs for logistics, manufacturing and technology.
The introduction of a 15 per cent minimum Effective Tax Rate for large multinational and domestic companies has also been met with public concern. But the FIRS notes that this policy aligns with a global tax agreement endorsed by over 140 countries under the OECD/G20 framework.
Without this adoption, Nigeria risked losing revenue to other countries through the “Top-Up Tax” mechanism, where the home country of a multinational collects the difference when a host country charges below 15 per cent. By localising the rule, Nigeria ensures that tax revenue from multinational operations remains within its borders.
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CBN Revises Cash Withdrawal Rules January 2026, Ends Special Authorisation

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The Central Bank of Nigeria (CBN) has revised its cash withdrawal rules, discontinuing the special authorisation previously permitting individuals to withdraw N5 million and corporates N10 million once monthly, with effect from January 2026.

In a circular released Tuesday, December 2, 2025, and signed by the Director, Financial Policy & Regulation Department, FIRS, Dr. Rita I. Sike, the apex bank explained that previous cash policies had been introduced over the years in response to evolving circumstances.

However, with time, the need has arisen to streamline these provisions to reflect present-day realities.

The statement said the new set of cash-related policies is designed to reduce the cost of cash management, strengthen security, and curb money laundering risks associated with the economy’s heavy reliance on physical currency.

“These policies, issued over the years in response to evolving circumstances in cash management, sought to reduce cash usage and encourage accelerated adoption of other payment options, particularly electronic payment channels.

“With the effluxion of time, the need has arisen to streamline the provisions of these policies to reflect present-day realities,”

“Effective January 1, 2026, individuals will be allowed to withdraw up to N500,000 weekly across all channels, while corporate entities will be limited to N5 million”, it said.

According to the statement, withdrawals above these thresholds would attract excess withdrawal fees of three percent for individuals and five percent for corporates, with the charges shared between the CBN and the financial institutions.

Daily withdrawals from Automated Teller Machines (ATMs) would be capped at N100,000 per customer, subject to a maximum of N500,000 weekly stating that these transactions would count toward the cumulative weekly withdrawal limit.
The special authorisation previously permitting individuals to withdraw N5 million and corporates N10 million once monthly has been discontinued.

The CBN also confirmed that all currency denominations may now be loaded in ATMs, while the over-the-counter encashment limit for third-party cheques remains at N100,000. Such withdrawals will also form part of the weekly withdrawal limit.

Deposit Money Banks are required to submit monthly reports on cash withdrawals above the specified limits, as well as on cash deposits, to the relevant supervisory departments.

They must also create separate accounts to warehouse processing charges collected on excess withdrawals.

Exemptions and superseding provisions
Revenue-generating accounts of federal, state, and local governments, along with accounts of microfinance banks and primary mortgage banks with commercial and non-interest banks, are exempted from the new withdrawal limits and excess withdrawal fees.

However, exemptions previously granted to embassies, diplomatic missions, and aid-donor agencies have been withdrawn.

The CBN clarified that the circular is without prejudice to the provisions of certain earlier directives but supersedes others, as detailed in its appendices.

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Shippers Council Vows Commitment To Security At Nigerian Ports

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The Nigerian Shippers Council (NSC)has restated its commitment towards ensuring security at Nigerian seaports.
Executive Secretary/Chief Executive Officer of the Council, Dr Pius Akuta, said this in Port Harcourt, while declaring open a one day workshop organized by the Nigerian Shippers Council in collaboration with the Nigerian police( Marin Division).
Theme for the workshop was ‘Facilitating Port Efficiency; The strategic Role of Maritime police “
Akuta who was represented by the Director, Regulatory Services, Nigerian Shippers Council, Mrs Margeret Ogbonnah, said the workshop was to seek areas of collaboration with security agencies at the Ports with a view to facilitating trade
Akuta said the theme of the workshop reflects the desire of the council and the Nigerian police to build capacity of police officers for better understanding and administration of their statutory roles in the Maritime environment.
He said Nigerian seaports has constantly been reputed as one of the Port with the longest cargo dwell in the world, adding,”This is so, because while it takes only six hours to clear a containerized cargo in Singapore Port, seven days in Lome Port, it takes an average of 21 days or more in Nigerian Ports” stressing that this situation which has affected the global perception index on Ease of Doing Business in Nigerian seaports must be addressed.
Akuta said NSC which is the economic regulator of the Ports has the responsibility of ensuring that efficiency is established in the Ports inorder to attract patronages.
“Pursuant to its regulatory mandate, the NSC has been collaborating with several agencies to ensure the facilitation of trade and ease of movement of cargo outside the Ports to avoid congestion”he said.
Also speaking the commissioner of police, Eastern Port Command, Port Harcourt, CP Tijani Fakai, said Maritime police has played some roles in facilitating Ports efficiency.
He listed some of the roles to include ensuring security and crime prevention at the Ports, checking of illegal fishing activities at the Ports, checking of human trafficking and drug smuggling and prevention of fire incident at the Ports.
Represented by ACP, Rufina Ukadike, the CP said police at the Ports have also helped in the decongestion and prevention of unauthorized Anchorage.
He commended the Nigerian Shippers Council for the workshop and assured of continuous collaboration.
Speaking on the dynamics of cargo handling, Deputy Controller of customs, Muhydeen Ayinla Ayoola, said the launching of electronic tracking system and dissolution of controller General Taskforce has helped to ensure efficiency at the Ports.
Ayoola who represented the custom Area Controller Port Harcourt 1 Area command, however raised concerned over rising national security threat , which according to him has affected efficiency at the Ports.
John Bibor
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