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ECOWAS Trade Group Arrives Rivers

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A trade delegation from the Economic Community of West African States {ECOWAS}has arrived Port ton  an enlightenment mission for private companies within the South-South zone on how to access business opportunities available within the ECOWAS sub-region.

Speaking during a courtesy call on the State Governor, who was represented by the Commissioner for Commerce and Industry, Prince Ogbonna Nwuke, on Monday, the leader of the delegation, Mr. Limane Barage, said the team was in the state to disseminate information to Niger Delta entrepreneurs on the existence of a system that allows firms within the sub-region to collaborate.

Mr. Barage, who is also the Principal Programme Officer of ECOWAS, said the regional body has developed a web-based system where companies are encouraged to get registered free of charge to enable them access prospective partners in terms of goods and services offered by other companies within the region.

The leader of delegation, explained that the system was developed over lOyears ago, but it has not gotten down to the people, hence the need to hold seminars in various business cities like Port Harcourt to assist propagate the concept for a better business relationship . According to him, “if you want any information on Cote d’voire, Guinea, Senegal etc, you don’t have to travel there, but to go to the website and you will have the idea of what business opportunities that exist in terms of exporting or importing from the country”.

He condemned a situation where West African people rush outside the region for business transactions when such opportunities exist just next door, stressing that the essence of the seminar is to highlight available options within the sub-region.

Responding on behalf of the Rivers State Governor, the Commissioner for Commerce and Industry, Prince Ogbonna Nwuke, thanked the ECOWAS business delegation for the choice of Port Harcourt as one of the centres for the sensitization workshop, noting that their present mission was one of the reasons why the founding fathers of the organization went to work to reduce the dependence on foreign powers.

Prince Nwuke, said the successes recorded by ECOWAS so far has justified the vision behind its establishment, pointing out that those driving the system needs special commendation for keeping the cooperation and collaboration hope of the body alive, because within the West African region there is increased cooperation.

He observed that there is a limit to what government can do in Jmanaging businesses, and had therefore encouraged the organized private sector by adopting Private Public Partnership {PPP}as a policy.

The Commerce and Industry Commissioner, said the ministry is in the forefront of promoting made in Nigeria goods to encourage local production, adding that it was in tandem with what ECOWAS is doing, and pledged the support of the State Government towards the success of their mission to the state.

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Withdrawal, Deposit Fees Changes From May 1, 2026 Still Stands – CBN … Declares 5 Banking Services Free

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The Central Bank of Nigeria (CBN) has said that the announced changes in fees attached to several everyday banking services, scheduled to take effect on May 1, 2026 has commenced.
The changes are contained in the apex bank’s revised Guide to Charges by Banks and Other Financial Institutions, which outlines consumer-focused reforms designed to improve transparency and reduce the burden of banking fees nationwide.
According to the document, which was signed by Dr. Rita Sike, the CBN’s Director of the Financial Policy and Regulation Department, the new changes affect account reactivation, ATM withdrawals on own bank networks, and virtual card issuance.
Following the changes made by  CBN, the five key banking services affected by the CBN’s update are in account reactivation and closure, under which banks are no longer allowed to charge customers for reactivating dormant accounts, while account closure also remains free.
The second change is that banks will now be required to provide monthly statement of account to their customers at no cost, and also ensure better access to financial information.
However, requests for printed statements outside the agreed standard format attract a maximum fee of N20 per page.
Thirdly, the CBN has introduced small inter-bank electronic transfers to promote digital payments and micro-transactions.
The implication is that, henceforth, transfers from N0 to N5,000 are free, transfers between N5,000 and N50,000 will attract a maximum fee of N10, while transfers above N50,000 are capped at N50.
The fourth change in the CBN update is in the use of own bank’s ATM (On-Us Transactions).
Here, withdrawals made from your bank’s ATM (on-us transactions) are free. Non-cash transactions, such as intra-bank transfers carried out at these ATMs, also attract no charges.
The fifth change is in virtual cards and PIN management in which banks are now required to issue virtual cards at no cost. In addition, PIN-related services, including PIN re-issuance and resets, are free for all customers.
The document further said the new charges guide, which aims to boost financial inclusion and reduce banking costs, updates the 2020 version to better align with current market realities, particularly the growing reliance on digital payments and mobile banking.
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Binani Air Commences Flight Operations May 10 in Nigeria

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Binani Air has announced the commencement of sales tickets on Monday, describing the development as a milestone that will improve the aviation sector and create jobs for the people in Nigeria, as head of its scheduled inaugural flight operations starts May 10, 2026,
In a statement issued by the head of corporate communications of the new airline, the move marks a significant milestone in the aviation sector.
She said this announces the transition from vision to operation as the airline moves closer to welcoming its first passengers on board.
Quoting the Chief Executive Officer of Binani Air, Aminatu Dahiru Chiroma, the Corporate communications officer said,”the commencement of ticket sales represents more than just access to flights. It reflects the airline’s readiness to deliver a new standard of air travel in Nigeria.
“Opening our ticket sales is a defining moment for us. It is the point at which our commitment becomes real for the travelling public. From this moment, we are not just preparing to fly—we are preparing to serve.
“Built on the principles of reliability, safety, and respect for passengers’ time, Binani Air enters the market with a clear focus on consistency and operational discipline.
“The airline is committed to delivering a travel experience that is both seamless and reassuring, particularly in a sector where trust remains critical.
“Passengers can expect a streamlined booking process, responsive customer engagement, and a service culture designed to prioritize comfort and professionalism from the very first interaction”.
Chiroma said as anticipation builds towards the inaugural flight, Binani Air invites travellers, corporate partners, and stakeholders to be part of this defining journey, one that seeks to reshape expectations and restore confidence in Nigerian aviation.
She said “bookings are available via the airline’s official website (www.binaniair.com) and authorised travel partners from 12 noon of 4th of May 2026.”
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DANGOTE Debunks Claims Of Rift With Tony

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The Dangote Group has dismissed as false and malicious publication alleging that its President, Aliko Dangote, distanced himself from fellow businessman Tony Elumelu.
In a statement issued by the company, the Group said it never made such claims and described the report as baseless and a deliberate misrepresentation of facts.
The statement was signed by the Group Chief Branding and Communications Officer of Dangote Industries Limited Anthony Chiejina.
The company also refuted assertions that the development of the Dangote Petroleum Refinery & Petrochemicals was financed through personal borrowing from friends.
It maintained that such claims are entirely inaccurate, stressing that Dangote does not fund projects through informal personal lending arrangements.
Addressing speculation about a fallout between Dangote and Elumelu, the Group clarified that both men maintain a longstanding and cordial relationship.
The statement further expressed concern over what it described as a growing trend of fabricated statements and the unauthorised use of Dangote’s name, image, and likeness in AI-generated advertisements and misleading content, warning that such actions could amount to fraud and reputational damage.
The company warned individuals and platforms involved in spreading false information to desist immediately, noting that it would take appropriate legal action where necessary.
The Dangote Group reiterated its commitment to maintaining high standards of integrity while continuing to promote industrialisation, economic self-sufficiency, and sustainable development across Africa.
Nkpemenyie Mcdominic, Lagos
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