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Ministry, NLC Tango Over Filling Stations Monitoring

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The Nigeria Labour Congress (NLC) in Rivers State, has set up a taskforce to identify the causes of the scarcity of petroleum products in the state, even as the state Ministry of Energy and Natural Resources has warned labour against the move.

The 10-man petroleum monitoring taskforce was to help put a stop to the apparent artificial scarcity said to be caused by filling stations managers and petroleum independent markets.

State Chairman of the NLC, Chief Chris Oruge, said that the taskforce was charged with the responsibility of among others, monitoring filling stations and arresting managers of those of them found to be hoarding the products.

The taskforce was also to close down such filling stations in partnership with other government agencies to ensure the availability of the products in the state.

Oruge said that members of the taskforce also had the power to close down filling stations selling fuel above the Federal Government’s approved pump price of N97.00.

The NLC chairman said  the organised labour has the power to protect the interest and welfare of the masses against unjust policies.

“Labour has the statutory power to protect Nigerians and we derive our power thereto from such statutory legislation by setting up taskforce in the interest of Nigerians”, he said.

However, the state Commissioner for Energy and Natural Resources, Hon Okey Amadi has threatened to arrest any taskforce member of the organised labour seen harassing filling stations owners in the state, saying that petroleum was on the exclusive list of the 1999 Constitution’s second scheduled and therefore outside the purview of  labour.

A source from the ministry who expressed the commissioner’s position shortly after the inauguration of the NLC taskforce said the NLC had no constitutional power to set up any petroleum taskforce to regulate the dealing of  petroleum products in the state.

The source queried, “can the state chairman of NLC provide the relevant sections of the constitution where the organised labour derived their power to set up petroleum taskforce?”.  According to him, “we are in a democratic setting, our behaviours and actions must be regulated by laws of the country”.

But the NLC while reacting to the comments credited to the commissioner said the setting up of the petroleum taskforce by labour had woken the commissioner from his slumber and inaction to his social contract responsibility with the people of the state.

In a statement, the NLC chairman said recently,  the Commissioner had done nothing to check the long queues occasioned by the shortage of petroleum products in the state, “it is only when labour took the bull by the horn to set up a taskforce with the intention to unravel the reason behind the artificial scarcity, that he now said NLC had no power to set up a taskforce”.

Oruge said, “it is not out of place for organised labour to set up a petroleum monitoring taskforce to check the ugly trend of artificial scarcity of fuel”.

Comrade Oruge stated that the NLC fought the Federal Government which brought down the pump price to N97.00  against the Federal Government initial N141.

According to him, labour has the right to ensure that there is no economic sabotage in all ramifications to engender hardship in the country.

Oruge said that it was not the first time labour was setting up a petroleum monitoring taskforce to monitor filling stations in the state, insisting that a precedent had been set over the years.

The NLC boss further stated that the commissioner had no right to challenge the statutory power of  labour to monitor the dealing in petroleum products, adding that the organised labour could not fold its arms to see the masses suffer.

Also speaking, the state Chairman, Trade Union Congress (TUC), Comrade Chika Onuegbu expressed the support of TUC over the NLC petroleum taskforce.

The TUC chairman expressed surprise and dissatisfaction over the threat of the commissioner to arrest the taskforce members.

Comrade Onuegbu said the organised labour was in doubt as to whether the commissioner has a better constitutional power than the NLC or TUC in this matter especially considering  that petroleum is on the exclusive list of the 1999 Constitution.

The TUC boss said that the ordinary people of Rivers State who are victims of the fuel crisis expect the NLC and TUC to ensure that they are not denied the benefits of the January 2012 general strike which gave rise to the regime of N97.00 pump price.

He further said, “the NLC and TUC have a moral duty to ensure the benefits get to the ordinary people by setting up a taskforce for that purpose”.

According to him, if the fuel crisis did not persist as it is now, there would be no need for any taskforce, stressing that the organised labour had observed that the concern of all Rivers people was how to end the fuel crisis.

He said the TUC welcomed all efforts by the various stakeholders to end the fuel crisis.

Meanwhile, a constitutional lawyer, Jab Awanen has cautioned the organised labour to always ensure that their actions were in conformity with the constitution.

He said, “NLC or TUC has no constitutional power on the issue of petroleum as it is an issue under the exclusive list of the constitution.

He said that the petroleum taskforce of the organised labour was an illegal taskforce, insisting that the state government through the commissioner  has the right to arrest members of the taskforce harassing filling stations dealing in petroleum products which is under the Federal Government. Others, however, said that despite the constitutional limitation of NLC, there was need for synergy between the state government and the organised labour to ensure constant availability of petroleum products in the state to cushion the hardship currently experienced by the people.

This synergy, they said would also put an end to the unscrupulous profiteering activities of petroleum independent marketers and their cohorts at the expense of the ordinary Nigerians.

 

Philip-Wuwu Okparaji

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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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