News
ECOWAS Revisits Implementation of Community Levy on All Imports into Region
ECOWAS Revisits Implementation of Community Levy on All Imports into Region
By: Michael Mike
Economic Community of West African States (ECOWAS) has revisited the implementation of community levy in the region as it tops the agenda at the ongoing 35th meeting of the Commission’s Committee on Administration and Finance.
The Commission had adopted a community levy of 0.5 percent on all imports into the region rather than the contribution from member states, but there are however challenges of implementation to the protocol adopted since 2014.
Members of the committee are drawn from 12 member states as three member states- Mali, Burkina Faso and Niger Republic had signified their intention to pull out of the 15 member regional bloc.
Members of the committee are in Abuja for the next five days to consider ongoing reform in the commission and the issue of community levy.
Another area the committee is expected to discuss, is the Commission’s organogram, which has been in use since 2018.
The expected organogram review will touch all ECOWAS institutions including the community court, community parliament and the commission.
The review is expected to take into consideration the recent reduction of numbers of committees from 15 to 7.
The members have a report of about 100 to 150 pages to consider during the five days.
At the end of the five days, members are expected to adopt the proposal and then pass it to the council of ministers for their perusal and adoption.
In her opening remarks, ECOWAS Commission’s Vice President, Damtien Tchintchibidja, pleaded with member states on the need to adhere to the community protocol, especially the protocol on Community levy.
She said: “I would like to make an urgent appeal to all member states so that they can comply as quickly as possible with the provisions of the protocol relating to community levy.”
She stressed that remittance of community levy will “ allow us to ensure the good functioning of institutions and the implementation of projects within the community.”
She also raised the impact the exit of the three countries, Mali, Burkina Faso and Niger Republic will have on the community levy
She said: “I would like to remind you that the meeting of this day is held in a challenging context, characterised by uncertainties on a regional and global level.
“The announced withdrawal of our three member states appeals to us all in more than one way.
“We therefore must put everything in place to safeguard our unity, our secular ties, our spirit of fraternity and solidarity, as a result of an inclusive development,” she emphasised.
Speaking on the importance of the meeting, Tchintchibidja explained, “This is a retreat that would also be a win-win for our institutions in terms of community levy. Regarding the community levy, I would like to remind you that it remains the main source of funds for ECOWAS programmes and activities.
The chairman of the CAF, Ambassador Emmanuel Awe emphasised the need for members of the committee to sustain efforts in implementing policies and programmes that enhance and promote integration.
Awe said: “We owe our community the obligation to handle our mandate objectively and dispassionately.
“And fulfilling the task assigned by this committee, I urge you to further sustain the efforts in implementing the policies, projects, and programmes that enhance and promote prudent management of the community resources, as well as advance our regional integration objectives in line with ECOWAS vision 2050.”
ECOWAS Revisits Implementation of Community Levy on All Imports into Region
News
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
By: Michael Mike
The Nigeria Movement of Solidarity with Cuba (NMSC) has expressed deep condolences to the government and people of Cuba following the killing of 32 Cuban internationalists in Venezuela.
In a press statement issued in Abuja on Saturday, the pro-people coalition, which includes labour unions, civil society organisations and intellectuals, alleged that the Cuban nationals were killed during an attack in Caracas on January 3, 2026, while protecting Venezuelan President Nicolás Maduro, his wife, Cilia Flores, and what it described as the sovereignty of Venezuela.
The group said the Cubans chose to resist despite being overwhelmed, describing their actions as a demonstration of courage, honour and commitment to international solidarity.
NMSC drew parallels between the incident and past historical events where Cuban nationals were involved in overseas struggles, including the 1983 U.S.-led invasion of Grenada and Cuba’s military support for African liberation movements in Angola, Namibia and South Africa during the fight against apartheid.
According to the organisation, thousands of Cuban youths lost their lives in Africa while contributing to the dismantling of apartheid systems backed by Western powers. The group noted that Cuba’s internationalism has not been limited to armed conflicts, citing the country’s long-standing medical outreach to developing nations, including Nigeria.
The statement also recalled Cuba’s response during the COVID-19 pandemic, when it dispatched medical teams to dozens of countries and received hundreds of stranded cruise ship passengers at a time many nations had closed their borders.
NMSC extended its sympathy to the families of those killed in Venezuela and called on the United States government to respect international law, halt what it described as foreign military interventions, and lift sanctions imposed on Cuba, Venezuela and other countries.
The group further aligned itself with repeated resolutions of the United Nations General Assembly calling for the end to the decades-long U.S. embargo against Cuba, insisting that global peace and development require cooperation rather than conflict.
The statement was signed by veteran labour activist and writer, Owei Lakemfa, on behalf of the Nigeria Movement of Solidarity with Cuba
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
News
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have congratulated the Board, Management, and staff of Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the Nigerian capital market crossing the N100 trillion market capitalisation mark.
The commendation was issued via a press statement on Friday, jointly signed by Mr Samuel Sehinde Adenagbe, Chairman, Association of Securities Dealing Houses of Nigeria and Mr Oluropo Dada, the 13th President/Chairman of Council Chartered Institute of Stockbrokers.
They described the NGX’s achievement as a remarkable milestone and a major affirmation of the resilience, depth, and growing sophistication of Nigeria’s capital market, and a clear signal of renewed investor confidence in the Nigerian economy.
“Crossing the N100 trillion threshold is not only a symbolic landmark; it reflects the capacity of Nigeria’s capital market to mobilise long-term funds for infrastructure, enterprise development, and economic transformation.
“It underscores the vital role of the market in financing growth, creating wealth for investors, and supporting national development objectives,” the said.
According to them, the achievement will not have been possible without the visionary leadership and strategic direction of the NGX Board, as well as the professionalism and dedication of its Management and staff, led by versatile stockbrokers: Dr. Umaru Kwairanga; Mr. Temi Popoola; and Mr. Jude Chiemeka and Mr. Femi Sobanjo.
“We also commend the unwavering commitment and versatility of dealing member firms and stockbrokers who continue to serve as the backbone of the market, ensuring liquidity, transparency, and investor protection.
“Their collective efforts have strengthened market integrity, broadened participation, and improved the overall efficiency of the Exchange.”
The CIS and ASHON also commend the Federal Government of Nigeria for providing a supportive macroeconomic and regulatory environment that has encouraged domestic and foreign investment, promoted market reforms, and enhanced the attractiveness of Nigerian assets.
They stated that policy stability, ongoing reforms, and a clear commitment to private sector-led growth have played a crucial role in creating the conditions for this historic market expansion.
They further commended SEC for providing sound regulations and market development.
They stated that the CIS and ASHON would continue to advocate ethical governance in the capital market with all stakeholder playing by the rules of the game.
They further restated their commitment to sustaining the momentum through robust regulation provided by Securities and Exchange Commission, market innovation, and strong investor protection frameworks.
“We look forward to working closely with all stakeholders to further deepen the market, broaden product offerings, and ensure that the Nigerian capital market continues to serve as a strong engine for inclusive and sustainable economic growth.”
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
News
Troops neutralise bandit, recover arms in Plateau raid
Troops neutralise bandit, recover arms in Plateau raid
By: Zagazola Makama
Troops of 3 Division of the Nigerian Army, under the Joint Task Force Operation Enduring Peace (JTF OPEP), have neutralised a notorious bandit and recovered arms and ammunition during a raid on a hideout in Plateau State.
Sources told Zagazola Makama that the operation was conducted on Jan. 8 at Yolan Gboka–Yama Da Lahdi, following sustained efforts to track and arrest perpetrators of the Dec. 16, 2025 attack on illegal miners at Tosho community in Fann District, Barkin Ladi Local Government Area.

According to the sources, troops made contact with the bandits during the raid and engaged them in a firefight.
“One of the bandits was neutralised during the exchange of fire and was later identified as Sadiq Isah, while others fled the area,” the sources said.
The sources added that troops subsequently exploited the hideout and recovered two AK-47 rifles and 162 rounds of 7.62mm (special) ammunition.
The recovered arms and ammunition are currently in military custody, while troops have commenced follow-up operations to intercept the fleeing suspects and prevent further criminal activities in the area.
Zagazola reports that Operation Enduring Peace is a joint security initiative aimed at restoring peace and stability across Plateau and neighbouring states.
Troops neutralise bandit, recover arms in Plateau raid
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