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Angola Shows Interest in Improve Trading with Nigeria

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Angola Shows Interest in Improve Trading with Nigeria

By: Michael Mike

Angola has expressed interest in improving trading with Nigeria, assuring that it would continue to push for improvement of bilateral relations.

Amb. José Bamóquina Zau, Ambassador Extraordinary and Plenipotentiary of Angola to Nigeria, Benin, and Niger, said this at the 48th independence anniversary ceremony of the country on Friday night in Abuja.

He said the 48 years of independence of Angola represented the sacrifices made by Angolan people and the government’s determination to implement the main objective of the country.

Zau added that Angola and Nigeria are brother countries and giant crude oil producers in Africa and have been in a relationship that started since Angola’s liberation struggle began until its independence.

He said: “Angola and Nigeria faced challenges and their respective leaders remain committed to resolving most essential problems and strengthening bilateral cooperation are core plans of Presidents Joao Lourenco and Bola Tinubu.

“Since 2008, Angola-Nigeria Bilateral Joint Commission has awaited a roundtable with the officials of the two countries to work on socioeconomic, political, defense and internal security issues.

“The commission also awaits to consolidate the bilateral legal instruments needed, in view of the dynamic that is to be created between the two brotherly countries.

“The Angola-Nigeria economic balance still does not reflect the strategic dimension of the two giants.

“The African Free Trade Zone is coming, so it is in everyone’s interest to prioritise trade cooperation and reverse the current situation in the short and medium term.”

The envoy while acknowledging the partnership between Angola and Nigeria within the framework of Technical and Methodological Coordination of African Petroleum Producing Organization (APPO), which extended to the Organisation of the Petroleum Exporting Countries (OPEC), noted that the Gulf of Guinea Commission as one of the outcomes of the sub-regional organisation’s coordinated actions aimed at gaining momentum, amidst the current challenges in the area.

He said: “In this regard, the leaderships of the two countries have always taken the lead in fulfilling principles defended by the founding fathers of the OAU.

“It is where we highlight the intangibility of the borders of our colonial heritage, freedom for oppressed people, and freedom of religion, and above all raising the great challenge of lifting millions of Africans out of poverty.

“The UN organisation is another forum where leaders of the two countries expressed desire for an increasingly fair world with re-founding of multilateral institutions on a global scale.@

The Ambassador said that the Angola/Nigeria Chamber of Commerce and Industry was established in Luanda to ensure the needs of the business community in both countries are properly understood and supported.

The envoy stated that the embassy on Oct. 19 hosted its maiden Diplomatic Business Forum that brought together political and business stalwarts from Angola and Nigeria.

He noted that at the forum, were captains of industry such as the oil and gas sector, banking, agribusiness, aeronautics, and mining, among other areas of interest to both countries.

He revealed that it was the mutually coordinated actions of both countries that resulted in the establishment of the Angola-Nigeria Business Council (ANBC).

He described the event as a preparation for the proposed “Road Show Angola,” an exhibition fair designed to boost business opportunities in Angola.

He revealed that: “As part of the implementation of the African Continental Free Trade Area, structural reforms have been made in various sectors: Legislative, Migration, Banking and agriculture.

“We can highlight here the ease of the mobility of Nigerian business people and not only to Angola with the granting of entry visas at a very short time, contrary to the previous period.

“This is always in the context of human mobility on a global scale, a total of 98 countries in the world were exempted from entry visas to Angola with immediate effect.”

He however observed that: “This process of removing some barriers to movement of people is carried out gradually with the inclusion of more countries whenever technical and material conditions are created for such purpose.”

Angola Shows Interest in Improve Trading with Nigeria

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Police arrest three suspected kidnappers in Gombe

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Police arrest three suspected kidnappers in Gombe

By: Zagazola Makama

The Gombe State Police Command has arrested three suspected kidnappers following a tip-off from credible intelligence, sources said on Friday.

Police sources said the suspects were apprehended on March 10 at about 10:00 p.m. by operatives working in conjunction with local hunters.

The arrested suspects were identified as Mohammed Abubakar, 29; Mohammed Bello, 23; and Mohammadu Ali, 25, all residents of Galda Village, Fika Local Government Area of Yobe State.

According to the report, the suspects were planning to carry out a kidnapping in an unspecified location in Bauchi State. Upon interrogation, they allegedly confessed to the planned crime.

Police said investigations were ongoing to uncover further details and apprehend any other accomplices involved in the plot.

Police arrest three suspected kidnappers in Gombe

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Youths attack and kill two army officers while responding to dispute in Cross River

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Youths attack and kill two army officers while responding to dispute in Cross River

By: Zagazola Makama

Two army officers, including an intelligence officer, were reportedly killed during a violent clash between youths in a disputed crisis zone between Isabang and Alesi communities in Obubra Local Government Area of Cross River State.

Sources told Zagazola Makama that the incident followed a conflict on March 11 when Ibrahim Musa, a 25-year-old miner from Kusa, who deals in tin ore at Ekuri village, was allegedly beaten by youths at a village checkpoint and had his mined minerals seized.

The miner reportedly reported the attack to soldiers stationed at 245 Battalion, Edor Barracks, near Jenifer Etuh’s Hospital in Ochon. Troops responded by moving into the forest to arrest four youths allegedly involved in the attack.

Residents said other youths blocked the access road to prevent the arrest and attacked the soldiers. In response, they fired which resulted to the injuries of four persons, including Christopher Agara, 27, and Ogobi Egbe, 30, while two others were evacuated for native treatment.

The attack resulted in the deaths of two soldiers.

Additional troops have since deployed additional personnel to restore order in the area, and normalcy has reportedly returned.

Youths attack and kill two army officers while responding to dispute in Cross River

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New Tax Regime to Ease Burden on Workers, Small Businesses — Tegbe

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New Tax Regime to Ease Burden on Workers, Small Businesses — Tegbe

By: Michael Mike

Chairman of the National Tax Policy Implementation Committee (NTPIC), Joseph Tegbe, has said Nigeria’s new tax regime is structured to reduce the financial burden on workers and small businesses while strengthening the country’s fiscal stability and economic competitiveness.

Speaking at the BusinessDay Tax Reform Conference 2026 themed “Navigating the New Tax Regime: What It Means for Your Wallet,” Tegbe described the reforms as the most far-reaching restructuring of Nigeria’s tax system in decades. He noted that the initiative is aimed at simplifying tax processes, promoting fairness, and creating an environment that supports economic expansion.

According to him, the reforms are anchored on four major legislations — the Nigeria Tax Act, 2025, Nigeria Tax Administration Act, 2025, Nigeria Revenue Service (Establishment) Act, 2025 and the Joint Revenue Board of Nigeria (Establishment) Act, 2025 — which collectively introduce a more coordinated and transparent tax administration framework.

Tegbe explained that the new structure provides targeted reliefs for individuals and small enterprises, ensuring that low-income earners and emerging businesses are not overburdened by taxation.

Under the new regime, individuals earning below ₦800,000 annually will be exempted from personal income tax. Workers will also benefit from a rent relief allowance of up to 20 per cent, capped at ₦500,000, among other incentives designed to ease financial pressure on households.

Small businesses are equally positioned to gain from the reforms. Companies with annual revenues below ₦100 million and assets not exceeding ₦250 million will be exempted from Company Income Tax, while nano-enterprises with annual earnings below ₦12 million will not be required to pay income tax.

Despite these relief measures, Tegbe stressed that individuals and businesses within the exempted thresholds must still maintain proper documentation of their earnings and comply with the requirement to file tax returns.

He noted that beyond the tax reliefs, the reforms will also strengthen institutional coordination among key agencies including the Nigeria Revenue Service, the Joint Revenue Board of Nigeria, the Tax Appeal Tribunal and the Office of the Tax Ombud. He added that increased digitalisation of tax processes will improve transparency, efficiency and compliance across the system.

According to Tegbe, the broader objective of the reforms is to create a tax structure that supports enterprise development, encourages investment and enhances Nigeria’s ability to mobilise revenue for national development without placing excessive strain on citizens.

“The goal is to build a tax system that works for everyone — one that supports government in delivering development while also protecting the financial wellbeing of ordinary Nigerians,” he said.

Other dignitaries at the conference included Executive Secretary of the Joint Revenue Board of Nigeria, Olusegun Adesokan; Acting Executive Chairman of the FCT Internal Revenue Service, Michael Ango; renowned economist Uche Uwaleke; and policy expert Sam Amadi, among others, who also contributed to discussions on the implications of the new tax framework for businesses and households.

New Tax Regime to Ease Burden on Workers, Small Businesses — Tegbe

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