Markets Archives - Page 2 of 6 - Independent Digital News Network

Shettima to Lead FG Delegation to Kano After Singer Market Fire

Vice President Kashim Shettima will lead a Federal Government delegation to Kano following the devastating Singer Market fire Kano incident that reportedly destroyed goods worth billions of naira. President Bola Tinubu has ordered financial support for affected traders and a full investigation into recurring market fires in the state.

Soludo Says Sit-at-Home Suspension Is Driving Monday Trade Rebound in Onitsha

IDNN7 months ago7 months ago0

Anambra Governor Charles Soludo says the sit-at-home suspension trade rebound is becoming visible in Onitsha, with increased Monday market activity following recent security enforcement. He linked improved commercial turnout to restored public confidence, though no independent economic data has yet quantified the scale of recovery.

Onitsha Traders Reopen Market as Army Warns IPOB/ESN Remnants

IDNN7 months ago7 months ago0

Commercial activity has resumed at the Onitsha Main Market after years of disruption, as traders returned amid renewed security assurances from the Nigerian Army. The move follows sustained operations against violent groups in the South-East and marks a critical test of confidence in security efforts, economic recovery, and the state’s ability to restore normalcy in one of Nigeria’s largest trading hubs.

Onitsha Main Market Reopens as Soludo Defies Sit-at-Home Order

IDNN8 months ago8 months ago0

Onitsha Main Market reopened on Monday under heavy security as Anambra State Governor Chukwuma Soludo moved to enforce economic activity despite a sit-at-home order. The decision pits state authority against disruption fears, reopening debate about governance, security enforcement, and how long traders can absorb economic paralysis in Nigeria’s major commercial hubs.

Anambra, Traders Agree on Phased Remodelling of Onitsha Main Market to Ease Disruption

IDNN8 months ago8 months ago0

The Anambra State Government and traders at Onitsha Main Market have reached an agreement on a phased remodelling plan aimed at upgrading market infrastructure while minimising disruption to business activities. The approach follows weeks of negotiation and reflects the state’s effort to balance urban renewal goals with the economic realities faced by traders.

NAFDAC Explains Sachet Alcohol Ban, Clarifies Scope and Timeline

IDNN8 months ago8 months ago0

The National Agency for Food and Drug Administration and Control has clarified the rationale, scope and timeline of the sachet alcohol ban, amid widespread public confusion. The regulator stressed that the policy is driven by public health concerns and is being implemented in phases, with engagement ongoing to balance health priorities and economic realities.

NULGE FCT Joins JUAC, Begins Indefinite Strike

IDNN8 months ago8 months ago0

The Nigeria Union of Local Government Employees in the Federal Capital Territory has joined the Joint Union Action Committee in an indefinite strike, escalating labour unrest within the FCT. The unions say the action follows unresolved disputes over workers’ welfare, outstanding entitlements and compliance with agreements, raising concerns over service delivery across local government councils.

Soludo Shuts Onitsha Main Market Over IPOB Sit-at-Home Defiance

IDNN8 months ago8 months ago0

Anambra State Governor Chukwuma Soludo has ordered the closure of Onitsha Main Market following alleged defiance of the proscribed IPOB’s sit-at-home directive by traders. The state government says the decision is aimed at restoring order, enforcing the rule of law and preventing economic sabotage, amid rising security concerns and disruptions to commercial activity in the state.

Tax Reform Chaos: 48 Hours In, Nigeria Enforces a New Regime Amid Law, Trust and Legitimacy Crisis

IDNN9 months ago9 months ago0

Barely 48 hours into Nigeria’s new tax regime, controversy has shifted from policy to legitimacy. Allegations that the gazetted tax laws differ from what lawmakers passed have triggered confusion among businesses and citizens, even as President Bola Tinubu insists enforcement must continue. Critics warn Nigeria may already be collecting taxes under a law whose credibility is in dispute.

Nigeria Losing ₦20bn Daily to Port Collapse, Agbakoba Warns as Congestion and Inefficiency Deepen

IDNN10 months ago10 months ago0

Nigeria is losing over ₦20bn daily due to collapsing port infrastructure, inefficiency and severe congestion, maritime expert Olisa Agbakoba warns. He says delays, obsolete systems and logistical gridlock are crippling trade, driving costs up and weakening government revenue as importers and exporters struggle to move cargo efficiently.