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Ifeanyi Onuba, Abuja The Nigerian Customs Service on Wednesday announced the suspension of the implementation of the payment of import duty on old vehicles. The move is in compliance to an earlier directive by the Senate that the policy which had generated controversies be suspended. A statement by the Acting ...

The Kenyan government said on Wednesday that it would outlaw the manufacture and import of plastic bags from August for damaging the environment. Environment and Natural Resources Cabinet Secretary Judi Wakhungu said in a gazette notice that all plastic bags used for commercial and household packaging will be banned from ...

Economic experts have said that the drop in inflation figure from 18.72 in January to 17.78 percent in February was a signal that the country’s economy would overcome recession soon. The experts said on Wednesday in Abuja that the 0.94 percent inflation decline was an indication that recession could end before ...

…Approves draft bill for C‎DC   The Federal Executive Council (FEC) on Wednesday approved the establishment of the Nigeria Industrial Policy and Competitiveness Advisory Council towards boosting industrialization in the country. This was disclosed by the Minister of Industry, Trade and Investment, Okechukwu Enelamah, while briefing State House correspondents at the end ...

The Senate has compelled the Comptroller General of the Nigeria Customs Service, Col. Hameed Ali (rtd) to appear before the upper legislative body Thursday. This is coming just as the Customs boss stated in a letter he wrote to the President of the Senate, Dr. Bukola Saraki, that the controversial ...

First it was Japan’s steel makers, now it’s the nation’s power producers that are set to pay for China’s coal policies. Japanese utilities may pay at least 29 percent more for annual supplies this year after China’s efforts in 2016 to trim overcapacity led to a more than doubling of ...

China’s Anbang Insurance Group said it is not investing in a flagship Manhattan office tower owned by the family of Jared Kushner, U.S. President Donald Trump’s son-in-law and senior adviser. Anbang was named in a Bloomberg report on Monday as a possible investor in a $4 billion deal to buy ...

With rider numbers plunging 30 percent over the last decade, Tokyo taxi operators are hopeful that a lower base fare established in late January will attract foreign visitors and shore up the industry. But some drivers see pitfalls in the new system, and critics note that longer rides will actually ...

GE Hitachi Nuclear Energy and Advanced Reactor Concepts LLC said that they have agreed to collaborate in the development of an advanced small modular reactor. GE Hitachi and ARC Nuclear hope that a small reactor that can be built at lower costs will meet replacement demand for aging reactors, they ...

The operator of Disney theme parks in Japan and its labor union said Wednesday they have agreed that about 20,000 nonregular workers can join the union in a joint effort to improve working conditions and secure manpower. Show performers, attraction facility staff and part-time workers at Tokyo Disneyland will become ...