Effective from 1st April 2017, the Standard Organization of Nigeria (SON) & Central Bank of Nigeria (CBN) have implemented a revised SONCAP Certification process for few product types categorized as “life endangering products”.
Ventures Africa magazine —
On Wednesday, 14th December 2017, the president of Nigeria, Muhammadu Buhari presented a 7.298 trillion naira 2017 budget proposal to the joint session of the National Assembly. This comes after so much delay and the budget, which is said to be the budget of recovery and growth, is 20.4 percent higher than the 2016 budget.
The outbreak of xenophobic violence in South Africa and the reprisal events in Nigeria, including direct attacks on foreign-owned businesses in both South Africa and Nigeria, poses a threat to Africa’s fragile economic recovery.
This is according to the South Africa-Nigeria Chamber of Commerce (SA-NCC), a body that represents South African and Nigerian companies doing business or exploring commercial opportunities in the two countries. Established in 2005, its 100-plus members include companies from both countries, including Nigerian companies based in South Africa.
By Foluso Phillips, President, Nigeria-South Africa Chamber of Commerce, Lagos
The current situation that is metamorphosing between Nigeria and South Africa is extremely disappointing and is a failure of leadership on both sides of the equator.
An inability of both countries to work together will be a great loss to Africa and even greater loss to the very people who are being naïve in their senseless and ignorant attacks on people who should be their neighbours in the community.
President Muhammadu Buhari —
My compatriots, it is one year today since our administration came into office. It has been a year of triumph, consolidation, pains and achievements.
By age, instinct and experience, my preference is to look forward, to prepare for the challenges that lie ahead and rededicate the administration to the task of fixing Nigeria. But I believe we can also learn from the obstacles we have overcome and the progress we made thus far, to help strengthen the plans that we have in place to put Nigeria back on the path of progress.
BUSINESS DAY —
PRESIDENT Jacob Zuma undertook a state visit to Nigeria last week – a country he knows very well. But the Nigeria that President Jacob Zuma encountered on his short state visit last week is a totally different country to the one that hosted him in the 1970s as an exiled African National Congress (ANC) operative.