Economy

Dangote Cement Chairman to Headline ICC Nigeria 2025 Dinner

Published

11 months ago

November 26, 2025

Q Tinny

Dangote Cement Chairman Emmanuel Ikazoboh to headline ICC Nigeria 2025 Annual Dinner, focusing on global trade, economic stability, and strategic dialogue

The Chairman of Dangote Cement Plc, Emmanuel Ikazoboh, will headline the International Chamber of Commerce Nigeria 2025 Annual Dinner and Dance on Friday, 28 November 2025, at the Metropolitan Club, Victoria Island, Lagos, the Chamber announced on Tuesday.

Also read: Dangote Cement launches Attingué plant in Ivory Coast

Olubunmi Osuntuyi, Secretary-General of ICC Nigeria, described Mr Ikazoboh as an accomplished corporate leader with extensive experience in global business and governance.

She said the Chamber is honoured to welcome him as the Special Guest of Honour and Guest Speaker for the evening.

Ikazoboh is expected to deliver a keynote address titled “Tackling Global Trade Frictions for Peace and Prosperity”, highlighting strategies for stabilising economies amid rising global tariff wars and trade tensions.

Dr Raymond Ihyembe, ICC Nigeria Chairman and Chief Host of the event, praised the choice of speaker and theme, noting that the dinner serves as a vital platform to promote economic stability and progress.

The event will bring together leaders from both the public and private sectors, captains of industry, diplomats, and members of the international business community for an evening of networking, celebration, and strategic dialogue.

Osuntuyi added that the Annual Dinner and Dance is one of ICC Nigeria’s flagship events, providing a forum to showcase the organisation’s role in trade facilitation, policy advocacy, and the promotion of global best practices.

The evening will also feature the unveiling of the ICC Framework for Responsible Environmental Marketing Communication and new guidance on the responsible use of artificial intelligence in advertising.

The International Chamber of Commerce Nigeria serves as the Nigerian National Committee of the ICC, the world’s largest and most influential business organisation, representing over 45 million companies in more than 170 countries.

Also read: Dangote Refinery Dismisses False Petrol Import Claim

ICC Nigeria connects local industries to international markets while upholding global standards and best practices.

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Economy

NRS Assures Taxpayers VAT Remains at 7.5% Amid Tax Reform Concerns

Published

1 day ago

October 27, 2026

Peculiar Adirika

NRS VAT rate remains 7.5%, the agency says, while addressing concerns over bank deductions, loans and the implementation of Nigeria’s tax reforms

The Nigeria Revenue Service (NRS) has assured taxpayers that Nigeria’s standard Value Added Tax (VAT) rate remains 7.5 per cent, while addressing concerns over the implementation of the country’s new tax reforms.

Also read: Wike Celebrates Fintiri at 59, Hails Him as Loyal Friend

The assurance was given by the Tax Administrator responsible for Kano, Jigawa and Katsina states, Samaila Abdullahi, during an NRS stakeholders’ engagement and tax reform sensitisation programme in Kano.

Abdullahi said concerns raised by individuals, traders, business owners and other stakeholders about the new tax laws were understandable, particularly questions relating to bank transactions, loans, family transfers, business income and the potential impact on small businesses.

He urged taxpayers to understand the reforms through the provisions of the law rather than rely on assumptions or misinformation.

According to him, the tax laws do not automatically authorise deductions from personal bank accounts.

He stressed that tax collection and recovery must follow the applicable legal provisions and procedures.

Abdullahi also clarified that money received as a loan should not automatically be classified as business income or profit, explaining that proper documentation is essential to establish the nature of a transaction.

“For instance, when a trader receives a loan of N500,000, the amount should not automatically be treated as N500,000 in sales or profit, provided the transaction is properly documented,” he said.

The NRS official’s comments were aimed at addressing public concerns about how the new tax framework would affect personal finances and business transactions.

He emphasised the importance of distinguishing between taxable business receipts and other funds, such as documented loans, when determining a taxpayer’s obligations.

The clarification comes amid heightened public interest in Nigeria’s tax reforms and questions about their implications for individuals, traders and small businesses.