EBONYI ASSEMBLY PASSES LAW REGULATING SCRAP TRADE, HOUSE RENTS AND AGENCY FEES.(PHOTO).

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Ebonyi Assembly Passes Law Regulating Scrap Trade, House Rents and Agency Fees The Ebonyi State House of Assembly has passed a bill to regulate the sale and handling of metal and electrical scraps, standardise house rents and control estate agency fees across the state. The bill was passed during plenary at the House of Assembly Complex on Nkaliki Road, Abakaliki, under the leadership of Speaker Rt. Hon. Moses Ije Odunwa. It will be cited as the Ebonyi State Sale of Scraps, House Rent and Agent Fees Regulation Law, 2026, and takes effect from August 11, 2026. The legislation seeks to regulate the sale, possession, transportation and disposal of metal and electrical scraps, standardise rents, and curb excessive agency fees charged by both professionals and non-professionals. Under the new law, no person may buy, sell, possess for sale, transport or dispose of metal or electrical scraps except as a licensed dealer in accordance with regulations made under the Act. Offenders face imprison...
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NIGERIA, VIETNAM TARGET TEXTILE REVIVAL. (PHOTO)

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 NIGERIA, VIETNAM TARGET TEXTILE REVIVAL


Nigeria and Vietnam have agreed to deepen economic cooperation, with a focus on trade, investment, and the textile industry. 


This followed a meeting between the Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, and Vietnam's Deputy Foreign Minister, Le Anh Tuan, in Abuja.


A statement from the Ministry of Foreign Affairs says Vietnam called for the speedy conclusion of agreements on investment protection and the avoidance of double taxation to boost investor confidence.


Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, expressed Nigeria's readiness to partner with Vietnam on industrial cooperation and job creation through technology transfer and skills development.


Ambassador Enikanolaiye further noted that Vietnam has recorded global success in the textile and garment industry, offering valuable lessons for Nigeria's textile revival.


Both countries also agreed to hold their first Political Consultation session by 2027 in Vietnam and stressed that private sector participation would be key to achieving their shared economic goals.


In conclusion, the Minister pointed out that the partnership aligns with Nigeria's Strategic Autonomy policy, aimed at expanding trade and economic relations beyond traditional partners.

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