Business
Traders Grievous, Protest Market Closure in Anambra State
Tension gripped Onitsha, the commercial hub of Anambra State, yesterday, following the continued closure of the Onitsha Main Market and its adjoining markets, as traders protested the enforcement of Governor Chukwuma Soludo’s directive, ordering markets to operate on Mondays.
Heavy security presence, comprising soldiers, police officers and operatives of Operation Udo-Ga-Achi (Agunechemba), took over all entry and exit points to the Onitsha Main Market as early as 6:30 a.m., effectively preventing traders from accessing their shops.
The closure affected several adjoining markets, including Marine Market, Biafra Market, Kano Street Market, Sokoto Road Market, William Street Market and Bida Road Market, all of which depend on the Main Market for daily commercial activities.
The market shutdown is part of Governor Soludo’s enforcement measures against the continued observance of Monday sit-at-home in the South-East, which the state government has described as economic sabotage.
However, the move triggered anger among traders who attempted to defy the order and force their way into the market but were stopped by armed security personnel and ordered to vacate the area.
During visits by journalists, groups of traders were seen chanting protest songs, pleading with the governor to lift the ban, while others loitered around the market environment, hoping for a last-minute reversal. After several hours, many traders dispersed and returned home when it became clear that the order would not be lifted.
Some traders accused the governor of acting high-handedly, alleging that the same level of security deployed to enforce the market closure had never been provided to protect traders from attacks by criminal elements enforcing sit-at-home orders in previous years.
A trader, Tobechukwu Ezeh, described the market closure as “executive rascality and recklessness,” alleging that traders and market leaders had suffered kidnappings and killings in 2024 and 2025 for attempting to resume Monday trading without adequate government protection.
According to him, a market leader at the Old Motor Spare Parts Market, Obosi, popularly known as Ngbuka Obosi Market, was abducted last year and has yet to be found, without any meaningful intervention from the state government.
“Security men we are seeing today were never here when traders were being attacked. Now they are everywhere to stop us from entering our markets. If this level of security had been provided on Mondays, we would not be here today,” Ezeh said.
Another trader, a 70-year-old man who identified himself as Eugen, blamed the decline in traders’ influence on successive state administrations, accusing them of imposing market leadership structures that weakened traders’ collective bargaining power.
He lamented that traders lost their voice after the administration of former Governor Chinweoke Mbadinuju, alleging that government interference and internal divisions among traders’ associations made them vulnerable to exploitation and policy imposition.
Meanwhile, the Igbo Community Association, Abuja, has called on Governor Soludo to urgently reopen the Onitsha Main Market to prevent the escalation of protests and a possible breakdown of law and order.
In a statement jointly signed by its President General, Engr. Ikenna Ellis-Ezenekwe, and Secretary General, Mazi Emmanuel Onah, the association expressed concern that protests by traders were already spreading and could spiral into violence if the markets remained closed.
The group warned that continued closure could lead to injuries, loss of lives and destruction of property, stressing the need to respect democratic principles and citizens’ rights to peaceful protest.
“We urge the governor to listen to the voices of the people and work towards a peaceful resolution. The markets are a vital part of the community’s economic and social fabric, and their closure has caused hardship to traders and consumers alike,” the statement said.
While calling for the immediate reopening of the markets, the association also commended Governor Soludo for his efforts to tackle economic sabotage and acknowledged his achievements in infrastructure development and policy implementation across the state.
“We recognise the governor’s commitment to economic development and his notable strides in governance.”
However, the voice of the people must be heard and respected. We want dialogue and harmonious engagement, not brute force,” the group added.
As of press time, security remained tight around the Onitsha markets, with traders staying away amid fears of further confrontation, while calls for dialogue and de-escalation continued to mount.
Business
Sachet Alcohol Ban Suspended, Orders NAFDAC to Stop Enforcement Activities
The Federal Government has ordered the National Agency for Food and Drug Administration and Control, NAFDAC, to immediately halt all enforcement actions regarding the ban on sachet alcohol and 200ml PET bottle products.
The offices of the Secretary to the Government of the Federation, OSGF, and National Security Adviser, ONSA, in a joint intervention, cited grave concerns over economic stability and potential security threats as reasons for the directive.
The statement warned that continued enforcement, in the absence of a fully implemented National Alcohol Policy, could “destabilize communities, worsen unemployment, and trigger avoidable security challenges”.
According to the statement signed by Terrence Kuanum, Special Adviser on Public Affairs to the SGF, the government clarified that while the National Alcohol Policy has been signed by the Federal Ministry of Health under the direction of President Bola Tinubu, NAFDAC must refrain from sealing factories or warehouses until the policy is fully operationalized.
The statement emphasized that the current “de facto banning” of the products without a harmonized framework is creating significant disruptions.
“The continued sealing of warehouses and de facto banning of sachet alcohol products is already creating economic disruptions and poses a growing security threat, particularly given the impact on employment, supply chains, and informal distribution networks across the country,” the statement warned.
The statement further revealed that the decision was influenced by a correspondence from the House of Representatives Committee on Food and Drugs Administration and Control, dated November 13, 2025.
The letter, signed by Deputy Chairman Uchenna Harris Okonkwo, highlighted existing National Assembly resolutions that cautioned against the proposed ban.
Reaffirming a previous suspension issued in December 2025, the statement stated the need to review legislative, public health and economic factors before a final decision is reached.
“Accordingly, all actions, decisions, or enforcement measures relating to the ongoing ban on sachet alcohol are to be suspended pending the final consultations and implementation of the National Alcohol Policy and the issuance of a final directive,” the statement emphasized.
Breaking News
Naira Appreciate Against US Dollar in Continuum
The naira continued appreciation against the United States dollar at the official foreign exchange on Tuesday.
Central Bank of Nigeria data showed that the Naira further firmed up to N 1,351.02 against the dollar on Tuesday, up from N 1,354.26 traded the previous day.
This means that on a day-to-day basis the Naira gained N3.24 against the dollar.
Similarly, at the black market, the Naira appreciated by N5 to N1450 per dollar, up from N1455.
The development comes as the apex in a notice signed by its director of the trade and exchange department, directing banks to sell a maximum of $150,000 per week to licensed Bureau De Change operators.
DAILY POST reports that the country’s external reserves remained high at $47.03 billion as of 6th February 2026.
-
Breaking News4 months agoBreaking News: Nigerian Air Force Reportedly Kills 750 Terrorists in Borno State
-
Breaking News4 months agoTerrorists Want ₦2m ‘levy’ in Katsina Community Despite Peaceful Agreement
-
Breaking News5 months agoEx-EFCC Exhibit Keeper Kaduna Zonal Directorate, Allegedly Steals ₦22m
-
Breaking News6 months agoNiger Delta Group hails Tinubu, NUPRC for ₦373bn host community fund and 536 life-changing projects
-
Breaking News5 months agoBreaking: Robbery Suspects Caught After Leaving Phone At The Scene
-
Breaking News3 months agoNasarawa Insecurity: Suspects Apprehended, Man Hunt Ongoing – Gov Sule
-
Breaking News6 months agoUCL: Osimhen Statement after Galatasaray’s 3-1 Win over Bodo/Glimt
-
Breaking News5 months agoBreaking News: Soldiers Linked To Boko Haram Reportedly Escape In Borno Jail Break
