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When such a law disappears, so does the black market. Sin taxes – taxes levied on products deemed harmful such as alcohol and tobacco – may increase the black market supply. [ 60 ] One argument for legalizing marijuana is the elimination of the black market, and taxes from that economy becoming available for the government.
Drugs, weapons and human trafficking. That's probably what comes to mind when thinking about the black market -- but the illegal trade is more varied than you may think, and it also encompasses ...
In August 2005 the government put the NUL up for sale. The company now had no vessels, but owned a shipping license. [19] In July 2010 it was reported that the Nigerian Maritime Administration and Safety Agency, the successor to the NMA, had completed arrangements to establish a new national shipping line for Nigeria. [21]
Nigeria is the principal contributor to yam production, boasting an annual 17 million tonnes, constituting a substantial 70-76% share of the worldwide output. The majority of these tubers, amounting to approximately two million weekly, traverse through the Zaki Biam Yam Market, signifying a pivotal hub in the distribution network.
Canada on Monday halted operations at its embassy in Nigeria until further notice and issued a warning against nonessential travel to the west African nation, joining the United States and United ...
This was the second time Canada used a lodge venue for the G8 Summit, after its inaugural 7th G7 Summit at Montebello, Quebec in 1981. [11] So far, it is the only G8 Summit to be held in western Canada. The 2002 conference pumped some $300-million into the Kananaskis and Alberta economy; however, security cost taxpayers in excess of $200 ...
Nigerians began migrating to Canada during the 1967–1970 Nigerian Civil War. [2] Nigerians were not broken out separately in immigration statistics until 1973. 3,919 landed immigrants of Nigerian nationality arrived in Canada from 1973 to 1991. [3] There is a significant number of Nigerians living in the Greater Toronto Area. [4]
A grey market or dark market (sometimes confused with the similar term "parallel market") [1] [2] is the trade of a commodity through distribution channels that are not authorised by the original manufacturer or trademark proprietor.