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Friday, 27 February 2026

City Business News

Nigeria Business News

Feb
2026 27 Mikano Motors, Autochek Africa Seal New Vehicle Financing Deal

Feb
2026 27 Court Jails Orient Petroleum MD, Two Others 14 Years For N25b Fraud

Feb
2026 27 Dangote Cement Photo News

Feb
2026 27 Alleged N8.7b Money Laundering: Court Sends Malami, Wife, Son Back To Prison

Feb
2026 27 Shippers’ Council, Navy Strengthen Maritime Collaboration

Aviation

NCAA RE-CERTIFIES EASTWIND AVIATION

Auto

Mikano Motors, Autochek Africa Seal New Vehicle Financing Deal

Metro

Court Jails Orient Petroleum MD, Two Others 14 Years For N25b Fraud

Sports

NDDC To Sustain Niger Delta Games, Seeks States’ Support

Mikano Motors, Autochek Africa Seal New Vehicle Financing...

By Moses Ebosele, ebosele@hotmail.com Mikano Motors, on Friday, in Lagos, sealed a strategic auto financing deal with Autochek Africa, Nigeria’s leading digital automotive...

Court Jails Orient Petroleum MD, Two Others 14...

Justice O. M. Anyachebelu of the Anambra State High Court sitting in Awka has convicted and sentenced Engineer Nnaemeka Nwawka, managing director, Orient...

Dangote Cement Photo News

L-R: Group Managing Director/CEO, Dangote Cement Plc, Arvind Pathak; Vice President, Dangote Industries Limited, Olakunle Alake; Chairman, Dangote Cement Plc, Emmanuel Ikazoboh; President/CE,...

February 27, 2026 No Responses

Mikano Motors, Autochek Africa Seal New Vehicle Financing Deal

By Moses Ebosele, ebosele@hotmail.com Mikano Motors, on Friday, in Lagos, sealed a strategic auto financing deal with Autochek Africa, Nigeria’s leading digital automotive and financing platform.City Business News repo...

February 27, 2026 No Responses

Court Jails Orient Petroleum MD, Two Others 14 Years For...

Justice O. M. Anyachebelu of the Anambra State High Court sitting in Awka has convicted and sentenced Engineer Nnaemeka Nwawka, managing director, Orient Petroleum Resources Plc, Jude Anniekwe Cyril and Sage Nebefeife Fo...

February 27, 2026 No Responses

Alleged N8.7b Money Laundering: Court Sends Malami, Wife, Son Back...

Justice Joyce Abdulmalik of the Federal High Court, Maitama, Abuja, on Friday, February 27, 2026, ordered the remand of the former Attorney General of the Federation, AGF, and Minister of Justice, Abubakar Malami, SAN, a...

February 27, 2026 No Responses

Shippers’ Council, Navy Strengthen Maritime Collaboration

The Executive Secretary/Chief Executive Officer of the Nigerian Shippers’ Council, Dr. Akutah Pius has reaffirmed the critical role of maritime security in driving port efficiency, trade facilitation, and the growt...

February 26, 2026 No Responses

Nigeria Extends Ban On Raw Shea Nut Export

The Nigerian Government has approved the extension of the ban on the export of raw shea nuts for another year, from February 26, 2026, to February 25, 2027, reinforcing push for industrial growth and value addition.By su...

February 27, 2026 No Responses

Lafarge Africa Attains ₦1.1trillion Revenue Milestone

Lafarge Africa Plc, provider of innovative and sustainable building solutions and manufacturer of premium cement brands, has announced a revenue milestone of N1.1 trillion in 2025, representing a 53 per cent surge from N...

February 27, 2026 No Responses

Profit-Taking Drags NGX Down By N515b

The Nigerian stock market sustained skidding profile on Thursday, declining by 0.41 per cent and wiping out N515 billion in investors’ wealth.Sustained profit-taking in consumer goods, banking and insurance stocks weig...

February 27, 2026 No Responses

Seplat Energy Posts 144% Revenue Growth, Raises Dividend by 52%...

Seplat Energy Plc, listed on both the Nigerian Exchange and the London Stock Exchange, has announced its audited results for the year ended 31 December 2025, reporting strong operational and financial performance driven ...

February 26, 2026 No Responses

NGX Sheds N74b As Sell Pressure Weighs On Major Stocks

The Nigerian equities market remained in negative territory on Wednesday, as investors lost N74 billion amid sustained sell pressure across major stocks on the Nigerian Exchange Limited (NGX).The downturn was largely dri...

February 23, 2026 No Responses

SEC To Deepen Liquidity As Market Capitalisation Soars 125% To...

Nigeria’s capital market has recorded a remarkable 125 per cent growth in market capitalisation since April 2024, rising from about N55 trillion to over N123.93 trillion, the Director-General of the Securities and Exch...

February 27, 2026 No Responses

Shippers’ Council, Navy Strengthen Maritime Collaboration

February 26, 2026 No Responses

Shippers’ Council Seeks Stronger Use Of BICs To Drive Cross-Border...

The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Dr. Akutah Pius, has stated that the effective utilisation of Border Information Centres (BICs) will significantly enhanc...

February 25, 2026 No Responses

SAYDI Honours NIWA Lagos Area Manager, Sarat Braimah With Nelson...

The Stay Africa Youth Development Initiative (SAYDI) has conferred the prestigious Nelson Mandela Pan African Leadership Award on Engineer Sarat Braimah, Lagos Area Manager of the National Inland Waterways Authority (NIW...

February 23, 2026 No Responses

Shippers’ Council Donates Dental Equipment To Apapa General Hospital

The Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to corporate social responsibility and community development with a significant donation to General Hospital Apapa in Lagos.As part of efforts to foste...

February 20, 2026 No Responses

NIMASA, Air Force Strengthen Air–Maritime Synergy To Boost Deep Blue...

The Director-General and Chief Executive Officer of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, on Friday, February 20, 2026, paid a strategic courtesy visit to the Chief of the A...

February 27, 2026 No Responses

Mikano Motors, Autochek Africa Seal New Vehicle Financing Deal

February 25, 2026 No Responses

Jetour G700 Joins Premium SUV Segment In Nigeria

By ebosele@hotmail.com — The all-new Jetour G700 has officially joined the premium Sports Utility Vehicle (SUV) segment in Nigeria with a bold mix of brute strength, cutting-edge hybrid technology and first-class l...

February 24, 2026 No Responses

New Toyota SUVs Take Centre Stage As Lafarge Africa Honours...

Luxury and performance met loyalty and excellence as Lafarge Africa Plc rolled out brand-new Toyota vehicles as star prizes at its 2025 Customer and Transporter Awards, celebrating outstanding partners across the country...

February 20, 2026 No Responses

NADDC, Stakeholders Brainstorm On Import Deletion Programme for Motorcycle, Tricycle...

The National Automotive Design and Development Council (NADDC) on Thursday in Lagos convened a stakeholders’ sensitization meeting on the implementation of the Import Deletion Programme for motorcycle and tricycle comp...

February 20, 2026 No Responses

Carloha Unveils Chery Himla Pickup In Nigeria, Offers 6-Year Warranty

Carloha Nigeria, the authorised dealer of Chery vehicles in Nigeria, on Thursday in Lagos officially unveiled the all-new Chery Himla pickup truck, marking the brand’s strategic entry into Nigeria’s highly competitiv...

February 27, 2026 No Responses

Seplat Energy Posts 144% Revenue Growth, Raises Dividend by 52%...

February 25, 2026 No Responses

South-South Govs Back Tinubu’s Executive Order On Oil Revenue Remittance

The South-South Governors Forum (SSGF) has described President Bola Tinubu’s Executive Order mandating the direct remittance of all oil and gas revenues to the Federation Account as a historic and landmark decision.The...

February 24, 2026 No Responses

NCDMB Hosts Midstream Stakeholders’ Workshop To Deepen Nigerian Content Compliance

The Midstream Division of the Monitoring and Evaluation Directorate at the Nigerian Content Development and Monitoring Board (NCDMB) on Monday convened a one-day Midstream Stakeholders Sensitization Workshop in Port Harc...

February 17, 2026 No Responses

NDDC Flags Off CNG Conversion Training For 400 Youths

The Niger Delta Development Commission, NDDC, has flagged off a six-week training programme for 400 Niger Delta youths on the Compressed Natural Gas, CNG, Autogas Conversion.Speaking at the flag-off ceremony at the Dakka...

February 17, 2026 No Responses

Dangote Seals $400m Equipment Deal For Refinery Expansion

Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., one of China’s leading manufacturers of construction machinery, in a move set to accelerate the expan...

February 27, 2026 No Responses

Dangote Cement Photo News

L-R: Group Managing Director/CEO, Dangote Cement Plc, Arvind Pathak; Vice President, Dangote Industries Limited, Olakunle Alake; Chairman, Dangote Cement Plc, Emmanuel Ikazoboh; President/CE, Dangote Industries Limited, ...

February 8, 2026 No Responses

Photo News

L-R: A representative of C&C Trucks Mr Jin Haibo, After-Sales Manager of Versat Automobile, Ifeanyi Igbokwe, Customer, Frank Ofodile, Non Executive Director, Versat Automobile, Alhaji Francis Ogboro, Executive Direct...

February 2, 2026 No Responses

Photo News

The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, (second from right) on Monday in Lagos joined the Lagos State Governor, Babajide Sanwoolu, (Third from right) to discuss infrastructure and lo...

January 30, 2026 No Responses

Photo News

The Governor of Lagos State, Babajide Sanwo-Olu (right), received the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, during a courtesy visit in Lagos.The meeting focused on fostering a he...

January 28, 2026 No Responses

Photo News

Andy Yuan, Vice President (Africa), Jetour International, with Kemi Koyejo (right), Managing Director, New Era Autovehicle Services Limited, during a visit by the Jetour International delegation to New Era Autovehicle Se...

Shippers’ Council, Navy Strengthen Maritime Collaboration

The Executive Secretary/Chief Executive Officer of the Nigerian Shippers’ Council, Dr. Akutah Pius has reaffirmed the critical role of maritime security in driving...

Disu Assumes Office As Acting IGP, Takes Over...

The Acting Inspector-General of Police, IGP Olatunji Ridwan Disu, has officially assumed duty as the 23rd indigenous Inspector-General of Police, succeeding IGP Kayode...

TINUBU ACCEPTS EGBETOKUN’S RESIGNATION, APPOINTS DISU AS ACTING...

President Bola Ahmed Tinubu has accepted the resignation of the Inspector-General of Police, Kayode Egbetokun, following the submission of his letter citing pressing...

February 21, 2026 No Responses

AfDB Approves $200m To Boost Agriculture In Nigeria

The Board of Directors of the African Development Bank (AfDB) has approved$200million loan to scale up priority agricultural investments in Nigeria.In a statement posted on its website, AfDB explained that the ...

February 16, 2026 No Responses

Institute Warns of Health Risks From Fabricated Grinding Machines

The Federal Institute of Industrial Research, Oshodi (FIIRO), Lagos, has raised concerns over rising cases of organ failure and cardiovascular diseases in Nigeria, linking them to the consumption of foods proce...

February 10, 2026 No Responses

Tony Elumelu: Agriculture Key To Jobs, Food Security As Africa’s...

Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, Mr. Tony Elumelu, on Tuesday called for sustained investment in agriculture and young entrepreneurs as a pathway to jobs creation, food sec...

February 24, 2026 No Responses

SIFAX Foundation Trains 90 Lagos Students On AI, Technology

The Corporate Social Responsibility (CSR) arm of the SIFAX Group, Ajoke Ayisat Afolabi Foundation, in partnership with the World Bank, has trained over 90 students of the State Senior Secondary School, Oyewole,...

February 10, 2026 No Responses

LAMATA Boss Reaffirms LASU As Key Talent Hub For Transport...

The Managing Director of the Lagos Metropolitan Area Transport Authority (LAMATA), Engr. (Mrs.) Abimbola Akinajo, has reaffirmed Lagos State University’s (LASU) School of Transport and Logistics as a vital so...

February 9, 2026 No Responses

Augustine University Receives NUC Team For Nursing Science Accreditation

Augustine University, Ilara-Epe, Lagos State, on Monday, 9th February, 2026, received a team from the National Universities Commission (NUC) for the accreditation of its Nursing Science Programme.The NUC accred...