28.26Lagos

Tuesday, 3 March 2026

EFCC Arraigns Bankers For Alleged $306,667.81, €50,250 Fraud

EFCC Arraigns Bankers For Alleged $306,667.81, €50,250 Fraud

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, on Tuesday, March 3, 2026, arraigned two bank...
Photo News

Photo News

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso (left), and the Minister of Finance and Co-ordinating Minister of the...
Tinubu Nominates Oyedele As Minister Of State For Finance

Tinubu Nominates Oyedele As Minister Of State For...

President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as the minister of state for finance, replacing Dr Doris Uzoka-Anite.Uzoka-Anite will now move...

EFCC Arraigns Bankers For Alleged $306,667.81, €50,250 Fraud

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, on Tuesday, March 3, 2026, arraigned two bank officials, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, over ...

Tinubu Nominates Oyedele As Minister Of State For Finance

President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as the minister of state for finance, replacing Dr Doris Uzoka-Anite.Uzoka-Anite will now move to the Ministry of Budget and National Planning, as the Minister o...

NIMC Ward-Level Enrolment Drive Gains Momentum Nationwide

The National Identity Management Commission (NIMC) has said its Ward-Level Enrolment Drive, which officially commenced on February 16, 2026, is ongoing and progressing steadily across the federation.The Commission reiter...

NGX Group Appoints Olaniyan As Group Chief Strategy Officer

Nigerian Exchange Group Plc (NGX Group) has announced the appointment of Ms. Jumoke Olaniyan as Group Chief Strategy Officer, further strengthening its executive leadership as the Group advances its next phase of strateg...

Crude Soars After U.S., Israel Strikes On Iran

Oil prices soared and stocks fell in Asia on Monday after US-Israeli strikes on Iran sent investors fleeing the prospect of an extended conflict in the crude-rich Middle East.Brent briefly spiked almost 14 percent and We...

Capital Market/Banking

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Photo News

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso (left), and the Minister of Finance and Co-ordinating Minister of the Economy, Mr. Wale Edun, after a strategic meeting at the CBN Head Office, Abuja...

NGX Group Appoints Olaniyan As Group Chief Strategy Officer

Nigerian Exchange Group Plc (NGX Group) has announced the appointment of Ms. Jumoke Olaniyan as Group Chief Strategy Officer, further strengthening its executive leadership as the Group advances its next phase of strateg...

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...

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...

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 ...

Maritime

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At WCO Forum, NCS Harps On Impact-Based Reform Communication

The Nigeria Customs Service (NCS) has showcased its impact-focused reform communication model at the 17th Session of the Capacity Building Committee of the World Customs Organisation (WCO) held at its Headquarters in Bru...

NIMASA Renews Partnership With World Maritime University

The Nigerian Maritime Administration and Safety Agency, (NIMASA) has renewed its strategic capacity development partnership with the World Maritime University (WMU), Malmö, Sweden, through the signing of a four-year Mem...

Shippers’ Council, Port Police Strengthen Collaboration

Efforts to improve cargo movement and curb operational bottlenecks at Nigeria’s ports received a boost as the Nigerian Shippers’ Council (NSC) and the Port Authority Police (Western) Command agreed to strengthen ...

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...

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...

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...

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...

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...

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...

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...

Energy

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Crude Soars After U.S., Israel Strikes On Iran

Oil prices soared and stocks fell in Asia on Monday after US-Israeli strikes on Iran sent investors fleeing the prospect of an extended conflict in the crude-rich Middle East.Brent briefly spiked almost 14 percent and We...

NUPRC Oversees Olo Trust Handover To Aradel

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has presided over the formal handover of the Olo Oilfield Host Community Development Trust (HCDT) from TotalEnergies to Aradel Holdings Plc, marking a signifi...

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 ...

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...

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...

Photo News

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Photo News

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso (left), and the Minister of Finance and Co-ordinating Minister of the Economy, Mr. Wale Edun, after a strategic meeting at the CBN Head Office, Abuja...

Photo News

The Area Commander (Area E Command) of the Nigeria Police, FESTAC, ACP Chike Otti, speaking at the awards ceremony. With him are ABC Transport GMD, Jude Nneji (l), and the DPO, FESTAC Police station, Bakare Ibrahim

Photo News

L-R: Managing Director/CE, Total Energies EP Nigeria, Matthieu Bouyer; Managing Director, Total Energies Marketing Nigeria; Wilfred Konde; President Exploration and Production, Total Energies; Nicolas Terraz; President/C...

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, ...

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...

Security/Safety

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Tinubu Extends Ahmed Abubakar Audi’s Tenure As NSCDC Boss

Tinubu Extends Ahmed Abubakar Audi’s Tenure As NSCDC...

President Bola Ahmed Tinubu has reappointed Dr Ahmed Abubakar Audi as the Commandant-General of the Nigeria Security & Civil Defence Corps (NSCDC) for...
Shippers’ Council, Navy Strengthen Maritime Collaboration

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 From Egbetokun

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...

Agriculture

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Nigeria Ramps Up Awareness On GMO Seed Safety

THE National Biosafety Management Agency (NBMA) has sensitised farmers and key stakeholders on the safety and benefits of Genetically Modified Organism (GMO) seeds to enhance agricultural productivity and food ...

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 ...

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...

Education

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FG Approves N48b For 12 Varsities’ Engineering Upgrade

The Federal Government has approved N48 billion to 12 Universities for engineering upgrades across the country.Minister of Education, Dr. Tunji Alausa, disclosed this on Monday at the inauguration of the Implem...

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,...

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...