23.94_℃Lagos

Saturday, 24 October 2026

City Business News

Nigeria Business News

Oct
2026 24 Nigeria Customs, TMPL Test Cutting-Edge Cargo Scanners

Oct
2026 24 JPMorgan Gets CBN’s Approval To Establish Merchant Bank In Nigeria

Oct
2026 23 Oyetola Inaugurates Committee For Nigeria Marine, Blue Economy Expo

Oct
2026 23 Senate Advances Bill To Strengthen NUC Regulatory Powers

Oct
2026 22 NIMASA Detains Vessels Over Cabotage Violations

Aviation

Ebola: FAAN Heightens Vigilance At Airports

Auto

Hyundai Motors Nigeria Unveils All-New Mufasa, Grand Creta

Metro

EFCC Arraigns ALSCON, Director Over Alleged N582.43m Money Laundry

Sports

Como Thrash Manchester United 4-1 As Arsenal Draw With Bayern

Nigeria Customs, TMPL Test Cutting-Edge Cargo Scanners

A high-powered delegation of experts from the Nigeria Customs Service (NCS) and Trade Modernisation Project Limited (TMPL) recently completed a Factory Acceptance Test...

Oct
2026 24

JPMorgan Gets CBN’s Approval To Establish Merchant Bank...

THE Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as...

Oyetola Inaugurates Committee For Nigeria Marine, Blue Economy...

The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has inaugurated a committee to organise the Nigeria Marine and Blue Economy Expo...

October 23, 2026 No Responses

Senate Advances Bill To Strengthen NUC Regulatory Powers

A bill seeking to repeal and re-enact the National Universities Commission (NUC) Act to strengthen regulation, enforce academic standards and improve university governance on Thursday scaled second reading in the Senate....

October 19, 2026 No Responses

Customs, Afreximbank Advance Border Modernisation

By ebosele@hotmail.com The Nigeria Customs Service (NCS) and the Customs administrations of Benin Republic and Cameroon have intensified discussions with the African Export-Import Bank (Afreximbank) on plans to modernise...

October 16, 2026 No Responses

Oyetola Unveils NPERA Logo, Harps On Port Reforms

The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has unveiled the newly gazetted Nigeria Ports Economic Regulatory Agency (NPERA) Act, 2026, alongside the agency’s official logo, describing the developme...

October 16, 2026 No Responses

FG Reaffirms Commitment To Modernising Ports Outside Lagos

By ebosele@hotmail.com The Minister of Marine and Blue Economy, Adegboyega Oyetola, has reaffirmed the Federal Government’s commitment to modernising ports outside Lagos to strengthen maritime infrastructure, improve t...

October 16, 2026 No Responses

INEC Enlists NURTW, NPA, Others For 2027 Election Logistics

By ebosele@hotmail.com The Independent National Electoral Commission (INEC) has enlisted the support of key transport and maritime stakeholders, including the Nigerian Union of Road Transport Workers (NURTW), Nigerian Po...

October 24, 2026 No Responses

JPMorgan Gets CBN’s Approval To Establish Merchant Bank In Nigeria

THE Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as JPMorgan Merchant Bank Nigeria Limited.This is according to a statement issued...

October 18, 2026 No Responses

Veritas Assurance Records N23.7b Gross Premium

‌‌‍‌‍‍⁠⁠‍⁠‌‌‌⁠‌‌VERITABLE Kapital Assurance Plc has announced a Gross Premium of N23.733 billion for the 2025 financial year, which represents 0.2 per cent growth from 23.694 b...

October 14, 2026 No Responses

Q3: Dangote Refinery Explains $22.5b Revenue

Dangote Petroleum Refinery and Petrochemicals has declared $22.5 billion in revenue and $4.7 billion in net profit for the nine months ended September 30, 2026, compared with a loss of $117.2 million in the corresponding...

October 14, 2026 No Responses

Nigeria’s Capital Market Masterplan: Building The Market A Nation Deserves

By Emomotimi Agama Every great economy has, at its heart, a capital market that channels the savings of ordinary people into productive investments, financing the factories, roads, homes and businesses that create jobs a...

October 12, 2026 No Responses

OPay Secures Approval For Secondary Listing On Nigerian Exchange

By ebosele@hotmail.com. OPay, a leading African fintech company, has secured board and shareholder approval to pursue a secondary listing on Nigerian Exchange Limited (NGX) following its planned initial public offering (...

October 23, 2026 No Responses

Oyetola Inaugurates Committee For Nigeria Marine, Blue Economy Expo

The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has inaugurated a committee to organise the Nigeria Marine and Blue Economy Expo (NIMBEX), as part of efforts to position Nigeria as a leading destination f...

October 22, 2026 No Responses

NIMASA Detains Vessels Over Cabotage Violations

The Nigerian Maritime Administration and Safety Agency has conducted a targeted enforcement operation code named Operation Sea Guardian in order to enforce compliance with maritime regulations in Nigeria waters.The opera...

October 18, 2026 No Responses

Oyetola, Agbakoba, Omatseye, Others For 2026 SCAN Summit

By ebosele@hotmail.com The Minister of Marine and Blue Economy, Adegboyega Oyetola, will attend the 2026 Summit of the Shipping Correspondents Association of Nigeria (SCAN) as Special Guest of Honour, with stakeholders e...

October 17, 2026 No Responses

Minister Reiterates Support For Indigenous Shipowners, Assures On CVFF Disbursement

The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has reaffirmed the Federal Government’s commitment to strengthening indigenous shipping capacity, assuring Nigerian shipowners of sustained support and pl...

October 17, 2026 No Responses

Stakeholders Seek Reforms To Grow Maritime Economy

MARITIME stakeholders have called for effective implementation of shipping policies to boost indigenous participation and accelerate Nigeria’s blue economy growth.They made the call at a panel session during the 2026 W...

October 22, 2026 No Responses

Hyundai Motors Nigeria Unveils All-New Mufasa, Grand Creta

Hyundai Motors Nigeria has strengthened its Sports Utility Vehicle (SUV) portfolio with the launch of the all-new Hyundai Mufasa and Hyundai Grand Creta, reinforcing the brand’s commitment to offering innovative, s...

October 21, 2026 No Responses

Nigeria’s Auto Industry Must Compete On Customer Care, Not Just...

By Segun Kadiri Competition in the automotive market is often discussed in familiar terms: prices, vehicle specifications, design, technology, fuel efficiency and the introduction of new models. These factors matter, and...

October 9, 2026 No Responses

New Spiro Nigeria Country Head Unveils Mandate, Training, Growth Agenda...

By Moses Ebosele, ebosele@hotmail.com Africa’s leading electric mobility company, Spiro has rolled out its growth agenda for Nigeria in 2027, with plans to expand its battery-swapping infrastructure, enter additional s...

October 7, 2026 No Responses

JETOUR W Motors Rewards Customers With ‘Win Your Way To...

Jetour W Motors has strengthened its engagement with customers with the conclusion of its #WinYourWayToBrazil campaign and the official unveiling of the Jetour Nigeria Club, creating new opportunities for owners to conne...

October 2, 2026 No Responses

Jetour In Abuja, Blends Motoring, Technology, Culture

For three days, Abuja was transformed into a hub of luxury, technology, motoring and culture as Jetour Nigeria turned the Maha Event Centre, Garki, into a vibrant automotive showcase.The Jetour Experience Abuja 2026, hel...

October 22, 2026 No Responses

NCDMB, Stakeholders Push Domestic Oil, Gas Equipment Manufacturing

The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with oil and gas stakeholders, has initiated steps to implement recommendations from an industry-wide study on in-country manufacturing of k...

October 11, 2026 No Responses

NCDMB Tasks Indigenous Oil Firms On Global Competitiveness

The Nigerian Content Development and Monitoring Board (NCDMB) has urged indigenous oil and gas companies to strengthen their operational capacity, technological capabilities and access to financing to compete effectively...

October 10, 2026 No Responses

NNPCL: Petrol Discount Not Return Of Subsidy

The Nigerian National Petroleum Company Limited (NNPCL) has clarified that its petrol discount offer, which runs until October 31, does not amount to the restoration of fuel subsidy but is a temporary measure to ease the...

October 6, 2026 No Responses

NLNG Showcases AI Innovation To Improve MRI Services

Nigeria LNG Limited (NLNG) has presented GenScan AI, the winning entry of The Nigeria Prize for Science and Innovation (NPSI) 2026, to stakeholders in Abuja, highlighting its potential to significantly reduce MRI scan ti...

October 3, 2026 No Responses

LCCI Downstream Group Holds Symposium On Competitive, Secure Petroleum Industry.

The Petroleum Downstream Group of the Lagos Chamber of Commerce and Industry (LCCI) has concluded a major industry symposium focused on strengthening Nigeria’s petroleum downstream sector in a deregulated economy.The s...

October 21, 2026 No Responses

Photo Caption

L-R: Olumuyiwa Akande, Group Head, Corporate Communications, SIFAX Group; Babatunde Afolabi, Executive Director, Business Development, Skyway Aviation Handling Company Plc (SAHCO); Tobi Afolabi, Group Executive Director,...

October 20, 2026 No Responses

Photo News:

L-R: The Director General of the Securities and Exchange Commission (SEC), DrEmomotimi Agama; Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele; Chairman, Senate Committee on Capital Market and ...

October 9, 2026 No Responses

Photo News

Twin brothers, Adeleye Falade (left), MD/CEO of NLNG, and Adegbite Falade, MD/CEO of Aradel Holdings Plc, received Honorary Fellowships of the Nigerian Society of Chemical Engineers (NSChE) at a ceremony in Lagos on Thur...

September 30, 2026 No Responses

Photo News

L-R: Dr. Abdulrahaman Muhammad Saleem of National Pension Commission (PenCom), Dr. Zacch Adedeji, Executive Chairman, Nigeria Revenue Service (NRS); Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria (CBN); Hussaini ...

August 23, 2026 No Responses

Photo News

L-R: Head, Equities Research, Coronation Research, Gbemisola Adelokiki; Head of Macros Research, Coronation Research, Dr. Temilola Adeyemi; MD/CEO Coronation Asset Management, Aigbovbioise Aig-Imoukhuede; Chief Marketing...

Tinubu Mourns 32 NAF Personnel, Orders Probe

President Bola Tinubu has expressed profound sadness over the crash of a Nigerian Air Force (NAF) ATR-42 aircraft near a naval base in...

FRSC Deploys 170 Ambulances For Emergency Rescue

The Federal Road Safety Corps (FRSC) has deployed more than 170 ambulances across the country to strengthen emergency response and rescue operations following...

X-RAYING THE FRSC NATIONAL DIALOGUE ON VEHICLE OVERLOADING,...

By Osondu Ohaeri – The recent national dialogue convened by the Federal Road Safety Corps in Abuja on the dangers of vehicle overloading...

September 24, 2026 No Responses

Nigeria, EU Strengthen Agric Export Market Access

By ebosele@hotmail.com. – The Nigeria Agricultural Quarantine Service (NAQS) has received a delegation from the European Union (EU) Delegation to Nigeria to strengthen cooperation on Sanitary and Phytosan...

August 6, 2026 No Responses

NAQS, Cattle Breeders Partner to Boost Livestock Exports, Biosecurity

By ebosele@hotmail.com – The Nigeria Agricultural Quarantine Service (NAQS) has reaffirmed its commitment to strengthening collaboration with key industry stakeholders to enhance the competitiveness of Ni...

August 5, 2026 No Responses

Nigeria, China Strengthen Agricultural, Aquatic Exports

By ebosele@hotmail.com – The Nigeria Agricultural Quarantine Service (NAQS) and the People’s Republic of China have strengthened bilateral cooperation aimed at expanding agricultural trade, improvin...

October 10, 2026 No Responses

Ifowodo Wins $100,000 Nigeria Prize For Literature 2026

Ogaga Ifowodo’s poetry collection, Why Does God Need a Gun?, has won The Nigeria Prize for Literature 2026, earning the Nigerian poet the $100,000 cash award.Similarly, Beyond Tarkwa Bay by Peter Oghenetega O...

September 16, 2026 No Responses

Customs Renovates Ife Girls’ High School, Announces University Scholarships

The Nigeria Customs Service (NCS) has commissioned a fully renovated Ife Girls High School in Ile-Ife, Osun State, under its ‘Customs Cares’ Corporate Social Responsibility Initiative.Addressing the...

September 10, 2026 No Responses

Sanwo-Olu Appoints Badejo Ayodeji Olawunmi LASU Vice-Chancellor

By ebosele@hotmail.com – Lagos State Governor, Babajide Sanwo-Olu, has approved the appointment of Professor Badejo Ayodeji Olawunmi as the new Vice-Chancellor of Lagos State University (LASU).City Busine...