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Friday, 8 May 2026

City Business News

Nigeria Business News

May
2026 08 NIWA Intensifies Safety Campaign, Insist On Wooden Boats Phase-Out

May
2026 08 Customs, Yakubu Gowon University Renew Strategic Alliance

May
2026 07 NLNG Receives 98 Entries For Maiden Creative Arts Prize

May
2026 07 Customs Strengthens Fight Against Money Laundering, Terrorism Financing

May
2026 06 300 Firms Jostle For 50 Oil Blocks

Aviation

NCAA Targets PLACI For Safer Cargo Operations

Auto

NADDC, RMRDC Deepen Collaboration to Boost Local Content in Automotive Sector

Metro

Lagos Seals Lekki Luxury Flats, Brasas Mall, Others

Sports

NADDC Advocates Investment In Motorsport

NIWA Intensifies Safety Campaign, Insist On Wooden Boats...

The National Inland Waterways Authority (NIWA) has intensified safety awareness campaigns across Lagos waterways as part of efforts to eliminate boat accidents and...

Customs, Yakubu Gowon University Renew Strategic Alliance

The Comptroller-General of Customs, Adewale Adeniyi, has pledged to revitalise the long-standing institutional relationship between the Nigeria Customs Service and Yakubu Gowon University...

NLNG Receives 98 Entries For Maiden Creative Arts...

By ebosele@hotmail.com No fewer than 98 entries have been received for the maiden edition of The Nigeria Prize for Creative Arts following the...

May 8, 2026 No Responses

NIWA Intensifies Safety Campaign, Insist On Wooden Boats Phase-Out

The National Inland Waterways Authority (NIWA) has intensified safety awareness campaigns across Lagos waterways as part of efforts to eliminate boat accidents and strengthen compliance with safety regulations among wate...

May 7, 2026 No Responses

NLNG Receives 98 Entries For Maiden Creative Arts Prize

By ebosele@hotmail.com No fewer than 98 entries have been received for the maiden edition of The Nigeria Prize for Creative Arts following the close of submissions on Thursday.The inaugural edition of the competition foc...

May 5, 2026 No Responses

NADDC, RMRDC Deepen Collaboration to Boost Local Content in Automotive...

The National Automotive Design and Development Council (NADDC), led by its Director General, Otunba Oluwemimo Joseph Osanipin, has held a strategic meeting with the Director General of the Raw Materials Research and Deve...

May 5, 2026 No Responses

Lagos Seals Lekki Luxury Flats, Brasas Mall, Others

The Lagos State Government has sealed several buildings, shopping malls and hotels for failing to comply with mandatory lift and elevator safety regulations.The enforcement operations, carried out by the Lagos State Safe...

May 5, 2026 No Responses

Owotuga Foundation Channels N204m Into Education, Donates Hostel

To honour the enduring legacy of the Late Most Supreme Apostle Matthew Omodayo Owotuga, the foundation established in his name has announced the successful disbursement of N204 million toward community development, acade...

close up of nigerian naira banknotes in detail

May 5, 2026 No Responses

NGX Investors Gain N62bn As Buying Interest Lifts Market

The Nigerian equities market commenced the new month on a bullish note on Monday, with investors recording a gain of N62 billion at the close of the first trading session of May.The positive performance was largely drive...

April 30, 2026 No Responses

Shareholders Applaud NGX Group’s ₦2 Dividend, Bonus Issue

Shareholders of Nigerian Exchange Group Plc (NGX Group) have endorsed the company’s 2025 financial results, with strong emphasis on the approved ₦2.00 per share final dividend and a one-for-three bonus share issue, d...

April 29, 2026 No Responses

Shareholders Applaud GTCO’s N12.76 Dividend, N500b Capital Milestone

By ebosele@hotmail.com. – Shareholders of Guaranty Trust Holding Company Plc (GTCO) have commended the management of the financial institution for delivering what they described as the highest dividend payout in Ni...

April 27, 2026 No Responses

Alleged $6.23b Fraud: Witness Tells Court Funds Were Siphoned from...

A prosecution witness, Chinedu Eneanya, on Monday told Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court, Maitama, Abuja, that a total sum of $6.23 billion was allegedly siphoned from the coffers of t...

April 21, 2026 No Responses

Tinubu Appoints Oyedele, Removes Edun As Finance Minister

President Bola Ahmed Tinubu has approved a minor reshuffle of the Federal Executive Council, effecting changes in key ministerial positions.According to a memo signed by the Secretary to the Government of the Federation,...

May 4, 2026 No Responses

Nigeria Seeks Fairness In Net-Zero Shipping Drive

Nigeria has called on the global maritime community to prioritise fairness, equity, and adequate support for developing economies in the push toward net-zero emissions in international shipping.Speaking at the 84th sessi...

May 3, 2026 No Responses

SCAN Condoles NPA Over Photographer’s Death

The Shipping Correspondents Association of Nigeria (SCAN) has expressed deep sadness over the death of the Nigerian Ports Authority (NPA) official photographer, Paul Erakhifu, popularly known as “Texas.”SCAN extended...

April 30, 2026 No Responses

NIMASA’s Director Bags Fellowship Of NIPR

The Director of Administration and Human Resources at the Nigerian Maritime Administration and Safety Agency (NIMASA), Mrs. Moji A. Jimoh, has been formally inducted into the Fellowship of the Nigerian Institute of Publi...

April 30, 2026 No Responses

CVFF Disbursement And The Burden Of Responsibility

By Chika Chukwudi The long-anticipated disbursement of Nigeria’s Cabotage Vessel Financing Fund (CVFF) marks a defining moment for the nation’s maritime sector. Approved by President Bola Ahmed Tinubu GCFR, the relea...

April 29, 2026 No Responses

Shippers’ Council Seeks Stronger Stakeholder Synergy To Boost Non-Oil Export...

The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Pius Akutah, has stressed the need for enhanced collaboration and institutional synergy among stakeholders to accelerate Nige...

May 5, 2026 No Responses

NADDC, RMRDC Deepen Collaboration to Boost Local Content in Automotive...

April 30, 2026 No Responses

Chery, Carloha Target Growth In Nigeria’s Commercial Vehicle Segment

Chery Automobile is ramping up plans to enter Nigeria’s commercial vehicle space, in a strategic move that reflects rising confidence in the country’s automotive market and growing demand for business mobility soluti...

April 28, 2026 No Responses

Carloha Nigeria Joins Global Partners At Chery Business Summit In...

Carloha Nigeria, the authorised dealer and distributor of Chery vehicles in the country, is part of Chery International Business Summit from April 22 to 28, 2026, in Beijing, China.The summit, structured alongside Auto C...

April 27, 2026 No Responses

CFAO Open Day To Offer Special Deals On Vehicles, Parts,...

CFAO Mobility to host the 2026 edition of its flagship event, the CFAO Mobility Open Day, aimed at showcasing a broad range of innovative mobility solutions.According to a statement issued by the company, the event will ...

April 27, 2026 No Responses

NRS Faults Viral Claim Of New Vehicle Tax

The Nigeria Revenue Service has dismissed as false and misleading a viral infographic alleging that the Federal Government has introduced a new vehicle tax effective July 1.In a statement issued by the Special Adviser to...

May 7, 2026 No Responses

NLNG Receives 98 Entries For Maiden Creative Arts Prize

May 6, 2026 No Responses

300 Firms Jostle For 50 Oil Blocks

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that a total of 300 firms are currently jostling for the 50 oil blocks put out in the 2025/2026 licensing rounds.Chief Executive Officer of the ...

May 4, 2026 No Responses

Navy Intensifies Crack Down On Oil Thieves

THE Nigerian Navy has intensified its crackdown on crude oil theft and maritime crimes, destroying illegal refining sites and dismantling militant hideouts across Rivers, Bayelsa and Cross River states.The Director of Na...

May 3, 2026 No Responses

NUPRC, NLNG Deepen Collaboration To Increase Gas Supply

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyewa Eyesan, has reiterated the Commission’s commitment to fostering a business-friendly environment and advancing the Feder...

May 1, 2026 No Responses

Dangote Refinery Recalls Redeployed Engineers

Dangote Petroleum Refinery has approved the recall of engineers previously redeployed across its business units, following what management described as a conditional pardon after internal disciplinary actions linked to o...

May 6, 2026 No Responses

Photo News

The Managing Director / CEO, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, on Tuesday, received the Governor of Borno State, Professor Babagana Zulum at the NPA Headquarters in Marina, Lagos.

April 26, 2026 No Responses

Photo News

Deputy Governor of Lagos State, Dr. Obafemi Hamzat (left); Governor Babajide Sanwo-Olu (second left) presenting an artistic portrait of the Inspector-General of Police, IGP Olatunji Disu (right) and his wife, Mrs. Mutiat...

April 20, 2026 No Responses

Photo News

The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho (Left ), on Monday received the Belgian Ambassador to Nigeria, Mr. Pieter Leenknegt, at the NPA Headquarters in Marina, Lagos State.

April 20, 2026 No Responses

Photo News

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso (right), and the Executive Vice Chairman (EVC) and Chief Executive Officer (CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, af...

April 18, 2026 No Responses

Photo News

President/Chief Executive, Dangote Industries Limited, Aliko Dangote (Right) with Managing Director, International Finance Corporation, Makhtar Diop, in Washington DC, United States.

Customs FOU ‘A’ Intercepts N2.3b Cocaine, 8,794 Bags...

The Federal Operations Unit (FOU), Zone ‘A’ of the Nigeria Customs Service (NCS) have arrested a 71-year-old man with 6.4kg of cocaine and...

May
2026 04

Navy Intensifies Crack Down On Oil Thieves

THE Nigerian Navy has intensified its crackdown on crude oil theft and maritime crimes, destroying illegal refining sites and dismantling militant hideouts across...

Photo News

Deputy Governor of Lagos State, Dr. Obafemi Hamzat (left); Governor Babajide Sanwo-Olu (second left) presenting an artistic portrait of the Inspector-General of Police,...

April 20, 2026 No Responses

BoI, RMRDC Seal Pact To Boost Agriculture, Grow GDP

Bank of Industry (BoI) and the Raw Materials Research and Development Council (RMRDC) have sealed a strategic partnership agreement to strengthen Nigeria’s agricultural value-chain and boost country’s Gross...

April 17, 2026 No Responses

Okomu CSR: PIND, Edo Agencies Partner On Youth Skills Development

In a move to empower young people in host communities of Okomu Oil Palm Company Plc, the Foundation for Partnership Initiatives in the Niger Delta has signed partnership agreements with the Edo State Board for ...

April 15, 2026 No Responses

Pressure Mounts On World Bank To Halt Factory Farming Funding

By Moses Ebosele, ebosele@hotmail.com More than 30 civil society organisations have urged the World Bank Group to halt financing for industrial livestock production and redirect investments toward sustainable, ...

May 5, 2026 No Responses

Owotuga Foundation Channels N204m Into Education, Donates Hostel

April 25, 2026 No Responses

NDDC Tasks Students On Civic Responsibility

The Managing Director of the Niger Delta Development Commission, Dr Samuel Ogbuku, has called on students in tertiary institutions across the Niger Delta to obtain their Permanent Voter Cards (PVCs) as a critic...

April 21, 2026 No Responses

Tinubu Approves Police Academy In Ogun, Allocates ₦15b Take-Off Grant

President Bola Tinubu has approved the establishment of a new campus of the Nigeria Police Academy in Erinja, Yewa South Local Government Area of Ogun State.The President also approved a special take-off grant ...