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Friday, 15 May 2026

City Business News

Nigeria Business News

May
2026 15 Again, SEC Warns Against Social Media Ponzi Scheme

May
2026 15 NCC Seeks Judicial Backing Against Cybercrime, Telecom Vandalism

May
2026 14 NADDC Boss Harps On Strong Aftersales Ecosystem

May
2026 14 Pioneer Airlines Secures NCAA Air Operator Certificate

May
2026 14 NADDC DG Praises JIM Isuzu Pick-Up Quality During WAAS Visit

Aviation

Pioneer Airlines Secures NCAA Air Operator Certificate

Auto

NADDC Boss Harps On Strong Aftersales Ecosystem

Metro

Nigeria Customs Hands Over Stolen Cars To Canada

Sports

NADDC Advocates Investment In Motorsport

Again, SEC Warns Against Social Media Ponzi Scheme

The Securities and Exchange Commission (SEC) has warned Nigerians against investing in illegal online investment schemes being promoted across social media platforms, saying...

NCC Seeks Judicial Backing Against Cybercrime, Telecom Vandalism

The Nigerian Communications Commission (NCC), on Thursday in Lagos, called for deeper collaboration with the judiciary to strengthen the protection of telecommunications infrastructure,...

NADDC Boss Harps On Strong Aftersales Ecosystem

The Director-General of the National Automotive Design and Development Council (NADDC), Oluwemimo Joseph Osanipin, has emphasized the critical role of aftersales services in...

May 14, 2026 No Responses

NADDC Boss Harps On Strong Aftersales Ecosystem

The Director-General of the National Automotive Design and Development Council (NADDC), Oluwemimo Joseph Osanipin, has emphasized the critical role of aftersales services in building a sustainable and globally competitiv...

May 14, 2026 No Responses

Pioneer Airlines Secures NCAA Air Operator Certificate

The Nigeria Civil Aviation Authority (NCAA), on Wednesday formally granted an Air Operator Certificate (AOC) to Pioneer Airlines Limited to commence non-scheduled flight operations following successful completion of the ...

May 14, 2026 No Responses

NADDC DG Praises JIM Isuzu Pick-Up Quality During WAAS Visit

The Director-General, National Automotive Design and Development Council, (NADDC), Joseph Oluwemimo Osanipin, has lauded the quality, durability, comparative affordability and local market suitability of the JIM Isuzu Pi...

May 13, 2026 No Responses

NDDC Trains 500 Youths, Empowers Beneficiaries With Buses, Tricycles

The Niger Delta Development Commission, NDDC, has trained 500 young men and women in financial prudence and distributed 150 minibuses and 200 tricycles to another set in Cross River State as part of its empowerment progr...

May 13, 2026 No Responses

Aliko Dangote Foundation Partners Islamic Development Bank On Social Development

The Managing Director and Chief Executive Officer of the Aliko Dangote Foundation (ADF), Zouera Youssoufou, alongside the Foundation’s Head of Community Engagement and Polio Eradication, Ahmed Iya, has visited the head...

May 15, 2026 No Responses

Again, SEC Warns Against Social Media Ponzi Scheme

The Securities and Exchange Commission (SEC) has warned Nigerians against investing in illegal online investment schemes being promoted across social media platforms, saying many of them exhibit characteristics of Ponzi ...

May 14, 2026 No Responses

Stock Market Investors Exchange N109.4b Shares On NGX

Investors on the Nigerian Exchange on Wednesday transacted 1.683 billion shares worth N109.438 billion in 76,557 transactions.This is compared with the previous session’s 2.027 billion shares valued at N87.709 billion ...

May 12, 2026 No Responses

Nigerian Equities Market Surpasses N160trn As Investors Gain N3.16trillion

The Nigerian equities market extended its bullish run on Monday, with market capitalisation crossing the N160 trillion mark as investors gained a combined N3.162 trillion.Market capitalisation rose by 2.01 per cent, clim...

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...

May 11, 2026 No Responses

Nigerian Ports Handle 58,870 Vehicles In Q1 2026

Nigeria’s ports handled a total of 58,870 vehicle units in the first quarter of 2026, representing a 67 per cent increase compared to the 35,262 units recorded during the corresponding period of 2025.The figures were c...

May 11, 2026 No Responses

Nigeria Ports Record Increase In Vessel Tonnage As Maritime Reforms...

Nigeria’s maritime sector recorded strong operational growth in the first quarter of 2026, with Gross Registered Tonnage (GRT) for ocean-going vessels rising by 19.5 per cent to 46.75 million, highlighting the increasi...

May 10, 2026 No Responses

Transport, Logistics In Focus As Oyeyemi Delivers City Business News...

The Publisher of City Business News Online, Mr Moses Ebosele, has announced plans to commemorate the organisation’s 10th anniversary with a high-level lecture scheduled for Thursday, June 25, 2026, at Rockview Hotels, ...

May 10, 2026 No Responses

Nigeria Customs Hands Over Stolen Cars To Canada

As part of ongoing efforts to strengthen international confidence in Nigeria’s anti-smuggling and cargo intelligence system, the Nigeria Customs Service (NCS) has formally handed over intercepted stolen luxury vehicles...

May 10, 2026 No Responses

Ita Resumes As Acting Area Controller, Ondo/Ekiti Command

The Ondo/Ekiti Area Command of the Nigeria Customs Service (NCS) has welcomed Deputy Comptroller of Customs (DC), Patience Ita as the new Acting Customs Area Controller (CAC), following the retirement of Comptroller Quee...

May 14, 2026 No Responses

NADDC Boss Harps On Strong Aftersales Ecosystem

May 14, 2026 No Responses

NADDC DG Praises JIM Isuzu Pick-Up Quality During WAAS Visit

May 11, 2026 No Responses

Jetour X70 Plus Sets New Standard With Safety, Comfort Features

The Jetour X70 Plus is redefining expectations in Nigeria’s competitive Sports Utility Vehicle (SUV) market with a blend of advanced safety systems, premium comfort features and strong performance credentials designed ...

May 11, 2026 No Responses

Nigerian Ports Handle 58,870 Vehicles In Q1 2026

May 10, 2026 No Responses

Transport, Logistics In Focus As Oyeyemi Delivers City Business News...

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 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 11, 2026 No Responses

Photo News

At the inauguration of the ABC Group Historic & Archive Centre in Owerri which coincided with the birthday of the founder, Mr. Frank Nneji, OON (extreme right). Others are (from Rev. Fr Emma Ehioma; Hon Princewill Ug...

May 9, 2026 No Responses

Photo News

L – R : Emma Ugwuja, Finance Controller, Coscharis Group; Jan Lembke, Importer Finance, BMW Group; Fred Amobi, Deputy Group Managing Director, Coscharis Group; Werner Warnke, Head of Importer Finance, BMW Group; Da...

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.

Tincan Island Port Customs Intercepts N16.694b Hard Drugs,...

The Nigeria Customs Service (NCS), Tincan Island Port Command in collaboration with the National Drug Law Enforcement Agency (NDLEA) has intercepted40-foot container loaded...

FRSC Begins Strategic Capacity Building For 305 Officers

The Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed, has launched a high-level national capacity building programme for 305 Chief...

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...

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

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 developm...

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 ...