Business – City Business News

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 financing would support the second phase of the Federal...

February 21, 2026 No Responses

Customs Hands Over Seized Fuel Tankers To NMDPRA

The enforcement unit of the Nigeria Customs Service, Operation Whirlwind, has handed over three intercepted fuel tankers carrying a combined 154,000 litres of Premium Motor Spirit (PMS) to the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NM...

February 20, 2026 No Responses

CBN Seeks Coordinated Digital Payment Reforms At G-24 TGM 2026

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for coordinated reforms in digital cross-border payments to drive inclusive growth, strengthen financial stability, and deepen global financial integration across developing economi...

February 20, 2026 No Responses

NIWA Seals Anti-Corruption Partnership To Boost Transparency

The National Inland Waterways Authority (NIWA) has announced new strategies aimed at improving its operational systems and enhancing collaboration with key stakeholders as part of efforts to boost efficiency, transparency and accountability across its operatio...

February 20, 2026 No Responses

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

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 component parts in Nigeria.Addressing partic...

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 competitive pickup segment.City Business News repo...

February 19, 2026 No Responses

Tinubu, German Chancellor Merz To collaborate On security, power

President Bola Tinubu and German Chancellor Friedrich Merz have resolved to improve bilateral relations between their two countries and to strengthen collaboration in the security, power, and railway sectors.In a telephone conversation on Wednesday afternoon, ...

February 19, 2026 No Responses

Tincan Island Customs Attains N145.9b Revenue In January

For the Month of January 2026, the Nigeria Customs Service (NCS), Tin Can Island Command, generated N145.9 billion.The Customs Area Comptroller (CAC), Frank Onyeka, who disclosed the figure while briefing Journalists in Lagos also explained plans to commence f...

February 18, 2026 No Responses

FG Re-Opens N800b Bonds For Subscription

The Debt Management Office (DMO) on behalf of the Federal Government (FG) has re-opened three FGN bonds valued at N800 billion for subscription at N1,000 per unit.According to a statement issued by the DMO, the first offer is a June...

February 18, 2026 No Responses

Shippers’ Council Expresses Confidence In National Single Window Initiative

The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Dr. Akutah Pius, has expressed strong confidence that the National Single Window (NSW), once fully operational, will significantly enhance transparency and efficienc...

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 expansion of the Dangote Petroleum Refinery &...

February 17, 2026 No Responses

Lagos STL Claims 2026 NPA Polo Title, GTCO Reaffirms Support

Guaranty Trust Holding Company Plc has reaffirmed its commitment to advancing sports development in Nigeria and across Africa following the thrilling conclusion of the 2026 NPA Lagos International Polo Tournament, where Lagos STL emerged champions of the prest...

February 17, 2026 No Responses

EFCC Arraigns Husband, Wife For N740m Investment Fraud

The Economic and Financial Crimes Commission, EFCC on Monday, February 16, 2026, arraigned the Chief Executive Officer of Onome Global Market Resources Limited and Lexicon Multi-concept Media Limited, Osabohein Alex Ologbose, alongside his wife Hope Onome Oghe...

February 16, 2026 No Responses

Customs, American Business Council Strengthen Nigeria–US Trade Ties

The Nigeria Customs Service (NCS) has reinforced investor confidence and strengthened trade relations between Nigeria and the United States following a high-level stakeholder engagement with the American Business Council (ABC).The meeting, held in Lagos, broug...