Business – City Business News

January 11, 2026 No Responses

Umahi: Lagos–Calabar Coastal Highway To Be Tolled Immediately After Completion

The Lagos–Calabar Coastal Highway will be tolled immediately it is completed and inaugurated, the Minister of Works, Senator Dave Umahi, has said.Umahi said this on Saturday in Lagos during an inspection tour of the ongoing highway project, stressing that tolling...

January 11, 2026 No Responses

Osimhen Leads Nigeria Past Algeria Into AFCON 2025 Semi-Finals

Nigeria produced one of the standout performances of the day with a commanding 2–0 victory over Algeria in Marrakech, booking a place in the semi-finals of the 2025 Africa Cup of Nations.After a closely contested first half, the Super Eagles...

January 10, 2026 No Responses

TotalEnergies, Eni, QatarEnergy Seal Exploration Deal

TotalEnergies, in partnership with Eni and QatarEnergy, has signed an agreement with the Lebanese government to commence exploration activities in offshore Block 8.Under the initial work programme, the consortium will undertake the acquisition of a 1,200-kilom...

January 10, 2026 No Responses

Toyota Nigeria, Coscharis Motors, Weststar Shine At Auto Awards

Major automotive brands reinforced their leadership positions in Nigeria’s fast-evolving auto market as Toyota Nigeria, Coscharis Motors and Weststar Associates emerged among the biggest winners at the 18th Nigeria Auto Journalists’ Association (NAJA) Inte...

January 10, 2026 No Responses

NAJA Names Osanipin, Ajayi 2025 Auto Personalities

The Nigeria Auto Journalists’ Association (NAJA) has conferred its prestigious Auto Personality of the Year awards on two outstanding figures from the public and private sectors.The recognition took place at the 18th NAJA International Auto Awards, held at t...

January 9, 2026 No Responses

Inside Carloha’s After-Sales Strategy Reshaping Auto Ownership In Nigeria

Carloha Nigeria, the authorised distributor and assembler of Chery vehicles in the country, has been honoured with the “Most Outstanding After-Sales Car Company in Nigeria 2025” by the Nigeria Auto Journalists Association (NAJA), one of the automotive indu...

January 9, 2026 No Responses

Lagos Assembly Okays ₦4.44tri Budget For 2026

The Lagos State House of Assembly has passed a ₦4.44 trillion budget for the 2026 fiscal year, approving the report of the House Committee on Economic Planning and Budget.Presenting the report during plenary on Thursday, the committee chairman, Mr Sa’ad...

January 9, 2026 No Responses

Nigerian Stock Market Sustains Growth With N138b Gain

The stock market on Thursday sustained its upward trend, with market capitalisation rising by N138 billion, or 0.13 per cent, to close at N102.822 trillion.The benchmark opened trading at N102.684 trillion, reflecting continued investor confidence and extendin...

January 8, 2026 No Responses

Customs Introduces Waiver Framework For Imported Personal Vehicles

By ebosele@hotmail.com. – The Nigeria Customs Service (NCS) has announced the commencement of procedures for granting safe passage to personal vehicles temporarily imported into or transiting through Nigeria by international travellers.City Business News...

January 7, 2026 No Responses

Lagos Okays Rebate For Faded Vehicle Plates Replacement

The Lagos State Government has approved a three-month rebate window for motorists to replace faded and unreadable vehicle number plates, in a renewed move to enhance road safety, improve vehicle identification, and strengthen security across the state.The appr...

January 7, 2026 No Responses

UN Seeks Stronger Protection Of Civilians, Schools In Nigeria

The United Nations Resident and Humanitarian Coordinator in Nigeria, Mohamed Malick Fall, has called for stronger protection of civilians, civilian spaces, and schools following a spate of violent attacks in Niger State and other parts of the country.In a stat...

January 7, 2026 No Responses

Budget Office Explains Repeal, Re-enactment Of 2024, 2025 Appropriation Acts

By ebosele@hotmail.com. – The Budget Office of the Federation (BOF) has dismissed claims that the repeal and re-enactment of the 2024 and 2025 Appropriation Acts amounted to a constitutional breach or fiscal illegality, insisting that the process is firm...

January 6, 2026 No Responses

FirstBank Meets CBN’s ₦500b Capital Requirement

By ebosele@hotmail.com. — First HoldCo Plc has announced that its commercial banking subsidiary, First Bank of Nigeria Limited (FirstBank), has successfully met the Central Bank of Nigeria’s (CBN) minimum capital requirement of ₦500 billion.The miles...

January 6, 2026 No Responses

Bayelsa Mourns Senator Brambaifa

Governor of Bayelsa State, Senator Douye Diri, has expressed sadness over the demise of Senator John Kojo Brambaifa.The former Bayelsa West Senatorial District representative in the 5th National Assembly between 2003 and 2007 died on Saturday in a hospital in....