Business – City Business News

January 13, 2026 No Responses

Arikawe Joins Presco Board, Succeeds Nwabuko

By Moses Ebosele,ebosele@hotmail.com Presco Plc has appointed Mr Adewale Arikawe to its board as a non-executive director, with effect from January 2, 2026.Arikawe succeeds Mr. Felix Nwabuko, who is retiring from the Board after several years of service.City Business News...

January 13, 2026 No Responses

Customs Unveils New Standard Procedure For Courier Operations

The Nigeria Customs Service (NCS) has announced the commencement of a new Standard Operating Procedure (SOP) for regulating courier companies operating under the Delivered Duty Paid (DDP) Incoterm.The Service said the SOP provides a unified framework covering ...

January 12, 2026 No Responses

Tinubu Arrives Abu Dhabi

President Bola Ahmed Tinubu arrived in Abu Dhabi, United Arab Emirates (UAE), on Sunday ahead of his participation in the 2026 edition of Abu Dhabi Sustainability Week (ADSW), which begins on Monday.The President’s plane landed at the Presidential Wing of...

January 12, 2026 No Responses

Oyetola Renews Call For Ban On Wooden Boats

The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola has renewed his call on state governments across the federation to urgently ban the use of wooden boats for commercial water transportation and instead invest in safer, modern fibre and...

January 12, 2026 No Responses

Edo Politics: The Tribal Smear Of Okpebholo And His Government (3)

It’s rare to see Nigerian politicians implementing their Manifestos – if they ever unveiled any before they’re elected – or promises made to the electorate during campaigns. Once sworn into office, they operate a rule-of-the-thumb policy of pic...

January 12, 2026 No Responses

Nigeria Drives Digital Reform In Vehicle Import Clearance

By Moses Eboseleebosele@hotmail.com For decades, clearing imported vehicles in Nigeria followed a familiar — and notoriously winding — path: towering stacks of paperwork, long queues at port terminals, frantic phone calls to clearing agents, and the anxiet...

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 to...

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...