Business – Page 2 – City Business News

October 30, 2025 No Responses

EFCC Arraigns Vessel, Crew For Alleged N12b Oil Theft

The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned a vessel, MT Ostria, alongside three men before the Ikeja Special Offences Court over the alleged theft of petroleum products valued at N12 billion.The defendants — Raymundo Panaligam...

October 30, 2025 No Responses

FRSC, NAICOM Launch Joint Task Force to Enforce Insurance, Passenger Manifests

The Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed and the Executive Commissioner of the National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin, on Wednesday jointly inaugurated a Joint Task Force on the Enforcement of Third-P...

October 30, 2025 No Responses

Arsenal’s Young Guns Shine In Carabao Cup Win Over Brighton

Arsenal advanced to the Carabao Cup quarter-finals with a composed 2–0 victory over Brighton & Hove Albion on Tuesday night, in a match that celebrated both victory and history. Manager Mikel Arteta’s bold trust in his youth academy paid off...

October 29, 2025 No Responses

Nestoil Under Receivership Over $1b Debt

Corporate headquarters of Nestoil Limited in Victoria Island, Lagos,have been sealed off by the Police after the company was placed under receivership by a consortium of lenders over a reported $1 billion debt.A federal high court sitting in Lagos had...

October 29, 2025 No Responses

NIWA, Stakeholders Urge Increased Investment in Inland Waterways

Stakeholders in Nigeria’s maritime industry have urged the Federal Government and private sector players to ramp up investments in the country’s inland waterways, describing such action as vital to unlocking the nation’s blue economy potential and improv...

October 29, 2025 No Responses

NPA Reaffirms Commitment to Mentorship

The Nigerian Ports Authority (NPA) has reiterated that its greatest asset lies not only in its infrastructure and technology but in its people — the driving force behind Nigeria’s maritime growth and competitiveness.The Managing Director of NPA, Dr. Abubak...

October 28, 2025 No Responses

NNPC Highlights Transformation in Downstream Sector

The Executive Vice President, Downstream, NNPC Limited, Dr. Mumuni Dagazau, says Nigeria’s downstream oil and gas industry is undergoing a major transformation driven by deregulation, foreign exchange reforms, and strategic partnerships.Speaking at the 19th ...

October 28, 2025 No Responses

Ekiti 2026: APC Endorses Oyebanji As Consensus Candidate

The All Progressive Congress (APC) has affirmed the candidature of Ekiti State Governor, Biodun Oyebanji as the consensus candidate of the party for the 2026 gubernatorial election in the State.The motion was moved in Ado-Ekiti on Monday by the Senate...

October 28, 2025 No Responses

Real Madrid Edge Barcelona, Assert Control Amid El Clásico Turmoil

Real Madrid clinched a crucial 2-1 victory over arch-rivals FC Barcelona in Sunday’s El Clásico, but the main story wasn’t the three points—it was the simmering tension between star winger Vinícius Júnior and coach Xabi Alonso that boiled over...

October 27, 2025 No Responses

Dangote Refinery Unfolds Expansion Agenda, Eyes NGX Listing

President of Dangote Industries Limited, Aliko Dangote, has explained that the decision to expand the Dangote Petroleum Refinery from 650,000 barrels per day (bpd) to 1.4 million bpd is driven by emerging opportunities across Africa, growing regional demand fo...

October 27, 2025 No Responses

NCDMB Congratulates Minister, NLNG MD On Election As GECF President, Secretary General

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has congratulated the Minister of State, Petroleum Resources (Gas) and Co-Chairman of the NCDMB Governing Council, Rt. Hon. Ekperikpe Ekpo on h...

October 26, 2025 No Responses

Lagos Proposes Review Of Training Format For Public Affairs Officers

The Permanent Secretary, Lagos State Ministry of Information and Strategy, Mr. Olanrewaju Bajulaiye, has called for a review of the modalities guiding the monthly in-house professional training sessions for Public Affairs Officers (PAOs) in the State Public Se...

October 26, 2025 No Responses

Sunderland Stun Chelsea At Stamford Bridge

Chelsea suffered a shock 2–1 home defeat to newly-promoted Sunderland on Saturday, October 25, 2025, as the visitors produced a stunning late comeback to claim all three points at Stamford Bridge.Match Summary:The Blues started brightly and took an early lea...