Business – Page 4 – City Business News

October 24, 2026 No Responses

Nigeria Customs, TMPL Test Cutting-Edge Cargo Scanners

A high-powered delegation of experts from the Nigeria Customs Service (NCS) and Trade Modernisation Project Limited (TMPL) recently completed a Factory Acceptance Test (FAT) for the newly acquired Non-Intrusive Inspection (NII) equipment and Electronic Cargo Tracking System (ECTS) in China.The...

October 24, 2026 No Responses

JPMorgan Gets CBN’s Approval To Establish Merchant Bank In Nigeria

THE Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as JPMorgan Merchant Bank Nigeria Limited.This is according to a statement issued by Michael Akuka, the Director, Corpora...

October 23, 2026 No Responses

Oyetola Inaugurates Committee For Nigeria Marine, Blue Economy Expo

The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has inaugurated a committee to organise the Nigeria Marine and Blue Economy Expo (NIMBEX), as part of efforts to position Nigeria as a leading destination for maritime investment, innovation and.....

October 23, 2026 No Responses

Senate Advances Bill To Strengthen NUC Regulatory Powers

A bill seeking to repeal and re-enact the National Universities Commission (NUC) Act to strengthen regulation, enforce academic standards and improve university governance on Thursday scaled second reading in the Senate.The bill, sponsored by Senate Leader Ope...

October 22, 2026 No Responses

NIMASA Detains Vessels Over Cabotage Violations

The Nigerian Maritime Administration and Safety Agency has conducted a targeted enforcement operation code named Operation Sea Guardian in order to enforce compliance with maritime regulations in Nigeria waters.The operation which focused on vessels of interes...

October 22, 2026 No Responses

NCDMB, Stakeholders Push Domestic Oil, Gas Equipment Manufacturing

The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with oil and gas stakeholders, has initiated steps to implement recommendations from an industry-wide study on in-country manufacturing of key components.A stakeholders’ meeting ...

October 22, 2026 No Responses

Hyundai Motors Nigeria Unveils All-New Mufasa, Grand Creta

Hyundai Motors Nigeria has strengthened its Sports Utility Vehicle (SUV) portfolio with the launch of the all-new Hyundai Mufasa and Hyundai Grand Creta, reinforcing the brand’s commitment to offering innovative, stylish, and technologically advanced veh...

October 21, 2026 No Responses

Nigeria’s Auto Industry Must Compete On Customer Care, Not Just The Cars It Sells

By Segun Kadiri Competition in the automotive market is often discussed in familiar terms: prices, vehicle specifications, design, technology, fuel efficiency and the introduction of new models. These factors matter, and consumers should continue to compare th...

October 21, 2026 No Responses

Nigeria Confirms Ebola Case, Identifies 44 Contacts

The Federal Government has confirmed one case of Ebola disease in the Federal Capital Territory, Abuja, and commenced contact tracing, with 44 close contacts identified as part of efforts to prevent further transmission.The Minister of Health and Social Welfar...

October 20, 2026 No Responses

NCDMB, Dangote Seek Shift From Compliance To Sustainable Nigerian Content

The Nigerian Content Development and Monitoring Board (NCDMB) and Dangote Group have called for a shift from regulatory compliance to a stronger national commitment to technological innovation, sustainable financing and indigenous capacity development to accel...

October 20, 2026 No Responses

Photo News:

L-R: The Director General of the Securities and Exchange Commission (SEC), DrEmomotimi Agama; Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele; Chairman, Senate Committee on Capital Market and Institutions, Senator Osita Izunaso; Dir...

October 19, 2026 No Responses

Customs, Afreximbank Advance Border Modernisation

By ebosele@hotmail.com The Nigeria Customs Service (NCS) and the Customs administrations of Benin Republic and Cameroon have intensified discussions with the African Export-Import Bank (Afreximbank) on plans to modernise key regional border corridors to facili...

October 18, 2026 No Responses

Oyetola, Agbakoba, Omatseye, Others For 2026 SCAN Summit

By ebosele@hotmail.com The Minister of Marine and Blue Economy, Adegboyega Oyetola, will attend the 2026 Summit of the Shipping Correspondents Association of Nigeria (SCAN) as Special Guest of Honour, with stakeholders expected to explore solutions to the fina...

October 18, 2026 No Responses

Veritas Assurance Records N23.7b Gross Premium

‌‌‍‌‍‍⁠⁠‍⁠‌‌‌⁠‌‌VERITABLE Kapital Assurance Plc has announced a Gross Premium of N23.733 billion for the 2025 financial year, which represents 0.2 per cent growth from 23.694 billion in 2024.Mr Babatunde Irukera, Cha...