Business – Page 5 – City Business News

February 4, 2026 No Responses

ABC Transport Declares₦16.31b In 2025

For the year ended December 31, 2025, ABC Transport Plc has declared consolidated gross profit of ₦1.4 billion, a significant increase from ₦634 million recorded in 2024, representing a growth of 121 per cent.City Business News reports that the Group’s...

February 3, 2026 No Responses

NCS Harps On Border Modernisation Agenda At WCO 2026 Conference

The Nigeria Customs Service (NCS) has reaffirmed its commitment to technology-driven border management and strengthened international cooperation as the 2026 World Customs Organisation (WCO) Technology Conference and Exhibition commenced on Wednesday, January ...

February 3, 2026 No Responses

NCDMB Pushes Local Content Beyond Compliance At Energy Summit 2026

By ebosele@hotmail.com. – The Nigerian Content Development and Monitoring Board (NCDMB) has called for a shift from compliance-driven local content implementation to a more strategic approach aimed at building African industrial champions, as the 2026 Ni...

February 2, 2026 No Responses

Nigeria Prizes Turn Spotlight On AI, Poetry, Documentary Storytelling

The Nigeria Prizes competition officially kicked off on Sunday with Call for Entries for the 2026 cycle.This year’s edition focuses on Artificial Intelligence and Information and Communication Technology (ICT) for The Nigeria Prize for Science and Innovation...

February 2, 2026 No Responses

2026: Arthur Steven Projects 45.9% Gain for Nigerian Equities

The Managing Director of Arthur Steven Asset Management Limited and former president of Chartered Institute of Stockbrokers (CIS), Mr. Olatunde Amolegbe, has projected a 45.9 per cent return for Nigerian equities in the 2026 financial year, citing improving ma...

February 2, 2026 No Responses

Ardova Rolls Out AP SuperMax

Ardova Plc has introduced a new lubricant product, AP SuperMax Motor Oil, designed to address the rising demand for affordable and reliable engine oil among users of generators, motorcycles, public transport vehicles and older engines across Nigeria.The produc...

February 1, 2026 No Responses

Nigeria, South Korea’s AEDC Sign EV Manufacturing Plant MoU

In a major step toward positioning Nigeria as a global automotive manufacturing hub, the Federal Government has signed a Memorandum of Understanding (MoU) with South Korea’s Asia Economic Development Committee (AEDC) for the establishment of an Electric Vehi...

February 1, 2026 No Responses

Customs, EFCC Step Up Joint Efforts Against Financial Crimes

The Nigeria Customs Service (NCS), Zone ‘A’ Headquarters, Lagos, has intensified its commitment to inter-agency collaboration following a courtesy visit by senior officials of the Economic and Financial Crimes Commission (EFCC), aimed at strengthening the ...

January 31, 2026 No Responses

Achievers University Admits 950 New Students

By ebosele@hotmail.com. – Achievers University, Owo, Ondo State, has reaffirmed its zero-tolerance policy against drug use, abuse and other social vices, warning that any student found culpable will face outright expulsion.The Pro-Chancellor and Chairman...

January 30, 2026 No Responses

NCAA, UK DfT Conclude Joint Aviation Security Assessment

The Nigeria Civil Aviation Authority (NCAA), in collaboration with the United Kingdom Department for Transport (UK DfT), has concluded a three-day Joint Aviation Security Vulnerability Assessment aimed at strengthening Nigeria’s aviation security architectur...

January 30, 2026 No Responses

Dantsoho: We Are Rebuilding Nigerian Ports To International Standards

In this interview with Ports & Harbors, the official magazine of the International Association of Ports and Harbors (IAPH), the Managing Director and Chief Executive Officer of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho—recently appointed ...

January 30, 2026 No Responses

NADDC, BPP Move To Enforce Nigeria First Policy In Auto Sector

By ebosele@hotmail.com. – The Director-General of the Bureau of Public Procurement (BPP), Dr. Adebowale, on January 28, 2026, briefed automotive assemblers on the Federal Government’s Nigeria First Policy, a strategic initiative designed to drive econo...

January 30, 2026 No Responses

How NIWA Secured ₦14.6b For Boat Procurement, By Oyebamiji

Former Managing Director of the National Inland Waterways Authority (NIWA), Mr. Bola Oyebamiji, has disclosed that the Federal Government approved about ₦14.6 billion for the procurement of modern boats and ferries to strengthen safety, trade and passenger t...

January 29, 2026 one Response

Lagos, Hong Kong PPP Bodies Seal Infrastructure MoU

The Lagos State Office of Public-Private Partnerships (OPPP) has signed a two-year Memorandum of Understanding (MoU) with the Institution of Public-Private Partnerships Hong Kong (IPPP HK), marking a major step towards strengthening international collaboration...