Business – Page 99 – City Business News

July 23, 2025 No Responses

Dangote: Africa Losing $90b Annually To Imported Substandard Fuel

Africa is increasingly becoming a destination for cheap, often toxic petroleum products — many of which are blended to substandard levels that would not be permitted in Europe or North America. This concern was raised by the President/Chief Executive, Dangote...

July 23, 2025 No Responses

Popoola, Fasua, Others Seek Unified Action On Capital Formation

Market leaders, policymakers, and government representatives have called for unified action to strengthen Nigeria’s capital market and accelerate capital formation as a pathway to national growth. Speaking at the 2025 Chartered Institute of Stockbroker...

July 23, 2025 one Response

CSCS UNVEILS CUSTODIAN PORTAL TO ENHANCE OPERATIONAL EFFICIENCY

Central Securities Clearing System Plc (CSCS) has announced the official launch of its Custodian Portal, a user-centric digital solution designed to optimize custodian operations through intuitive, secure, and efficient features.The Custodian Portal offers ...

July 22, 2025 No Responses

ABC Transport Institute Graduates 136 As Professional Truck Drivers

There was a burst of applause recently at the graduation ceremony organised by ABC Transport PLC’s Driver Training Academy (DTA) in Owerri, when guests were informed that among those about to be certified professional truck drivers were three ladies, thr...

July 22, 2025 No Responses

NCS To Scrap 7% Surcharge, Others, Finetunes B’odogwu

The Nigeria Customs Service (NCS) on Monday in Lagos announced plans by the Federal Government to reduce cost of importation with the scrapping of 7 percent surcharge and 1 percent Comprehensive Import Supervision Scheme (CISS).According to theComptroller Gene...

July 21, 2025 No Responses

SON Lauds Tinubu For Appointing Inuwa As Governing Council Chairman

The Standards Organisation of Nigeria (SON) has commended the Federal government over the appointment of Yahuza Ado Inuwa as Chairman, Governing Council of the Organisation. In a statement by the Management of SON, the Standards Body applauded the decision of....

July 21, 2025 one Response

SAGLEV EV MHERO SUV Debuts In Nigeria

Electric Vehicle Manufacturing firm, SAGLEV Electromobility Company Limited has unveiled its flagship full-size luxury EV, the MHERO 917. Speaking at the colourful ceremony in Lagos last Thursday in Lagos, Dr Olugbenga Faleye, the Chief Execut...

July 21, 2025 No Responses

SEC Nigeria To Introduce USSD Codes For Verifying Operators

As part of measures to curb the activities of unregistered investment operators and protecting investors from fraudulent schemes, the Securities and Exchange Commission (SEC) is set to introduce a dedicated Unstructured Supplementary Service Data (USSD) code s...

July 20, 2025 No Responses

NDDC Reiterates Commitment To Development Of Niger Delta

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has reaffirmed the commitment of the Commission to the holistic development of the Niger Delta region. Ogbuku stated this when he hosted a delegation from the Isoko...

July 20, 2025 No Responses

EFCC Seeks Support Against Naira Abuse

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called on critical stakeholders in the anti-graft war to join hands with the Commission in tackling the menace of naira abuse in the country. He appealed...

July 19, 2025 No Responses

Nigeria Issues Alert On Dengue Fever, Cholera, Mpox, Diphtheria Outbreaks

The Nigerian Government has issued an alert warning Nigerians of the outbreak of infectious diseases across the country. Issuing the warning on Friday via its website, the Nigeria Centre for Disease Control and Prevention (NCDC) confirmed the widespread outbre...

July 19, 2025 No Responses

Customs, SON, NADDC, NAMA Set For 2025 Nigeria’s Auto Summit

Regulatory agencies have reaffirmed their readiness for the upcoming 2025 Nigerian Auto Industry Summit (NAISU), being organised by the Nigeria Auto Journalists Association (NAJA) in conjunction with the National Automotive Design and Development Council (NADD...

July 19, 2025 No Responses

Customs FOU ‘A’ Intercepts N1.78b Contrabands

The Nigeria Customs Service (NCS), Federal Operations Unit, Zone ‘A’, Lagos in collaboration with Operation Whirlwind on Friday disclosed that it has intercepted contrabands valued at N1.7billion. Briefing Journalists, the Comptr...

July 18, 2025 No Responses

NIMC Registers 122m Nigerians

The National Identity Management Commission (NIMC) has registered over 122 million Nigerians in the National Identity Database (NID). Speaking on Thursday in Lagos at the opening of a two-day workshop with members of the Guild of Corporate Onli...