Tag: City BusinessNews

Lagos Seeks Partnership To Tackle Coastal Erosion
May 21, 2025 No Responses

Lagos Seeks Partnership To Tackle Coastal Erosion

As part of proactive measures to address the growing threat of coastal erosion in Lagos State, the Commissioner for Waterfront Infrastructure Development, Hon. Ekundayo Alebiosu, has announced plans to further scale up the deployment of Groyne technology, a proven coastal...
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Innoson: Nigeria-First Policy Can Aid Local Industries, Attract Investments 
May 21, 2025 No Responses

Innoson: Nigeria-First Policy Can Aid Local Industries, Attract Investments 

Founder of Innoson Vehicle Manufacturing (IVM), Innocent Chukwuma, has expressed optimism that the Federal Government’s newly approved Nigeria-First policy will revitalise struggling local industries and attract global investors to Nigeria’s manufacturing ...
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Nigeria, Benin Unveil  SIGMAT To Check smuggling, Fraud 
May 20, 2025 No Responses

Nigeria, Benin Unveil  SIGMAT To Check smuggling, Fraud 

The Nigeria Customs Service (NCS)  and the Customs Administration of Benin Republic on Monday unveiled a technological innovation, SIGMAT aimed at checking smuggling and other trade malpractices on the Nigeria-West Africa trade corridor. At  a ceremo...
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NCS Harps On Renewable Energy Import Process, Unveils Handbook
May 20, 2025 No Responses

NCS Harps On Renewable Energy Import Process, Unveils Handbook

The Nigeria Customs Service (NCS) has reiterated it’s commitment to facilitating trade in renewable energy equipment. The Comptroller General of Customs (CGC), Adewale Adeniyi made the pledge on Monday during the NCS 2025 Trade Facilitation Stakeholder Consu...
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Supreme Court Affirms Judgment Debt Against Fidelity Bank
May 20, 2025 No Responses

Supreme Court Affirms Judgment Debt Against Fidelity Bank

The Supreme Court of Nigeria has upheld the rulings of both the High Court and the Court of Appeal in a protracted legal dispute between Fidelity Bank Plc and Sagecom Concepts Limited, an Ibadan-based firm. With this final judgement on...
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Seplat Energy Explains $1.116b Revenue, 11million Man Hours Without Injury
May 19, 2025 No Responses

Seplat Energy Explains $1.116b Revenue, 11million Man Hours Without Injury

The business performance of Seplat Energy Plc, for 2024 full-year met and exceeded the expectation of the Board of Directors, the Chairman, Senator Udoma Udo Udoma, has said.  Udoma said this on the sidelines of the company’s 12th Annual General Me...
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China To Build Electric Vehicles Factories In Nigeria
May 19, 2025 No Responses

China To Build Electric Vehicles Factories In Nigeria

The Chinese Ambassador to Nigeria, Yu Dunhai, has reaffirmed China’s commitment to deepening bilateral cooperation with Nigeria, particularly in the solid minerals sector, through the establishment of electric vehicle (EV) factories and increased industrial ...
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NDLEA Nabs 80-Year-Old Man With 2.3kg Illicit Drugs
May 19, 2025 No Responses

NDLEA Nabs 80-Year-Old Man With 2.3kg Illicit Drugs

The National Drug Law Enforcement Agency (NDLEA) has arrested 80-year-old Man, Ayuba Ashiru over the possession of 2.3 kilogrammes of skunk packaged in nylons and papers for retail. In a statement on Sunday, NDLEA spokesperson, Femi Babafemi, said Ashiru was.....
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NDDC Conducts Computer Tests For 6,000 Scholarship Applicants
May 18, 2025 No Responses

NDDC Conducts Computer Tests For 6,000 Scholarship Applicants

The Niger Delta Development Commission, NDDC, has conducted a Computer-Based Test, CBT, for 6,000 applicants from the nine Niger Delta states for its Foreign Postgraduate Scholarship programme.   Speaking at the Information and Communication Technolo...
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Boat Accident Claims 27 Lives In Kwara
May 18, 2025 No Responses

Boat Accident Claims 27 Lives In Kwara

A boat mishap has claimed the lives of at least 27 people in the Gbajibo community in the Kaiama Local Government Area of Kwara State. The tragedy occurred barely seven months after a similar incident claimed the lives of 100...
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FG, States, LGs Share ₦1.681trillion
May 17, 2025 No Responses

FG, States, LGs Share ₦1.681trillion

The sum of ₦1.681 trillion, being April 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.  The revenue was shared at the May 2025 Federation Account Allocation Committee (FAAC) meeting ...
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Customs FOU ‘A’ Impounds N1.5b Contraband 
May 17, 2025 No Responses

Customs FOU ‘A’ Impounds N1.5b Contraband 

By Moses Ebosele, ebosele@hotmail.com – The Federal Operations Unit (FOU), Zone A, Ikeja, under the leadership of Comptroller Mohammed Shuaibu, has impounded goods valued at over N1.5 billion.  In his maiden press briefing on Friday, Comptroller S...
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EFCC Arraigns Businessman Over Alleged N24m Fraud
May 17, 2025 No Responses

EFCC Arraigns Businessman Over Alleged N24m Fraud

The Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has arraigned a businessman, Oviri Oghenebrume Believe and his company, Grant Impex Nig. Ltd before Justice H. A. Nganjiwa of the Federal High Court, sitting in Warri, Delta...
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Ease Of Doing Business: NPA Moves To Sanitize Ports Corridor
May 16, 2025 No Responses

Ease Of Doing Business: NPA Moves To Sanitize Ports Corridor

Determined to clear the port corridor of congestion, eliminate security threats, and environmental hazards which have long plagued the Nigerian ports, the Management of Nigerian Ports Authority (NPA), in collaboration with the Lagos State Government and releva...
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