City BusinessNews – City Business News

January 13, 2026 No Responses

Customs Unveils New Standard Procedure For Courier Operations

The Nigeria Customs Service (NCS) has announced the commencement of a new Standard Operating Procedure (SOP) for regulating courier companies operating under the Delivered Duty Paid (DDP) Incoterm.The Service said the SOP provides a unified framework covering registration, manifest submission,...

January 12, 2026 No Responses

Oyetola Renews Call For Ban On Wooden Boats

The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola has renewed his call on state governments across the federation to urgently ban the use of wooden boats for commercial water transportation and instead invest in safer, modern fibre and...

January 12, 2026 No Responses

Nigeria Drives Digital Reform In Vehicle Import Clearance

By Moses Eboseleebosele@hotmail.com For decades, clearing imported vehicles in Nigeria followed a familiar — and notoriously winding — path: towering stacks of paperwork, long queues at port terminals, frantic phone calls to clearing agents, and the anxiet...

January 11, 2026 No Responses

Umahi: Lagos–Calabar Coastal Highway To Be Tolled Immediately After Completion

The Lagos–Calabar Coastal Highway will be tolled immediately it is completed and inaugurated, the Minister of Works, Senator Dave Umahi, has said.Umahi said this on Saturday in Lagos during an inspection tour of the ongoing highway project, stressing that to...

January 10, 2026 No Responses

TotalEnergies, Eni, QatarEnergy Seal Exploration Deal

TotalEnergies, in partnership with Eni and QatarEnergy, has signed an agreement with the Lebanese government to commence exploration activities in offshore Block 8.Under the initial work programme, the consortium will undertake the acquisition of a 1,200-kilom...

January 10, 2026 No Responses

NAJA Names Osanipin, Ajayi 2025 Auto Personalities

The Nigeria Auto Journalists’ Association (NAJA) has conferred its prestigious Auto Personality of the Year awards on two outstanding figures from the public and private sectors.The recognition took place at the 18th NAJA International Auto Awards, held at t...

January 9, 2026 No Responses

Lagos Assembly Okays ₦4.44tri Budget For 2026

The Lagos State House of Assembly has passed a ₦4.44 trillion budget for the 2026 fiscal year, approving the report of the House Committee on Economic Planning and Budget.Presenting the report during plenary on Thursday, the committee chairman, Mr Sa’ad...

January 8, 2026 No Responses

Customs Introduces Waiver Framework For Imported Personal Vehicles

By ebosele@hotmail.com. – The Nigeria Customs Service (NCS) has announced the commencement of procedures for granting safe passage to personal vehicles temporarily imported into or transiting through Nigeria by international travellers.City Business News...

January 7, 2026 No Responses

UN Seeks Stronger Protection Of Civilians, Schools In Nigeria

The United Nations Resident and Humanitarian Coordinator in Nigeria, Mohamed Malick Fall, has called for stronger protection of civilians, civilian spaces, and schools following a spate of violent attacks in Niger State and other parts of the country.In a stat...

January 7, 2026 No Responses

Budget Office Explains Repeal, Re-enactment Of 2024, 2025 Appropriation Acts

By ebosele@hotmail.com. – The Budget Office of the Federation (BOF) has dismissed claims that the repeal and re-enactment of the 2024 and 2025 Appropriation Acts amounted to a constitutional breach or fiscal illegality, insisting that the process is firm...

January 6, 2026 No Responses

FirstBank Meets CBN’s ₦500b Capital Requirement

By ebosele@hotmail.com. — First HoldCo Plc has announced that its commercial banking subsidiary, First Bank of Nigeria Limited (FirstBank), has successfully met the Central Bank of Nigeria’s (CBN) minimum capital requirement of ₦500 billion.The miles...

January 6, 2026 No Responses

Bayelsa Mourns Senator Brambaifa

Governor of Bayelsa State, Senator Douye Diri, has expressed sadness over the demise of Senator John Kojo Brambaifa.The former Bayelsa West Senatorial District representative in the 5th National Assembly between 2003 and 2007 died on Saturday in a hospital in....

January 5, 2026 No Responses

NDDC Reaffirms Commitment To Complete Okochiri Reclamation, Nonwa–Uedeme–Ogu Road Projects

By ebosele@hotmail.com. – The Niger Delta Development Commission (NDDC) has reaffirmed its commitment to completing the sand-filling and reclamation project in Okochiri, Okrika Local Government Area, as well as the 4.5-kilometre Nonwa–Uedeme–Ogu Road...

January 4, 2026 No Responses

Resident Doctors To Resume Strike January 12

THE Nigerian Association of Resident Doctors (NARD) has announced plans to resume its Total Industrial and Clinical Services (TICS) 2.0 nationwide from January 12, 2026, following the outcome of its Emergency National Executive Council (E-NEC) meeting held on ...