Economy – City Business News

March 17, 2026 No Responses

Nigeria Seals £746m UK Deal To Boost Port Infrastructure

The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, is to sign £746 million financing agreement with the United Kingdom for the modernisation of Nigeria’s seaport infrastructure.The historic financing arrangement, secured with the backing of UK Export Finance (UKEF),...

March 17, 2026 No Responses

Popoola In London, Highlights Nigeria’s Capital Market Re-rating

The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group (NGX Group), Temi Popoola, has said Nigeria’s capital market is undergoing a re-rating as global investors begin to reassess the country’s economic trajectory and investment pot...

March 16, 2026 No Responses

Tinubu Swears In Taiwo Oyedele As Minister Of State For Finance

President Bola Tinubu on Monday swore in Mr. Taiwo Oyedele, the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, as Minister of State for Finance, extolling his determination and dedication to duty.President Tinubu, who spoke after the....

March 16, 2026 No Responses

Nigeria’s Stock Market Crosses 200,000 Points, Market Cap Hits ₦129.33trn

Nigeria’s equities market reached a historic milestone on Monday as the Nigerian Exchange Limited All-Share Index (ASI) crossed the 200,000-point mark, buoyed by strong investor demand and gains across major sectors of the market.The benchmark index climbed ...

March 16, 2026 No Responses

NGX Group CEO:Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation

The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group Plc, Temi Popoola, has said Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the country for deeper global investment partne...

March 16, 2026 No Responses

SCAN Urges Adequate Structures Ahead Of National Single Window Rollout

As Nigeria prepares for the planned rollout of the National Single Window (NSW) on March 27, 2026, the Shipping Correspondents Association of Nigeria (SCAN) has called on the Federal Government and all relevant stakeholders to ensure that all necessary structu...

March 15, 2026 No Responses

NAJA Seeks Sustained Crude Oil Supply To Local Refineries

The Nigeria Auto Journalists Association (NAJA) has called on President Bola Ahmed Tinubu to prioritise the direct supply of crude oil to domestic refineries, particularly the Dangote Refinery, as part of urgent measures to mitigate the rising cost of petrol.....

March 13, 2026 No Responses

Tinubu Approves Presidential Taskforce On Petroleum Sector Reforms

President Bola Ahmed Tinubu has approved the establishment of a Presidential Petroleum Reform and Value Optimisation Taskforce to design and coordinate the next phase of structural reforms in Nigeria’s petroleum sector.The President appointed Fola Adeola, co...

March 13, 2026 No Responses

NPA Port Modernisation, NSW As Catalysts For Economic Growth

The maritime sector in Nigeria, the gateway through which over 80 per cent of the nation’s international trade flows, is undergoing a sweeping transformation, which is being midwifed by the Managing Director of the Nigerian Ports Authority, Dr. Abubakar Dant...

March 11, 2026 No Responses

Tinubu nominates Lamido Abubakar Yuguda As CBN Deputy Governor

President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria, subject to confirmation by the Senate.The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria...

March 11, 2026 No Responses

NADDC, NMDPRA Strengthen Partnership

The National Automotive Design and Development Council (NADDC) on Tuesday paid a courtesy visit to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) headquarters in Abuja as part of efforts to strengthen collaboration aimed at advan...

March 11, 2026 No Responses

SEC Unveils First Regulator–FinTech Clinic To Strengthen Innovation, Investor Protection

The Securities and Exchange Commission (SEC) has launched its inaugural Regulator–FinTech Clinic as part of efforts to deepen engagement with Nigeria’s rapidly expanding financial technology ecosystem while promoting regulatory compliance and investor prot...

March 10, 2026 No Responses

Customs Commissions Data Analytics Centre At Apapa Port

The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, has commissioned a Data Analytics Centre and inspected a newly installed Drive-Through Scanner at Apapa Port as part of efforts to enhance intelligence-driven operations and ...

March 10, 2026 No Responses

NSIB DG Engages Workforce On Welfare, Operations

The Director General and Chief Executive Officer of the Nigerian Safety Investigation Bureau, Captain Alex Badeh Jr. has concluded a town hall meeting with staff and members of the management team at the Bureau’s auditorium in Abuja.The session brought toget...