Economy – City Business News

May 5, 2026 No Responses

NADDC, RMRDC Deepen Collaboration to Boost Local Content in Automotive Sector

The National Automotive Design and Development Council (NADDC), led by its Director General, Otunba Oluwemimo Joseph Osanipin, has held a strategic meeting with the Director General of the Raw Materials Research and Development Council (RMRDC), Prof. Nnayelugo Ikemounso, to strengthen...

May 5, 2026 No Responses

NGX Investors Gain N62bn As Buying Interest Lifts Market

The Nigerian equities market commenced the new month on a bullish note on Monday, with investors recording a gain of N62 billion at the close of the first trading session of May.The positive performance was largely driven by renewed buying...

April 30, 2026 No Responses

Tinubu Nominates Tegbe As Minister Of Power

President Bola Ahmed Tinubu has nominated Mr Joseph Olasunkanmi Tegbe as Minister of Power, subject to confirmation by the Senate.The nomination has been transmitted to the Senate for screening and confirmation in accordance with the Constitution.The nominatio...

April 30, 2026 No Responses

Shareholders Applaud NGX Group’s ₦2 Dividend, Bonus Issue

Shareholders of Nigerian Exchange Group Plc (NGX Group) have endorsed the company’s 2025 financial results, with strong emphasis on the approved ₦2.00 per share final dividend and a one-for-three bonus share issue, describing both as clear signals of value...

April 29, 2026 No Responses

Shippers’ Council Seeks Stronger Stakeholder Synergy To Boost Non-Oil Export Growth

The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Pius Akutah, has stressed the need for enhanced collaboration and institutional synergy among stakeholders to accelerate Nigeria’s non-oil export growth.Speaking a...

April 27, 2026 No Responses

Nigerdock Marks 40 Years Of Impactful Growth

By Moses Ebosele,ebosele@hotmail.com Nigerdock has celebrated its 40th anniversary, highlighting four decades of contributions to Nigeria’s maritime and industrial development.Speaking on the milestone, the company’s Chief Executive Officer, Maher Jarmakan...

April 27, 2026 No Responses

Nigeria Moves To Expand Deep Blue Project, Boost Fish Production

Nigeria is set to strengthen its maritime security framework and reduce dependence on fish imports, as the Minister of Marine and Blue Economy, Adegboyega Oyetola, announced plans to expand the Integrated National Security and Waterways Protection Infrastructu...

April 24, 2026 No Responses

NADDC, Pi-CNG/EV Deepen Collaboration To Boost Electric Mobility, CNG

The Director-General, National Automotive Design and Development Council (NADDC), Oluwemimo Joseph Osanipin, on Thursday, received the Executive Chairman of the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG/EV), Barrister Isma...

April 23, 2026 No Responses

Lagos Expands Blue Economy With Electric Ferries, Integrated Mobility Plan

By ebosele@hotmail.com The Lagos State Government has announced an ambitious plan to transform water transportation through the deployment of electric ferries, expansion of inland waterways, and seamless integration with road and rail systems under a five-year...

April 23, 2026 No Responses

NADDC, AfDB Explore Automotive, E-Mobility Drive Partnership

The National Automotive Design and Development Council (NADDC) on Wednesday received a delegation from the African Development Bank Group Nigeria Country Department at its headquarters in Abuja, in a move aimed at strengthening collaboration on automotive deve...

April 23, 2026 No Responses

Nigeria Records 91.4% Aviation Safety Rating As ICAO Concludes Audit

The Nigerian aviation industry has recorded an impressive 91.4% Effective Implementation (EI) score at the just-concluded International Civil Aviation Organization Coordinated Validation Mission (ICVM) held between April 15 and 22, 2026.Speaking during the clo...

April 23, 2026 No Responses

Jetour Nigeria Consolidates Sole Distribution Rights, Bags Global Award

Jetour Nigeria has consolidated its position as the exclusive representative of the Jetour brand in the country following its 2022 appointment by Jetour International.The company said the move to clarify its exclusive status came after its successful hosting o...

April 23, 2026 No Responses

MINISTER TASKS NEW CAC BOARD ON REFORMS, EASE OF DOING BUSINESS

The Board of the Corporate Affairs Commission (CAC) has been inaugurated with a charge for members to prioritize digital innovation, combat illicit financial flows, and simplify processes for masses in Nigeria.The Minister of Industry, Trade and Investment, Dr...

April 22, 2026 No Responses

Nigeria Customs Boss Champions Cross-Border Security At Malaysia Summit

The Nigeria Customs Service (NCS) has reinforced its commitment to international security cooperation as Comptroller-General of Customs, Bashir Adewale Adeniyi, participated in the 19th Defence Services Asia Exhibition and Conference 2026 in Kuala Lumpur, Mala...