Economy – City Business News

April 9, 2026 No Responses

Pension assets hit N29.43trn

NIGERIA’S pension assets rose to N29.43 trillion in February, representing a month-on-month increase of N1.39 trillion.This is according to data released by the National Pension Commission (PenCom).The latest figure represents the strongest monthly expansion recorded since the introduction of the...

April 8, 2026 No Responses

Pipeline Security Boosts Nigeria’s Oil Output to 1.71mbpd, Says NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has confirmed a significant recovery in Nigeria’s crude oil output, rising from a historic low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day, with peak...

April 8, 2026 No Responses

NASS Petroleum Committees Affirm Confidence In Tantita, Others

The joint Committees on Petroleum Resources of the National Assembly on Wednesday dismissed three petitions filed against the pipeline surveillance contract, passing a vote of confidence on Tantita Security Services Nigeria Limited, security agencies and the N...

April 8, 2026 No Responses

Nigeria Regains FTSE Frontier Market Status

Nigeria has been restored to Frontier Market status by FTSE Russell, marking a major milestone in the country’s return to global investment indices and signalling fresh opportunities for international investors.The reclassification from “Unclassified” to...

April 8, 2026 No Responses

Customs, PEBEC Align On Strategy To Improve Port Efficiency

The Nigeria Customs Service (NCS), in collaboration with the Presidential Enabling Business Environment Council (PEBEC), has launched a results-driven reform agenda to improve operational efficiency and enhance Nigeria’s trade competitiveness through better-...

April 7, 2026 No Responses

Shippers’ Council Signs 2026 Performance Bond, Lists 2025 Achievements

The Executive Secretary and Chief Executive Officer of Nigerian Shippers’ Council (NSC), Dr. Akutah Pius has signed the Council’s 2026 Sectorial Performance Bond at the just concluded stakeholder’s’ engagement in Lagos.The signing of the 2026 performan...

April 6, 2026 No Responses

Shippers’ Council Reaffirms Commitment To ICTN Rollout

The Nigerian Shippers’ Council (NSC) has reaffirmed its resolve to fully implement the International Cargo Tracking Note (ICTN), assuring stakeholders that concrete steps are being taken to ensure a smooth and sustainable rollout.Speaking at the 2026 First Q...

April 5, 2026 No Responses

Tinubu Approves ₦3.3trn Power Sector Debt Settlement

President Bola Ahmed Tinubu has approved a comprehensive payment plan to settle longstanding debts in Nigeria’s power sector, marking a major step toward stabilising electricity supply across the country.The initiative, implemented under the Presidential Pow...

April 3, 2026 No Responses

Tinubu To Commission Gateway Airport, State Airline, Customs Facility

President Bola Tinubu will, on Saturday, April 4, 2026 embark on an official visit to Ogun State for the commissioning of major infrastructure projects, including the Gateway International Airport in Iperu.The airport, described as an ambitious initiative, is ...

April 3, 2026 No Responses

Edun Commends NUPRC As Oil Production Hits 1.84mbpd, Urges Push To 2mbpd

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for steering Nigeria’s petroleum sector to a production level of 1.84 million barrels per day.Edun gave t...

April 2, 2026 No Responses

NADDC Hosts Earthoc Energy, Explores Clean Energy Partnership

The National Automotive Design and Development Council (NADDC), on Thursday received a delegation from Earthoc Energy Limited at the Council’s Headquarters in Abuja, to discuss progress and partnership opportunities in advancing Nigeria’s clean energy ...

April 2, 2026 No Responses

Pi-CNG Partners FRSC On CNG, EV Adoption, Safety

By ebosele@hotmail.com The Executive Chairman of the Presidential Initiative on Compressed Natural Gas (Pi-CNG), Ismaeel Ahmed, has announced a strategic collaboration with the Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed, aimed at adv...

April 2, 2026 No Responses

Oyetola: National Shipping Carrier Project Records Major Milestone

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced significant progress toward the refloating of a national shipping carrier, marking a major step in strengthening Nigeria’s maritime industry.Oyetola made the disclosure on Thursday du...

March 31, 2026 No Responses

LAMATA MD Showcases Lagos’ Strategic Transit Vision

The Lagos Metropolitan Area Transport Authority (LAMATA) took center stage at the EU-Africa Business Summit, as its Managing Director, Engr. Mrs. Abimbola Akinajo spotlighted the agency’s over 20-year journey in transforming urban mobility in Lagos.Speaking ...