Economy – City Business News

March 6, 2026 No Responses

Nigerian Stocks Rebound, Investors Gain N220b

The Nigerian equities market on Thursday rebounded from a one-day slump, adding about N220 billion to investors’ portfolios as buying interest returned to several stocks across key sectors.Market data showed that the market capitalisation rose by 0.18 per cent, increasing...

March 6, 2026 No Responses

Indian Firms Commit $27b Investments In Nigeria

High Commissioner of India, Amb. Abhishek Singh,on Thursday estimated that Indian firms have cumulatively invested around $27 billion in Nigeria.These companies, he said, are active in sectors including pharmaceuticals, power, transmission, manufacturing, hosp...

March 5, 2026 No Responses

Shippers’ Council Urges Dialogue Between Shipping Firms, Clearing Agents Over Tariff Hike Dispute

The Executive Secretary of the Nigerian Shippers’ Council (NSC), Pius Akutah, has called on foreign shipping companies and clearing agents to engage in constructive dialogue to resolve the ongoing dispute over increased charges and tariffs at Nigeria’s...

March 5, 2026 No Responses

Tinubu Announces Resolution of OPL 245 Dispute

President Bola Ahmed Tinubu has announced the successful conclusion of a historic settlement between the Federal Government of Nigeria, Eni, and Nigerian Agip Exploration Limited (NAEL), bringing an end to the long-standing dispute over Oil Prospecting Licence...

March 5, 2026 No Responses

Photo News

The Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso (second from left) flanked by the Deputy Governor (Economic Policy), Central Bank of Nigeria (CBN), Dr. Muhammad Sani Abdullahi, the Executive Secretary, Solid Minerals Development Fund, Hajiya Fa...

March 5, 2026 No Responses

Shippers’ Council Recovers N197b, Resolves 108 Complaints In 2025

The Nigerian Shippers’ Council (NSC) recovered over N197 billion for shippers and port users in 2025, reinforcing its commitment to protecting stakeholders and promoting transparency within the nation’s maritime sector.This was disclosed in the Council’s...

March 5, 2026 No Responses

Presidency Rallies Stakeholders Ahead Of National Single Window Rollout

Key government stakeholders on Wednesday met at the Presidential Villa, Abuja, to review progress and fine-tune strategies ahead of the March 27 launch of Nigeria’s National Single Window (NSW) platform aimed at transforming the country’s trade ecosystem.T...

March 4, 2026 No Responses

Uzoka-Anite Congratulates Oyedele, Pledges Support For Tinubu’s Economic Agenda

The newly appointed Minister of State for Budget and Economic Planning, Doris Uzoka-Anite, has congratulated Taiwo Oyedele on his nomination as Minister of State for Finance, expressing optimism about his confirmation and success in office.Uzoka-Anite, who was...

March 4, 2026 No Responses

Nigerian Ports Attains 24.8 Per Cent Cargo Throughput Growth In 2025

Ports Industry in Nigeria delivered one of its strongest performances on record in 2025, with sweeping gains in cargo volumes, container traffic, vessel size, and transhipment activity, according to the 2025 Operational Performance Report released by the Niger...

March 4, 2026 No Responses

NCDMB Partners Radisson, Edison On Yenagoa Hotel Project

The Nigerian Content Development and Monitoring Board (NCDMB) has signed an international management agreement (IMA) with Radisson Hospitality Belgium, and Edison Hotel and Property Development Company, in respect of the Board’s 204 rooms hotel and conferenc...

March 3, 2026 No Responses

Photo News

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso (left), and the Minister of Finance and Co-ordinating Minister of the Economy, Mr. Wale Edun, after a strategic meeting at the CBN Head Office, Abuja, on Monday, 2nd...

March 3, 2026 No Responses

Tinubu Nominates Oyedele As Minister Of State For Finance

President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as the minister of state for finance, replacing Dr Doris Uzoka-Anite.Uzoka-Anite will now move to the Ministry of Budget and National Planning, as the Minister of State, her third portfolio in...

March 2, 2026 No Responses

Dangote Expands Industrial Footprint With Focus On Steel, Power, Ports

President of Dangote Group, Aliko Dangote, has unveiled plans to expand into steel production, electricity generation and port development as part of a broader ambition to accelerate industrialisation across Africa.Dangote, whose conglomerate spans cement, sug...

March 1, 2026 No Responses

Nigeria Ramps Up Awareness On GMO Seed Safety

THE National Biosafety Management Agency (NBMA) has sensitised farmers and key stakeholders on the safety and benefits of Genetically Modified Organism (GMO) seeds to enhance agricultural productivity and food security.Alhaji Bello Bawa, Director-General of NB...