Economy – City Business News

September 18, 2025 No Responses

Shuaibu Celebrates Newly Promoted FOU Zone ‘A’ Officers

The Comptroller, Federal Operations Unit (FOU) Zone A, Mohammed Shuaibu, has charged newly promoted officers of the unit to wear their new ranks with humility and serve with integrity.Speaking at the decoration ceremony in Ikeja-Lagos on Wednesday.Shuaibu congratulated the 186...

September 16, 2025 No Responses

NNPCL Boss Seeks Stronger African Collaboration To Achieve Energy Security

The Group Chief Executive Officer of Nigeria National Petroleum Corporation (NNPC Limited), Engr. Bashir Bayo Ojulari, has reaffirmed Nigeria’s commitment to partnering with other African nations to achieve sustainable energy security across the continent.Oj...

September 16, 2025 No Responses

Carloha Unveils Tiggo 9 SUV, Reaffirms 6-6-7 Initiative

The sensational Chery Tiggo 9 Sports Utility Vehicle (SUV) has officially settled in Nigeria.Unveiling the SUV at a colourful ceremony in Lagos at the weekend,Carloha Nigeria reaffirmed its commitment to redefining vehicle ownership in Nigeria with CarlohaCare...

September 16, 2025 No Responses

DMO Allots N3.05b FGN Bond

The Debt Management Office (DMO) has announced the allotment of the September 2025 FGN Savings Bonds totaling ₦3.05 billion across the two-year and three-year tenors.The bonds were issued at ₦1,000 per unit, with a minimum subscription requirement of ₦5,...

September 15, 2025 No Responses

SEC Harps On Gradual Implementation Of ISSB Standards

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has disclosed that the Commission is considering a gradual implementation of the global sustainability disclosure standards developed by the International Organisation o...

September 14, 2025 No Responses

Methane Emissions: NLNG Seeks Industry-Wide Action

NLNG is intensifying its drive to reduce methane emissions by embedding prevention measures into its facility design, upgrading existing assets, and commissioning new technologies, the Managing Director and Chief Executive Officer, Philip Mshelbila, has said.S...

September 14, 2025 No Responses

NLNG Secures New Gas Deals

NIGERIA LNG (NLNG) has secured a strategic shift toward third-party gas sourcing to sustain production and meet growing energy demands across Africa and global markets.Mr Nnamdi Anowi, General Manager, Production, NLNG, disclosed this while addressing a Focuss...

September 14, 2025 No Responses

Nigeria Takes IMO Council Campaign To New York, Courts African UN Envoys

Photo Caption: Minister of Marine and Blue Economy, Adegboyega Oyetola, CON (2nd left), Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola (right) and some African Permanent Representatives to the United Nations, ...

September 13, 2025 No Responses

Clarifying Role Of Market Players In Nigeria’s Downstream Petroleum Sector By Olufemi A. Adewole

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has watched with dismay the unfolding tensions between the Dangote Petroleum Refinery and the National Union of Petroleum and Natural Gas Workers (NUPENG).While the matter may not dire...

September 12, 2025 No Responses

FIRS, CBN, NEXIM, UBA, NDIC Back 2025 FICAN Conference

The 2025 Conference of the Finance Correspondents Association of Nigeria (FICAN) has received strong backing from key financial institutions and regulators, underscoring its significance as a platform for shaping discourse on Nigeria’s digital economy.Among ...

September 12, 2025 No Responses

Wema Bank Completes N150b Rights Issue, Secures SEC, CBN Approval

WEMA Bank Plc has completed its N150 billion Rights Issue, securing approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).In a statement on Thursday, the bank explained that the Rights Issue, which opened on...

September 11, 2025 No Responses

Nigeria Targets $60b Gas Expansion

Nigeria is targeting $60billion investments over the next five to seven years to expand gas infrastructure, Mr Bayo Ojulari, Group Chief Executive Officer, the Nigerian National Petroleum Company Limited (NNPCL) has disclosed.Addressing a global audience from ...

September 11, 2025 No Responses

New Apapa Customs CAC Attains ₦20.1b Revenue First Day In Office

Barely 24 hours after he assumed office, the new Customs Area Controller (CAC) of Apapa Port Command, Comptroller Emmanuel Oshoba has attained a new revenue collection of ₦20,156,077,098.56., as against the previous record of ₦18 billion.Oshoba attributes ...

September 10, 2025 No Responses

Jetour X70 Plug-In Hybrid Electric Vehicle Boosts Fuel Efficiency, Promotes Green Energy

In this era where motorists are very concerned about fuel efficiency, Jetour is one brand that many auto enthusiasts worry little about because the models are built to deliver more power and torque with as little fuel as possible.This is...