Economy – City Business News

April 16, 2026 No Responses

Oyo/Osun Customs Visit International Breweries, Urge Compliance

As part of ongoing efforts to deepen collaboration with excise factories and key stakeholders, the Acting Customs Area Controller, Oyo/Osun Area Command, Wale Moses Adewole, on Tuesday, April 14, 2026, paid a courtesy visit to International Breweries Plc in Ilesa,...

April 15, 2026 No Responses

Pressure Mounts On World Bank To Halt Factory Farming Funding

By Moses Ebosele, ebosele@hotmail.com More than 30 civil society organisations have urged the World Bank Group to halt financing for industrial livestock production and redirect investments toward sustainable, small-scale food systems that safeguard people, an...

April 14, 2026 No Responses

Shippers’ Council Meets Stakeholders, Insists On Engagement Before Tariff Rollout

The Nigerian Shippers’ Council (NSC) on Tuesday convened a meeting with shipping companies, freight forwarders, importers, and exporters, emphasizing the need for broad stakeholder engagement before implementing the proposed tariff increase.Speaking at a one...

April 13, 2026 No Responses

Single Window Failures Stall Cargo Flow; Port Gridlock Looms

Operational disruptions linked to persistent glitches in the National Single Window (NSW) platform are slowing cargo clearance across Nigeria’s seaports, with industry stakeholders warning of an imminent congestion crisis if urgent fixes are not implemented....

April 12, 2026 No Responses

Gateway Air Begins Abuja, Port Harcourt, Calabar, Jos, Kano Flights

Ogun State-owned airline, Gateway Air, has announced the commencement of new domestic flight operations aimed at improving connectivity and expanding travel options across Nigeria.The development was disclosed in a statement issued at the weekend by the Specia...

April 11, 2026 No Responses

Nigeria Slashes Duties On Cars, Palm Oil, Sugar

The Nigerian Government has approved the implementation of the 2026 Fiscal Policy Measures (FPM), introducing sweeping tariff reductions on key imports, including vehicles, crude palm oil, and sugar.The new measures, contained in a circular dated April 1, 2026...

April 11, 2026 No Responses

Nigeria Reduces Crude Palm Oil Import Duty To 28.75%

By ebosele@hotmail.com Nigeria’s crude palm oil market is set for a shift following the Federal Government’s approval of new fiscal policy measures that reduce the import duty on the commodity to 28.75 percent.The revised tariff, announced in a circular da...

April 10, 2026 No Responses

NADDC Rolls Out Framework To Drive Auto Dealer Financing

Registered automobile dealers in Nigeria are set to benefit from improved access to financing and broader business opportunities following the launch of the National Vehicle Dealership Registration Framework by the National Automotive Design and Development Co...

April 10, 2026 No Responses

Photo News

L-R – Executive Secretary, Nigerian Shippers’ Council; Dr. Akutah Pius; Managing Director, Nigerian Ports Authority, Dr. Abubakar Dantsoho, Minister, Ministry of Marine and Blue Economy, Adegboyega Oyetola, Permanent Secretary of the Ministry, Mrs....

April 10, 2026 No Responses

NUPRC, Petroleum Ministry Strengthen Collaboration

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed its commitment to closer collaboration with the Federal Ministry of Petroleum Resources to ensure effective policy implementation and regulatory alignment in the country’s oil and g...

April 10, 2026 No Responses

Nigerian Shippers’ Council, NRS Seek Waivers Over Single Window Delays

The Nigerian Shippers’ Council (NSC) and the Nigeria Revenue Service (NRS) have appealed to shipping companies and terminal operators to grant waivers to importers and clearing agents affected by delays arising from the implementation of the National Single ...

April 10, 2026 No Responses

NADDC Unveils Vehicle Dealership Registration Framework

By ebosele@hotmail.com The National Automotive Design and Development Council (NADDC) is set to unveil the National Vehicle Dealership Registration Framework today, April 10, 2026, in Abuja.City Business News reports that the initiative is aimed at driving tra...

April 10, 2026 No Responses

Elumelu Welcomes 720 UBA Graduate Trainees, Confirms 300 Contract Staff As Full Employees

Chairman of United Bank for Africa, Tony Elumelu, on Thursday addressed 720 graduate trainees drawn from Cohorts 19 and 20 of the bank’s Graduate Management Acceleration Programme (GMAP) from across Africa.Speaking during the engagement, Elumelu said the pro...

April 9, 2026 No Responses

FG Inaugurates Committee To Review $200bn Gas, Power, Rail Project

The Federal Government (FG) through the Secretary to the Government of the Federation, Sen. George Akume, has inaugurated a high-level technical committee to critically review the proposed $200 billion Integrated Gas, Power and High-Speed Rail Project.In his r...