Economy – City Business News

December 21, 2025 No Responses

JEX Markets Appoints Ayemhere As MD/CEO

By Moses Ebosele, ebosele@hotmail.com JEX Markets Limited, Nigeria’s energy commodities exchange and market infrastructure company, has announced the appointment of Dr. Blessing Ayemhere as its Managing Director/Chief Executive Officer (MD/CEO), subject to the approval of the Securities and Exchange Commission...

December 20, 2025 No Responses

Nigeria’s Digital Economy Revenue To Exceed $18.30b By 2026

The Managing Director/CEO, Arthur Stevens Asset Management Limited, Mr. Olatunde Amolegbehas projected that Nigeria’s digital economy revenue will reach $18.30 billion by 2026, as against $5.09 billion in 2019 and $9.97 billion in 2021.Delivering the keynote...

December 19, 2025 No Responses

UBA Partners CIG Motors On $100m Vehicle Financing Scheme

United Bank for Africa (UBA) Plc has unveiled $100 million vehicle finance scheme in collaboration with CIG Motors, Lagride and Lagos State.The initiative is designed to ease the financial burden of purchasing vehicles by offering affordable loan options with ...

December 19, 2025 No Responses

CSCS Appoints Shehu Shantali As New CEO

By ebosele@hotmail.com The Central Securities Clearing System Plc (CSCS) has announced the appointment of Mr. Shehu Yahaya Shantali as its new Chief Executive Officer, effective January 1, 2026, subject to the receipt of regulatory no-objection.City Business N...

December 17, 2025 No Responses

Ministry Launches ECMS, Deepens Digital Reform Drive

.The Federal Ministry of Marine and Blue Economy on Wednesday launched its Enterprise Content Management System (ECMS), marking a significant milestone in the Ministry’s ongoing digital transformation and institutional reform agenda.The ECMS was jointly unve...

December 17, 2025 No Responses

NCS To Sanction Banks Over Delayed Customs Revenue Remittance

The Nigeria Customs Service (NCS) has raised concern over delays in the remittance of Customs revenue by some Designated Banks after reconciliation of collections processed through the B’odogwu platform, describing the practice as a breach of remittance obli...

December 17, 2025 No Responses

Nigeria Assures Auto Industry As NAIDP Moves Closer To Reality

By Moses Ebosele, ebosele@hotmail.com. — Indications have emerged that the long-awaited National Auto Industry Development Policy (NAIDP) may soon take effect, following the approval of the Nigeria Industry Policy (NIP) by the Federal Executive Council (...

December 16, 2025 No Responses

Carloha Nigeria Unveils End-of-Year Promo With Cash Tower Challenge

By ebosele@hotmail.com Carloha Nigeria has kicked off the festive season with the launch of its much-anticipated End-of-Year Promo, offering customers and automotive enthusiasts an exciting blend of rewards, entertainment and premium vehicle ownership.The prom...

December 16, 2025 No Responses

NPA Attains 1,085% Rise In Export Containers In Q3

By ebosele@hotmail.com. — The Nigerian Ports Authority (NPA) has delivered one of its strongest quarterly performances in recent years, recording a dramatic 1,085 per cent surge in export-laden containers as total cargo throughput rose to 33.52 million m...

December 15, 2025 No Responses

NLNG Gets New MD

NLNG Bids Farewell to Mshelbila as Falade Appointed New Managing DirectorNigeria LNG Limited (NLNG) has held a symbolic sendoff ceremony in Abuja to mark the end of the tenure of its Managing Director and Chief Executive Officer, Mr Philip Mshelbila,...

December 14, 2025 No Responses

Stakeholders Task Regulators On ISA 2025 Implementation

President of the Independent Shareholders Association of Nigeria (ISAN), Moses Igbrude, has emphasised the need for efficient and impartial implementation of the Investments and Securities Act (ISA) 2025 to drive sustainable growth in the nation’s capital ma...

December 12, 2025 No Responses

NUPRC issues 28 Permits For Flare Gas Utilisation, Projects $2b Investments, 100,000 jobs

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued Permits to Access Flare Gas to 28 successful awardees under the Nigerian Gas Flare Commercialisation Programme (NGFCP), marking a pivotal shift from environmental liability to economic op...

December 12, 2025 No Responses

OGFZA Secures $24b Investments, Seeks 10-Year Tax Exemption For Free Zone Operators

By Moses Ebosele, ebosele@hotmail.com The Oil and Gas Free Zones Authority (OGFZA) has disclosed that it has attracted more than $24 billion in investments into Nigeria—an achievement that reinforces the strategic importance of the country’s free zones to ...

December 10, 2025 No Responses

United Nigeria’s Maiden Commercial Flight Arrives in Ekiti

United Nigeria Airlines marked a historic milestone December 10, 2025, as flight UN05622 successfully landed at the Ekiti Agro-Allied International Airport in Ado-Ekiti, becoming the first-ever commercial flight to touch down at the state’s new airport.The f...