Economy – Page 14 – City Business News

January 6, 2026 No Responses

SIFAX Group Unveils Growth Plan For 2026

By ebosele@hotmail.com SIFAX Group has kicked off the 2026 business year with a bold declaration of intent, unveiling an innovation-led growth strategy designed to strengthen operations, deepen technology adoption and expand its footprint across West Africa.The Chairman of the Group,...

January 5, 2026 No Responses

NGX Market Capitalisation Attains ₦100 Trillion Milestone

Nigerian Exchange (NGX) opened the year on a strong footing, with equities market capitalisation crossing the ₦100 trillion mark, buoyed by renewed investor demand and broad-based gains across listed stocks.Market data showed that equities market capitalisat...

January 5, 2026 No Responses

Tinubu Appoints Board Members For NMDPRA, NUPRC

President Bola Ahmed Tinubu has written two letters to the Senate, seeking confirmation of 21 nominees for the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NU...

January 3, 2026 No Responses

FirstBank Hosts Nigeria Economic Outlook 2026

By ebosele@hotmail.com. – FirstBank has concluded plans to host Nigeria Economic Outlook 2026 on Tuesday, 6 January 2025.City Business News reports that the theme of the session is “The Great Calibration: Mastering Resilience in an Era of Asynchronous ...

January 2, 2026 No Responses

2026: SEC To Prioritise Mobilisation Of Long Term Funds, Others

The Securities and Exchange Commission (SEC) has said that it is prioritizing the mobilisation of long-term capital to bridge Nigeria’s infrastructure and sectoral gaps while also streamlining regulatory frameworks and aggressively facilitating the issuance ...

December 31, 2025 No Responses

Tinubu: New Tax Laws To Commence Jan 1 As Planned

The new tax laws, including those that took effect on June 26, and others scheduled to commence on January 1, 2026, will be implemented as planned, President Bola Tinubu has declared.The president disclosed this in a statement on Tuesday.Tinubu described...

December 31, 2025 No Responses

Okpebholo Seeks Stronger Italy–Edo Collaboration

Edo State Governor, Senator Monday Okpebholo, has called for deeper collaboration between Edo State and Italy, describing cultural exchange as a strong platform for economic growth, mutual understanding, and sustainable development.The governor made the call d...

December 23, 2025 No Responses

Customs Steps Up Preparations For Scanner Deployment At Apapa Port

The Nigeria Customs Service (NCS) has stepped up preparations for the operational take-off of its newly installed FS6000 scanning machine at APM Terminals, Apapa, following a working visit by the Deputy Comptroller-General of Customs in charge of ICT, DCG Oluy...

December 23, 2025 No Responses

Investors Sustain Optimism As Equities Gain N257b

The Nigerian equities market sustained a positive performance on Monday as investors added N257 billion to their portfolios.The continued uptick was as a result of increased interest in stocks like Aluminium Extrusion Industries, International Energy Insurance...

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 t...

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...