Economy – Page 26 – City Business News

January 17, 2026 No Responses

Stocks Close Higher As NGX Records N30b Gain

The Nigerian stock market rebounded on Friday, recovering from the previous session’s downturn as investors’ portfolios appreciated by about N30 billion.The positive performance was driven by gains in stocks such as Red Star Express, NCR Nigeria, SCOA and Omatek Ventures,...

January 13, 2026 No Responses

Nigeria, UAE To Co-Host Investopia, Tinubu Signs Trade Deal

President Bola Tinubu has announced that Nigeria will co-host the global investment platform, Investopia, with the United Arab Emirates (UAE) in Lagos this February, in a major move to attract international investors and accelerate sustainable investment inflo...

January 13, 2026 No Responses

Delta, BoI Sign N1b MSME Revolving Fund MoU

The Delta State Government, on Tuesday, signed a Memorandum of Understanding (MoU) with the Bank of Industry (BoI) for the management of a ₦1 billion revolving fund established to provide affordable loans to Micro, Small and Medium Enterprises (MSMEs) in...

January 13, 2026 No Responses

EFCC Hands Over Recovered N802.4m To First Bank

The Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Monday, January 12, 2026 handed over the sum of N802,420,000( Eight Hundred and Two Million, Four Hundred and Twenty Thousand Naira only) to First Bank Nigeria.The money...

January 13, 2026 No Responses

Shippers’ Council Orders Suspension Of Port Charges Review

The Nigerian Shippers’ Council (NSC) has directed all shipping companies, shipping agents and terminal operators in Nigerian ports to immediately suspend and refrain from implementing any review or upward adjustment of their charges until full stakeholder en...

January 13, 2026 No Responses

United Capital Boosts Infrastructure Fund With Four Senior Professionals

United Capital Plc has appointed four seasoned infrastructure investment professionals as independent members of the Investment Committee of the United Capital Infrastructure Fund (UCIF), in a move aimed at repositioning the fund to seize emerging infrastructu...

January 13, 2026 No Responses

NUPRC, NRS Strengthen Collaboration To Boost Revenue

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have agreed to deepen collaboration aimed at enhancing revenue collection for the Federation.The decision was reached on Monday, January 12, 2026, during a cour...

January 12, 2026 No Responses

Nigeria Drives Digital Reform In Vehicle Import Clearance

By Moses Eboseleebosele@hotmail.com For decades, clearing imported vehicles in Nigeria followed a familiar — and notoriously winding — path: towering stacks of paperwork, long queues at port terminals, frantic phone calls to clearing agents, and the anxiet...

January 8, 2026 No Responses

Tinubu Applauds NGX N100trillion Milestone

President Bola Tinubu has praised corporate Nigeria, citizens, and other stakeholders in the Nigerian capital market for surpassing the N100 trillion milestone on the Nigerian Exchange (NGX).President Tinubu described this record achievement as an inspiration ...

January 8, 2026 No Responses

Customs Introduces Waiver Framework For Imported Personal Vehicles

By ebosele@hotmail.com. – The Nigeria Customs Service (NCS) has announced the commencement of procedures for granting safe passage to personal vehicles temporarily imported into or transiting through Nigeria by international travellers.City Business News...

January 7, 2026 No Responses

Apapa Customs Records ₦2.93tr Revenue In 2025

By ebosele@hotmail.com For the year 2025, the Nigeria Customs Service (NCS), Apapa Area Port Command, generated a total revenue of ₦2.930trillion, representing an increase of ₦573,295,266,571.10 over the ₦2,357,213,560,539.22 collected in 2024, represent...

January 7, 2026 No Responses

Seme Customs Command Attains ₦15.5b In 2025

By ebosele@hotmail.com The Nigeria Customs Service (NCS), Seme Area Command, has recorded unprecedented revenue milestones in 2025, achieving its highest monthly and annual collections since the Command’s inception.In December 2025 alone, the Command generat...

January 7, 2026 No Responses

Maritime Sector Enters New Growth Phase Under Oyetola

Nigeria’s maritime sector has entered a decisive phase of renewal following a series of far-reaching reforms and interventions initiated by the Minister of Marine and Blue Economy, Dr Adegboyega Oyetola.According to the Minister’s Special Adviser, Dr Bolaj...

January 7, 2026 No Responses

Budget Office Explains Repeal, Re-enactment Of 2024, 2025 Appropriation Acts

By ebosele@hotmail.com. – The Budget Office of the Federation (BOF) has dismissed claims that the repeal and re-enactment of the 2024 and 2025 Appropriation Acts amounted to a constitutional breach or fiscal illegality, insisting that the process is firm...