Economy – Page 3 – City Business News

February 26, 2026 No Responses

NGX Sheds N74b As Sell Pressure Weighs On Major Stocks

The Nigerian equities market remained in negative territory on Wednesday, as investors lost N74 billion amid sustained sell pressure across major stocks on the Nigerian Exchange Limited (NGX).The downturn was largely driven by losses recorded in RT Briscoe, ABC Transport,...

February 26, 2026 No Responses

SON DG Leads Nigerian Delegation To Ethanol Conference In U.S.

The Director-General and Chief Executive of the Standards Organisation of Nigeria (SON), Dr. Ifeanyi Chukwunonso Okeke, led the Nigerian delegation to the 31st Annual National Ethanol Conference (NEC) held in Orlando, Florida, United States.The conference, rec...

February 25, 2026 No Responses

South-South Govs Back Tinubu’s Executive Order On Oil Revenue Remittance

The South-South Governors Forum (SSGF) has described President Bola Tinubu’s Executive Order mandating the direct remittance of all oil and gas revenues to the Federation Account as a historic and landmark decision.The SSGF Chairman and Governor of Bayelsa S...

February 24, 2026 No Responses

Presidency Convenes Technical Retreat To Finalise 2025 Performance Report, Raise 2026 Targets

The Office of the Special Adviser to the President on Policy and Coordination on Monday commenced a Technical Retreat to review and finalise the Fourth Quarter (Q4) 2025 and Annual Performance Assessment Report, in collaboration with Delivery Managers of the.....

February 24, 2026 No Responses

NCAA RE-CERTIFIES EASTWIND AVIATION

The Nigeria Civil Aviation Authority (NCAA) has re-certified Eastwind Aviation Logistics Services Limited following a comprehensive regulatory review of the airline’s safety and operational systems.City Business News reports that the Air Operator’s...

February 24, 2026 No Responses

New Toyota SUVs Take Centre Stage As Lafarge Africa Honours Top Customers, Transporters

Luxury and performance met loyalty and excellence as Lafarge Africa Plc rolled out brand-new Toyota vehicles as star prizes at its 2025 Customer and Transporter Awards, celebrating outstanding partners across the country.The glamorous event, which recognised t...

February 20, 2026 No Responses

Customs Attains ₦362.79b Revenue Growth With AEO Programme

The Nigeria Customs Service (NCS) has announced a significant revenue and trade facilitation milestone under its Authorised Economic Operator (AEO) Programme, with revenue rising from ₦1.222 trillion before certification to ₦1.585 trillion after certificat...

February 20, 2026 No Responses

CBN Seeks Coordinated Digital Payment Reforms At G-24 TGM 2026

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for coordinated reforms in digital cross-border payments to drive inclusive growth, strengthen financial stability, and deepen global financial integration across developing economi...

February 19, 2026 No Responses

Tincan Island Customs Attains N145.9b Revenue In January

For the Month of January 2026, the Nigeria Customs Service (NCS), Tin Can Island Command, generated N145.9 billion.The Customs Area Comptroller (CAC), Frank Onyeka, who disclosed the figure while briefing Journalists in Lagos also explained plans to commence f...

February 18, 2026 No Responses

NCAA HOSTS WAKANOW TEAM

The Management of the Nigeria Civil Aviation Authority (NCAA) on Tuesday received, on a courtesy visit, a team from Wakanow, led by its Managing Director/Chief Executive Officer, Mrs. Adenike Macaulay, at the Authority’s Corporate Headquarters in Abuja.While...

February 17, 2026 No Responses

Nigeria Unveils Industrial Policy, Charts Path To Production-Led Growth

The Vice President of the Federal Republic of Nigeria, Kashim Shettima, on behalf of President Bola Ahmed Tinubu, on Tuesday delivered the keynote address at the official launch of the Nigeria Industrial Policy (NIP) in Abuja, describing it as a...

February 17, 2026 No Responses

Oyedele: Partnership With NANTA Key To Tax Reform Success

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has expressed optimism that Nigeria’s ongoing tax reforms will achieve lasting success through sustained engagement with key industry stakeholders, like the National ...

February 16, 2026 No Responses

Committee Debunks Viral Claims On New Tax Laws

The Presidential Fiscal Policy and Tax Reforms Committee has dismissed as false a viral video alleging that new tax laws will take effect in 2027 and impose a 25 per cent tax on funds earmarked for building materials and other...

February 15, 2026 No Responses

NIMASA, NUPRC Deepen Collaboration To Boost Investment Climate

The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have reaffirmed their commitment to strengthening Nigeria’s investment climate through enhanced inter-agency collaboration.This ...