Economy – Page 47 – City Business News

July 20, 2025 No Responses

EFCC Seeks Support Against Naira Abuse

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called on critical stakeholders in the anti-graft war to join hands with the Commission in tackling the menace of naira abuse in the country. He appealed...

July 19, 2025 No Responses

Customs, SON, NADDC, NAMA Set For 2025 Nigeria’s Auto Summit

Regulatory agencies have reaffirmed their readiness for the upcoming 2025 Nigerian Auto Industry Summit (NAISU), being organised by the Nigeria Auto Journalists Association (NAJA) in conjunction with the National Automotive Design and Development Council (NADD...

July 19, 2025 No Responses

Customs FOU ‘A’ Intercepts N1.78b Contrabands

The Nigeria Customs Service (NCS), Federal Operations Unit, Zone ‘A’, Lagos in collaboration with Operation Whirlwind on Friday disclosed that it has intercepted contrabands valued at N1.7billion. Briefing Journalists, the Comptr...

July 17, 2025 No Responses

EFCC To Appeal Court’s Acquittal Of Fayose Over Alleged ₦6.9b Fraud

The Economic and Financial Crimes Commission (EFCC) is to appeal the judgement of the Federal High Court sitting in Ikoyi, Lagos, which on Wednesday acquitted and discharged former Ekiti State Governor, Ayodele Fayose, of alleged ₦6.9 billion fraud. In a...

July 17, 2025 No Responses

Customs FOU A Intercepts $20,000, CFA10,000

The Nigeria Customs Service, Federal Operations Unit (FOU) Zone A, has recorded a significant breakthrough in its ongoing efforts to combat the movement of illicit financial flows within the country. This was disclosed by the Comptroller of the Unit, C...

July 16, 2025 No Responses

Nigeria To End Fish Importation

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has vowed to end Nigeria’s dependence on fish importation by aggressively boosting local fish production.Speaking on Wednesday at a high-level consultative meeting with fisheries cooperative groups...

July 16, 2025 No Responses

Half Year: PTML Customs Attains N204.7b Revenue

For the first half of 2025, the Ports Terminal Multiservices Limited (PTML) Command of Nigeria Customs Service (NCS) attained a total collection of N204,725,634,459.55, which is N52,077,116,927.50 higher than the N152,648,517,532.05 collected within same perio...

July 14, 2025 No Responses

NADDC DG Visits Ekiti Varsity VC, Harps on Mechatronics Engineering

The Director-General of the National Automotive Design and Development Council (NADDC), Mr. Oluwemimo Joseph Osanipin, recently paid a courtesy visit to the Vice Chancellor of Ekiti State University, Prof. Joseph Babatola Ayodele. During the visit, Mr. Osanipi...

July 11, 2025 No Responses

TICT Advances Lean Journey Agenda With Green Belt Training

After a successful delivery of the Lean Six Sigma Yellow Belt Training in December, 2024, Tincan Island Container Terminal has scaled up its lean journey with the Green Belt Training for team members spanning broadly across functions and departments.The Lean.....

July 11, 2025 No Responses

NADDC, Simba Group Conclude Mechatronics Training In Ekiti

The National Automotive Design and Development Council (NADDC), in collaboration with Simba Group Nigeria, has successfully concluded a five-day Specialized Mechatronics Training Programme for Auto Technicians in Ekiti State.The training, which ran from Monday...

July 11, 2025 No Responses

Shippers’ Council, Customs Strengthen Ties To Boost Trade Facilitation

As part of measures to promote efficient cross-border trade and foster inter-agency collaboration, the Nigerian Shippers’ Council (NSC) has paid a working visit to the Nigeria Customs Service (NCS) Command at Idiroko Border, Ogun State.The visit was led by M...

July 11, 2025 No Responses

Nigeria Loses $4b To Imported Steel Products Annually, Says Minister

The Federal Government of Nigeria loses a total of $4 billion annually in foreign exchange to imported steel products. The Minister of Steel, Shuaibu Audu, disclosed this during a press conference on Thursday to announce the maiden National Steel Summit...

July 11, 2025 No Responses

NSC Boss Urges Staff Cooperative To Prioritise Housing, Investment Opportunities

The Executive Secretary/CEO of the Nigerian Shippers’ Council (NSC), Dr. Pius Akutah, MON, has encouraged members of the NSC Staff Multipurpose Cooperative Society Limited to prioritise real estate and other viable ventures as a means of growing their financ...

July 11, 2025 No Responses

NPA Bags Transparency Award

The Nigerian Ports Authority (NPA) has been honoured by the Public Accounts Committees of the Senate and House of Representatives for its unwavering commitment to transparency, fiscal responsibility, and audit compliance. The special recognition was conferred ...