News – City Business News

April 30, 2026 No Responses

Tinubu Nominates Tegbe As Minister Of Power

President Bola Ahmed Tinubu has nominated Mr Joseph Olasunkanmi Tegbe as Minister of Power, subject to confirmation by the Senate.The nomination has been transmitted to the Senate for screening and confirmation in accordance with the Constitution.The nomination follows the resignation...

April 30, 2026 No Responses

NIMASA’s Director Bags Fellowship Of NIPR

The Director of Administration and Human Resources at the Nigerian Maritime Administration and Safety Agency (NIMASA), Mrs. Moji A. Jimoh, has been formally inducted into the Fellowship of the Nigerian Institute of Public Relations (NIPR), the highest professi...

April 30, 2026 No Responses

Chery, Carloha Target Growth In Nigeria’s Commercial Vehicle Segment

Chery Automobile is ramping up plans to enter Nigeria’s commercial vehicle space, in a strategic move that reflects rising confidence in the country’s automotive market and growing demand for business mobility solutions.Already, the Chinese auto giant is i...

April 30, 2026 No Responses

Shareholders Applaud NGX Group’s ₦2 Dividend, Bonus Issue

Shareholders of Nigerian Exchange Group Plc (NGX Group) have endorsed the company’s 2025 financial results, with strong emphasis on the approved ₦2.00 per share final dividend and a one-for-three bonus share issue, describing both as clear signals of value...

April 30, 2026 No Responses

CVFF Disbursement And The Burden Of Responsibility

By Chika Chukwudi The long-anticipated disbursement of Nigeria’s Cabotage Vessel Financing Fund (CVFF) marks a defining moment for the nation’s maritime sector. Approved by President Bola Ahmed Tinubu GCFR, the release of the fund signals more than policy ...

April 29, 2026 No Responses

Gas-Laden Truck Overturns on Eko Bridge, Lagos Activates Full Emergency Response

The Lagos State Emergency Management Agency (LASEMA) has activated a full-scale emergency response following a lone accident involving a 10-tonne gas truck on Eko Bridge outward Apongbon on Wednesday.According to officials, LASEMA’s response team confirmed t...

April 29, 2026 No Responses

NAFOWA Seeks Deeper Partnership With Enugu

The National President of the Nigerian Air Force Officers’ Wives Association (NAFOWA), Mrs Ngozi Aneke, has commended the leadership of Enugu State Governor, Peter Mbah, while calling for a deeper and more structured partnership between the state government ...

April 29, 2026 No Responses

Shippers’ Council Seeks Stronger Stakeholder Synergy To Boost Non-Oil Export Growth

The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Pius Akutah, has stressed the need for enhanced collaboration and institutional synergy among stakeholders to accelerate Nigeria’s non-oil export growth.Speaking a...

April 29, 2026 No Responses

Customs, NDLEA To Strengthen Anti-Drug Operations

The Nigeria Customs Service (NCS) and the National Drug Law Enforcement Agency (NDLEA) have moved to strengthen their frontline partnership against narcotics trafficking and organised crime, following a high-level meeting between the Comptroller-General of Cus...

April 29, 2026 No Responses

Shareholders Applaud GTCO’s N12.76 Dividend, N500b Capital Milestone

By ebosele@hotmail.com. – Shareholders of Guaranty Trust Holding Company Plc (GTCO) have commended the management of the financial institution for delivering what they described as the highest dividend payout in Nigeria’s banking sector, declaring a to...

April 28, 2026 No Responses

Nigeria Targets Growth Of Women-Owned Firms With New Reforms

The Nigerian Government has outlined policies and financial market reforms aimed at tackling the persistent barriers facing women-owned businesses, particularly limited access to credit, markets, and long-term capital.Speaking at the grand finale of the “Giv...

April 28, 2026 No Responses

Carloha Nigeria Joins Global Partners At Chery Business Summit In Beijing

Carloha Nigeria, the authorised dealer and distributor of Chery vehicles in the country, is part of Chery International Business Summit from April 22 to 28, 2026, in Beijing, China.The summit, structured alongside Auto China 2026 (Beijing Auto Show)—widely r...

April 27, 2026 No Responses

Alleged $6.23b Fraud: Witness Tells Court Funds Were Siphoned from CBN For ‘Foreign Observers’

A prosecution witness, Chinedu Eneanya, on Monday told Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court, Maitama, Abuja, that a total sum of $6.23 billion was allegedly siphoned from the coffers of the Central Bank of Nigeria...

April 27, 2026 No Responses

Family Releases Burial Arrangements For Matriarch, Grace Olugbodi

The Olugbodi family of Ara Kingdom in Egbedore Local Government Area of Osun State has released the burial arrangements for their revered matriarch, Mrs Grace Olabisi Olugbodi JP, fondly known as “Extraordinary Grace,” who passed away at the age of...