News – City Business News

April 15, 2026 No Responses

NGX, BOI Deepen SME Financing Drive In Kano

Nigerian Exchange Limited (NGX) and Bank of Industry (BOI) have reinforced efforts to integrate small and medium-sized enterprises (SMEs) into Nigeria’s formal capital market, taking their financing advocacy to Kano as part of a broader national engagement drive.The Kano workshop...

April 15, 2026 No Responses

Guinness Nigeria Surpasses ₦1trn Market Capitalisation

Guinness Nigeria Plc has crossed the ₦1 trillion market capitalisation threshold on the Nigerian Exchange (NGX), marking a significant milestone that reflects strong investor confidence and sustained value creation.As of April 10, 2026, the company’s marke...

April 14, 2026 No Responses

Shippers’ Council Meets Stakeholders, Insists On Engagement Before Tariff Rollout

The Nigerian Shippers’ Council (NSC) on Tuesday convened a meeting with shipping companies, freight forwarders, importers, and exporters, emphasizing the need for broad stakeholder engagement before implementing the proposed tariff increase.Speaking at a one...

April 14, 2026 No Responses

SEC Freezes Assets Of 13 Terror-Linked Individuals, Entities

The Securities and Exchange Commission (SEC) has directed an immediate freeze on the assets of 13 newly identified entities linked to terrorism financing within Nigeria’s capital market.The directive, titled “Commission’s Sweeping Compliance Directive Is...

April 14, 2026 No Responses

Coscharis Motors Partners Asia Star On EV Drive

By Moses Ebosele, ebosele@hotmail.com – Foremost Nigerian auto firm, Coscharis Motors has strengthened its collaboration with Chinese electric vehicle manufacturer, Asia Star as both companies intensify efforts to deliver cleaner and more sustainable mob...

April 14, 2026 No Responses

Expert Urges FG to Suspend National Single Window Over Port Disruptions

Former Acting National President of the Association of Nigerian Licensed Customs Agents, Kayode Farinto, has called on the Federal Government (FG) to urgently suspend the newly introduced National Single Window system, warning that its implementation has sever...

April 13, 2026 No Responses

Single Window Failures Stall Cargo Flow; Port Gridlock Looms

Operational disruptions linked to persistent glitches in the National Single Window (NSW) platform are slowing cargo clearance across Nigeria’s seaports, with industry stakeholders warning of an imminent congestion crisis if urgent fixes are not implemented....

April 13, 2026 No Responses

Renaissance MD Predicts Operators’ Merger

Managing Director of Renaissance Africa Energy Company Limited, Engr. Tony Attah has predicted that many indigenous oil and gas operators in Nigeria will within the next decade consolidate strategically and form consortiums to take advantage of emerging opport...

April 13, 2026 No Responses

CIBN, ICPC Academy Strengthen Ties

The Chartered Institute of Bankers of Nigeria (CIBN) has reaffirmed its commitment to promoting ethics and professionalism in the financial services sector following a courtesy visit by the ICPC Anti-Corruption Academy of Nigeria (ACAN) at the Bankers House in...

April 12, 2026 No Responses

Shippers’ Council Boss Attains Doctoral Milestone At Nasarawa State University

The Executive Secretary and Chief Executive Officer of Nigerian Shippers’ Council, Akutah Pius Ukeyima has been conferred with a Doctor of Philosophy (Ph.D.) Degree in International Criminal Cooperation at Nasarawa State University, Keffi.The event was the u...

April 12, 2026 No Responses

Again, Lagos Extends Tax Filing Deadline

By ebosele@hotmail.com. – The Lagos State Internal Revenue Service has extended the deadline for filing individual annual income tax returns to April 21, 2026, following a surge in activity on its electronic tax platform.The agency said the decision was ...

April 12, 2026 No Responses

NAF Elevates 38 Senior Officers

The Nigerian Air Force (NAF) on Friday decorated 38 senior officers with the rank of Wing Commander during a ceremony held at the NAF Officers’ Mess in Abuja.Describing the promotion as a recognition of discipline, character, and sustained excellence, the...

April 12, 2026 No Responses

Gateway Air Begins Abuja, Port Harcourt, Calabar, Jos, Kano Flights

Ogun State-owned airline, Gateway Air, has announced the commencement of new domestic flight operations aimed at improving connectivity and expanding travel options across Nigeria.The development was disclosed in a statement issued at the weekend by the Specia...

April 11, 2026 No Responses

Nigeria Slashes Duties On Cars, Palm Oil, Sugar

The Nigerian Government has approved the implementation of the 2026 Fiscal Policy Measures (FPM), introducing sweeping tariff reductions on key imports, including vehicles, crude palm oil, and sugar.The new measures, contained in a circular dated April 1, 2026...