News – City Business News

August 10, 2026 No Responses

Customs FOU “A” Impounds N3.24b Smuggled Goods, Recovers N729m Revenue

By ebosele@hotmail.com – The Nigeria Customs Service (NCS), Federal Operations Unit Zone ‘A’ (FOU ‘A’), Ikeja-Lagos, has intercepted 220 consignments of prohibited and smuggled goods with a total Duty Paid Value (DPV) of N3.237 billion.The Unit also recovered N728.98 million...

August 10, 2026 No Responses

Nigeria Commissions First Border Animal Holding Facility

By ebosele@hotmail.com The Nigeria Agricultural Quarantine Service (NAQS) has commissioned Nigeria’s first Border Animal Holding Facility at the Mfum Border in Cross River State, in a major step towards strengthening livestock biosecurity and animal health i...

August 10, 2026 No Responses

SEC Urges FCT To Tap Capital Market For Abuja Infrastructure Financing

The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged the Federal Capital Territory Administration (FCTA) to leverage Nigeria’s capital market to mobilise long-term financing for critical infrastructure projects...

August 10, 2026 No Responses

NRS Boss Reacts To $279m Frontier Fund Fraud Allegation

By ebosele@hotmail.com – The Executive Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has dismissed online reports alleging his involvement in $279 million fraud linked to the Frontier Exploration Fund, describing the publication as sponso...

August 10, 2026 No Responses

Tanzania Pushes For Expanded Dangote Investments Across Key Sectors

By ebosele@hotmail.com – The Government of Tanzania has reaffirmed its commitment to deepening economic cooperation with Dangote Group, expressing strong interest in attracting new investments in fertiliser production, energy and industrial infrastructur...

August 9, 2026 No Responses

Senate Backs Customs Reforms, Lauds Responsible Fund Utilisation

By ebosele@hotmail.com The Senate Committee on Customs and Excise has commended the far-reaching reforms being implemented by the Comptroller-General of Customs, Adewale Adeniyi, MFR, describing them as evidence of responsible investment of government resource...

August 9, 2026 No Responses

SCAN Summit Focuses On Financing, Regulatory Barriers Facing Indigenous Shipowners

By ebosele@hotmail.com The Shipping Correspondents Association of Nigeria (SCAN) has commenced preparations for its forthcoming 2026 Summit, which will focus on the persistent financing challenges and regulatory hurdles confronting indigenous shipowners in Nig...

August 9, 2026 No Responses

Oyedele Challenges African Leaders To Seize Reform Momentum, Drive Growth

By ebosele@hotmail.com The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has challenged African leaders, policymakers and investors to seize the continent’s current reform momentum and take bold steps to unlock sustainable ...

August 9, 2026 No Responses

Customs Celebrates Karu Hospital CMD At 60, Retirement

By ebosele@hotmail.com – The Nigeria Customs Service (NCS) has celebrated the 60th birthday and retirement of the Chief Medical Director of the Karu Customs Hospital, Abuja, Comptroller Dr Namang Namdang, with a colourful retirement ceremony and ceremoni...

August 9, 2026 No Responses

Customs Seeks Senate Backing On Trade Laws, Digital Reforms

By ebosele@hotmail.com – The Nigeria Customs Service (NCS) has called for legislative reforms to its legal framework to align Nigeria’s customs and trade laws with evolving global practices and provide stronger statutory backing for its ongoing digital...

August 9, 2026 No Responses

SON Sensitises Supermarket Owners On Standards, Consumer Protection

By ebosele@hotmail.com – The Standards Organisation of Nigeria (SON), South-East Region, has engaged members of the Enugu State Supermarket Owners Association in an interactive sensitisation programme aimed at strengthening standards compliance, protecti...

August 8, 2026 No Responses

CBN, Experts Chart Africa’s Economic Future

By ebosele@hotmail.com – The 7th Africa Emerging Markets Forum (AEMF 2026), hosted by the Central Bank of Nigeria (CBN) in Abuja, opened with high-level discussions on the future of Africa’s economy and strategies for strengthening the continent’s re...

August 8, 2026 No Responses

EFCC Hands Over N125m To Land Fraud Victim

The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, Ikoyi, Lagos, on Thursday, August 6, 2026, handed over the sum of N125,000,000.00 (One Hundred and Twenty-five Million Naira) to the victim of an alleged land fraud,...

August 8, 2026 No Responses

Prof. Eregie Visits UBTH, Donates Publications To Medical Library

By ebosele@hotmail.com – The Chief Medical Director of the University of Benin Teaching Hospital (UBTH), Professor Idia Nibokun Ize-Iyamu, has received renowned paediatrician, neonatologist and scholar, Professor Charles Osayande Eregie, who paid a court...