News – Page 11 – City Business News

August 11, 2026 No Responses

Tinubu Approves Framework To Unlock $50b Deep Offshore Investment

By ebosele@hotmail.com President Bola Ahmed Tinubu has approved a new investment framework aimed at unlocking up to $50 billion in deep offshore oil and gas investments and reviving large-scale offshore projects that have remained stalled for years.The reform replaces project-by-project...

August 11, 2026 No Responses

NADDC, NYSC Flag Off CNG Retrofitting Training For Corps Members

The National Automotive Design and Development Council (NADDC), in collaboration with the National Youth Service Corps (NYSC), has flagged off a Compressed Natural Gas (CNG) Retrofitting Training Programme for 300 Corps Members, aimed at equipping young Nigeri...

August 11, 2026 No Responses

Tinubu Hails Bergmans’ Selection For Multi-Billion-Dollar AfCFTA Customs Project

By ebosele@hotmail.com – President Bola Ahmed Tinubu has commended the selection of AfriTrade CMP Limited, a subsidiary of Nigerian-owned Bergmans Security Consultant and Supplies Limited, for a 20-year, multi-billion-dollar African Continental Free Trad...

August 11, 2026 No Responses

NSIB Assures Staff Of Improved Welfare, Career Development

By ebosele@hotmail.com – The Nigerian Safety Investigation Bureau (NSIB) has reaffirmed its commitment to staff welfare, career progression and professional development as part of efforts to strengthen the Bureau’s safety investigation capacity.City Bu...

August 11, 2026 No Responses

Metropolitan Electric CEO Unveils Six-Point Plan To Boost EV Adoption In Nigeria

Nigeria must move beyond policy announcements and urgently implement a coordinated six-point roadmap to turn growing interest in electric vehicles into mass adoption, Metropolitan Electric Limited has said. The company’s Chief Executive Officer, Olugbenga Ob...

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 a...

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...