News – Page 7 – City Business News

April 8, 2026 No Responses

Delta Seeks Strategic Partnerships To Achieve Stable Power Supply

Delta State Governor, Sheriff Oborevwori, has reaffirmed his administration’s commitment to delivering stable and reliable electricity supply through strategic partnerships with credible energy experts.The governor made this known on Wednesday during a high-level meeting with the management of Power Acumen...

April 8, 2026 No Responses

Pipeline Security Boosts Nigeria’s Oil Output to 1.71mbpd, Says NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has confirmed a significant recovery in Nigeria’s crude oil output, rising from a historic low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day, with peak...

April 8, 2026 No Responses

NASS Petroleum Committees Affirm Confidence In Tantita, Others

The joint Committees on Petroleum Resources of the National Assembly on Wednesday dismissed three petitions filed against the pipeline surveillance contract, passing a vote of confidence on Tantita Security Services Nigeria Limited, security agencies and the N...

April 8, 2026 No Responses

LAMATA Hosts NULGE, Seeks Stronger Collaboration On Transport Regulation

The Managing Director, Lagos Metropolitan Area Transport Authority (LAMATA), Engr. Mrs. Abimbola Akinajo, on Wednesday received the leadership of the Lagos State chapter of the Nigeria Union of Local Government Employees (NULGE), led by Comrade Sunday Ogunfowo...

April 8, 2026 No Responses

MAPALUM Grieves As Ex-President Oladipo Passes On

The Moshood Abiola Polytechnic Alumni Association (MAPALUM) has announced with deep sorrow the passing of its immediate past National President, Arch. Sulaimon Oladipo.A statement on Wednesday by the Lagos Chapter President of MAPAULUM, Gafar Odubote, said tha...

April 8, 2026 No Responses

Carloha Nigeria Deepens Aftersales Capacity With Chery Training Programme

The authorised dealer of Chery vehicles in Nigeria, Carloha Nigeriahas concluded its 2026 Basic Chery Training Programme for partner technicians, as part of efforts to strengthen its aftersales service network across the country.The two-day programme, held fro...

April 8, 2026 No Responses

Nigeria Regains FTSE Frontier Market Status

Nigeria has been restored to Frontier Market status by FTSE Russell, marking a major milestone in the country’s return to global investment indices and signalling fresh opportunities for international investors.The reclassification from “Unclassified” to...

April 8, 2026 No Responses

A New Dawn: Ohaeri As The New Voice Of FRSC

By MUKHTAR Ya’u Madobi A defining moment has arrived for public communication in Nigeria’s road safety architecture, one that signals renewal, precision, and a bold reawakening of purpose.With the recent strategic reshuffle within the Federal Road Safety C...

April 8, 2026 No Responses

Customs, PEBEC Align On Strategy To Improve Port Efficiency

The Nigeria Customs Service (NCS), in collaboration with the Presidential Enabling Business Environment Council (PEBEC), has launched a results-driven reform agenda to improve operational efficiency and enhance Nigeria’s trade competitiveness through better-...

April 8, 2026 No Responses

Stock Rebounds After Easter, Investors Gain N208b

The Nigerian stock market on Tuesday reopened after the Easter holiday on a bullish note, as investors recorded a gain of N208 billion amid renewed buying interest in key equities.Market capitalisation rose by 0.16 per cent, increasing from N129.806 trillion.....

April 8, 2026 No Responses

Tax Default: Lagos Arraigns Primero, AA Rescue, Bi-Courtney, Heyden Petroleum, Others

The Lagos State Government has commenced legal action against 45 corporate organisations and individuals over alleged tax liabilities running into billions of naira, in a renewed push to enforce compliance and recover outstanding revenues.The cases, filed befo...

April 7, 2026 No Responses

Shippers’ Council Signs 2026 Performance Bond, Lists 2025 Achievements

The Executive Secretary and Chief Executive Officer of Nigerian Shippers’ Council (NSC), Dr. Akutah Pius has signed the Council’s 2026 Sectorial Performance Bond at the just concluded stakeholder’s’ engagement in Lagos.The signing of the 2026 performan...

April 7, 2026 No Responses

CNG: FG Probes Kaduna Explosion

The Federal Government (FG) through the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV) has commenced investigations, in collaboration with relevant authorities, into the cause of a vehicle explosion at a Kaduna motor ...

April 7, 2026 No Responses

Ethiopian Airlines, Asky Partner On New West Africa Aircraft Maintenance Hub

Ethiopian Airlines Group has announced plans to establish a new aircraft maintenance, repair, and overhaul (MRO) facility in West Africa in partnership with Asky Airlines.A statement explained that the proposed facility follows the outcome of a feasibility stu...