May 2025 – Page 146 – Rise Africa

Odu’a Investment, NPO partner on job creation

14.05.2025

Odu’a Investment Company Limited, in collaboration with the Nigeria Philanthropy Office, recently hosted the maiden South West Philanthropy Summit in Lagos, designed to enhance various sectors of Nigeria’s economy, create job opportunities for the nation’s youth, and provide financial support to Micro, Small, and Medium Enterprises through philanthropic efforts. In a statement made available to...

Corps Members’ll Drive Positive Change In Host Communities – NYSC

14.05.2025

The National Youth Service Cor ps (NYSC) has assured that the corps members deployed to their various places of primary assignment would impact maximally on their host communities. Brigadier General Olakunle Nafiu, the Director General of NYSC, made the assurance in Bauchi yesterday during the closing ceremony of the 2025 Batch ‘A’ stream 1 orientation...

Ministry holds regional workshop on aviation fuel financing

14.05.2025

The Federal Ministry of Aviation, in collaboration with key national and international partners, convened a high-level regional workshop on financing sustainable aviation fuels in Lagos from May 5 to 9, 2025. According to a signed statement by the Director of Public Affairs and Consumer Protection of the Nigeria Civil Aviation Authority, Michael Achimugu, it was...

CBN Targets $1bn Monthly Inflows On New BVN Platform For Diasporans

14.05.2025

As part of measures to increase foreign exchange inflows into the economy, the Central Bank of Nigeria (CBN) in collaboration with Nigeria Inter-Bank Settlement System (NIBSS) have unveiled a Bank Verification Number platform for Nigerians in the diaspora. Yesterday in Abuja, the Non-Resident Bank Verification Number (NRBVN) platform, an innovative digital gateway, which allows Nigerians...

Battle To Succeed Sanwo-Olu Heats Up As Political Stakeholders Push Preferred Candidates

14.05.2025

The political landscape in Lagos State is already showing early signs of turbulence as stakeholders within the All Progressives Congress (APC) begin to position their preferred candidates for the 2027 gubernatorial election. While Governor Babajide Sanwo-Olu remains in office, attention is rapidly shifting to who will succeed him as the next helmsman of Nigeria’s commercial...

Lasaco, Lagos disburse N978m to families of deceased civil servants

14.05.2025

Lasaco Assurance Plc, in partnership with the Lagos State Government and a consortium of insurance underwriters and brokers, has disbursed N978.62 million in insurance benefits to over 510 families of deceased civil servants in the state. The disbursement ceremony, which took place recently highlighted the Lagos State Government’s continued commitment to the welfare of its...

Otu Signs Infrastructure, Social Welfare Edicts Into Laws

14.05.2025

Cross River Governor Bassey Edet Otu has signed three laws aimed at improving infrastructure, regulating the gaming industry, and enhancing social welfare across Cross River State. The newly assented laws include the Cross River State Road Maintenance Agency (Amendment) Law, 2025, the Cross River State Lotteries and Gaming Agency Law, 2025, and the Cross River...

Equity market rebounds with N315bn gain

14.05.2025

The Nigerian Stock Exchange witnessed a significant rebound at the close of Tuesday’s trading session, with a remarkable N315bn gain in market capitalisation. The market closed at N68.4tn, driven largely by key players such as Oando, Chellarams, and Transcorp, all of which posted impressive gains. Oando led the charge among the top gainers, with a...

CTG: 100,000 Youths Still Jobless After FG’s Training Programmes

14.05.2025

Following the National Economic Council’s (NEC) approval of the establishment of a Cotton, Textile and Garment (CTG) Development Board to drive the revitalisation of the country’s textile, investigations have revealed that about 100,000 youths trained on CTG via the Industrial Training Fund (ITF) window in December last year by Adhama Textile Garment Industry based in...

Businesses automate HR tasks with increased AI investments

14.05.2025

Companies are increasingly investing in artificial intelligence to automate routine human resources tasks, prompting a shift in workforce strategy that favours growth and marketing roles over administrative functions. IBM announced that it has replaced around 200 human resources positions with AI systems that now manage about 94 per cent of repetitive tasks such as payroll...