May 2025 – Page 158 – Rise Africa

Osunkeye advocates ethical corporate leadership

13.05.2025

Former President of the Society for Corporate Governance Nigeria, Olusegun Osunkeye, has called on corporate leaders to adopt ethical governance practices and focus on building lasting leadership legacies that transcend quarterly results. According to a statement, Osunkeye advocated ethical leadership while delivering a keynote lecture at the SCGN public lecture themed ‘Leadership Legacies: Advancing Good...

Africa can lead AI-driven deep tech – El-Habti

13.05.2025

The President of Mohammed VI Polytechnic University, Hicham El-Habti, has declared that Africa stands on the brink of leading the global deep tech revolution. Delivering his opening remarks at the ongoing second edition of the DeepTech summit, held recently at UM6P’s campus in Benguerir, Morocco, El-Habti highlighted Africa’s growing prominence in deep tech, with artificial...

Funds: Meet Performance Benchmark Or Risk Delisting, TETFund Warns Institutions

13.05.2025

The Tertiary Education Trust Fund (TETFund) has warned that any beneficiary institution that fail to meet performance benchmarks or mismanage allocated funds, risks being delisted from its support programmes. Executive Secretary of TETFund, Sonny Echono, gave the warning at a oneday strategic engagement with heads of institutions, bursars, and heads of procurement of the Fund’s...

NIPOST partners KLM on global mail delivery

13.05.2025

The Nigerian Postal Service has signed an international mail partnership with KLM Royal Dutch Airlines for improved delivery access to over 200 countries without middlemen. Postmaster-General and Chief Executive Officer of NIPOST, Tolani Odeyemi, described the deal as a “major milestone” for the country’s logistics and postal sector. In a statement on X on Monday,...

Banks, hospitals adopt 5G as many consumers decry cost

13.05.2025

Nigeria’s 5G network adoption is gaining traction, but primarily among banks, hospitals, and high-tech sectors, while the average consumer struggles to join the high-speed revolution due to affordability challenges. The Nigerian Communications Commission last week reported that 5G adoption had reached 2.7 per cent, up from 1.24 per cent a year earlier. While this marks...

Airtel Money plans IPO to compete in fintech market

13.05.2025

Airtel Africa is positioning its mobile money platform, Airtel Money, to challenge Africa’s fintech giants through a planned initial public offering set for the first half of 2026, Chief Executive Officer Sunil Taldar said in the company’s latest financial results. The IPO will bolster Airtel Money’s ability to compete with dominant players like Safaricom’s M-Pesa...

CFUIS opens office in Nigeria to strengthen US immigration support

13.05.2025

The Centre for United States Immigration Services, a premier legal firm specialising in US immigration law and global mobility, has officially launched operations in Nigeria, marking a strategic move to bridge Africa’s talent and business potential with opportunities in the United States. Led by a Nigerian-American attorney, Dr Martins Imudia, the firm said in a...

Business

NIMASA unveils 12 banks to disburse Cabotage Fund

13.05.2025

The Nigerian Maritime Administration and Safety Agency has announced the selection of 12 Primary Lending Institutions for the disbursement of the Cabotage Vessels Financing Fund, NAN reports. The Director-General of NIMASA, Dayo Mobereola, disclosed this on Monday during a virtual meeting, stating that the disbursement would be at a single-digit interest rate. According to NAN,...

Solar firm opens Lagos hub

13.05.2025

Itel Solar Energy has launched its first Nigerian sales and service hub at Alaba International Market, a pivotal move to bring affordable solar solutions to a country grappling with persistent power challenges, it announced on Monday. The company’s move aligns with growing demand for reliable, cost-effective energy alternatives, particularly in commercial hubs like Alaba. The...

Govt warns public against fake contracts, grants

13.05.2025

The Federal Government has warned Nigerians against engaging with individuals and groups peddling fictitious contracts, loans, and financial grants purportedly issued or endorsed by the apex bank. It gave the warning in a statement issued on Monday by the Central Bank of Nigeria’s acting Director of Corporate Communications, Mrs Hakama Sidi-Ali, where the apex bank...