May 2025 – Page 24 – Rise Africa

SEC Warns Nigerians Against Silverkuun Investment Scam

29.05.2025

The Securities and Exchange Commission has warned Nigerians against investing in unregistered investment schemes, specifically naming Silverkuun Investment Cooperative Society and Silverkuun Limited. In a circular issued on Wednesday, the Commission stated that it had been alerted to the activities of these entities, which falsely present themselves as investment advisers and fund managers in the...

FG promises sustainable borrowing for economic growth

29.05.2025

The Federal Government has assured Nigerians of a sustainable borrowing framework that prioritises economic growth and fiscal discipline, following President Bola Tinubu’s formal request to the National Assembly for approval of the 2024–2026 External Borrowing Rolling Plan. In a press statement on Wednesday by the Director of Information and Public Relations at the Ministry of...

Business

ILO downgrades global employment outlook for 2025

29.05.2025

The International Labour Organisation released its updated World Employment and Social Outlook on Wednesday, revealing a significant downgrade in its global employment forecast for 2025. The report projects the creation of 53 million new jobs, a sharp reduction from the previously estimated 60 million, resulting in a shortfall of approximately 7 million jobs. This revision...

$300 helicopter fee raises more dust

29.05.2025

The Federal Government has concluded plans to move the burden of the $300 landing levy by the Airline Operators of Nigeria to passengers, particularly oil companies, following robust opposition. The government, through the Federal Ministry of Aviation and Aerospace Development and the Nigerian Airspace Management Agency, introduced the controversial levy last year but met stiff...

PAC Holdings bags award for investment excellence

29.05.2025

PAC Holdings and its subsidiaries have been honoured for outstanding performance at the 2025 Global Banking & Finance Awards, securing four prestigious accolades that underscore their excellence, innovation, and social impact within Nigeria’s financial services landscape. The group was awarded Best Investment Management Company Nigeria, a recognition that reflects PAC Holdings’ leadership and consistent strength...

IFC, Mohinani boost economy with plastic recycling

29.05.2025

The International Finance Corporation and the Mohinani Group are turning Nigeria’s plastic waste into a source of economic opportunity, with a focus on green manufacturing, job creation, and environmental sustainability. During an official visit to the Mohinani Group’s Sonnex rPET facility in Ikorodu, Lagos, recently, IFC Vice President of Corporate Support Elena Bourganskaia praised the...

Nigerian firm wins innovation award

29.05.2025

Pisi, an advertising technology company, has been honoured with the Nigerian Martech Award for Emerging Technology in Marketing. The recognition, announced on Tuesday, highlights Pisi’s innovative contributions to Nigeria’s digital marketing landscape and follows the successful launch of its cutting-edge TikTok and Telegram advertising solutions. Head of Business, Adtech at Pisi, Bukayo Ewuoso, in a...

NGX crosses N70tn as Airtel, insurance stocks rally

29.05.2025

The Nigerian Exchange closed on a bullish note on Tuesday as the equities market capitalisation surged past the N70tn mark, following renewed investor interest in heavyweight stocks like Airtel Africa and key players in the insurance sector. At the close of trading, the All-Share Index rose by 1,721.29 points, representing a 1.57 per cent increase...

Moniepoint gets recognition

29.05.2025

Moniepoint Inc. has been ranked by the Financial Times as one of Africa’s fastest-growing companies for the third consecutive year, reinforcing its rapid growth as one of the continent’s leading financial institutions for Africans everywhere. The recognition highlights Moniepoint’s continued ability to achieve strong, scalable growth. In a market where few companies successfully balance size...

Lagos Invests Over N8b In 143 Festivals

29.05.2025

The Lagos State Government has invested more than N8 billion to boost the creative and arts sector and attract more investors to the entertainment industry. Commissioner for Tourism, Arts and Culture, Toke Benson-Awoyinka said the investment reflects the unwavering commitment of the Babajide Sanwo-Olu administration to positioning Lagos as the leading hub for arts, culture...