May 2025 – Page 46 – Rise Africa

Yikodeen secures $1.5m investment from Aruwa Capital

26.05.2025

Safety footwear manufacturer Yikodeen has secured a $1.5m investment from Aruwa Capital Management to expand its factory operations and scale production capacity. Chief Executive Officer of Yikodeen, Shamsideen Atunde, described the investment as a “vote of confidence” in the company’s manufacturing excellence, adding that the funds would be deployed to recommission its factory and boost...

Business

NNPCL, FIRST E&P support 180 schools with digital tools

26.05.2025

The NNPC Limited/FIRST Exploration & Petroleum Development Company Joint Venture, in collaboration with the Nigerian Content Development and Monitoring Board, has concluded a teacher training workshop for an education technology donation programme aimed at enhancing digital education in the Niger Delta. A statement by First E&P disclosed that the training, held at the NCDMB Complex...

Standard Chartered champions global wealth campaign

26.05.2025

Standard Chartered Bank Limited has launched its latest global wealth campaign, “Now’s Your Time for Wealth”, targeting its affluent client segment with a compelling call to action, the lender said Friday. The strategic marketing initiative underscores the bank’s commitment to growing its affluent business by connecting corporate, institutional, and high-net-worth clients to unique, sustainable growth...

Nigeria faces 50% skill gap in power sector – FG

26.05.2025

The Federal Government says it currently lacks half of the human capital required to efficiently run the country’s power sector, particularly in the growing renewable energy space. The Director-General of the National Power Training Institute of Nigeria, Ahmed Bolaji Nagode, disclosed this during the official launch of the Next Gen RESCO Programme, organised by the...

NEITI unveils climate accountability framework

26.05.2025

The Nigeria Extractive Industries Transparency Initiative has introduced a comprehensive Energy Transition and Climate Accountability Framework aimed at repositioning Nigeria’s extractive sector for climate-resilient governance and sustainable development. Unveiled at the statutory meeting of the NEITI National Stakeholders Working Group held in Umuahia, Abia State, the new framework aligns with Nigeria’s national Energy Transition Plan,...

Canada lauds Customs for recovering 65 stolen cars

26.05.2025

The Royal Canadian Mounted Police International Special Services has commended the Nigeria Customs Service over the recent recovery of 12 luxury vehicles by the RCMP Liaison Office in Lagos, adding to the 53 it earlier recovered. This is even as the RCMP commended the NCS for its unwavering commitment to safeguarding borders and disrupting transnational...

Nigeria generates 32m tonnes waste annually, says commissioner

26.05.2025

The Honourable Commissioner for Environment in Ogun State, Ola Oresanya, has said that Nigeria generates over 32 million tonnes of waste annually, posing significant environmental and health challenges. He made this known at the 2025 World Environment Day & Exhibition, themed ‘From Pollution to Innovation: Aligning Policy, Enterprise and Community for Sustainable Waste Management in...

NGX firms declared N1.1tn dividends, raised N3.68tn in 2024

26.05.2025

The Securities and Exchange Commission says listed companies on the Nigerian Exchange Ltd. declared N1.1 trillion in dividends to shareholders in 2024. The Director-General of SEC, Dr Emomotimi Agama, disclosed this in a statement on Sunday. Agama said that N1 trillion had already been paid to shareholders out of the N1.1 trillion declared. According to...

Mining reforms attracted $800m investments in 2024

26.05.2025

Minister of Solid Minerals Development, Dele Alake, has said that the country attracted over $800 million in processing investments in its solid minerals sector last year. He said this surge is attributed to the Tinubu administration’s policy shift, favouring in-country value addition and stricter licensing requirements. Alake also revealed that sector revenue climbed to more...

Expert faults Wike on land policy abuse

26.05.2025

An estate surveyor, Adamu Kasim, has criticised the Federal Capital Territory Minister, Nyesom Wike, over his directive mandating all land allottees to develop their plots within two years or risk revocation. Responding to this in a chat to our correspondent, Kasim questioned the legality and practicality of the regulation. He argued that while the minister...