June 2025 – Page 70 – Rise Africa

Petrol Price Hikes to N880: Dangote Raises Ex-Depot Rate

22.06.2025

Dangote Petroleum Refinery, on Friday, increased its ex-depot price for Premium Motor Spirit to N880 per litre. The hike represents a N55 increase from the previous rate of N825 per litre. This raises fresh concerns over fuel affordability and price volatility in the downstream sector. Checks on petroleumprice.ng, a platform tracking daily product prices, as...

GenCos Link by Dec 31

22.06.2025

The Nigerian Electricity Regulatory Commission has issued a new directive requiring all grid-connected Power Generation Companies to fully integrate their operations with the National Supervisory Control and Data Acquisition system by December 31. SCADA/Energy Management System serves as the central nervous system of grid operations—enabling automated controls, real-time fault detection, and live monitoring of power...

SEC Bans CEOs From Chairing Boards

22.06.2025

The Securities and Exchange Commission has issued a new directive prohibiting Chief Executive Officers and Executive Directors from immediately assuming the position of Board Chairman within the same company or group after leaving office. A mandatory three-year “cool off period” has been introduced before such transitions can take place. The directive is part of a...

Retail Platform for Business Growth

22.06.2025

Paga Group, one of Africa’s payments and financial services companies, has launched Doroki, a new retail business management platform aimed at helping large-scale, small, and medium-sized enterprises streamline operations, reduce inefficiencies, and accelerate growth. The launch event in Lagos on Thursday brought together Doroki’s merchant clients and industry leaders to witness the unveiling of what...

Telecom Sector Rebounds, Boosting Nigeria’s GDP

22.06.2025

The Nigerian telecom industry is making a strong recovery, contributing significantly to the country’s Gross Domestic Product, following a foreign exchange crisis that impacted the sector about two years ago. The Executive Vice Chairman of the Nigerian Communications Commission, Dr Aminu Maida, highlighted the industry’s resilience during an interactive session with newsmen in Abuja on...

Growth Advice for Nigerian Manufacturers

22.06.2025

The External Affairs Director of British American Tobacco West and Central Africa, Odiri Erewa-Meggison, has called on Nigerian manufacturers to seize the vast opportunities offered by the African Continental Free Trade Area for long-term growth and competitiveness. According to a statement, Erewa-Meggison urged companies to break free from the limitations of Nigeria’s domestic market and...

Tinubu Pledges To Protect A’Ibom’s Interest In APC

21.06.2025

President Bola Tinubu has pledged that the Federal Government will protect the interests of Akwa Ibom State as Governor Umo Eno officially joins the All Progressives Congress (APC). The President, represented by Vice President Senator Kashim Shettima at a grand reception in Uyo on Saturday, assured Governor Eno and his supporters that they will not...

EFCC Arrests Benue Gov’s Aide Over Sextortion

21.06.2025

The Economic and Financial Crimes Commission (EFCC) on Saturday announced the arrest of the Special Adviser to the Governor of Benue State on Documentation, Research, and Planning, Dr. Mkor Aondona, for alleged sextortion and cyberbullying. In a statement released by the EFCC’s Head of Media and Publicity, Dele Oyewale, Aondona was arrested on Friday in...

Renewed Banditry In Kebbi Exposes Desperate Politicians – Govt Warns

21.06.2025

The Kebbi State Government has condemned what it described as politically motivated misinformation following the recent armed banditry attack in Tadurga village, Zuru Local Government Area. The government accused certain desperate politicians of spreading falsehoods about the incident in a bid to score cheap political points and destabilize public trust. In a statement issued by...

ACPN Replies NARD, Calls For Healthcare Reform

21.06.2025

The Association of Community Pharmacists of Nigeria (ACPN) has responded strongly to recent statements by the National Association of Resident Doctors (NARD), challenging assertions about physician-led hospital leadership and professional boundaries within Nigeria’s healthcare system. In a statement signed by the ACPN National Chairman, Pharm. Ambrose Ezeh, the association addressed two key issues raised by...