July 2025 – Page 25 – Rise Africa

African Creative Economy to Rival Oil & Gas

29.07.2025

The Director of Intra-African Trade and Export Development (Creatives and Diaspora) at the African Export-Import Bank, Temwa Gondwe, speaks with ARINZE NWAFOR on how Africa’s creative economy is rapidly evolving into a key driver of economic transformation, capable of matching, or even surpassing, the contribution of oil and gas. He also outlines how Afreximbank addresses...

Nigeria’s FX Stability in Focus After MPC Rate Decision

29.07.2025

Financial analysts are optimistic that the Monetary Policy Committee of the Central Bank of Nigeria holding benchmark rates will further sustain relative stability in the country’s foreign exchange market and the downtrend of inflation, writes FELIX OLOYEDE Before the last Monetary Policy Committee meeting of the Central Bank of Nigeria, there were mixed expectations. Some...

Africa Quality Awards & Exhibition Set for Lagos

29.07.2025

The African Quality Academy is set to host the 11th edition of the African Quality Congress, African Quality Achievements Awards, and Exhibition later this month at the Oriental Hotel, Victoria Island, Lagos. The event, themed “Managing Quality for Growth, Innovation, and Improvement,” aims to promote quality culture, standards, and best practices across Africa. According to...

Art Empowers Abuja IDPs With New Skills

29.07.2025

Art in Heart Gallery Limited has taken its passion for creativity to over 200 internally displaced persons in New Kuchingoro, Abuja, with the aim of inspiring hope and transformation through art and crafts. The initiative, designed to connect IDPs to their creative essence, enables them to produce art and crafts that will be beneficial within...

Nigeria’s Rebased GDP Hits N372.8tn: Experts Raise Productiv

29.07.2025

Economists have noted that productivity remains a challenge in the Nigerian economy, despite the rebasing of the Gross Domestic Product, which has boosted the economy to N372.8tn. They argued that while there has been an update to the metrics for measuring the economy, the challenges are still present, and the effects are far from transforming...

Gombe Govt Approves 365 Hectares Of Land For GSU Faculty Of Agriculture

29.07.2025

…Council Okays Installation of Additional Solar Street Lights Across State Capital …Sets Committee to Revitalize Water Supply in Gombe Metropolis, Environs The Gombe State Government has approved 365 hectares of land for the newly established Faculty of Agriculture at Gombe State University, Malam Sidi Campus, to ensure a smooth take-off and promote academic excellence. The...

Golden Penny Foods Pledges Quality Nutrition at Enugu Food F

29.07.2025

Golden Penny Foods, a Flour Mills of Nigeria Plc brand, has pledged to nourish Nigerian families with quality food products, following real-time feedback from consumers during its debut food festival in Enugu. According to a statement, the event, held at Ngwo Park, Uwani, drew hundreds of residents, families, students, and food lovers who participated in...

EERC Insists Only States Can Make Laws On Electric Distribution

29.07.2025

…Says denying any state federation account-funded electricity subsidy unconstitutional The Enugu State Electricity Regulatory Commission (EERC) has responded to the Public Notice issued by the National Electricity Regulatory Commission, (NERC), questioning its power tariff slash for Band A customers in the state from N209/kWh (per kiloWatt) to N160/kWh, effective from August 1, 2025. EERC said...

Bayelsa Community Appoints Lumumba Tuke As Caretaker Chairman Of Ikebiri Kingdom.

28.07.2025

Stakeholders and concerned Indigenes of the Ikebiri Kingdom which comprised Ikebiri 1, Ikebiri 2, and Ikebiri 3 (Opuadino) communities in Southern Ijaw Local Government Area, Bayelsa State have appointed Lumumba Tuke as Caretaker Chairman of the Kingdom till further notice. This was as the kingdom was said to have suspended his Highness, (Chief) Francis Timi...

Be Proactive In Financial Crisis Mgt, Senate Tells NDIC Team

28.07.2025

The Senate Committee on Banking, Insurance and Other Financial Institutions has counselled newly appointed Managing Director of Nigerian Deposit Insurance Corporation (NDIC) Dr Oludare Sunday and his team to be proactive in crisis prevention in the financial institution rather than focusing solely on interventions after institutions collapse. The committee tasked the NDIC team to safeguard...