Business – Rise Africa

Global Equities Slide Amid Rising Middle East Unrest

11.03.2026

Global financial markets faced a seismic shock on Monday as the intensification of the conflict between the United States, Israel and Iran sent crude oil prices soaring above $120 per barrel. The violent escalation, which has targeted critical energy infrastructure and effectively halted transit through the Strait of Hormuz, has triggered a wave of risk...

Nigerian bank recapitalisation: Focus on structural resilien

10.03.2026

As the 31 March 2026 recapitalisation deadline for Nigerian banks enters its final stretch, a new directive from market analysts is shifting the conversation from simple regulatory survival to long-term competitive dominance. BusinessNG’s Banking Market Intelligence Unit has issued a fresh advisory, cautioning investors that the “binary” era of merely checking for Central Bank of...

FCMB Group meets CBN’s N500bn recapitalisation mandate

10.03.2026

FCMB Group Plc has officially announced the successful completion of the capital raise programme undertaken for its banking subsidiary, First City Monument Bank Limited. In a statement signed by the Group Chief Executive, Mr. Ladi Balogun, and sent to the Nigerian Exchange on Monday, the Group confirmed it has received all requisite approvals from the...

SEC Urges Stronger Women Participation in Capital Market

10.03.2026

The Securities and Exchange Commission and industry experts on Monday called for stronger participation of women in Nigeria’s capital market, stressing that female professionals play a critical role in strengthening financial institutions and expanding investor confidence. The call was made during the commemoration of International Women’s Day at the SEC headquarters in Abuja, where regulators...

Dangote fertiliser demand rises amid global supply shortages

10.03.2026

Demand for Dangote fertiliser has surged lately as the ongoing US–Israel conflict with Iran disrupts global fertiliser supplies, Bloomberg reports, quoting the Vice President of Dangote Industries Limited, Devakumar Edwin. According to Edwin, demand has increased significantly because of shortages in the international market. “Demand has gone up substantially due to the shortage in the...

Pathway Advisors leads N11.45bn Lekki Gardens issuance

10.03.2026

Pathway Advisors Limited announced on Monday that it acted as the lead issuing house, financial adviser, and transaction sponsor to the N11.45bn oversubscribed Series 2 Commercial Paper Issuance under the N25bn Commercial Paper Programme of Lekki Gardens Estate Limited, approved by the Securities and Exchange Commission, in November 2025. Originally offered at N10bn, the March...

Customs Sensitisation for National Single Window Launch

10.03.2026

Ahead of the Phase One launch of the National Single Window, scheduled for March 27, 2026, the NSW Secretariat commenced a major sensitisation drive for the Nigeria Customs Service in Lagos on Monday. The engagement brought together senior officers and operational personnel of the NCS to deepen understanding of the NSW initiative and its role...

Bitget Stock Futures Volume Surpasses $1 Billion Mark

10.03.2026

Global crypto exchange Bitget has officially announced that its US stock-linked futures trading volume surpassed the $1 bn milestone on Monday. The achievement reflects a significant shift in trading behaviour, as investors increasingly seek unified access to both traditional equity exposure and digital assets within a single platform. The growth, which doubled its momentum in...

DisCos revenue hits N2.3tn despite erratic power supply

10.03.2026

Nigeria’s electricity distribution companies recorded a combined revenue of about N2.33tn in 2025, despite persistent consumer complaints over poor service delivery, estimated billing, and frequent power outages across the country. An analysis of monthly revenue data from the Nigerian Electricity Regulatory Commission showed that the 12 power distribution companies generated N2.325tn from electricity customers during...

Funding Gaps Cause February Salaries Delay for Federal Staff

10.03.2026

The Office of the Accountant-General of the Federation has attributed the delay in the payment of February 2026 salaries for staff of the Federal Ministry of Steel Development and four federal agencies to shortfalls in personnel cost allocations. This disclosure was contained in a statement by the Director of Press and Public Relations at the...