Business – Rise Africa

A Value-Driven Framework for Nigeria’s Creator Economy

24.01.2026

Nigerian creator economy stakeholders have called for a value-driven framework for both creators and brands, as debates over ethics, compensation, and expectations continue to shape the country’s fast-growing influencer market. These stakeholders, including brands, agencies, legal practitioners, and media executives, at The Partnership Blueprint, an industry forum hosted by Phenom Communications recently in Lagos, advocated...

Shell’s Bonga South-West project gets presidential approval

24.01.2026

President Bola Tinubu has approved targeted incentives to unlock Shell’s long-delayed $5bn Bonga South-West deep-offshore oil project. He also directed his Special Adviser on Energy, Olu Verheijen, to facilitate the gazetting of the incentives in line with Nigeria’s existing legal and fiscal frameworks. Tinubu gave the approval on Wednesday while receiving a Shell delegation led...

Nestlé Nigeria Achieves 100% Plastic Neutrality

24.01.2026

Nestlé Nigeria has announced that it has achieved 100 per cent plastic neutrality, taking back every tonne of plastic it introduced into the market. The achievement was made possible through the Food and Beverage Recycling Alliance, Nigeria’s first Producer Responsibility Organisation, established in 2018 under the Extended Producer Responsibility policy. Since its inception, FBRA has...

Tight Monetary Policy Cut Nigeria’s Inflation by 10%

24.01.2026

Nigeria’s sustained monetary tightening has played a central role in slowing inflation, with research estimates showing that the Central Bank of Nigeria’s policy stance accounted for as much as 10 percentage points of the decline in headline inflation, the Governor of the Central Bank of Nigeria and Chairman of the Monetary Policy Committee, Olayemi Cardoso,...

Kuda Upgrades Business Banking to Serve NGOs & Churches

24.01.2026

Kuda has announced that it has updated its business banking services to enable it to serve non-governmental organisations and incorporated trustees. The institution revealed that the update means religious organisations, charities, and other registered organisations no longer have to navigate the long wait and paperwork traditionally associated with setting up a business account. The SVP...

Trump Sues JPMorgan for $5bn Over Account Closure

24.01.2026

The President of the United States of America, Donald Trump, has sued the nation’s largest bank, JPMorgan Chase, and its Chief Executive Officer, Jamie Dimon, for allegedly dropping him as a client in 2021 over his political affiliations. According to Reuters, a counsel for Trump, Alejandro Brito, filed the $5bn lawsuit on Thursday in a...

Govt Confirms N152bn in Contractor Payments Amid Protests

24.01.2026

The Federal Government has said it disbursed N152bn to contractors for what it described as verified contracts, amid lingering protests over outstanding payments. In a statement on Thursday, the Minister of State for Finance, Doris Uzoka-Anite, said the payments followed strict verification procedures in line with existing laws and regulations. Uzoka-Anite noted that the Federal...

Nigerian Equity Market Trades Hit a Record N11.92tn in 2025

23.01.2026

Nigeria’s equity market recorded a historic performance in 2025 as total transactions rose sharply to N11.92tn, driven by a resurgence in foreign portfolio participation and sustained dominance by domestic investors. According to the Domestic & Foreign Portfolio Participation in Equity Trading Summary of Transactions as of 31 December 2025, released by the Nigerian Exchange Limited...

BOI appoints Olayinka Mubarak as new investment subsidiary M

23.01.2026

The Bank of Industry has announced the appointment of Olayinka Mubarak as the Managing Director of BOI Investment & Trust Company Limited, its wholly owned subsidiary. According to the bank in a statement on Thursday, Mubarak brings over 25 years of experience in banking and financial services, spanning development finance, treasury management, public sector, commercial...

Nigeria’s Cashew Exports Generate Over $400m in Revenue

23.01.2026

Nigeria’s cashew industry has contributed over $400m in export earnings, supporting the country’s non-oil revenue, but industry leaders say the sector has the capacity to deliver greater value through increased production, processing, and domestic consumption. President of the Federation of Agricultural Commodity Associations of Nigeria, Sheriff Balogun, said this at the 4th Nigeria Cashew Day...