Business – Page 10 – Rise Africa

Regulators advocate transparent corporate reporting in Niger

22.04.2026

Nigeria’s capital market regulators and professional accountants have called for stronger transparency, governance, and sustainability disclosure by listed companies, as pressure mounts on firms to align corporate reporting with global standards beyond traditional financial statements. The call was made at the 3rd edition of the ICAN–NGX Corporate Reporting Awards, held in Lagos on Tuesday, where...

192 Die in Nigeria Power Sector Incidents in 2025 Report

22.04.2026

No fewer than 192 electricity workers and third parties were killed or injured in power-related incidents across Nigeria in 2025, despite a marginal improvement in safety performance in the fourth quarter, findings by the Nigerian Electricity Regulatory Commission have shown. The figure comprises 149 casualties recorded between the first and third quarters and an additional...

Freight Forwarders Seek Urgent Tariffs Review in Nigeria

22.04.2026

Concerned stakeholders in Nigeria’s freight forwarding and clearing sector have unanimously called for an urgent review of the current tariff structure. They also seek stricter enforcement of local content laws and the introduction of new regulations to create a more balanced and inclusive operating environment. Speaking last week in Lagos during a media engagement with...

CBN and NCC partner to combat SIM-related fraud in Nigeria

22.04.2026

The Central Bank of Nigeria and the Nigerian Communications Commission on Monday signed a memorandum of understanding to tackle SIM-related fraud and strengthen consumer protection across Nigeria’s digital ecosystem. The agreement, signed at the CBN headquarters in Abuja, aims to improve coordination between the financial and telecommunications sectors, focusing on combating electronic fraud linked to...

21 states delay market takeover

22.04.2026

Twenty-one states, including Rivers and Kano, are yet to assume regulatory control of their electricity markets nearly three years after the enactment of the Electricity Act 2023, even as 15 states have already transitioned to independent market oversight. The Nigerian Electricity Regulatory Commission disclosed that the states that have completed the transition have established their...

Nigeria imports US crude oil despite large exports

22.04.2026

Nigeria imported about 61.7 million barrels of crude oil from the United States between January 2024 and January 2026, underscoring the country’s growing rel iance on foreign feedstock to support domestic refining despite being a major oil producer. This is despite the fact that Nigeria exported over 300 million barrels of crude in the first...

Ardova & APM Terminals Tech Boosts Port Efficiency

22.04.2026

Ardova Plc has announced a partnership with APM Terminals, Apapa, aimed at enhancing maintenance efficiency and lubricant management across Nigeria’s maritime infrastructure. In a statement issued on Tuesday, the management of Ardova Plc described the collaboration as a strategic move to bolster the reliability of the nation’s ports. The initiative comes at a critical time...

MTN Nigeria Backs Major Lagos Youth Festival

22.04.2026

Telecommunications giant, MTN Nigeria, has announced a major move to bridge the gap between digital interaction and physical community through its headline sponsorship of “The Gathering on 100,” a massive five-day youth festival. The partnership, confirmed in a statement issued on Tuesday, represents a significant investment in Nigeria’s Gen Z and Millennial demographics. Organisers have...

FG unveils upgraded raw materials database for Nigeria

22.04.2026

The Raw Materials Research and Development Council has launched an upgraded national raw materials database designed to provide real-time data on Nigeria’s resource base, strengthen industrial planning, and improve investment decision-making. The announcement was made on Tuesday in Abuja during a media parley, where the Director-General of RMRDC, Prof. Nnanyelugo Ike-Muonso, described the platform as...

NNPC Crude Supply to Dangote Refinery Surges in April

22.04.2026

Crude oil supply from the Nigerian National Petroleum Company Limited’s trading arm surged in April 2026, with shipment records indicating that more than 1.03 million metric tonnes, equivalent to about 6.8 million barrels or over 1.08 billion litres, were delivered to the Dangote Oil and Gas Company Limited within the month. An analysis of tanker...