Business – Page 101 – Rise Africa

Stakeholders Push for Equity in Housing Sector in Nigeria

20.03.2026

Stakeholders in Nigeria’s built environment have renewed calls for greater inclusion and equity in the construction and housing sector, emphasising the need to expand opportunities for women and promote wealth creation across the industry. The call was made in a statement issued on Thursday by the Founder of the Africa Women in Housing and Construction,...

Poor succession threatens Nigerian family businesses

20.03.2026

The Lagos Business School has warned that poorly managed leadership transition, not market competition, remains the biggest threat to the survival of family-owned businesses in Nigeria. In a statement, the Family Business Initiative called for stronger governance structures to ensure accountability without weakening family cohesion. Family-owned enterprises dominate Nigeria’s SME landscape and provide employment across...

Ovaltine opens £24m manufacturing facility in Lagos

20.03.2026

British beverage maker Twinings Ovaltine has opened a £24m manufacturing facility in Lagos, marking its first production site in Africa and expanding trade ties between the United Kingdom and Nigeria. The facility, which is expected to create more than 100 direct jobs, will increase the company’s production capacity and boost exports across West Africa. The...

Airport Intrusion Fears Rise in Nigeria After Security Breac

20.03.2026

Aviation security experts have raised fresh concerns over the safety of Nigerian airports, warning that incidents of intrusion and security breaches may persist unless urgent steps are taken to strengthen infrastructure and surveillance systems. The warning follows a recent security breach at Akure Airport in Ondo State, where suspects believed to be suppliers to kidnappers...

Fuel Price Surge Threatens Nigerian Manufacturing Sector

20.03.2026

Rising fuel prices driven by escalating tensions in the Middle East may disrupt Nigeria’s manufacturing sector and broader economy, with operators warning of mounting pressure on supply chains, production costs, and consumer prices. The Manufacturers Association of Nigeria warned that surging fuel prices pose a significant risk to manufacturing operations, stressing that heavy reliance on...

REA & Lotus Bank Deliver N7.4bn Renewable Project in Ebonyi

19.03.2026

Barely weeks after the Rural Electrification Agency and Lotus Bank signed a landmark N100bn Memorandum of Understanding, the partnership has begun to yield results as Ventura Logistics Services has secured N7.4bn in financing to deploy renewable energy infrastructure across eight key sites in Ebonyi State. The funding, backed by the Distributed Access through Renewable Energy...

Nigerian stock market cap slips below N130tn threshold

19.03.2026

The Nigerian Exchange Limited experienced a modest retreat during Wednesday’s trading session as a wave of investor caution and profit-taking pulled the market valuation below the significant N130tn threshold. The NGX All-Share Index, which serves as the primary benchmark for the health of the market, opened the day at 202,559.41 points but slipped by 0.69...

Transcorp Hits N4.87tn Market Cap, Eyes Record Dividends

19.03.2026

Transnational Corporation Plc has signalled a new era of dominance in the African investment landscape, announcing a historic combined market capitalisation of N4.87tn ($3.57bn) as of 16 March 2026. The conglomerate, which has become a bellwether for the Nigerian Exchange, accompanied this valuation milestone with a commitment to reward its 311,000 shareholders with record-breaking dividend...

Mojec’s Role in Cutting Estimated Billing in Nigeria Hailed

19.03.2026

The Minister of State for Industry, Trade and Investment, John Enoh, has commended Mojec International Limited and its renewable energy subsidiary, V-Solaris, for their role in reducing estimated billing and expanding access to electricity across Nigeria. In a statement on Wednesday, Enoh gave the commendation during a visit to the Mojec/V-Solaris exhibition stand at the...

NNPC boosts crude supply to Dangote amid oil price surge

19.03.2026

The Nigerian National Petroleum Company Limited has intensified efforts to ensure a steady crude oil supply to the Dangote Petroleum Refinery as part of moves to stabilise fuel availability across the country, especially with Brent hitting $108 per barrel. This comes amid heightened global oil market volatility occasioned by tensions in the Middle East and...