Business – Page 103 – Rise Africa

Nigeria: Banking, Fintech Top Consumer Complaints

12.09.2025

The Federal Competition and Consumer Protection Commission says banking and fintech services topped consumer complaints in Nigeria between March and August. The Commission also said that it recovered over N10 billion for aggrieved customers. The Commission disclosed in a statement by Mr Ondaje Ijagwu, its Director of Corporate Affairs, on Thursday in Lagos that it...

Nigeria’s Creative Industry Open for Global Investment

12.09.2025

The Federal Government has declared that Nigeria’s booming creative industry is ripe for investment, urging both local and foreign stakeholders to seize emerging opportunities in arts, culture, tourism, and entertainment. Reinforcing this message, the Permanent Secretary of the Federal Ministry of Arts, Culture, Tourism, and Creative Economy, Mukhtar Mohammed, called on investors and the international...

Nigerian Banks’ Interest Income Soars to N15.4tn Amid CBN Po

12.09.2025

Nigerian lenders posted a surge in interest income to N15.4tn in the past year, on the back of the hawkish stance of the Monetary Policy Committee of the Central Bank of Nigeria. This was indicated in the 20th edition of the Banking Sector Report by Afrinvest, titled ‘ACT-BOLD: Beyond a Trillion-Dollar Economy’, which was unveiled...

Lasaco Assurance Retains A(NG) Rating for Third Year

12.09.2025

Global Credit Rating has reaffirmed the rating of Lasaco Assurance Plc at A(NG) with a Stable Outlook, marking the third consecutive year. According to a statement from the firm on Thursday, the sustained rating underscored its commitment to financial strength, stability, and sustainable growth. Lasaco Assurance recently had an N10.8bn capital injection through private placement....

Dangote Refinery Rejects NUPENG’s Labour Allegations

12.09.2025

Dangote Petroleum Refinery has dismissed recent allegations made by the Nigeria Union of Petroleum and Natural Gas Workers that it banned tanker drivers from joining the union, insisting that claims of anti-labour practices, monopolistic behaviour, and planned fuel price hikes are “entirely unfounded.” NUPENG, on Monday, shut down depots, protesting that the Dangote refinery did...

BATN Champions Water Stewardship in Nigeria

12.09.2025

British American Tobacco Nigeria, BATN, has declared that it is championing collective action for sustainable water stewardship to tackle the country’s growing water challenges. According to a statement, the company’s campaign followed a recent multi-stakeholder workshop at its Ibadan factory. It featured government officials, industry leaders, and community stakeholders deliberating on strategies to improve water...

Business

Dangote, NUPENG Clash Threatens Fuel Supply in Nigeria

12.09.2025

The fragile truce between the Nigerian Union of Petroleum and Natural Gas Workers and the $20bn Dangote Petroleum Refinery has collapsed, igniting a fierce industrial dispute that threatens fuel supply stability and tests the Federal Government’s ability to enforce labour agreements. The confrontation follows allegations by NUPENG that the Dangote Group reneged on a Memorandum...

Greenus Capital Secures $23M Agric Funding for Johnvents

12.09.2025

A finance house, Greenus Capital Limited, has secured $23m debt financing for Johnvents Industries Limited to boost operations in the agricultural processing sector. According to a statement, Greenus Capital, headquartered in Victoria Island, Lagos, said the transaction reinforced its role as a leading provider of strategic advisory and capital solutions for mid-market corporations in Africa....

Fuel Depots Reopen After Dangote Agreeme

12.09.2025

Fuel loading resumed on Wednesday following the agreement signed by the Nigeria Union of Petroleum and Natural Gas Workers and the Dangote Petroleum Refinery on Tuesday. NUPENG President, Williams Akporeha, confirmed to our correspondent on Wednesday that depots and other petroleum facilities that were earlier shut down as a result of the two-day strike had...

Nigeria Secures $400M in Oil Decommissioning Liabilities

12.09.2025

The Nigerian Upstream Petroleum Regulatory Commission has announced that it secured over $400m in pre-sale decommissioning and abandonment liabilities from recent oil asset divestments in a move to prevent Nigeria from inheriting costly environmental and financial burdens. The Chief Executive of NUPRC, Gbenga Komolafe, disclosed this on Wednesday while speaking at the Nigerian Extractive Industries...