Business – Page 103 – Rise Africa

Customs probe fatal Osogbo anti-smuggling operation

19.03.2026

The Nigeria Customs Service, Oyo/Osun Area Command, said it has commenced a thorough investigation into the precise circumstances surrounding the Osogbo incident where two people were reported dead during the service’s anti-smuggling patrol in the area. The Command disclosed this in a statement on Monday by its Public Relations Officer, Abdulmalik Akintola, an Assistant Superintendent...

Freight Forwarders Rebrand Committee to Boost Nigeria’s Trad

19.03.2026

The National Association of Government Approved Freight Forwarders said it has rebranded its Trade War Advocacy Committee to the Trade Advocacy Committee, signalling a shift towards a more collaborative and solution-driven engagement within the maritime sector. In a press statement on Tuesday, the Founder of NAGAFF, Boniface Aniebonam, explained that the decision followed sustained calls...

NLNG trains journalists on AI and digital media in Lagos

19.03.2026

Nigeria LNG Limited has reinforced its commitment to media development with the successful completion of the NLNG Change Your Story workshop for 2026, held in Lagos. The workshop brought together 40 participants from diverse media organisations to examine the evolving landscape of journalism shaped by artificial intelligence and digital communication. Discussions at the event focused...

Championing Gender Equality & Women’s Leadersh

19.03.2026

Miss Nigeria said it is championing gender equality by transforming its platform from traditional pageantry into a leadership incubator for young women. In a statement, the organisation said women’s progress is not a monolith, noting that for one woman, opportunity is a classroom; for another, it is a boardroom or the diplomatic stage. It said...

Nigerian tax reform to promote fairness and opportunity

19.03.2026

Nigeria’s sweeping tax reform programme will ultimately be judged not by how much revenue it generates, but by how fairly it distributes opportunities across society, the Federal Government has said. This was disclosed by the Minister of State for Finance and Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, at the...

Nigeria’s 2025 oil licensing round enters bidding stage

19.03.2026

The Nigerian Upstream Petroleum Regulatory Commission has advanced Nigeria’s 2025 oil and gas licensing round to a critical stage, announcing the completion of the pre-qualification process and formally notifying successful applicants, in a move that signals the transition from screening to competitive bidding. In a statement issued on Tuesday, the commission announced that the milestone,...

FG ends Nigerian Customs’ 7% FAAC deduction policy

19.03.2026

The Federal Government, through the Federation Account Allocation Committee, has discontinued the long-standing seven per cent cost-of-collection deduction previously retained by the Nigerian Customs Service from Federation Account revenues, a move that effectively removes the agency from direct allocations of shared federal earnings, The PUNCH has gathered. An analysis of the Federation Account Allocation Committee...

SWDC partners FTID for South-West rural development

19.03.2026

The South-West Development Commission has partnered with the Technology Innovation and Sustainable Development for a project that will boost food production and improve infrastructural development in South-West rural communities. According to a statement on Tuesday, the project, christened ‘Transformed Communities’, will be structured to support clusters of contiguous farming communities through coordinated improvements in essential...

Nigeria gets £746m UK deal for port modernization

19.03.2026

The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has unveiled a landmark £746m financing agreement with the United Kingdom that will deliver the modernisation of Nigeria’s seaport infrastructure, transforming the country’s principal maritime gateways and repositioning its port system for global competitiveness. This was contained in a Tuesday statement by the Special Adviser...

Akure Airport Breach Wasn’t Targeted, Minister Clarifies

19.03.2026

The Minister of Aviation and Aerospace Development, Festus Keyamo, has assured Nigerians that the recent security breach at Akure Airport in Ondo State was not a targeted attack on the facility, insisting that both the airport and its passengers were never the intended victims. Keyamo made this clarification during an interview on a public affairs...