Business – Page 104 – Rise Africa

NADDC Plans Nnewi Automotive Park to Reduce Vehicle Imports

19.03.2026

The National Automotive Design and Development Council has unveiled plans to establish a major Automotive Development Park in Nnewi, Anambra State, in a renewed push to close longstanding gaps in Nigeria’s automobile industry and reduce dependence on imports. Director-General of the Council, Oluwemimo Osanipin, disclosed this on Tuesday in Abuja while highlighting key initiatives under...

Jumia Reaffirms Commitment to Consumer Protection in Nigeria

19.03.2026

Jumia Nigeria on Tuesday underscored its dedication to consumer protection as the world observed World Consumer Rights Day, highlighting technology-driven safeguards and robust policies to ensure product authenticity on its platform. Speaking at a high-level panel hosted by the Lagos State Consumer Protection Agency at the Lagos Marriott Hotel in Ikeja, Peters Afebuame, Group Head...

Blackout Causes Chaos at Lagos Airport After Cable Damage

18.03.2026

Panic and confusion gripped passengers at the international wing of the Murtala Muhammed International Airport on Tuesday night after a damaged electric cable triggered a sudden blackout, plunging parts of the terminal into darkness. The outage, which occurred during peak travel hours, disrupted passenger check-in processes and left many stranded as airline staff and airport...

OneDosh Simplifies Cross-Border Payments for Remote Workers

18.03.2026

A growing number of Nigerian professionals are turning to fintech solutions like OneDosh to streamline cross-border payments and manage international income, the company said in a statement. The global shift to remote work, accelerated by the COVID-19 pandemic, has created unprecedented opportunities for professionals to work with companies across borders. But for many in Nigeria,...

NRC’s GDP Contribution Drops Sharply Amid Train Incidents

18.03.2026

The Nigeria Railway Corporation’s contribution to the nation’s Gross Domestic Product fell sharply to -2.835 per cent in the fourth quarter of 2025, a contrast to the 42.576 per cent growth recorded in the same period of 2024. Figures from the Q4 2025 GDP breakdown show that Rail Transport and Pipelines recorded -2.835 per cent...

NRC’s GDP Contribution Plummets to -2.8% Amid Train Incident

18.03.2026

Business

inDrive invests N1.2bn in driver healthcare scheme in Nigeri

18.03.2026

Global mobility platform inDrive has deepened its investment in driver welfare with the expansion of its Platinum Driver Programme in Nigeria, committing over N1.2bn in rewards and healthcare support through a new partnership with healthtech company Heala. The initiative, which introduces affordable telemedicine services for top-performing drivers, allows beneficiaries to access healthcare directly through the...

Nigerian Aviation Hall of Fame Announces 2026 Inductions

18.03.2026

The Nigerian Aviation Hall of Fame has announced plans to host its 2026 induction ceremony, where distinguished aviation professionals will be honoured for their contributions to the growth and development of the sector. The event, scheduled for May 2026, marks the second edition of the prestigious initiative and is expected to celebrate a new class...

Lufthansa reports surge in sustainable travel options demand

18.03.2026

The Lufthansa Group has reported a surge in demand for more sustainable travel options, with over five per cent of its passengers opting for eco-friendly offerings in 2025. The airline group said this marks a significant increase compared to four years ago when the figure was below 0.1 per cent, highlighting growing awareness among travellers....

UniCloud Africa appoints Krishnan Ranganath as new CEO

18.03.2026

UniCloud Africa Limited, a leading pan-African cloud platform focused on advancing digital sovereignty, has appointed Dr Krishnan Ranganath as its Chief Executive Officer. Dr Ranganath, widely known as Krish, brings extensive experience in building and scaling digital infrastructure across Africa, with a strong focus on operational excellence. His appointment comes as UniCloud Africa launches enterprise-grade...