Business – Page 11 – Rise Africa

CIoD Nigeria Urges Stronger Corporate Governance & Growth

06.03.2026

The President and Chairman, Governing Council of the Chartered Institute of Directors Nigeria, Otunba Adetunji Oyebanji, has emphasised the need for members to remain committed to upholding the highest standards of corporate governance and ethical leadership. Oyebanji also urged CIoD members to prioritise integrity, innovation, and membership drive even as they remain a benchmark for...

Dufil Opens Nominations for 18th Indomie Heroes Awards

06.03.2026

Dufil Prima Foods, makers of Indomie Instant Noodles, has officially announced the 18th edition of the Indomie Heroes Awards, unveiling a nationwide call for nominations to identify and celebrate extraordinary Nigerian children whose acts of bravery, compassion, and ingenuity are shaping a brighter future for the country. The 2026 edition introduces two significant updates aimed...

CBN gold holdings rise to $3.5bn, boosting foreign reserves

05.03.2026

The Central Bank of Nigeria has received domestically sourced gold refined to international standards into the country’s foreign reserves, raising its total gold holdings to about $3.5bn. The apex bank disclosed this in a statement issued on Wednesday, noting that the bullion was refined to the London Bullion Market Association Good Delivery standards. The statement...

vivo Y31d launches in Nigeria with a massive battery

05.03.2026

vivo has introduced the vivo Y31d, a well-rounded smartphone designed for users who value long-lasting battery performance, durability, and everyday usability. The event, which was held in Lagos, showcased the best of endurance, supporting high productivity, entertainment with confidence, and consistency. Speaking during the launch, Chief Executive Officer, vivo Nigeria, Toni Liu, stated: “The Y31d...

Investors pledge to unlock maritime strategic potential

05.03.2026

A coalition of indigenous maritime tourism and transportation investors has pledged to unlock strategic investment opportunities aimed at developing Nigeria’s vast but largely untapped maritime tourism economy for the benefit of littoral communities in Lagos and across the country. In a statement released on Wednesday, the group, operating under the auspices of the Allied Concessionaires...

TGI & Lutessy Clash Over N50m Stock

05.03.2026

A disagreement has emerged between TGI Foods and its distributor, Lutessy Foods and Services, over contractual obligations, sales support arrangements, and unsold inventory worth about N50m. Lutessy Foods alleges that delays in product supply and the withdrawal of sales representatives contributed to a build-up of inventory in its warehouses, with some goods approaching their expiry...

WIEN Pushes for Gender Equity in Nigeria’s Oil Sector

05.03.2026

The Women in Energy Network has called for urgent structural reforms in Nigeria’s oil and gas industry to remove systemic barriers that limit women’s participation across the workforce, leadership, and enterprise ownership. During a policy engagement with the Special Adviser to the President on Energy, Olu Verheijen, WIEN presented sector data highlighting persistent gaps. According...

AGMB & Cutstruct Unveil New Housing Finance Model

05.03.2026

AG Mortgage Bank PLC and Cutstruct Technologies Limited have partnered to launch a new housing finance model that would curb fund diversion, improve project completion rates and generally strengthen the housing delivery system in the country. In a statement on Tuesday, it was indicated that the initiative was unveiled at a developers’ forum co-hosted by...

SPE Pushes Reforms for Nigeria Oil Production Target

05.03.2026

The Chairman of the Society of Petroleum Engineers Nigeria Council, Engineer Francis Nwaochei, has called on stakeholders across the oil and gas value chain to align policies, capital, and digital innovation to enable Nigeria to reach and surpass three million barrels per day (mbpd) of crude oil production. Speaking in Lagos at a press conference...

NIMASA partners WMU to boost maritime human capital

05.03.2026

The Nigerian Maritime Administration and Safety Agency has announced renewing its strategic capacity development partnership with the World Maritime University, Malmö, Sweden, through the signing of a four-year Memorandum of Understanding aimed at strengthening Nigeria’s maritime human capital and institutional capacity. The Deputy Director and Head of Public Relations at NIMASA, Mr Osagie Edward, announced...