Business – Page 110 – Rise Africa

Deap Capital secures approval for recapitalisation plan

16.03.2026

Deap Capital Management & Trust Plc has officially cleared the path for a major corporate transformation, receiving unanimous shareholder approval to proceed with a comprehensive recapitalisation and strategic repositioning plan. The approval, granted during the company’s 12th Annual General Meeting held in Lagos, marks a turning point for the firm as it pivots to become...

Mixed Auction Results Weigh on Nigerian Fixed-Income Market

16.03.2026

The Nigerian fixed-income market experienced a challenging week, characterised by persistent bearish sentiment and cautious investor activity across both primary and secondary market segments. Market participants continued to navigate a complex environment defined by domestic liquidity fluctuations and external global pressures. Reflecting on the current market stance, analysts at Meristem Securities noted that “investors remain...

Otti approves 100 hectares for Air Force base in Abia

16.03.2026

The Abia State Governor, Dr Alex Otti, has approved 100 hectares of land within the Abia Airport Project Site for the Nigerian Air Force to build its training base in Abia State. The Chief Press Secretary to the Executive Governor of Abia State, Ukoha Njoku Ukoha, disclosed this in a recent statement obtained by The...

How Smart Devices Can Prevent Building Collapse in Nigeria

16.03.2026

The Building Collapse Prevention Guild, Ojodu Cell, has urged building owners, managers and regulators to adopt smart monitoring devices in all high-risk buildings, enabling real-time alerts, timely evacuation and a safer urban environment across Nigeria. This statement comes days after a school building collapse in the Ogba area of Lagos State, which left no one...

Estate Firm Urges Stronger Property Investment Participation

16.03.2026

A Lagos-based real estate development company, Urban Living Limited, has marked its third anniversary with a call for deeper participation in structured property investment, stating that the next phase of its growth will focus on expansion and stronger engagement with investors. The company said the milestone signals a foundation for broader growth as demand for...

LAWMA Arraigns Seven for Allegedly Assaulting Operatives

16.03.2026

The Lagos Waste Management Authority has arraigned seven suspects before the Special Offences (Mobile) Court sitting in the Ikeja Magisterial District for allegedly assaulting its enforcement operatives. The defendants, according to a LAWMA statement on Wednesday, were Olamilekan Abdullahi (21), Akeem Olamilekan (24), Frank Tom (25), Sakiru Jamiu (20), Emmanuel Abiodun (41), Olarewanju Onyowale (35)...

NIA backs stricter rules for the insurance industry

16.03.2026

The Director-General of the Nigerian Insurers Association, Bola Odukale, in an address to the industry, has said that the evolving complexity of regulatory requirements is designed to align the Nigerian insurance sector with international best practices rather than serve as a burden. The call to action, delivered during the Annual General Meeting of the Risk,...

Consolidated Hallmark & LBS Deepen Knowledge Exchange

16.03.2026

Consolidated Hallmark Holdings Plc recently hosted a delegation from the Lagos Business School Alumni Association in a strategic move designed to foster synergy between industry expertise and academic excellence. The visit, according to a statement from the company, served as a platform for both organisations to explore collaborative opportunities aimed at driving professional development and...

Prudential Insurance finance manager resigns from position

16.03.2026

The Finance Manager of Prudential Insurance Plc, Chidi Michael, has resigned from the position, the leading provider of technology and share registration services has formally announced. The departure, which took effect on 28 February 2026, was confirmed in an official notice submitted to the Nigerian Exchange Limited. To ensure operational continuity, Prudential Africa has appointed...

NEM Insurance Pledges Inclusive Workplace for Women

16.03.2026

NEM Insurance Plc, Nigeria’s leading motor insurance provider, marked International Women’s Day 2026 with a vibrant celebration, reaffirming its dedication to fostering an inclusive environment that empowers women to excel in their professional and personal endeavours. Speaking at the corporate headquarters in Lagos, the Chairman of NEM Insurance Plc, Tope Smart, stated that the company...