Business – Page 116 – Rise Africa

States Urged to Revive Modular Refineries in Nigeria

13.03.2026

The Lagos Chamber of Commerce and Industry has urged state governments to rehabilitate existing state-owned modular refineries and encourage more refining projects to deepen competition in Nigeria’s downstream petroleum sector. The chamber stated that increasing the number of operational refineries would help moderate petrol prices naturally and alleviate concerns about market dominance. This follows an...

Interest rate cut offers gradual relief for manufacturers

13.03.2026

The recent decision by the Central Bank of Nigeria to reduce the benchmark interest rate by 50 basis points signals gradual relief for manufacturers, according to the Managing Director and Chief Executive Officer of Coleman Technical Industries Limited, George Onafowokan. In a statement, Onafowokan noted that the decision marks a shift from aggressive monetary tightening...

GAWIM Urges Mentorship for Women in Healthcare Leadership

13.03.2026

The organisers of the Global Africa Women in Medicine Summit have emphasised the need for mentorship and leadership development among female doctors to drive transformation in Africa’s healthcare sector. The call comes ahead of the 2026 Global Africa Women in Medicine Summit, organised by the Excellence in Medicine Ladies Network, which aims to strengthen leadership...

Homegrown Talent Drives Hospitality Growth in Nigeria

13.03.2026

Nigeria’s hospitality sector is entering a phase of rapid growth, driven by a combination of homegrown leadership and partnerships with global hotel brands. With over 3,700 new rooms projected to come online by 2029, investors and operators are turning to professional management models to scale operations efficiently while meeting evolving customer expectations. The Chief Operating...

Nutri-Milk spotlights consumer experiences in new campaign

13.03.2026

Nutri-Milk has allowed consumers to share their personal stories, adopting real-world voices and user-generated content to position the brand and communicate its offerings. Nutri-Milk said it engaged users during its Valentine’s season campaign, according to a statement. The beverage brand, through its #NutriMilkLoveStory campaign, encouraged members of its community to document authentic stories of love...

Firm Promotes Climate Intelligence in Nigeria’s Health Secto

13.03.2026

McEnies Global Communications is expanding its role in Nigeria’s growing climate intelligence ecosystem through its participation in the Weather and Climate Information Services for Resilience Health project, an international initiative aimed at strengthening the use of weather and climate data to improve health outcomes nationwide. The Lagos-based strategic communications firm said on Thursday that its...

Nigerian equities market rebounds with N649bn gain

13.03.2026

The Nigerian stock market reversed the negative trend witnessed in the previous two trading sessions, recording a gain of N649bn on Thursday. The All-Share Index rose by 1,010.22 points, representing an increase of 0.52 per cent to close at 196,908.76 points. Market capitalisation gained N649bn to close at N126.399tn. The upturn was driven by gains...

Consolidated Hallmark Drives Gender Parity Agenda

13.03.2026

Consolidated Hallmark Holdings Plc marked International Women’s Day 2026 with a high-level call for systemic change in the financial services sector, advocating for an aggressive push toward gender parity and increased female representation in C-suite roles. During a “Green Vibes” celebration at the Group’s Lagos headquarters, industry leaders gathered under the theme ‘Give to Gain’...

Women in Finance: Driving Nigeria’s Market Growth

13.03.2026

Panellists at the Chartered Institute of Stockbrokers’ International Women’s Day 2026 celebration on Tuesday emphasised the growing influence of women in Nigeria’s financial markets. The event brought together industry professionals, regulators, and stakeholders under the theme ‘Give to Gain – Women Empowering Women Through Capital, Advisory & Investment’, with discussions focused on ‘Why Women Must...

NB acquires stake in Ogun plastic recycling project

13.03.2026

Nigerian Breweries Plc has acquired 29% stake in a recycled Polyethene Terephthalate production facility in Ogun State. The brewers formally notified the Nigerian Exchange of its entry into a strategic partnership to establish a food-grade recycling venture, in a major move to bolster its sustainability credentials and navigate a tightening regulatory environment. The project, which...