Business – Page 117 – Rise Africa

Nigeria’s External Debt Service Reaches $5.2bn in 2025

12.03.2026

Nigeria spent about $5.21bn servicing external debt obligations in 2025, accounting for more than 72 per cent of the country’s total international payments during the year, data obtained from the Central Bank of Nigeria has shown. Figures published on the CBN website indicated that external debt service rose from $4.66bn in 2024 to $5.21bn in...

Nigerian Refiners Urge Local Crude Pricing to Stabilize Fuel

12.03.2026

The Crude Oil Refinery Owners Association of Nigeria has called for the adoption of a domestic crude oil pricing framework that would allow local refineries to access crude at more realistic prices, saying such a move would help stabilise fuel costs and shield Nigerians from global oil market volatility. The association said removing freight and...

Guinness Pushes Women Empowerment for Business Growth

12.03.2026

Guinness Nigeria Plc has marked this year’s International Women’s Day with a panel session focused on mentorship, inclusion, and collective empowerment as key drivers of sustainable value creation. A statement from the firm stated that the event, held at the company’s headquarters in Lagos, brought together corporate leaders, development experts, and employees to discuss strategies...

Naira Appreciates to ₦1,376/$ at Official Market

12.03.2026

The naira appreciated further at the official market on Wednesday, trading at N1,376.19 to the United States dollar, according to data released by the Central Bank of Nigeria. Data on the CBN’s website showed that the naira gained N25.20 against the dollar at the Nigerian Autonomous Foreign Exchange Market. The gain represents a 1.8 per...

Bitget unveils app blending crypto & traditional finance

12.03.2026

Bitget, the world’s leading Universal Exchange, has confirmed the global availability of its recently upgraded mobile app. The update features a side-by-side display of crypto and traditional financial markets on the homepage, a product evolution reflecting how traders increasingly move between asset classes within a single session. Following the January rollout of TradFi trading, the...

NeoLife Moves to Curb Unethical Distributor Conduct

12.03.2026

NeoLife Nigeria has cautioned its distributors against unethical business practices, warning that individuals found misrepresenting the company or exaggerating product claims will face strict disciplinary actions, including suspension and possible termination. The warning was issued during the NeoLife World Team Town Hall Meeting held in Lagos, where the global wellness and nutrition company engaged top...

Simulation Learning to Bridge Theory & Entrepreneurship Gap

12.03.2026

Business simulation, a virtual business learning tool, will boost start-ups and equip Nigerian tertiary institution students with relevant skills to become self-employed after graduation, an Irish-trained international business management expert has stated. The Lead Product Manager and Co-Founder, Sim-Plement, Nigeria, Mr Oladimeji Oluseyi, said this while speaking with journalists in Ibadan, the Oyo State capital....

Business

Opportunities & risks for Nigerian banks

12.03.2026

The Nigerian banking sector currently faces a delicate trade-off. While rising global oil prices, spurred by the US-Iran conflict, promise to bolster foreign exchange liquidity, they simultaneously intensify domestic macroeconomic risks, JIDE AJIA reports For the domestic economy, this geopolitical conflict has both positive and negative implications due to heavy reliance on crude oil exports...

How African youths can tackle energy challenges with innovat

12.03.2026

Energy conglomerate Sahara Group has called on young Africans to transform the continent’s energy challenges into entrepreneurial opportunities, urging them to design innovative solutions that address Africa’s development gaps. The company made the call during the 2026 Entrepreneurship, Innovation and Business Certification Programme hosted recently by the University of Lagos, where it reinforced its ‘Beyond...

Reps order daily updates on Alaoji power plant upgrade

12.03.2026

The House of Representatives Committee on Power has directed the contractor handling the upgrade of the Alaoji Power Plant to provide daily updates on the progress of the project as part of efforts to ensure strict monitoring and timely completion. The directive was issued during an oversight visit by members of the committee to the...