Business – Page 118 – Rise Africa

NCS Launches Temporary Vehicle Permit for Int’l Travellers

08.01.2026

The Nigeria Customs Service has said it is commencing procedures for granting safe passage to personal vehicles temporarily imported or transiting through Nigeria by international travellers. In a statement on Wednesday, the National Public Relations Officer of the service, Abdullahi Maiwada, a Deputy Comptroller of Customs, explained that the initiative is anchored on the Nigeria...

Business

AI Power Consumption Straining Global Grids, IEA Warns

08.01.2026

The rapid rise of artificial intelligence is putting unprecedented pressure on electricity grids worldwide, the International Energy Agency has warned. The IEA said there has been a step change in the capabilities of artificial intelligence, driven by falling computation costs, a surge in data availability and technical breakthroughs. Specifically, the IEA stated that “electricity grids...

Nigeria’s Fish Production Rises by 300,000 Tonnes in 2025

08.01.2026

The Ministry of Marine and Blue Economy has stated that Nigeria recorded an increase of 300,000 metric tonnes in fish production in 2025. It disclosed this in a statement issued on Wednesday by the Special Adviser to the Minister, Dr Bolaji Akinola, adding that the feat was the first rise in over a decade. The...

New Nigerian Tax Reform to Boost Economic Growth & Fairness

08.01.2026

The Chairman of the National Tax Policy Implementation Committee, Joseph Tegbe, has highlighted the benefits of the Nigerian Tax Reform Acts 2025, describing them as a major turning point in the country’s quest for a robust and sustainable economy. In a statement on Wednesday, Tegbe said the new tax law represents a comprehensive overhaul of...

Nigeria’s electricity accidents cause 149 casualties in 2025

08.01.2026

No fewer than 149 electricity personnel were killed or injured in electricity-related incidents across Nigeria’s power sector between the first and third quarters of 2025, according to the latest regulatory data. The casualties, comprising 83 fatalities and 66 injuries, highlight lingering safety challenges in the Nigerian Electricity Supply Industry and show that power-related accidents continue...

Gombe state begins regulating its own electricity market

08.01.2026

The Nigerian Electricity Regulatory Commission has formally transferred regulatory oversight of the electricity market in Gombe State to the Gombe State Electricity Regulatory Commission, in line with the amended Constitution and the Electricity Act 2023. The transfer, which took effect following an order issued by the commission, removes Gombe from NERC’s direct regulatory control over...

SIFAX targets expansion with new innovation strategy for 202

08.01.2026

SIFAX Group has opened the 2026 business year with a strong declaration of intent. This comes as the company rolled out an innovation-led growth strategy designed to enhance operations, accelerate technology adoption, and broaden its presence across West Africa. SIFAX announced this in a statement on Tuesday, signed by its Head of Corporate Communications, Olumuyiwa...

Leadway begins verification for African Alliance annuitants

08.01.2026

Leadway Assurance Company has announced the commencement of a comprehensive verification exercise for all African Alliance annuitants following the successful takeover of the African Alliance Insurance Annuity portfolio. In a statement on Monday, the insurance firm said that the validation process is the first step in the transition, designed to accurately identify all existing annuitants...

FG Defends Overlapping Budgets Amid BudgIT Concerns

08.01.2026

The Federal Government on Wednesday defended the re-enactment of the 2024 and 2025 Appropriation Acts, dismissing claims of constitutional breach and fiscal illegality, even as the accountability group BudgIT insisted that running overlapping national budgets remains a fiscal anomaly and undermines transparency and proper financial management. The Director-General of the Budget Office of the Federation,...

NLC Urges Govt to Review Wages and Tax Policies for Workers

08.01.2026

The Nigeria Labour Congress has called on the Federal Government to urgently address workers’ wages and review regressive tax policies, warning that continued delays and uneven compliance could deepen economic hardship for millions of Nigerians. The appeal was made on Wednesday by the President of the NLC, Joe Ajaero, during the 85th birthday celebration and...