Business – Page 119 – Rise Africa

NGX loses N107bn as bearish sentiment persists

12.03.2026

Trading on the Nigerian Exchange closed slightly lower on Wednesday as profit-taking in selected equities continued to weigh on the market, dragging key performance indicators into negative territory. Market data showed that the benchmark All-Share Index declined 0.09 per cent to close at 195,898.53 points compared with the previous session’s level, as investors booked profits...

VNL Capital Appoints New ED for Strategic Expansion

12.03.2026

VNL Capital Asset Management has announced a major strengthening of its leadership team with the appointment of Dr Chiedu Ojemaye as its new Executive Director. The move comes as the firm looks to accelerate its expansion within Nigeria’s competitive investment and asset management landscape. Ojemaye, an accomplished financial professional, brings over 18 years of extensive...

Conference spotlights the growing strategic role of HR

12.03.2026

The 2025 HR Conference and Excellence Awards, organised by HR Talent Hub and sponsored by MIVA Open University, has officially underscored the critical shift of Human Resources from an administrative function to a central strategic driver of organisational success and workforce transformation. The two-day summit, according to a statement, brought together a prestigious gathering of...

NCS intensifies National Single Window implementation effort

12.03.2026

The Nigeria Customs Service has intensified efforts to ensure the successful implementation of the National Single Window project, reaffirming its leadership role in advancing Nigeria’s trade modernisation and digital transformation agenda. The Service stated this in a statement on Saturday by its National Public Relations Officer, Abdullahi Maiwada, a Deputy Controller of Customs. The statement...

Nigeria Suspends $300 Helicopter Landing Fee for Oil Sector

11.03.2026

The controversy surrounding the $300 helicopter landing fee imposed on oil and gas operations has been taken to the Minister of Aviation and Aerospace Development, Festus Keyamo, by the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, leading to the temporary suspension of the policy. Minister for Aviation and Aerospace Development, Festus Keyamo. Credit:...

Building Consumer Confidence in Nigeria

11.03.2026

Big Bull Rice has highlighted its focus on quality and consumer trust in Nigeria’s competitive rice market, emphasising product authenticity and nutritional value. Rice remains one of the most widely consumed meals in Nigerian households, featuring prominently in daily meals and special gatherings across the country. According to the company in a statement on Tuesday,...

Nigeria’s Trade Surplus Drops Sharply in Q4 2025

11.03.2026

Nigeria’s merchandise trade surplus fell sharply to N1.71tn in the fourth quarter of 2025, down from N3.42tn recorded in the corresponding period of 2024, as declining crude oil exports and rising imports narrowed the country’s positive trade balance. Data released by the National Bureau of Statistics on Monday showed that although Nigeria maintained a trade...

FCCPC crucial to protecting marketplace integrity – CJN

11.03.2026

The Federal Competition and Consumer Protection Commission has become a critical institution for safeguarding Nigeria’s business environment and protecting the integrity of the marketplace, the Chief Justice of Nigeria, Justice Kekere-Ekun, has stated. Delivering remarks on Tuesday at the opening ceremony of a three-day Competition and Consumer Protection Law Conference at the National Judicial Institute...

Keyamo Orders Hybrid Airport Payment System to Ease Traffic

11.03.2026

The Minister of Aviation and Aerospace Development, Festus Keyamo, has directed the introduction of a hybrid payment system at airport access gates nationwide following the earlier suspension of the fully cashless system due to traffic congestion. In a statement issued on Tuesday in Abuja by the Special Adviser on Media and Communications to the Minister,...

Oil price surge offers fresh lifeline for Nigeria’s naira

11.03.2026

Nigeria’s FX reserves currently stand the chance of being strengthened as surging global oil prices enhance foreign exchange inflows and offer some stability for the naira, amid spikes in the cost of refined products, OKECHUKWU NNODIM writes With Brent crude trading above $93 per barrel—well above Nigeria’s 2026 federal budget benchmark of $64.85—the current rally...