Business – Page 122 – Rise Africa

Aptech launches AI talent training programme in Nigeria

07.01.2026

Aptech Computer Education Nigeria has launched a new all-in-one artificial intelligence career programme aimed at equipping Nigerian learners with job-ready technology skills, structured internship opportunities and clear pathways to international degrees. The programme, known as ADSE AI, combines AI-powered training, hands-on projects and mentorship with opportunities for eligible students to gain industry exposure through a...

Reps Move to Block Budgets of Defaulting MDAs in Nigeria

07.01.2026

Government-owned corporations, agencies, and commissions that fail to transmit their yearly audited financial statements to the Office of the Auditor-General for the Federation may soon be denied budgetary allocations, following a fresh constitutional amendment proposal by the House of Representatives. The move is aimed at tightening fiscal oversight and enforcing long-standing accountability provisions that many...

Nigerians pay N1.13tn electricity bill amid blackouts

07.01.2026

Electricity distribution companies in Nigeria collected a total of N1.13tn in revenue from their customers over the six months spanning the second and third quarters of 2025 (April to September), according to detailed monthly performance data from the Nigerian Electricity Regulatory Commission. This is despite repeated complaints of low power supply among electricity consumers and...

Edgebase Technologies marks 20 years of innovation in Nigeri

07.01.2026

Nigerian technology firm Edgebase Technologies is celebrating 20 years of innovation, local impact and community building, marking two decades of contributions to Nigeria’s and West Africa’s rapidly evolving digital ecosystem. Founded in 2005 as a small start-up focused on hardware supply, Edgebase has grown into a trusted partner for IT enterprise infrastructure, engineering services, cybersecurity...

AA Rano Unveils Nigeria’s First Unmanned Fuel Stations

07.01.2026

AA Rano Nigeria, one of the country’s leading downstream petroleum marketing companies, has unveiled Nigeria’s first fully automated and unmanned fuel stations, marking a major step in the digital transformation of the fuel retail sector. The initiative follows a business partnership between AA Rano and Petrosoft Limited, a Nigerian technology firm specialising in downstream oil...

Why Africa Must Embed Technology in Its Governance Systems

07.01.2026

Africa has been urged to move beyond short-term digital projects and embed technology in governance systems that can endure political transitions and funding cycles. Founder and chief executive officer of Nnnew Network, Adeniyi David Adebote, said Africa was not short of ideas, talent or reform initiatives, but lacked institutions designed to work together over the...

CMUL Class of 2004 Renovates Lecture Room with N10m

07.01.2026

Alumni of the College of Medicine, University of Lagos, Class of 2004, have invested over N10m in renovating a lecture room at the institution as part of activities marking their 20th anniversary. The project was unveiled during a reunion themed “20 Years Strong: Our Journey So Far”, held at CMUL, Idi-Araba, Lagos. Speaking at the...

Addme Engages Shoppers with Smart Cooking Mates in Lagos

07.01.2026

As the new year begins, Addme, an innovative brand offering smart cooking mates, is encouraging Nigerians to let go of stress and embrace a lighter, more joyful way of living. A statement from the firm on Tuesday stated that the brand delivered this message through a community-focused activation tagged “A Stress-Free Start with Addme,” held...

CBN Warns of Bank Recapitalization Risks to the Market

07.01.2026

The Central Bank of Nigeria has cautioned that the ongoing banking sector recapitalisation could increase concentration risk in Nigeria’s capital market, potentially crowding out non-bank issuers, despite the current bullish momentum in equities. The warning is contained in the Macroeconomic Outlook for Nigeria, 2026: Consolidating Macroeconomic Stability Amid Global Uncertainty, where the apex bank highlighted...

UBA closes rights issue, successfully raises N157.84bn

07.01.2026

United Bank for Africa has successfully closed its rights issue, raising N157.84bn after the exercise was fully subscribed, the bank announced on Wednesday. The rights issue offered 3,156,869,665 ordinary shares at N50 per share, on the basis of one new share for every thirteen existing shares held by shareholders on the register as of 16...