Business – Page 13 – Rise Africa

Lagos tackles chronic flooding with World Bank support

05.03.2026

Lagos State has secured support from the World Bank to strengthen its disaster risk management and emergency response ahead of the rainy season, as the city contends with chronic flooding that disrupts lives and infrastructure. The collaboration, discussed in a meeting on Wednesday in Lagos, aims to improve early warning systems, emergency preparedness, and public...

Fuel Price Spike: Marketers Urge Naira-for-Crude Supply

05.03.2026

Petrol prices rose to N937 per litre on Tuesday amid escalating tensions in the Middle East, prompting oil marketers and refinery operators to urge the Federal Government to provide more crude oil to the Dangote Petroleum Refinery in naira to help stabilise domestic fuel prices. The PUNCH reported on Monday that the Dangote refinery increased...

NIMC Begins Ward-Level NIN Registration Drive Nationwide

05.03.2026

The National Identity Management Commission on Tuesday confirmed that its Ward-Level Enrolment Drive, which officially commenced on Monday, 16 February 2026, is progressing steadily across the federation. The decentralised exercise allows citizens and residents to register for their National Identification Number at designated ward enrolment centres. The commission reiterated that the NIN remains a foundational...

World Bank Warns of Looming Jobs Crisis in Developing Nation

05.03.2026

The World Bank Group has warned that developing economies are heading towards a significant employment crisis as millions of young people prepare to enter the workforce without enough jobs to absorb them, raising concerns about economic stability, migration pressures and global security risks. In a blog post published on its official platform, the Washington-based institution...

Abuja-Kaduna Highway Nears Completion, 80% Delivered by FG

05.03.2026

The Federal Government, through the Ministry of Works, on Tuesday said the long-delayed Abuja-Kaduna highway has reached 80 per cent completion, with 60 kilometres of the redesigned concrete pavement already delivered, and the remaining stretch scheduled for completion by the end of April. The ministry disclosed this during an inspection tour of the project as...

Oando Reaffirms Support for Indigenous Upstream Growth

05.03.2026

The Managing Director of Oando Energy Resources, Ainojie Irune, has reaffirmed the company’s alignment with efforts to strengthen Nigeria’s indigenous upstream ecosystem following a strategic visit by the Chairman of the Independent Petroleum Producers Group and Managing Director/Chief Executive Officer of Aradel Holdings, Adegbite Falade. A statement from the firm stated that the high-level engagement...

SAHCO Procures Equipment to Boost Aircraft Handling

05.03.2026

Skyway Aviation Handling Company Plc has strengthened its operational capacity with the acquisition of new ultra-modern Ground Support Equipment aimed at improving aircraft handling efficiency across Nigerian airports. The company’s Public Relations Officer, Mrs Adetola Uansohia, said the investment underscores its commitment to safety, faster turnaround times, and world-class service delivery to airline partners operating...

Ekiti & T.Y. Danjuma Airport Train Aviation Firefighters

05.03.2026

No fewer than 20 aviation firefighters, sponsored by the Ekiti State Government and the Theophilus Danjuma Airport in Taraba State, have graduated from the Aerodrome Rescue and Firefighting School of the Nigerian College of Aviation Technology, Zaria. The trainees successfully finished a rigorous, simulation-based aircraft firefighting programme aimed at enhancing aerodrome emergency response capabilities as...

African leaders urged to prioritise industrial capacity

05.03.2026

The Executive Vice Chairman and Chief Executive Officer of the National Agency for Science and Engineering Infrastructure, Mr Khalil Halilu, has called on African leaders to prioritise industrial capacity, innovation, and measurable output as the foundation for the continent’s transformation. According to a statement issued on Tuesday by the Director of Information, Mr Olusegun Ayeoyenikan,...

Nigeria Ports See 24.8% Cargo Growth in 2025 Report

05.03.2026

Nigeria’s maritime sector recorded a historic surge in activity in 2025, driven by increased cargo throughput, rising container traffic, and a growing export footprint, according to the 2025 Operational Performance Report released by the Nigerian Ports Authority. The report stated that total cargo throughput rose by 24.8 per cent, increasing from approximately 103.6 million metric...