Business – Page 138 – Rise Africa

MOFI, CRMI Partner to Boost Risk Management in Nigeria

01.09.2025

The Ministry of Finance Incorporated and the Chartered Risk Management Institute of Nigeria have signed a landmark Memorandum of Understanding to boost the risk management capacity across Federal Government portfolio companies. The signing ceremony, held at MOFI’s headquarters in Abuja, marked a significant step towards institutionalising risk culture in Nigeria’s public sector enterprises. According to...

Nigeria-Vietnam Trade Booms to $1 Billion, Driven by $600M i

01.09.2025

President of the Nigeria-Vietnam Chamber of Commerce and Industry, and Principal Consultant of Secure Trust Consulting Limited, Mr Oye Akinsemoyin, tells FELIX OLOYEDE how Nigeria is leveraging its trade relationship with the Asian country Tell something about the activities of the Nigeria-Vietnam Chamber of Commerce and Industry. Right now, between Nigeria and Vietnam, the two-way...

FG Bars Consultants, Corps Members From Federal Payroll 2026

01.09.2025

The Federal Government has directed ministries, departments, and agencies to exclude consultants, corps members, and other non-permanent workers from their personnel payroll in the 2026 budget. This directive was contained in the 2026 Personnel Cost Budget Call Circular issued by the Budget Office of the Federation. The circular, dated July 7, 2025, was signed by...

Nigeria & Brazil Partner on Mobile Money Expansion

01.09.2025

Nigeria and Brazil have opened talks aimed at strengthening economic and financial cooperation, with a particular focus on payment systems, fintech, and mobile money expansion. The discussions were held in Brasília between the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and his Brazilian counterpart, Gabriel Galípolo, during President Bola Tinubu’s state visit to...

Naira Volatility Driven by FX Demand – Oyedele

01.09.2025

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has identified discretionary demand for foreign exchange as a major driver of the naira’s volatility. Speaking at the Nigerian Economic Summit Group’s half-year review of the economy in Lagos recently, Oyedele emphasised that the naira’s stability depends on addressing this discretionary...

N’West Leads FEC Projects with N5.97tn – Budget Office

01.09.2025

The Budget Office of the Federation has disclosed that the North-West geopolitical zone received the highest share of Federal Executive Council projects approved under President Bola Tinubu, amounting to N5.97tn or more than 40 per cent of the total N10.92tn approvals. The Director-General of the Budget Office, Tanimu Yakubu, made this revelation in a statement...

Nigeria Threatens Gencos with Grid Disconnection Over Infrac

01.09.2025

Baffled by the incessant collapse of the national grid, the Federal Government, through the Nigerian Electricity Regulatory Commission, has issued an order mandating all electricity generation companies connected to the grid to implement Free Governor Control across their generating units, warning that non-compliance would attract heavy penalties, including disconnection from the grid. The order, referenced...

Naira Firms to 1531.57/$ Amid FX Liquidity, Reserves Boost

01.09.2025

The naira strengthened to 1,531.57/$ on Friday on the Nigerian Foreign Exchange Market, indicating a 0.23 per cent appreciation from the previous week, when it traded at 1,531.57/$. On a month-on-month basis, the naira appreciated 0.13 per cent from 1,533.55/$ at the end of July. This performance showed that it moved back from the negative...

Business

PenOp Champions Liver Health Awareness for Pension Workers

01.09.2025

The Pension Fund Operators Association of Nigeria has held a knowledge-sharing session on liver damage, its prevention, and management as part of its commitment to employee wellness. In a statement, PenOp said that the session drew over 300 participants from across the pension industry, creating a vibrant platform for learning and engagement. The session, introduced...

PenCom Warns PFAs Against RSA Holder Inducement

01.09.2025

The National Pension Commission has issued a stern warning to all licensed pension fund administrators on the inducement of retirement savings account holders. The circular directed to all pension fund administrators was signed by the Director of the Surveillance Department, A.M. Saleem, PenCom, reiterating its zero-tolerance stance against the inducement of RSA holders. In a...