Business – Page 149 – Rise Africa

Sundry Markets deepens CSR with food donations in Rivers

25.12.2025

Marketsquare, an indigenous grocery retail brand owned by Sundry Markets Limited, has reaffirmed its commitment to community development through a food donation initiative that supported more than 100 vulnerable individuals in Rivers State. The initiative forms part of the company’s corporate social responsibility programme, which is designed to improve livelihoods and deliver measurable social impact...

Dangote petrol price cut to N739 causes queues at stations

25.12.2025

Queues at MRS filling stations are growing longer by the day as motorists seek to buy petrol produced by the Dangote refinery at N739 per litre. From Lagos Island to the mainland, The PUNCH observed that MRS filling stations were crowded with vehicles waiting to buy fuel, while other filling stations appeared largely deserted. In...

Stakeholders Hail APM Terminals Kano for Boosting Trade

25.12.2025

Stakeholders have commended APM Terminals Kano’s commitment to boosting trade facilitation. According to a statement on Wednesday, the stakeholders stated this during the terminal’s 10th anniversary celebration in Kano. According to the statement, the celebration demonstrates the company’s firm dedication to developing supply chains across the nation, especially in the North, where facilitating seaborne trade...

Expert Urges Approval of 2025 Nigeria Migration Policy

25.12.2025

As the world marks International Migrants Day, a global citizenship and migration policy advocate, Dr Nduneche Ezurike, has called on the Federal Government of Nigeria to approve the revised 2025 National Migration Policy. Ezurike made this call in a statement shared with The PUNCH on Thursday, where he noted that the policy was a critical...

WACTpreneur programme empowers 600 local entrepreneurs

25.12.2025

The West African Container Terminal–APM Terminals Nigeria recently graduated an additional 600 beneficiaries from the fourth and fifth cohorts of its WACTpreneur programme, reinforcing its commitment to sustainable community development and inclusive economic growth across its host communities, the terminal announced in a statement on Sunday. According to the statement, the graduation ceremony brought together...

Nigeria’s Budget Deficit Funded by N6tn in Local Borrowing

25.12.2025

The Federal Government relied overwhelmingly on domestic borrowing through Federal Government bonds to finance its fiscal deficit in the first half of 2025, raising N6.10tn from the local debt market, while privatisation proceeds contributed just N64.92bn. This was disclosed in the Second Quarter 2025 Budget Performance Report released by the Budget Office of the Federation...

Nigeria’s digital economy projected to hit $18.3bn by 2026

25.12.2025

Nigeria’s digital economy revenue is projected to reach $18.30bn by 2026, asset managers said, underscoring the growing role of technology, fintech, and artificial intelligence in driving economic growth. Information and communications technology underpins this expansion, providing the networks and platforms that enable fintech, e-commerce, AI, and other digital services. Data from the National Bureau of...

NNPC and 12 Others Fail ICPC Integrity Test with Zero Score

25.12.2025

The Nigerian National Petroleum Company Limited and 12 other ministries, departments, and agencies of the Federal Government recorded zero in the Ethics and Integrity Compliance Scorecard of the Independent Corrupt Practices and Other Related Offences Commission. According to a publication by the ICPC on Wednesday, of the 357 MDAs screened, the NNPC ranks last, scoring...

Bakassi Deep Seaport Secures Compliance Certificate

25.12.2025

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has presented the Certificate of Compliance for the Bakassi Deep Seaport to the Governor of Cross River State, Bassey Otu. This was contained in a statement by the Special Adviser to the Minister, Dr Bolaji Akinola. According to the statement, Oyetola presented the certificate when the...

Naira Projection 2026: Afrinvest Forecasts N1,431.06/$

25.12.2025

Investment house Afrinvest has projected that the naira will trade at N1,431.06/$ in the new year. This was contained in its 2025 Macroeconomic Review and 2026 Outlook, which was obtained by our correspondent on Tuesday. The PUNCH reports that this projection is stronger than that of the Managing Director of Financial Derivatives, Bismarck Rewane, at...