Business – Page 150 – Rise Africa

Ijebu Shutdown Party Expands to Boost Tourism

25.12.2025

The organisers of the Ijebu Shutdown Party have announced that the event will now be held twice a year, following the widely celebrated success of its maiden edition. The decision, according to the organisers, was driven by overwhelming acceptance, strong turnout and positive feedback from attendees, stakeholders and the wider Ijebu community. In a statement,...

Unlocking Nigeria’s Maritime Economy Potential: SEREC’s View

25.12.2025

The Sea Empowerment and Research Centre has called for the need to properly frame existing maritime-linked revenues, especially those accruing from international trade and port activities administered by the Nigeria Customs Service. The group also noted that customs revenue, derived largely from seaborne trade, constitutes a major pillar of Nigeria’s maritime economy and already contributes...

Nigeria’s New Tax Reforms Test its Revenue Strategy

25.12.2025

Nigeria is once again seeking to repair its fragile revenue system, but the risks this time are significantly higher than in previous reform efforts. SAMI TUNJI examines how the far-reaching new tax laws will test the country’s revenue strategy, compelling a critical balance between ambition, effective implementation, and public trust in a low-income, high-inflation economy...

SIFAX Group Thanksgiving: Stable Amid Economic Uncertainty

25.12.2025

The Chairman of SIFAX Group, Dr Taiwo Afolabi, has said that despite dynamic economic challenges and global uncertainties, the company remains anchored in divine clarity and stability. According to a recent statement, Afolabi disclosed this during the 3rd edition of the SIFAX Group Annual Thanksgiving and Praise Night themed ‘God’s Faithfulness, Our Gratitude’. Speaking on...

NIS enhances transparent operations at Nigerian ports

25.12.2025

The Nigerian Immigration Service has flagged off the fourth edition of its nationwide sensitisation corruption campaign. Speaking in Apapa on Monday during the campaign themed, ‘Innovating for transparency and efficiency, strengthening service delivery and combating corruption through reforms’, the Comptroller-General of the Immigration Service, Kemi Nandap, stated that technology innovations have reduced human interference, minimised...

Business

FirstBank ATMs Now Accept International Cards in Nigeria

25.12.2025

FirstBank has become one of the first banks to comply with the Central Bank of Nigeria’s directive, which mandates lenders to configure their Automated Teller Machines to accept international cards. In an email on Wednesday, FirstBank informed its customers that its ATMs across the country now accept foreign-issued cards. The CBN, in a circular to...

Tax agency needs court order to debit bank accounts

25.12.2025

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that Nigerian tax authorities cannot debit taxpayers’ bank accounts without first going through the full judicial process, dismissing claims that the new tax laws allow arbitrary deductions. Oyedele made the clarification on Wednesday while speaking on the Arise Television Morning...

New NUPRC chief vows to boost oil production & investment

25.12.2025

The newly appointed Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Mrs Oritsemeyiwa Eyesan, has assumed office, pledging to reposition Nigeria’s upstream oil and gas sector, boost investments, and raise oil and gas production in line with the Petroleum Industry Act 2021. Eyesan formally assumed office on Tuesday, December 23, 2025, following a handover...

Dufil Promotes Children’s Values with Indomie TV Show

25.12.2025

Dufil Prima Foods Limited, makers of Indomie Instant Noodles, has expanded its engagement with children and families with the official premiere of the first-ever Indomie Fan Club Family TV Show, held recently in Lagos. Created by the Indomie Fan Club House, the children-focused television programme is designed to promote positive values, creativity, and wholesome family...

Airlines Refund N1bn as NCAA Enforces Compliance in Nigeria

25.12.2025

United Nigeria Airlines and Max Air recorded the highest proportions of flight cancellations in the third quarter of 2025, according to data released by the Nigeria Civil Aviation Authority. This came as the NCAA revealed that domestic carriers paid more than N1bn in refunds between May and July alone without direct regulatory intervention, signalling growing...