Business – Page 165 – Rise Africa

Seplat Energy Empowers Journalists with Business, Tech Train

21.08.2025

Seplat Energy has concluded the second edition of its Lagos Media Entrepreneurship Programme, with 50 journalists participating in a two-day training designed to equip them with business and technology skills relevant to the evolving media industry. The just-concluded programme, which followed last year’s inaugural session, focused on correspondents covering the energy, judiciary and business sectors....

Business

Nigerian Banks to Raise N900 Billion in 2025 Recapitalizatio

21.08.2025

An additional N900bn is expected to be injected into the Nigerian banking sector in the 2025 financial year as the deadline for the industry recapitalisation draws nearer. This was disclosed in the latest Nigerian Banking Industry Report published by pan-African rating agency Agusto & Co, which also attached a “stable” outlook to the sector. Nigerian...

NNPC Refineries Will Work, Ojulari Counters Dangote

21.08.2025

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has shown strong determination that the government-owned Port Harcourt, Warri, and Kaduna refineries will work again. Contrary to the views of the President of the Dangote Group, Alhaji Aliko Dangote, that the refineries might not work again, Ojulari said the NNPC...

Nigeria’s Banking Sector Attracts 55% of Q1 2025 Capital Inf

21.08.2025

Foreign investors have continued to display renewed interest in Nigeria, with the banking sector attracting 55.44 per cent of the total capital imported in the first quarter of 2025, FELIX OLOYEDE writes The banking sector was the driver of the $5.6bn capital inflows the country attracted in the first three months of this year, according...

Pension Funds Invest 62% in Govt Bonds: Risk & Returns

21.08.2025

Pension Fund Administrators have channelled more than N14.5tn of workers’ retirement savings into Federal Government securities as of March 2025, reinforcing the industry’s deep dependence on sovereign debt. According to figures obtained from the National Pension Commission, investments in Federal Government securities stood at N14.48tn in the first quarter of 2025, representing 62.09 per cent...

Customs Intensifies Integrity Campaign in Zone C

21.08.2025

The Nigeria Customs Service has extended its Reputation Management Campaign to Zone ‘C’ in Port Harcourt, once again demonstrating its deliberate commitment to building trust and safeguarding institutional integrity. According to a statement on Monday, the event brought together officers from commands across the zone for a train-the-trainer workshop. “The session was designed to equip...

PalmPay, Govt Train 1M Nigerian Youths in Digital Safety

20.08.2025

Fintech company PalmPay has joined forces with Nigeria’s Federal Ministry of Youth Development to train more than one million young people in data protection and digital safety over the next three years. The Youth Data Protection Awareness and Training programme, unveiled recently at the Shehu Musa Yar’Adua Centre in Abuja, will focus on equipping Nigerian...

NECA, CISLAC Partner to Promote Decent Work in Nigeria

20.08.2025

The Nigeria Employers’ Consultative Association and the Civil Society Legislative Advocacy Centre signed a three-year Memorandum of Understanding on Tuesday in Abuja, aimed at strengthening labour rights, improving the ease of doing business, and promoting responsible governance. Speaking during the signing event held at CISLAC headquarters in Abuja, the Director-General of NECA, Adewale-Smatt Oyerinde, said...

Guinness CEO to Keynote Marketing Edge Summit on AI

20.08.2025

Managing Director and Chief Executive Officer of Guinness Nigeria Plc, Mr Girish Sharma, has been named as keynote speaker for the 2025 National Marketing Stakeholders’ Summit and Edge Awards, as Marketing Edge announced the lineup in a Nigerian marketing publication on Tuesday. The 13th edition of the summit will be held virtually on September 25...

Nigeria Bans Flight Mode: Phones Off During Flights

20.08.2025

The Nigerian Civil Aviation Authority has issued a new directive to airline operators and passengers, ordering that all mobile phones and portable electronic devices must now be completely switched off during critical phases of flight, declaring that the widely accepted “flight mode” option will no longer be permitted. Director-General of NCAA, Capt Chris Najomo, declared...