Business – Page 174 – Rise Africa

Compliance Institute Inducts 1,247 Professionals in Nigeria

18.12.2025

The Compliance Institute, Nigeria, has inducted 1,247 compliance professionals at its ninth Induction and Investiture Ceremony, as regulators and industry leaders charged practitioners to drive ethical leadership, innovation, and institutional integrity across Nigeria’s public and private sectors. The ceremony, themed “Shaping the Future of Compliance: Innovation and Ethical Leadership”, attracted stakeholders from regulatory agencies, financial...

Stock Market Extends Rally, Gains N245 Billion

18.12.2025

The stock market sustained its positive momentum on Wednesday, gaining N245 billion in market capitalisation. The market’s upward movement was driven by gains in equities such as Prestige Assurance, Veritas Kapital Assurance, First Holding Company, Lasaco Assurance and 38 other stocks. Market capitalisation increased by 0.26 per cent, adding N245 billion to investors’ portfolios as...

MFM hosts Rivers seminar on Nigeria’s new tax regime

18.12.2025

The Rivers State Mega Region of Mountain of Fire and Miracles Ministries recently organised a public seminar to educate residents on Nigeria’s new tax law and its implications for individuals and businesses. The seminar, part of the church’s Corporate Social Responsibility initiatives, provided participants with an opportunity to interact with experts and relevant agencies involved...

Jubilee Fellows Programme expands for its second phase

18.12.2025

The Nigeria Jubilee Fellows Programme plans to expand its roster of participating organisations as it prepares for a second implementation phase, organisers disclosed on Tuesday. Launched through a partnership involving the Federal Government, the United Nations Development Programme, and support from the European Union, the programme places young Nigerian graduates in 12-month work experiences with...

Transcorp Hotels appoints Awele Elumelu as board chair

17.12.2025

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has announced the appointment of Dr Awele Elumelu as Chair of the company, effective January 1, 2026. The announcement was disclosed on the Nigerian Exchange Limited on Tuesday. Elumelu’s appointment follows the retirement of the current Chair, Emmanuel Nnorom, also effective from January 1, 2026....

UBA’s $100m vehicle scheme benefits Lagos ride-hail drivers

17.12.2025

United Bank for Africa has entered into a $100m partnership with the Lagos State Government and LagRide to finance vehicles for 3,500 ride-hailing drivers, a move aimed at transitioning drivers from renting cars to vehicle ownership. The Memorandum of Understanding was signed between UBA and LagRide on Tuesday in Ikeja, Lagos. Speaking at the ceremony,...

Infinix Rewards Customers with Davido at Abuja Flagship Stor

17.12.2025

Infinix Nigeria has rewarded customers with discounts, cashbacks, and raffle prizes as it hosted Afrobeats star Davido at its flagship store in Jabi Lake Mall, Abuja, recently. The event attracted large crowds to the store, with customers taking advantage of price reductions on selected devices, cashback offers on premium models, and a raffle draw for...

Customs Hands EFCC N2.28bn in Undeclared Airport Cash

17.12.2025

The Nigeria Customs Service, Murtala Muhammed International Airport, Lagos, on Tuesday handed over the sum of €651,505 and $800,575, equivalent to N2.281bn, to operatives of the Economic and Financial Crimes Commission. Addressing journalists during the handover ceremony at the command, the Customs Area Controller in charge of the command, Chidi Nwokorie, stated that the move...

Nigerian stock exchange gains N13bn on industrial rally

17.12.2025

The Nigerian Stock Exchange gained N13bn at the close of trading on Tuesday, driven by performances in consumer and industrial stocks. The market capitalisation of the exchange now stands at N95.3tn. The All-Share Index inched up by 21.23 points to close at 149,459.11, representing a one-week gain of 1.71 per cent, a four-week gain of...

FG raises N596bn from medium-term FGN bond auction

17.12.2025

The Federal Government of Nigeria has issued N596bn in medium-term bonds, comprising a five-year 17.945 per cent FGN bond maturing in August 2030 and a seven-year 17.95 per cent FGN bond maturing in June 2032. The bonds were offered at an auction held on 15 December 2025, with settlement scheduled for 17 December 2025. Investors...