Business – Page 174 – Rise Africa

Petrol Price Surge Sparks Calls for Crude Subsidy in Nigeria

03.02.2026

Petroleum product marketers have argued that the only way to shield Nigerians from the shock of a sudden surge in petrol prices is for the Federal Government to sell crude oil to the Dangote Petroleum Refinery and other local refineries at subsidised rates. The marketers, therefore, urged the Federal Government to sell crude oil to...

VDL Technologies targets Africa and Europe for expansion

03.02.2026

VDL Technologies plans to break into African and European markets, having adopted a business model that helped it to adjust to government policy risks amid Nigeria’s tough macroeconomic environment. Speaking at a recent press conference in Lagos, the Founder and Chief Executive Officer, Oluwarotimi Fasuyi, said VDL is targeting other African markets, the Middle East...

Engineering Focus Key to Tackling Nigeria’s Food Insecurity

02.02.2026

The Federal Government has reaffirmed that engineering-driven solutions are critical to achieving Nigeria’s food security, stressing that mechanisation, irrigation systems, storage infrastructure, and agro-processing technologies are essential to boosting productivity and reducing post-harvest losses across the country. It also emphasised the role of engineering in driving industrial growth, noting that a strong mechanical and manufacturing...

Flourish Africa gives N300m grants to women entrepreneurs

02.02.2026

Flourish Africa, a women-focused empowerment initiative founded by Apostle Folorunsho Alakija, has rolled out N300m in grants for women entrepreneurs across the country, following a rigorous national training and business pitch process. The grant announcement was made at Flourish Africa’s ninth annual conference in Lagos, held under the theme ‘She Champions’, which brought together entrepreneurs,...

ISN targets $3m funding for Nigerian innovation hubs

02.02.2026

The Innovation Support Network has unveiled a strategic roadmap aimed at redefining the impact of innovation hubs across Nigeria by the fourth quarter of 2027, with plans to scale 120 innovative businesses, create over 10,000 jobs, and secure $3m in follow-on funding. The announcement was made at ISN’s Lagos Hubs Meetup, held at the Cedar...

PenCom, PFAs Launch Self-Service Pension Data Recapture

02.02.2026

The National Pension Commission has collaborated with Pension Fund Administrators to launch a self-service online data recapture application known as the Data Recapture Self-Service Platform. According to the regulator, the new platform, which went live on Sunday, 1 February, will tackle the issue of data inconsistencies impacting the industry. The PUNCH reports that data recapture...

Bida–Zungeru–Wushishi road set for May inauguration

02.02.2026

The Federal Ministry of Works is targeting May 29, 2026, for the inauguration of the 29.5-kilometre Bida–Zungeru–Wushishi road in Niger State, as construction intensifies on major highways ahead of President Bola Tinubu’s third anniversary in office. The target date was revealed during an ongoing inspection tour of federal road projects across Niger State. Officials conducted...

Ingryd launches digital tech training platform for global ac

02.02.2026

Ingryd Academy, a technology talent outsourcing and training company, has gone fully digital and also become an examination centre, expanding access to its courses globally. The announcement was made by Managing Director, Khadijat Abdulkadir, during the Panel Session, “The Talent Playbook: The Tech Talent Playbook – Raising Next-Gen Talents,” at the Tech Revolution Africa Conference...

Otti signals new Aba roads construction drive

02.02.2026

Abia State Governor Alex Otti said his administration will shortly begin the reconstruction of Uratta and Old Express roads as part of efforts to restore the state after years of infrastructure deficits that disrupted socioeconomic activities in the city. Otti disclosed this over the weekend during a church service at St Paul’s Anglican Church, Abayi...

LAWMA Refutes Misleading Lagos Waste Management Reports

02.02.2026

The Lagos Waste Management Authority has condemned a misleading report circulated by an online platform. In a statement on Thursday, the Director of Public Affairs at LAWMA, Mukaila Sanusi, explained that the online platform, Lagos Reporter, falsely presented visuals of previously cleared locations as evidence of inaction. LAWMA clarifies that the locations referenced in the...