Business – Page 187 – Rise Africa

Qoray scales Electric Teak adoption across Nigeria

28.01.2026

One year after making history on Lagos streets, Qoray Mobility’s flagship electric Teak tricycle is moving beyond record books to nationwide adoption, demonstrating the potential of African-built electric vehicles in urban mobility, the company said on Tuesday. In January 2025, Nigerian rider Sekinat Taiwo drove the Electric Teak tricycle 347.11 kilometres in 12 hours, earning...

OAW Sets Growth Agenda for Mechanised Farming in Nigeria

28.01.2026

The Board of Directors of Origin Automobile Works has outlined a strategic agenda aimed at strengthening Nigeria’s agro-mechanisation and food systems sector following the conclusion of its 2026 Board Retreat held at the Lakowe Lakes Golf and Country Estate Resort, Lagos. The three-day retreat with the theme “Building Institutional Strength to Accelerate Growth” focused on...

Rotary installs borehole in Lagos Island market

28.01.2026

The Rotary Club of Lagos Central has inaugurated a new borehole and water project aimed at improving access to clean water for traders and residents in Sandgrouse Market, Lagos Island. Speaking at the launch, Club President, Rotarian Elizabeth Ajilore, said the project reflects Rotary’s mission of “service above self” and contributes to four of the...

Nigerian Brand Launches Premium Leather Shoes in Lagos

28.01.2026

Beyond Leather Culture, a Nigerian shoe brand, has launched a premium men’s leather shoe collection at its newly opened store in Lekki Phase 1, Lagos, marking a significant move in the country’s footwear market. The collection features loafers, sandals, Oxfords, and Derbies, all crafted from top-grade leather with attention to detail, reflecting BLC’s commitment to...

FAAN secures dual ISO certifications for quality management

28.01.2026

The Federal Airports Authority of Nigeria has attained two internationally recognised certifications: ISO 9001:2015 for Quality Management Systems and ISO 14001:2015 for Environmental Management Systems. According to a statement signed by the Director of Public Affairs and Consumer Protection, Henry Agbebire, the certifications were awarded by MSECB, Canada, after a comprehensive and independent audit of...

CBN Approves Use of Expired NAFDAC Licences for Imports

28.01.2026

The Central Bank of Nigeria has approved a temporary window allowing importers to use expired National Agency for Food and Drug Administration and Control licences for import documentation, offering short-term relief to businesses affected by system changes in Nigeria’s trade processing framework. In a circular issued on January 26, 2026, by its Trade and Exchange...

WCO Applauds Nigeria’s Customs Reforms for Trade Efficiency

28.01.2026

The Secretary-General of the World Customs Organisation, Ian Saunders, has described Nigeria’s Time Release Study as a practical and evidence-based reform capable of strengthening border efficiency, boosting trade competitiveness within trade corridors in Africa, and enhancing national safety. In a statement on Tuesday by the National Public Relations Officer of the service, Abdullahi Maiwada, Saunders...

Imported Petrol Cheaper as Dangote Petrol Price Increases

28.01.2026

The landing cost of imported Premium Motor Spirit (petrol) is now lower than the gantry price of the commodity from the Dangote Petroleum Refinery, following the refinery’s decision to hike prices, The PUNCH reports. Data from the Major Energies Marketers Association of Nigeria show that the landing cost of imported petrol was N728.88 per litre...

FG Begins N4tn Power Sector Debt Settlement with New Bond

28.01.2026

The Federal Government has taken steps towards resolving Nigeria’s estimated N4tn power sector debt burden as five power generation companies signed settlement agreements under the Presidential Power Sector Debt Reduction Programme, following the issuance of a N501bn bond. The bond, which reportedly recorded 100 per cent subscription, was issued in Lagos on Tuesday, attracting interest...

States Get Deadline for Contract Publication Under W’Bank Sc

28.01.2026

The World Bank–assisted Human Capital Opportunities for Prosperity and Equity Programme of the Federal Ministry of Budget and Economic Planning has directed state governments to publish contract award information for basic education and primary healthcare procurements within 30 days after the end of each quarter. The National Coordinator of the HOPE-GOV Programme, Assad Hassan, disclosed...