Business – Page 19 – Rise Africa

World Bank Urges Nigeria to Fully Enforce Executive Order 9

17.04.2026

The World Bank has called for a tighter and more explicit enforcement of Executive Order 9, urging the Federal Government to fully implement the directive by ending revenue deductions at source and migrating Ministries, Departments, and Agencies to budgetary funding. In its latest Nigeria Development Update report, analysed by our correspondent on Thursday and titled...

Symmex unveils solution to support NAFDAC drug production

17.04.2026

A technology startup, Symmex Smart Workings Limited, has presented its locally designed Huraflow-MES platform to the National Agency for Food and Drug Administration and Control. The firm said its platform is an upgrade for regulatory oversight, patient safety, and industrial efficiency across the pharmaceutical and FMCG sectors. The company, invited by NAFDAC to its operational...

Nigerian Breweries on managing key macroeconomic risks

17.04.2026

Nigerian Breweries Plc has assured stakeholders and consumers that it is strengthening its operations against key risks, including supply chain disruptions linked to the Middle East crisis, naira instability, and rising inflation, particularly food inflation. The company outlined strategies to sustain growth and protect consumers from pricing shocks during its 80th pre-annual general meeting media...

Experts Urge Action on Elevator Power Risks in Nigeria

17.04.2026

Recent incidents of people getting trapped in elevators across major cities in Nigeria have sparked renewed concerns over safety standards in modern buildings, with experts pointing to poor power quality as a critical but often overlooked factor. While many stakeholders attribute such occurrences to mechanical faults and inadequate maintenance, industry professionals argue that unstable electricity...

Legal Uncertainties Hinder Nigerian Business Growth: Report

17.04.2026

Nigeria’s businesses are grappling with persistent legal inconsistencies, regulatory overlaps, and policy uncertainties despite recent economic reforms, a new report has revealed. The report read, “Unclear legal and regulatory frameworks undermine policy consistency… characterised by conflicts between the provisions of different laws, overlapping regulations, conflicting regulatory jurisdiction, and lack of harmonisation between federal and subnational...

Alert Group Secures MFB Licence, Targets N250bn in Assets

17.04.2026

Alert Group has announced a major milestone in its growth trajectory with the acquisition of a national microfinance banking licence for its subsidiary, Alert Microfinance Bank, as it unveiled an ambitious expansion plan aimed at deepening financial inclusion and scaling operations across Nigeria. The development was disclosed during an exclusive media chat held at the...

Stakeholders urge revival of Nigerian paper industry

17.04.2026

Stakeholders have cautioned against policies and narratives that could undermine Nigeria’s paper industry, insisting that digitisation can coexist with a thriving paper ecosystem. This follows FAE Limited’s unveiling of its Eco Fine photocopier paper in Lagos. Speaking at the World Envelope Day celebration on Thursday, the Managing Director and Chief Executive Officer of FAE Limited,...

Tizeti Restructures Leadership for Broadband Expansion

17.04.2026

Tizeti Network Limited, a Nigerian wireless and fibre internet service provider, has restructured its leadership team as it prepares for a new phase of expansion focused on scaling broadband access and deepening its fibre footprint. The company said the changes, effective July 1, 2026, are designed to support a more specialised operating model as it...

Crude oil prices rise on renewed US-Iran talks

17.04.2026

Crude oil prices moved higher on Thursday, with WTI trading near $92 per barrel and Brent rising above $95, as markets rebounded from earlier weakness and tracked fresh developments around the US-Iran conflict. The recovery comes as traders reassess geopolitical risks and weigh whether ongoing ceasefire discussions could stabilise supply routes. Coin Paper reports indicate...

Nigeria rejects IMF loan, has no plan for $50bn fund

17.04.2026

The Federal Government on Thursday declared that it has no plan to approach the International Monetary Fund to borrow from the estimated $50bn, which the IMF had earlier announced on Wednesday that it plans to use and support struggling economies in Africa. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, disclosed...