Business – Page 204 – Rise Africa

YABATECH Tackles Plastic Waste with New Plastogas Hub

23.01.2026

Yaba College of Technology has unveiled its Plastogas Hub, a plastic-to-gas and upcycling facility designed to reduce plastic waste, promote environmental sustainability and create jobs within the institution and neighbouring communities. Administrators launched the YABATECH Plastogas Hub at the college in Lagos on Wednesday, with stakeholders describing it as a model for community-driven waste management,...

Weak governance exposes MSMEs to serious tax risks

23.01.2026

The Centre for Enterprise Governance has stated that micro, small and medium enterprises must adopt basic governance structures to survive and grow under Nigeria’s evolving tax reform regime. In a statement, the founder of the CEG, Dr Adeyinka Hassan, said the country’s business environment is shifting towards stronger accountability, formalisation and compliance, making governance essential...

Kaduna Customs Posts N14.6bn Revenue in Q4 2025

23.01.2026

The Nigeria Customs Service, Kaduna Area Command, said it collected a total of N14.6bn as revenue in the last quarter of 2025. In a recent statement, the Public Relations Officer of the command, Dauda Adamu, explained that the figure increased by N3.8bn when compared to the N10.8bn collected in the same period in 2024, representing...

CPPE Warns Nigeria Sugar Tax May Harm Local Industry

23.01.2026

The Centre for the Promotion of Private Enterprise has urged the government and policymakers to prioritise health interventions over imposing additional taxes on sugar-sweetened beverages. It warned that a sugar tax would undermine Nigeria’s manufacturing and employment base. In a statement on Wednesday, Chief Executive Officer of Centre for the Promotion of Private Enterprise, Dr...

CBN Treasury Bills Auction Offers N1.15tn Amid High Yields

23.01.2026

The Central Bank of Nigeria was expected to conduct its second Treasury bills auction for January 2026 on Wednesday, offering instruments worth N1.15tn, as strong liquidity in the banking system collides with rising borrowing needs and cautious interest rate expectations. The auction would span the three standard maturities of 91 days, 182 days, and 364...

FCCPC Cracks Down on Errant Digital Money Lenders in Nigeria

23.01.2026

The Federal Competition and Consumer Protection Commission has commenced phased enforcement of sanctions against Digital Money Lending operators that failed to regularise their operations in line with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025. The compliance deadline for affected operators expired on Monday, January 5, 2026. In a statement on Wednesday, the...

Parallex Bank Sponsors Future Africa Leaders Awards

23.01.2026

Parallex Bank Plc has reaffirmed its commitment to nurturing African youth talent as it sponsored the 2025 edition of the Future Africa Leaders Awards, which recognises young Africans driving exceptional impact across their communities. In a statement on Monday, the lender said that the 2025 award edition organised by the Future Africa Leaders Foundation honoured...

Nigeria-Canada Summit to Drive Energy Sustainability

23.01.2026

Nigeria and Canada are set to deepen collaboration on energy sustainability as organisers announced plans for two major events aimed at promoting excellence in sustainable development across Africa. The Chief Executive Officer of Toronto-based IMPATEZ Management firm, Olalekan Ajibade, in collaboration with Toronto Metropolitan University, announced it will host the 2026 Canada-Africa Sustainability and Energy...

Petrol Spending in Nigeria Hits N1.58tn During Yuletide

23.01.2026

Nigerians spent an estimated N1.58tn on petrol in December 2025, based on official fuel consumption data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. According to the NMDPRA December fact sheet, average daily petrol consumption stood at 63.7 million litres per day throughout the month. With 31 days in December, nationwide petrol use...

Nigeria can capture global supply chains

23.01.2026

The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, has said Nigeria must deliberately target global investors and supply chain relocations to drive job creation, deepen manufacturing, and reduce import dependence. She made the remarks on Wednesday in a short clip posted by GLAZIA on its X handle from a discussion titled “From Scale...