Business – Page 206 – Rise Africa

RMB Nigeria ranked No. 2 employer for 2026

22.01.2026

Rand Merchant Bank Nigeria has been ranked the No. 2 employer in Nigeria for 2026, marking the second consecutive year the bank has received recognition for excellence in people practices. This achievement highlights RMB Nigeria’s deliberate focus on fostering a workplace where employees can thrive and contribute meaningfully to clients and the community. The recognition...

Nigeria Cuts Digital Payment Fraud Losses by 51%

22.01.2026

Nigeria recorded a 51 per cent decline in digital payment fraud losses in 2025, reflecting the impact of improved identity management, enhanced transaction data standards, and stronger collaboration across the financial system, according to the Central Bank of Nigeria. This assertion was made by the Deputy Governor, Financial System Stability, CBN, Dr Phillip Ikeazor, in...

Pinnacle launches new fully synthetic lubricant in Nigeria

22.01.2026

One of the leading downstream oil and gas companies in Nigeria, Pinnacle Oil and Gas Limited, has launched its flagship fully synthetic lubricant, PIBREUM SN-9000 5W-30, as part of efforts to deepen its presence in Nigeria’s lubricants market and offer motorists enhanced engine performance and protection. The product, which was officially introduced to the market...

Five MPC members vote for rate cut in latest MPC decision

22.01.2026

Five members of the Central Bank of Nigeria’s Monetary Policy Committee voted for a 50-basis-point reduction in the Monetary Policy Rate at the November 2025 meeting, citing sustained disinflation, stronger external buffers, and improving growth conditions. This was according to their personal statements released by the apex bank on its website on Wednesday. The members...

Dangote Gains as Europe, US Refineries Close

22.01.2026

The shutdown of refineries across Europe and North America has tightened global fuel markets and handed Nigeria’s Dangote refinery greater leverage in shaping refined product balances, according to energy intelligence firm Kpler. In a report, Kpler said the scale of refinery exits in Europe and North America has structurally altered supply dynamics, noting that “around...

Interswitch Support Helps Delta Emerge as a Tech Hub

22.01.2026

Interswitch, one of Africa’s leading integrated payments and digital commerce companies, played a pivotal role at the inaugural Delta Tech Week 2025, the flagship innovation, technology, and entrepreneurship festival organised by the Delta State Government through its Ministry of Science and Technology. A statement from the firm on Wednesday stated that the five-day event, held...

Global Investors Cautious After Trump’s Greenland Threat

22.01.2026

Global investors expressed caution as markets reacted to renewed geopolitical tensions following United States President Donald Trump’s threat to pursue Greenland, raising concerns over a potential trade conflict with Europe, Reuters reports. Volatility across asset classes rose sharply on Tuesday, with US stocks, long-dated Treasuries, and the dollar selling off. The sell-off followed Trump’s threat...

Nigeria livestock sector GDP targeted to hit $74 billion

22.01.2026

The Federal Government has disclosed plans to increase the contribution of Nigeria’s livestock sub-sector to the nation’s Gross Domestic Product from $32bn to over $74bn within the next 10 years. The Minister of Livestock Development, Idi Mukhtar Maiha, disclosed this on Tuesday in Ilorin during a livestock stakeholders’ engagement organised by the Kwara State Government,...

Stocks Slide on Renewed US-Europe Trade Tensions

22.01.2026

Stocks, United States long-dated Treasuries, and the dollar declined sharply on Tuesday as investors reacted to renewed trade tensions between the United States and Europe, according to Reuters. The move reversed gains seen earlier in the week, reflecting heightened market uncertainty. Reuters reports that President Donald Trump’s renewed threat to impose tariffs on European imports...

HR Pros to Discuss Workplace Wellness at Lagos Conference

22.01.2026

Human resource professionals and health experts are set to converge in Lagos on Thursday to deliberate on workplace wellness, wellbeing and employee welfare at a one-day conference on Employee Assistance Programmes. The conference is being sponsored by Chevron Nigeria Limited in collaboration with Sages and Scribes Consultants. The organisers said the event would focus on...