Business – Page 21 – Rise Africa

Senate Panel Flags Corruption in Nigerian Aviation Industry

17.04.2026

The Chairman of the Senate Committee on Aviation, Senator Abdulfatai Buhari, has described Nigeria’s aviation industry as “very dirty,” alleging deep-seated irregularities that, according to him, cannot be publicly disclosed. Buhari made the remarks on Thursday while speaking at the 59th anniversary of the National Association of Nigerian Travel Agencies, held alongside its Conference, Annual...

Dangote to showcase refinery at Nasarawa trade fair

17.04.2026

Dangote Industries Limited, is set to showcase its flagship Dangote Petroleum Refinery and Petrochemical Company at the 2026 Nasarawa Trade Fair, which will be officially declared open by the State Governor, Abdullahi Sule, on April 20, 2026. The company said in a statement on Thursday that it will also highlight its Vision 2030, which focuses...

AK Botanicals Appoints Augustine Okpe as Vice President

17.04.2026

A United States-based skincare manufacturing firm, AK Botanicals, has appointed Augustine Okpe as Vice President, International Business Development, as part of its push into African and European markets. In a statement, the company said the appointment would strengthen its global expansion strategy, with Okpe expected to spearhead entry into the regions next month through acquisitions,...

Presidency Opts for N10bn Solar

17.04.2026

Nigeria’s electricity sector is once again under intense scrutiny as the masses question the Federal Government’s ability to deliver on its promise of a stable power supply to all Nigerians within a single four-year term, especially as the presidency dumped the national grid for a N10bn solar grid, reports DARE OLAWIN President Bola Tinubu did...

FMDQ lists N10bn Veritasi Homes bond

17.04.2026

FMDQ Securities Exchange Limited has approved the listing of Veritasi Homes & Properties Plc’s N10.00bn three-year, 20.00 per cent Series 1 Fixed Rate Bond under its N30.00bn bond issuance programme. According to an official statement released on Thursday, this milestone highlights the Exchange’s role in facilitating efficient capital formation within Nigeria’s fixed-income market. FMDQ described...

IMF Cautions Nigeria on Public Debt as Borrowing Climbs

17.04.2026

The International Monetary Fund has declined to endorse a preference for either external or domestic borrowing for Nigeria, stressing that the country’s rising debt profile requires a stronger focus on sustainability and repayment capacity. Speaking at a media briefing on the Regional Economic Outlook for Sub-Saharan Africa, Abebe Aemro Selassie, Director of the IMF’s African...

FirstBank & Ekiti Launch Fund to Support 60 Startups

17.04.2026

FirstBank of Nigeria has partnered with the Ekiti State Government to launch an Innovation Enterprise Support Fund, aimed at financing startups and accelerating technology-driven business growth within the state. The initiative targets 60 startups across various stages of development, providing funding, mentorship, and market access to strengthen Ekiti’s emerging innovation ecosystem. Under the programme structure,...

Afreximbank Profit Rises to $1.15bn as Assets Hit N56.7trn

17.04.2026

The African Export-Import Bank has reported a stellar financial performance for the 2025 fiscal year, characterised by significant bottom-line growth and a massive expansion of its balance sheet to support trade across the continent. The bank’s net profit climbed to $1.15bn (approximately N1.5tn), representing an 18 per cent increase over the $973.5m recorded in the...

NGX market cap surges by N1.66tn amid bullish trading

17.04.2026

The Nigerian equities market sustained its bullish momentum as investors continued to accumulate fundamentally strong stocks, pushing key performance indicators higher at the close of trading. The market capitalisation opened the session at N134.772tn and advanced to N136.435tn, reflecting strong buying interest across several counters. Similarly, the All-Share Index climbed from 209,317.41 points at the...

Ecobank Announces Adire Lagos Experience 5.0 for 2026

17.04.2026

Ecobank Nigeria, a subsidiary of the leading Pan-African financial services group, Ecobank Group, has announced the fifth edition of the Adire Lagos Experience, its flagship cultural and creative industry showcase. According to a statement from the bank, the 2026 edition is themed ‘Threads Across Borders’, celebrating the depth and global resonance of Adire as a...