Business – Page 24 – Rise Africa

Energia appoints Oladimeji Bashorun as new CEO

16.04.2026

Energia Limited, an oil and gas exploration and production company, has announced the appointment of Oladimeji Bashorun as its Chief Executive Officer, following the vacancy created by the exit of Chidi Egonu. The company said in a statement that Bashorun, who previously served as the company’s Chief Operating Officer, steps into the role after years...

AXA Mansard Revenue Grows 22% to N160.56bn for FY 2025

16.04.2026

AXA Mansard Insurance Plc has reported a robust 22 per cent increase in insurance revenues, reaching N160.56bn for the financial year ended 31 December 2025. The results, released in Lagos, underscore the insurer’s resilience in a macroeconomic environment characterised by heightened inflationary pressures and foreign exchange volatility. The growth was broad-based across the Group’s core...

Nigeria’s 2026 Fiscal Policy: Imports, Energy & Inflation

16.04.2026

Nigeria’s economy faces a delicate balance as the 2026 Fiscal Policy Measures ease import duties on key food and production inputs, offering relief to importers and businesses. However, a 32-basis-point rise in headline inflation to 15.38 per cent in March is quickly offsetting these gains, JIDE AJIA reports As surging energy costs and structural supply...

Agents Blame NSW for Port Operations Breakdown in Nigeria

16.04.2026

Clearing agents have accused the newly introduced National Single Window of crippling port operations. In a statement on Monday, a former Acting National President of the Association of Nigerian Licensed Customs Agents, Dr Kayode Farinto, while calling on the Federal Government to urgently suspend the newly introduced NSW platform, warned that the platform “has crippled...

UAE Strengthens Logistics for Deeper Nigeria Trade Partnersh

16.04.2026

The United Arab Emirates has intensified efforts to strengthen trade corridors and enhance logistics coordination with Nigeria. This move is seen as significant for Nigeria and other key African markets that rely on seamless cargo flows and strategic trade partnerships. The position was made known by the UAE Minister of Foreign Trade, Thani bin Ahmed...

Farmtech unveils advanced energy storage solutions in Nigeri

16.04.2026

Farmtech Integrated Services, the agrivoltaics-focused subsidiary of Komponents and Solutions Rack Limited, has unveiled Sunwoda Energy in Nigeria, marking a step toward expanding energy storage solutions in the country. The product launch, held at the Farmtech/Komponents facility in Oregun, Lagos, brought together industry professionals and stakeholders to witness the unveiling of Sunwoda Energy’s energy storage...

How the Amukpe-Escravos Pipeline Strengthens Crude Evacuatio

16.04.2026

The Amukpe–Escravos Pipeline has improved crude evacuation and strengthened Nigeria’s oil export reliability since it became operational in 2022, a United States-based energy consultant, Chukwuma Atuanya, has said. The 67-kilometre, 20-inch pipeline, which runs from Amukpe in Delta State to the Escravos terminal, was built to provide a reliable crude evacuation route and enhance operational...

Retailers Urge FG to Resume Petrol Imports in Nigeria

16.04.2026

The Petroleum Products Retail Outlets Owners Association of Nigeria has urged the Federal Government to reopen petrol imports to promote competition and stabilise fuel prices in the country. Recall that the Nigerian Midstream and Downstream Petroleum Regulatory Authority said last month that it suspended fuel importation due to improved domestic refining capacity. But PETROAN, in...

Nigeria Infrastructure Fund Income Hits N4.3bn in Q1 2026

16.04.2026

The Nigeria Infrastructure Debt Fund has released its first-quarter regulatory filing for the period ended 31 March 2026, revealing a resilient performance anchored by a steady flow of interest from its diverse portfolio of essential projects. The Fund, which is the first of its kind listed on the Nigerian Exchange and FMDQ, reported a total...

The Key to Nigeria’s Economic Growth

16.04.2026

The Acting Executive Director of Commercial Solutions at Zedvance, Ayooluwa Oladimeji, has stated that the growth of Small and Medium-scale Enterprises in Nigeria is heavily dependent on access to liquidity. He stressed that improved financing remains critical to unlocking business expansion and driving economic productivity. Oladimeji stated this during a live interview monitored by our...