Business – Page 25 – Rise Africa

AfDB & AU Push for Visa-Free Travel to Boost AfCFTA

27.02.2026

African policymakers and development institutions have renewed calls for visa-free travel across the continent, positioning free movement of people as essential to unlocking economic transformation under the African Continental Free Trade Area. The push emerged from a high-level symposium co-convened by the African Development Bank Group and the African Union Commission on the margins of...

FG gives cash transfers to 9 million poorest homes in Nigeri

27.02.2026

About nine million poorest households in Nigeria received direct cash transfers under reforms backed by the World Bank’s International Development Association, the Federal Government has said. In a statement issued on Thursday, the Federal Ministry of Finance said the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this while delivering...

Govt Mandates Electronic Procurement System from March 2026

27.02.2026

The Director-General of the Bureau of Public Procurement, Adebowale Adedokun, has disclosed that from March 2, 2026, contractors bidding for public projects will be required to submit their bids electronically as part of efforts to enhance transparency and accountability in the procurement system. Adedokun said the measure became necessary due to persistent irregularities in Nigeria’s...

Kogi State Secures Ajaokuta Free Trade Zone Licence

27.02.2026

The long-awaited revival of Nigeria’s industrial ambitions around the Ajaokuta axis gained fresh momentum on Thursday as Kogi State secured the licence for the newly approved Ajaokuta Economic City Free Trade Zone, in what stakeholders described as a major step toward unlocking the country’s dormant steel and solid minerals potential. Governor Usman Ododo, who received...

Unilever renovates Ogun school with modern facilities

27.02.2026

Unilever Nigeria Plc has upgraded facilities at Local Government Primary School, Elero-Igbesa, in Ogun State, renovating classroom blocks, installing modern toilets, and providing solar power to improve learning conditions. According to a statement, the company partnered with GEP to execute the project, which it handed over on Wednesday, 18 February 2026. The intervention included refurbished...

Modular Refineries in Nigeria: Low Diesel Supply Exposed

27.02.2026

Nigeria’s modular refineries supplied an average of 2.37 per cent of the country’s diesel demand over the three months spanning November 2025 to January 2026, according to data compiled from the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s monthly fact sheets. According to the data, only three modular facilities—Waltersmith, Edo Refinery, and Aradel—were operational during...

Experts Launch WelFAS Wellness App in Nigeria

27.02.2026

Stakeholders in Nigeria’s healthcare and technology ecosystem have unveiled WelFAS, an artificial intelligence-powered wellness application designed to tackle lifestyle-related diseases and expand access to preventive healthcare services. Launched under the theme ‘Safe, Smart, Sustainable: The Future of Total Wellness & Fitness Transformation in Nigeria’, the app is the brainchild of Cynosure WelFAS Limited and integrates...

TMR Global opens Mowe office to boost local economy

27.02.2026

TMR Global Resources Nigeria Ltd has opened its Nigerian branch in Mowe, Ogun State, with a pledge to boost the local economy through affordable services and job creation across energy, real estate, legal services and car dealerships. Speaking at the official opening on Wednesday in Ogun State, the Chief Executive Officer, Afolalu Ariyo, said the...

Standard Chartered posts $10m loss from Africa divestment

27.02.2026

Standard Chartered has reported a $10m loss on its divestment from its operations in Cameroon and the Gambia. This was indicated in its financial statement for 2025. The PUNCH reports that Nigeria’s Access Bank Plc and Standard Chartered Bank entered into agreements for the acquisition of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon,...

Nigeria’s Fashion Industry: Surviving, Not Thriving

27.02.2026

The Managing Director of Zara Eniola Limited, Zara Oladega, has said Nigeria’s fashion industry is merely surviving rather than thriving despite its enormous potential, describing the sector’s contribution to the nation’s Gross Domestic Product as disappointing when compared with global standards. Oladega said this while reacting to the Federal Government’s disclosure that the fashion industry...