Business – Page 252 – Rise Africa

Uto Ukpanah Investiture as 30th ICSAN President

18.07.2025

The Institute of Chartered Secretaries and Administrators of Nigeria will on Wednesday, July 23, hold the investiture of Mrs Uto Ukpanah as its 30th President and Chairman of the Governing Council. In a statement, ICSAN said Ukpanah, a governance professional and lawyer would succeed Mrs Funmi Ekundayo, the Institute’s first female president, whose two-year tenure...

RMB Wins International Banking Awards in Africa

18.07.2025

RMB has received international honours for its operations on the African continent. In a statement on Thursday, the African Corporate and Investment Bank indicated that it won the Best Transactional Banking provider in Africa at the 2025 Global Finance awards and emerged as the Best Overall Cash Management provider in South Africa in the 25th...

AMCON’s N24.6bn Appeal Struck Out by Supreme Court

18.07.2025

The Supreme Court of Nigeria has struck out the appeal filed by the Asset Management Corporation of Nigeria in its protracted legal dispute with Suru Worldwide Ventures Nigeria Limited and its Managing Director, Mr. Edward Akinlade, over an alleged debt claim of N24.6bn. Delivering judgement on Monday, July 7, 2025, in Appeal No. SC/CV/865/2021, the...

Business

FirstBank Boosts UNGC Partnership for Sustainable Finance

18.07.2025

FirstBank has strengthened its partnership with the United Nations Global Compact to drive sustainable finance and unlock capital for development. In a statement on Thursday, the lender said that its ongoing partnership was reinforced at the recently concluded Fourth International Conference on Financing for Development hosted by the United Nations Department of Economic and Social...

Odu’a Investment Upgraded to ‘Aa-’ by Agusto & Co.

18.07.2025

Pan-African rating firm Agusto & Co. has upgraded Odu’a Investment Company Limited’s corporate rating to ‘Aa-’ with a stable outlook in its recently released 2025 Corporate Rating Report. In a statement on Thursday, Odu’a Investment said the upgrade from the previous rating of ‘A+’ to ‘Aa-‘ reflects its improved operating income and cash flow, driven...

Nigeria Woos Investors to Booming Paint Industry

18.07.2025

Government agencies and manufacturers have made a renewed effort to attract local and foreign investors to Nigeria’s paint and coatings industry, highlighting opportunities in raw materials, technology, and regulatory support. According to a statement, the stakeholders, including the Manufacturers Association of Nigeria, the Standards Organisation of Nigeria, and the Raw Materials Research and Development Council,...

NCC’s New Telecom Licensing to Boost Tech Innovation in Nige

18.07.2025

The Nigerian Communications Commission has announced a new licensing framework designed to foster innovation and expand opportunities for startups and technology-driven enterprises within the telecommunications sector. The Executive Vice Chairman of the NCC, Dr. Aminu Maida, disclosed this in a speech delivered on his behalf by the Executive Commissioner for Stakeholder Management, Rimini Makama, at...

Nigeria Targets 8,500MW Electricity Output in 18 Months

18.07.2025

The Federal Government has unveiled an ambitious target to ramp up national electricity supply from the current output of about 5,500 megawatts to 8,500 megawatts within the next 12 to 18 months, as part of efforts to stabilise and expand Nigeria’s power infrastructure. The Director-General of the Bureau of Public Enterprises, Ayodeji Gbeleyi, gave the...

Dun & Bradstreet Warns of Fake DUNS Number Agents in Nigeria

18.07.2025

Dun & Bradstreet Nigeria, the sole authorised provider of the globally recognised DUNS number in the country, has issued a warning to businesses and professionals about the rise of fraudulent individuals and entities falsely claiming to offer DUNS registration services. The warning issued in a statement on Monday stated that the company is the only...

IDIPR Lauded for Grassroots Empowerment and Record Income

18.07.2025

Stakeholders have commended the Ijebu Development Initiative on Poverty Reduction for its financial performance in 2024 and grassroots empowerment programmes. The commendation came during its 25th Annual General Meeting held recently in Ijebu-Ode, the Ogun State capital. IDIPR is a community-based non-governmental organisation. The initiative’s core objective is poverty reduction and improving livelihoods. Since its...