Business – Page 26 – Rise Africa

Stakeholders push for green value chains in West Africa

27.02.2026

Agriculture and agribusiness stakeholders have intensified calls for sustainable practices across West Africa’s agricultural ecosystem, urging actors to green the entire value chain to boost resilience, competitiveness and global relevance. The push took centre stage at the 2026 edition of the Green Agric West Africa Expo, held in Lagos on Wednesday, where participants from Nigeria,...

Nigeria’s Shea Nut Export Ban: Stakeholders Urge Licensing

27.02.2026

Agribusiness and shea nut stakeholders have called for a structured licensing regime that will restrict farmgate purchases to certified agents, as President Bola Tinubu extends the ban on raw shea nut exports for another year. President Tinubu, on Wednesday, approved the extension of the ban from 26 February 2026 to 25 February 2027 to deepen...

NIWA Lagos boss Sarat Braimah bags Nelson Mandela Award

27.02.2026

The Lagos Area Manager of the National Inland Waterways Authority, Sarat Braimah, has been conferred with the Nelson Mandela Pan-African Leadership Award by the Stay Africa Youth Development Initiative in recognition of her hard work and dedication to national service. According to a statement on Wednesday, the Accra, Ghana-based organisation, led by its President, Dominic...

NDPHC seeks gradual electricity subsidies removal in Nigeria

27.02.2026

The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company, Jennifer Adighije, has urged the Federal Government to remove electricity subsidies for all customers and implement fully cost-reflective tariffs to restore financial stability in Nigeria’s power sector. Adighije made the call in a statement made available to our correspondent in Lagos....

B’Odogwu platform doesn’t alter exchange rates: Customs

27.02.2026

The Nigeria Customs Service has clarified that B’Odogwu, a Unified Customs Management System, does not under any circumstance generate, substitute, or alter exchange rates for cargo clearance. The Service stated that where data transmission formats change, the system is designed to retain the last valid Central Bank-provided rate until the updated feed is successfully processed,...

Reforms aim to grow non-oil exports

27.02.2026

Nigeria is intensifying efforts to grow non-oil exports through air cargo reforms driven by the Federal Airports Authority of Nigeria, highlighting fresh infrastructure and revenue initiatives while examining their long-term viability, PRINCESS ETUK reports In the modern global economy, the speed of trade is often as important as its volume. For a nation like Nigeria,...

Calls for Reform & Clean Energ

27.02.2026

Stakeholders in Nigeria’s electricity sector have renewed calls for coordinated reforms, stronger accountability and a structured transition to cleaner energy, as the Nigeria Electricity Supply Industry Week 2026 was officially unveiled in Abuja. The initiative, according to its organisers, is aimed at addressing longstanding challenges in the sector by fostering sustained collaboration among regulators, operators,...

Kogi Secures Licence for Ajaokuta Free Trade Zone

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 towards unlocking the country’s dormant steel and solid minerals potential. Governor Usman Ododo, who received...

Lafarge Africa Revenue Hits Record N1.1 Trillion in 2025

27.02.2026

Lafarge Africa Plc has announced a landmark financial performance for the year ended December 31, 2025, crossing the N1 trillion revenue threshold for the first time in its history. In a statement released on Thursday and signed by the Head of Corporate Communications, Ginikanwa Frank-Durugbor, the cement giant revealed that its revenue surged by 53...

FG moves to boost research financing for enterprise growth

27.02.2026

The Minister of Science, Technology and Innovation, Dr Kingsley Udeh, on Thursday, said the Federal Government is advancing plans to strengthen research financing to accelerate commercialisation and enterprise development. The minister made the announcement in Abuja, at the Nigeria-EU Science and Innovation Day, where policymakers, researchers, innovators, and private-sector actors convened to deepen cooperation and...