Business – Page 27 – Rise Africa

Nigeria’s Public Debt Rises to N159.28tn in Q4 2025

15.04.2026

Nigeria’s total public debt has increased to N159.28tn as of 31 December 2025, driven by fresh domestic and external borrowings, data released on Tuesday by the Debt Management Office has shown. The latest figure represents a quarter-on-quarter increase of N5.98tn, or 3.9 per cent, from N153.29tn recorded at the end of September 2025, and a...

Nigerian Insurance Sector Hits N2.3tn Premium in Q4 2025

15.04.2026

The Nigerian insurance industry has reached a watershed moment, recording N2.30tn in Gross Premium Written at the close of the fourth quarter of 2025. This figure represents a 47.3 per cent year-on-year growth, signalling a profound shift in the country’s financial landscape. According to the latest performance bulletin released by the National Insurance Commission, this...

Nigerian market rally surges by N883bn led by key stocks

15.04.2026

The Nigerian Exchange maintained its upward trajectory as the overall market capitalisation crossed the N132tn threshold, bolstered by significant gains in 40 listed stocks. At the close of the trading session on Tuesday, the market capitalisation rose by N883bn to settle at N132.492tn, while the All-Share Index advanced by 1,372.52 points, or 0.67 per cent,...

Lagos Hub Launches Global Citizenship Advocacy Community

15.04.2026

HOC Capital Club, in partnership with Cersei Partners, has launched what it describes as the world’s first global citizenship advocacy community, aiming to unite high-net-worth individuals, entrepreneurs, policymakers, and leaders to engage in structured advocacy on mobility, taxation, cross-border investment, and equitable access to opportunities. The spokesperson for the initiative, Oluwafemi Faweya, said the platform...

Expert Urges Local Content Fashion Policy for Nigeria

15.04.2026

Concerned about the growing dominance of foreign fabrics and clothing in Nigeria’s markets, the Managing Director of Zara Eniola Limited, Zara Oladega, has called on the Federal Government to introduce deliberate local content policies to revive the nation’s struggling textile and garment industry. Oladega, who spoke with journalists on Tuesday, warned that the increasing influx...

NGO bridges school feeding gap for Ibadan schoolchildren

15.04.2026

An NGO, Feast for the Nations, has said it is bridging gaps in school feeding for children in underserved communities in Ibadan through targeted nutrition interventions aimed at improving learning outcomes. In a recent outreach at FOA Primary School in Ode-Aje, the organisation provided meals for 266 pupils in a single exercise, bringing its total...

Insolify deploys AI payment system for African markets

15.04.2026

A fintech infrastructure company, Insolify, has announced the deployment of a new low-latency artificial intelligence payment system aimed at reducing transaction failures across high-growth African markets where connectivity remains inconsistent. The company said the solution is designed to address a common challenge faced by users in countries like Nigeria and Kenya: payment timeouts caused by...

PowerLabs’ AI Energy Management Platform Secures Funding

15.04.2026

A Lagos-based energy and climate-tech start-up, PowerLabs, has raised a pre-seed funding round to tackle Nigeria’s fragmented and unreliable power systems. The round was led by Breega, with participation from Catalyst Fund, Mercy Corps Ventures and Kaleo Ventures. The company said in a statement by CEO & Co-Founder, Tobechukwu Arinze on Tuesday that proceeds would...

ECHO Accelerator Targets Africa’s Growing Creator Economy

15.04.2026

The ECHO accelerator, launched by Woof Studios, is seeking to professionalise Africa’s $30bn fast-growing creator economy by training digital content creators to build scalable and monetisable businesses. Unveiled at an event in Lagos titled The Future of Africa’s Creator Economy, the programme brought together a cohort of creators alongside industry leaders from film, media and...

Irede Foundation expands disability outreach in Lagos

15.04.2026

The Irede Foundation has expanded its disability inclusion outreach in Lagos, reaching more than 1,000 residents through an annual programme that combines awareness advocacy, fundraising and direct support for people living with disabilities. The initiative, held in Lagos, brought together volunteers, supporters and beneficiaries who contributed personal resources to support empowerment efforts for persons with...