Business – Page 28 – Rise Africa

Funmi Ekundayo Becomes President of Global CSIA Body

10.12.2025

Governance expert and corporate executive, Funmi Ekundayo, has emerged as the new President of the Corporate Secretaries International Association, the global body representing governance professionals and corporate secretaries across more than four continents. The announcement, made over the weekend on the Association’s official website, marks a major milestone for Nigeria’s governance community and reinforces Ekundayo’s...

25 Influential Nigerians Shaping Culture & Innovation in 202

10.12.2025

Nigeria’s global influence is accelerating, and in 2025, a new wave of leaders, innovators, creatives, and changemakers is driving that rise. From reform-minded politicians to cultural powerhouses redefining African identity, these individuals are not only visible — they are shaping how the world sees Nigeria. This year’s spotlight reflects a blend of international acclaim and...

CBN Vows to Boost Agricultural Financing in Nigeria

10.12.2025

The Central Bank of Nigeria hopes to lift agricultural lending above the current level of less than five per cent of banks’ credit, with Governor Olayemi Cardoso declaring that agriculture must receive its “rightful place in our financial system and national priorities.” Cardoso spoke in Abuja on Tuesday at the inauguration of the newly constituted...

NNPC Hits 36-Year High in Daily Oil Production

10.12.2025

The Nigerian National Petroleum Company’s upstream subsidiary, NNPC Exploration and Production Limited, has recorded its highest daily crude oil production in more than three decades, hitting 355,000 barrels per day on December 1, 2025. The milestone, confirmed in a statement issued on Tuesday by NNPC Limited’s Chief Corporate Communications Officer, Andy Odeh, marks the company’s...

Nigerian stock market dips by N311bn on profit-taking

10.12.2025

The Nigerian equities market on Tuesday recorded a decline, shedding N311 billion as investors took profits in medium and large-cap stocks following four consecutive sessions of gains. Market capitalisation fell by 0.33 per cent, closing at N93.658 trillion from Monday’s N93.969 trillion. Similarly, the All-Share Index lost 487.66 points, or 0.33 per cent, to settle...

Kogi unveils free trade zone to attract $5bn FDI

10.12.2025

Kogi State Government on Tuesday unveiled the Ajaokuta Economic City, projected to attract between $2 billion and $5 billion in foreign direct investment to Nigeria over the next seven years. Speaking at the ceremony in Abuja, Governor Ahmed Ododo described the unveiling as a milestone in the economic development of the state, saying the Economic...

NNPC & Heirs Energies End Gas Flaring at OML 17

10.12.2025

The NNPC/Heirs Energies OML 17 Joint Venture on Tuesday signed Gas Flare Commercialisation Agreements under the Nigerian Gas Flare Commercialisation Programme and approved Non-NGFCP frameworks. At the ceremony held in Lagos, the JV said the event marked a significant transition from regulatory approvals to structured commercial execution, enabling flare gas volumes across OML 17 to...

Abuja-Kaduna Train Disruptions Are Temporary, NRC Assures

10.12.2025

The Nigerian Railway Corporation has assured passengers on the Abuja–Kaduna Train Service that recent disruptions on the route are temporary and not a result of neglect or indifference. NRC, in a statement signed by the Chief Public Relations Officer, Callistus Unyimadu, on Tuesday, noted, “We appreciate the passion, concern, and sense of national responsibility expressed....

Nigeria has 22,681 filling stations & 25,000 tankers

10.12.2025

Nigeria’s downstream petroleum sector has approximately 22,681 registered filling stations and more than 25,000 tanker trucks currently operating nationwide, according to the latest fact sheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, an agency of the Federal Government. The report, titled ‘State of the Downstream Sector’, provides a fresh snapshot of the...

Zoracom unveils platform for telecom field operations

10.12.2025

Zoracom has introduced its FIELD platform to tackle delays, missed installations, and errors in Nigeria’s telecom field operations. The Lagos-based technology company says the platform is helping operators gain real-time visibility and structure in managing their fieldwork. Across cities and suburbs, engineers often head out with ladders, tools, and work orders, relying mainly on phone...