Business – Page 29 – Rise Africa

FG partners on new Delta gas plant to boost supply

15.04.2026

The Federal Government has partnered with Southfield Petroleum Limited to launch a 200 million standard cubic feet per day gas processing plant in Delta State, as part of efforts to address Nigeria’s persistent gas supply shortfall and reduce reliance on imports. The facility, located in Iwherekan, Ughelli South Local Government Area, is expected to boost...

Data Law Compliance Challenges in Nigeria, Says NDPC

15.04.2026

The National Commissioner of the Nigeria Data Protection Commission, Dr Vincent Olatunji, on Monday said ignorance and widespread distrust of regulators were major factors slowing compliance with Nigeria’s data protection laws. Speaking at the opening of the second edition of a Data Protection Officers training programme in Abuja, Olatunji said many organisations still misunderstand the...

Nigeria Commits to Sustainable Blue Economy Development

15.04.2026

The Federal Government has reaffirmed its commitment to sustainable, climate-responsive initiatives as core pillars of Nigeria’s marine and blue economy. The Permanent Secretary of the Federal Ministry of Marine and Blue Economy, Fatima Mahmood, disclosed this in a statement released by the ministry on Tuesday. Mahmood said the ministry was prioritising policies that support environmental...

Nigeria Secures $1bn Steel Deal with Indian Conglomerate

15.04.2026

The Federal Government has secured a fresh $1bn steel investment commitment as part of efforts to accelerate industrialisation, with total foreign direct investment in the steel sector rising above $2.2bn under President Bola Tinubu’s economic reform agenda. The latest deal was sealed on Tuesday in Kolkata, India, where the Minister of Steel Development, Prince Shuaibu...

Tinubu Urges Nigeria Revenue Service to Build Public Trust

15.04.2026

President Bola Tinubu on Tuesday urged the Nigeria Revenue Service to go beyond its core mandate of collecting taxes and become an institution that Nigerians can genuinely trust, warning that no government can demand public confidence when its revenue system is opaque, inefficient or unjust. Tinubu gave the charge at the official commissioning of the...

Aging Radars Threaten Nigeria Aviation Safety, Experts Warn

15.04.2026

Nigeria’s airspace safety is under growing threat as ageing surveillance infrastructure struggles to keep pace with modern aviation demands. The Total Radar Coverage of Nigeria system, once a backbone of air traffic management, is now plagued by obsolescence, funding constraints, and operational gaps, raising concerns over safety, efficiency, and compliance with global standards, OLASUNKANMI AKINLOTAN...

NCAA Warns of Flight Disruptions in Nigeria’s Rainy Season

15.04.2026

The Nigerian Civil Aviation Authority warned of possible disruptions in flight operations despite recent improvements recorded by domestic airlines, which means air travellers across Nigeria may soon have to adjust their schedules and expectations as the rainy season sets in. The caution, coming at a time when many passengers are beginning to enjoy better on-time...

Coscharis Group Pledges Sustainable Value to Stakeholders

15.04.2026

The Coscharis Group has reaffirmed its commitment to delivering long-term value to stakeholders across its diverse business portfolio, in a renewed push to strengthen its market position and deepen customer confidence. The Group Chairman, Cosmas Maduka, stated this at an annual strategy retreat held in Lagos recently. This was contained in a statement made available...

Nigeria Receives 20-Year ICAO Aviation Master Plan

15.04.2026

Nigeria has received a 20-year Civil Aviation Master Plan from the International Civil Aviation Organization, in a move seen as a major step toward repositioning the country’s aviation sector for sustainable growth. According to a statement made available to The PUNCH by the minister’s media aide Tunde Moshood, the document was presented to the Minister...

IMF warns policymakers to prevent global financial contagion

15.04.2026

The International Monetary Fund has issued a stern directive to global financial authorities to take decisive action to “prevent global financial contagion”, as the ongoing war in the Middle East creates a volatile environment of inflationary pressures and heightening systemic risks. In its April 2026 Global Financial Stability Report, released on Tuesday, the IMF highlighted...