Business – Page 293 – Rise Africa

SAHCO Revenue Soars to N28bn in 2024

28.06.2025

The Skyway Aviation Handling Company Plc has announced a boost in its financial performance, increasing its revenue to N28.9bn in the 2024 financial year. The aviation company added that it will acquire additional ground support equipment to improve and extend its operations to more clients. These were contained in the 2024 Financial Year Report presented...

Dangote Refinery Prioritizes Nigerian Workers

28.06.2025

The Nigerian Content Development and Monitoring Board has charged the Dangote Petroleum Refinery and Petrochemical Company to prioritise Nigerian workers before bringing in expatriates to work at the refinery. The Executive Secretary of NCDMB, Felix Ogbe, stated this on Tuesday when the two organisations inaugurated a Joint Technical Committee aimed at advancing local content implementation...

Geely Nigeria: N1bn After-Sales Workshop Unveiled

28.06.2025

Coscharis Motors Plc, the exclusive representative of the Geely automotive brand in Nigeria, has launched an after-sales workshop valued at over N1bn. The new facility, aimed at enhancing the ownership experience for Geely customers, was unveiled during a press briefing and facility tour on Thursday. Speaking at the event, Executive Director of After Sales and...

Nigeria Bank Recapitalization: Strengthening the Financial S

28.06.2025

Following the significant depreciation of the naira, which caused Nigerian banks to fall behind in the hierarchy in Africa, the Central Bank of Nigeria aims to further strengthen the financial system by instructing local lenders and Bureaux De Change to bolster their capital reserves, writes FELIX OLOYEDE Global credit rating agency, Fitch Ratings, has confirmed...

Nigerian Businesses Must Prioritize Sustaina

28.06.2025

The Financial Institutions Training Centre has called on Nigerian businesses to pursue long-term profitability by adapting Environmental, Social and Governance principles to their unique operating contexts. Business experts, during the FITC Sustainability and ESG Conference 2025 on Thursday in Lagos, spoke on the theme, ‘Building a Prosperous Future: Unlocking Growth Opportunities through Sustainability and ESG...

Politics Blamed for Nigeria’s Electricity

27.06.2025

The Chartered Institute of Power Engineers of Nigeria has said that Nigeria’s persistent electricity crisis is largely driven by politics and the government’s failure to appoint competent professionals to oversee the sector. Speaking during a press briefing in Abuja to mark the institute’s second anniversary, CIPEN President and Chairman-in-Council, Israel Abraham, said the lack of...

Serverless Computing: Transforming Real-Time Data Management

27.06.2025

A United States-based data analyst, Akeem Ogundipe, has said serverless computing, as an innovative technology, will transform how organisations handle the surge in real-time data processing. In a statement made available to The PUNCH, Ogundipe noted that platforms like AWS Lambda, Google Cloud Functions, and Microsoft Azure Functions were enabling businesses to build real-time applications...

Sugar Tax Hike Rebuttal: ThinkBusiness Challenges CAPPA’s Pr

27.06.2025

A Kenya-based intelligence company, ThinkBusiness Africa, has sharply contested the proposed 1,200 per cent increase in the sugar-sweetened beverage tax in Nigeria. In a press conference on Tuesday in Lagos, the intelligence platform disagreed with the report by Corporate Accountability and Public Participation Africa entitled ‘Evaluating Nigeria’s Sugar-Sweetened Beverage Tax: A Critical Review of CAPPA’s...

International Breweries Leads Sustainable Packaging Charge

27.06.2025

International Breweries Plc has revealed that over 95 per cent of its product portfolio is now packaged in returnable glass bottles in a bid to reduce waste and deepen its commitment to sustainability through circular economy models. Disclosing this in a statement, the Managing Director, Carlos Coutino, said the company has made circular packaging a...

Business

Budget Extension Deters Investors: LCCI Warns

27.06.2025

The Lagos Chamber of Commerce and Industry has called on the National Assembly to cap future rollovers of capital budgets at one per fiscal year to restore the integrity of the January–December budget cycle and rebuild investor confidence in government infrastructure delivery. The Senate had, during plenary on Tuesday, extended the implementation of the capital...