Business – Page 3 – Rise Africa

NNPC posts N385bn profit as Nigeria oil output rises

10.03.2026

The Nigerian National Petroleum Company Limited recorded a profit after tax of N385bn in January 2026, even as crude oil and condensate production rose to 1.64 million barrels per day, according to the firm’s latest monthly operational report. The January 2026 NNPC Monthly Report Summary, released on Monday, showed that the state-owned energy company generated...

NEM Urges Female Entrepreneurs to Build Professional Structu

10.03.2026

The Managing Director and Chief Executive Officer of NEM Insurance Plc, Andrew Ikekhua, has called on Nigerian female entrepreneurs to transition from subsistence business models toward the technical discipline required to build global conglomerates. Speaking at the presentation ceremony for the 2026 ‘She Means Business’ contest in Lagos, Ikekhua emphasised that long-term success in an...

Nigeria Explores New Funding for National Census

10.03.2026

The Federal Government is exploring innovative financing options, including partnerships with development partners, to support the conduct of a new national population census, the Minister of Budget and Economic Planning, Abubakar Bagudu, has said. Bagudu disclosed this during a familiarisation visit by the Chairman of the National Population Commission, Aminu Yusuf, who led a delegation...

NECA backs Nigeria’s AI monitoring initiative for security

10.03.2026

The Nigerian Employers’ Consultative Association has commended the Minister of Interior, Olubunmi Tunji-Ojo, and the leadership of the ministry for their consistent commitment to strengthening Nigeria’s homeland security architecture and for the ongoing reforms aimed at improving border governance, internal security coordination, and institutional accountability within agencies under the ministry. NECA announced this in a...

NCCC advocates gas as bridge fuel for Africa’s future

10.03.2026

The Director-General of the National Council on Climate Change, Majekodunmi Omotenioye, has said Africa must adopt a pragmatic energy transition strategy that utilises natural gas as a bridge fuel to drive industrialisation while aligning with global climate commitments. Omotenioye said this in her keynote address at the just-concluded three-day Green Conference 2026 organised by Greenplinth...

Business

MTN Upgrades School of mPulse Spelling Bee Champion

10.03.2026

Telecommunications giant, MTN Nigeria, has given a digital upgrade to St Lawrence Metropolitan College, Ado Ekiti, the school of the winner of the 2025 mPulse Spelling Bee Competition, Oreoluwa Alayande. MTN Sales and Trade Development Manager, Ekiti, Chinyere Ikechi, said that apart from celebrating the 14-year-old winner, the upgrade was a means of investing in...

NSDC & BOI Launch N10bn Sugar Projects Fund in Nigeria

10.03.2026

The National Sugar Development Council and the Bank of Industry have established the Sugar Project Acceleration Fund as part of efforts to support the emergence and advancement of greenfield projects across the country. The N10bn fund was introduced to provide financing and project development support to viable greenfield projects, with the aim of accelerating the...

How to overcome the rampant begging culture in society

10.03.2026

Most people are comfortable with being asked for money, but not repeatedly. ARINZE NWAFOR explores how poverty affects society, how far charity can go, and how you can escape rampant begging Begging is not, in itself, a problem. Yet, as public sentiment against it rises, many people are questioning how effective charitable giving is in...

China Considers US Crude Imports Amid Middle East Crisis

10.03.2026

Chinese state-run refiners are considering resuming crude imports from the United States after a nine-month suspension, driven by the ongoing supply crisis in the Middle East, S&P Global’s Platts reported on March 9. S&P Global reports that the additional 20% tariffs on US crude remain in place, but analysts and refinery sources indicate they may...

Africa’s billionaires list: Dangote leads wealth surge

10.03.2026

Africa’s billionaires have seen their wealth surge, with the continent’s 23-member “three-comma club” now worth a combined $126.7 billion, up 21% from 2025. Collectively, they added $20.3 billion over the past year, driven by rising equity markets and stabilising regional currencies. This is according to the latest Africa Billionaires ranking released by Forbes on Monday....