Business – Page 30 – Rise Africa

IEI Takes Insurance Education to Tejuosho Market

26.02.2026

International Energy Insurance Plc has taken its insurance awareness drive to the Tejuosho Market, one of Lagos’ busiest commercial hubs. The outreach forms part of the company’s February engagement activities themed ‘Love in Insurance’. The PUNCH reports that the initiative is designed to simplify insurance for everyday Nigerians and show how it fits into their...

Business

Offtake & FX Discipline Key

26.02.2026

The Managing Director and Chief Executive Officer of FirstCap Limited, Ukandu Ukandu, has reaffirmed that payment security remains the most decisive factor in determining whether gas and power projects in Nigeria secure financing. He shared this perspective during a panel discussion on project bankability at the 2026 SPE Lagos Energy Week. Ukandu, who spoke at...

Business

UAE-Nigeria Non-Oil Trade Expands to $7.4 Billion

26.02.2026

The Lagos Chamber of Commerce and Industry has affirmed that the United Arab Emirates is a critical investor and trading partner to Nigeria, as non-oil trade between both countries continues to expand. “The UAE–Nigeria relationship is increasingly defined by shared priorities: resilient trade, strategic infrastructure, and innovation-driven growth,” said Assistant Minister of Foreign Affairs for...

Facial Biometrics to Boost Healthcare for Undocumented Patie

26.02.2026

HumanCoop has entered into a humanitarian partnership with Identy.io to deploy facial biometric identity verification solutions aimed at improving healthcare delivery for thousands of undocumented patients in Africa. HumanCoop operates in northern Mauritania, where a team of volunteer healthcare professionals and technical experts provides both primary and specialised medical care through periodic missions. A statement...

NAMA relies on backup systems after Lagos airport fire

26.02.2026

The Managing Director of the Nigerian Airspace Management Agency, Farouk Umar, has revealed that critical air-to-ground communication equipment was destroyed during Monday’s fire outbreak at Terminal 1 of the Murtala Muhammed International Airport, Lagos, forcing air traffic controllers to rely entirely on emergency backup systems to sustain flight operations. Umar disclosed this while assessing the...

Business

CIBN Pledges Support for ACAMB in Strategic Partnership

26.02.2026

The Chartered Institute of Bankers of Nigeria has pledged its full support to the Association of Corporate and Marketing Professionals in Banks following a high-level strategic meeting between the leadership of both bodies. The high-profile meeting, which took place on Tuesday at the CIBN Building, Lagos, served as a formal introduction of the new ACAMB...

Business

Union Bank affirms stability after Cardoso remarks

26.02.2026

Union Bank of Nigeria has reassured customers and stakeholders of stability in its operations and the safety of customers’ deposits following comments from the Governor of the Central Bank of Nigeria, Olayemi Cardoso, on lenders currently under regulatory oversight. In a statement on Wednesday, the bank said that the CBN governor’s comments were consistent with...

Mergers Loom for 13 Banks

26.02.2026

As the recapitalisation deadline set by the Central Bank of Nigeria draws closer, fresh concerns are emerging over the fate of at least 13 banks still racing to meet the new minimum capital requirement, with analysts warning that mergers may yet reshape the industry. At the end of the Monetary Policy Committee meeting on Tuesday,...

Ex-AfDB Adviser Unveils Book on Africa’s Industrialisation

26.02.2026

A former Senior Special Adviser on Industrialisation to the President of the African Development Bank, Professor Banji Oyelaran-Oyeyinka, has released a new book, The Quest for Industrialisation: Pioneering Technology Innovation and Industrial Development in Africa, urging African leaders to prioritise technological capability and manufacturing as the foundation for sustainable growth. Oyeyinka, a professor of development...

ASN backs CBN call for Nigeria stablecoins regulation

26.02.2026

The Africa Stablecoin Network has thrown its weight behind Governor Olayemi Cardoso of the Central Bank of Nigeria over his call to modernise cross-border payments, urging regulators to adopt a coordinated framework that would unlock the benefits of stablecoins for the Nigerian economy. Cardoso, speaking at the Intergovernmental Group of Twenty-Four Technical Groups Meeting, said...