Business – Page 30 – Rise Africa

Guinness Nigeria Valuation Crosses N1tn Milestone

15.04.2026

Guinness Nigeria Plc has achieved a landmark milestone, surpassing the N1tn mark in market capitalisation on the Nigerian Exchange, underscoring strong investor confidence and a sustained track record of value creation. As of 10 April 2026, the company’s market capitalisation stood at approximately N1.01tn, with an enterprise value of N1.05tn. This milestone reflects a significant...

Nigeria’s Gig Economy Booms to $5.17bn, Report Finds

15.04.2026

Ride-hailing and e-commerce platforms are driving Nigeria’s gig economy to an estimated $5.17bn, according to a nationwide report commissioned by Bolt and conducted by Ipsos. The growth underscores how digital platforms are expanding access to flexible income opportunities in a labour market still dominated by informality. The report released on Tuesday in Lagos highlights how...

A Key Investment for Your Career

15.04.2026

African professionals have been urged to view volunteering as a strategic career investment rather than unpaid work, as experts warn that persistent experience gaps continue to limit youth employability across the continent. George Asamani said volunteering remains one of the most overlooked tools for building capability, credibility and leadership, particularly among early and mid-career professionals...

Expert Explains Nigeria’s EdTech Shortfall & Solutions

15.04.2026

Nigeria’s education technology sector is failing to meet the needs of its core users because many products are built on assumptions rather than real-world insight, according to Lagos-based product designer Cindy Shonna. Shonna said a major weakness in the country’s EdTech ecosystem is the tendency for developers to design solutions for “imagined users” rather than...

Mobile Ecosystem Tax Windfall Hits $800bn for Governments

15.04.2026

Governments around the world generated more than $800bn in tax revenues from the global mobile industry in 2025, according to a new report by the Global System for Mobile Communications Association. The figure highlights the sector’s growing importance not only as a driver of digital connectivity but also as a major contributor to public finances....

Nigeria Bolsters Cybersecurity to Protect Digital Economy

15.04.2026

The Federal Government has signalled a renewed push to strengthen Nigeria’s cyber defences, unveiling plans to work with private sector operators and industry stakeholders towards the establishment of a National Cybersecurity Coordination Council aimed at protecting the country’s fast-growing digital economy from evolving cyber threats. The initiative, announced by the Minister of Communications, Innovation and...

Business

Airtel network expansion adds 1,500 base stations in Nigeria

15.04.2026

Africa’s second biggest telco, Airtel, expanded its telecommunications infrastructure in Nigeria with the addition of more than 1,500 base stations over the past year, strengthening broadband capacity and extending connectivity to underserved areas as demand for data services continues to rise. The expansion forms part of the company’s broader investment strategy aimed at improving network...

CSCS Launches Joint Account for Collaborative Investing

15.04.2026

The Central Securities Clearing System Plc has announced the launch of a new suite of investor-centric services. At the forefront of this rollout is a groundbreaking Joint Account feature, designed to streamline collaborative wealth management for families and business partners. The initiative, announced on Tuesday, underscores the CSCS’s commitment to driving innovation and fostering a...

Nigeria’s Fuel Imports Surge Despite Local Refining Growth

15.04.2026

The importation of Premium Motor Spirit, also known as petrol, by oil marketers increased sharply in March 2026, surging by about 96.7 per cent compared to February, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority. Latest data from the regulator’s March 2026 fact sheet obtained by our correspondent on...

MM2 defends 150% parking tariff hike at Lagos airport

15.04.2026

The management of the Murtala Muhammed Airport Terminal Two, operated by Bi-Courtney Aviation Services Limited, has defended the recent 150 per cent increase in parking tariffs, claiming that the decision was driven by operational necessity rather than profit motives. This was contained in a statement released on Monday after The PUNCH reported what passengers described...