Business – Page 39 – Rise Africa

Sanwo-Olu Pledges Infrastructure-Led Growth for Lagos

09.02.2026

The Lagos State Government has pledged to remain focused on deepening infrastructure delivery, strengthening institutions, expanding climate-adaptive investments in drainage and resilience, and ensuring that urban growth translates into measurable improvements in quality of life. The Lagos State Governor, Babajide Sanwo-Olu, stated this while speaking at the 2026 Nigeria Construction and Real Estate Outlook organised...

CBN Flags Risks in Nigeria Fintech’s Foreign Reliance

09.02.2026

Nigeria’s fintech sector, one of Africa’s fastest-growing, remains heavily dependent on foreign investment, exposing it to swings in global markets, the Central Bank of Nigeria said in its 2025 Fintech Policy Insight Report. Startups in the country raised $520m in equity funding in 2024, down from about $747m in 2019, when Nigeria captured roughly 37...

Power Outages in Nigeria Worsen Due to Gas Shortages

09.02.2026

Electricity distribution companies have blamed persistent power outages across their networks on a sharp drop in gas supply to power plants, warning customers to brace for intermittent electricity supply until the situation improves. Lately, Nigerians have been complaining of low power supply compared to what they used to get from the national grid. Saturday PUNCH...

Ecobank Reports 29% Profit Jump to N950bn in 2025

09.02.2026

Ecobank Transnational Incorporated has reported a 29 per cent rise in profit after tax to N950.0bn for the financial year ended December 31, 2025, driven by growth in interest income and non-interest revenue. This was indicated in the Condensed Consolidated Unaudited Financial Statements for the year ended December 2025 filed on the Nigerian Exchange Limited...

FG Issues Deadlines to Chinese Road Contractors Over Delays

09.02.2026

The Federal Government has issued a series of stern warnings and deadlines to China Harbour Engineering Company and its sister firm, China Harbour Operation and Maintenance Company, over alleged substandard work, slow mobilisation, and environmental hazards on key federal road projects across the country. The warnings followed a high-level meeting chaired by the Minister of...

Customs officer killed, ₦3.3bn smuggled goods seized in Ogun

09.02.2026

The Nigeria Customs Service, Federal Operations Unit, Zone ‘A’, has confirmed the death of one of its officers, Assistant Superintendent of Customs Mustapha Akiyode, who was fatally shot by suspected smugglers during an ambush in Ogun State. Akiyode was killed in the early hours of Tuesday, February 3, 2026, while on official duty along the...

CIBN lauds Alex Otti for Abia’s economic growth and reforms

09.02.2026

The Chartered Institute of Bankers of Nigeria has commended Abia State Governor, Alex Otti, for the notable economic progress recorded in the state under his leadership. The President and Chairman of the Council of the CIBN, Prof. Pius Olarenwaju, made this known on Thursday when he led members of the institute on a courtesy visit...

Toyota hikes profit & sales forecasts despite US tariffs

08.02.2026

Japanese auto giant, Toyota, said on Friday it had hiked its profit and sales forecasts for the current fiscal year, as it battled the effects of US tariffs. Despite the “negative impact of US tariffs that newly arose this fiscal year, we have reduced the extent of the profit decline by implementing cost reductions and...

N25bn Investment Boosts Eye Care in Nigeria for 10 Years

08.02.2026

Nigeria has secured about N25bn in funding for a decade-long eye health intervention as Christian Blind Mission International formally launched its SightQuest Nigeria programme in Abuja on Thursday. The SightQuest Nigeria programme is a 10-year national initiative designed to reduce avoidable blindness and visual impairment through stronger, disability-inclusive health systems, thereby improving lives and boosting...

Why Nigeria’s economy must shift from raw material exports

08.02.2026

Nigeria must urgently transition from an economy dependent on raw material exports to one driven by ideas, innovation, and the production of complex goods if it hopes to achieve sustainable growth and long-term prosperity, the Chairman of the Nigeria Revenue Service, Zacch Adedeji, has said. Adedeji made the call on Thursday while delivering the maiden...

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I apologise for saying no heaven without tithe – Adeboye

04.10.2024

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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Latest News

Sanwo-Olu Pledges Infrastructure-Led Growth for Lagos

CBN Flags Risks in Nigeria Fintech’s Foreign Reliance

Power Outages in Nigeria Worsen Due to Gas Shortages

Ecobank Reports 29% Profit Jump to N950bn in 2025

FG Issues Deadlines to Chinese Road Contractors Over Delays

Customs officer killed, ₦3.3bn smuggled goods seized in Ogun

CIBN lauds Alex Otti for Abia’s economic growth and reforms

Toyota hikes profit & sales forecasts despite US tariffs

N25bn Investment Boosts Eye Care in Nigeria for 10 Years

Why Nigeria’s economy must shift from raw material exports

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I apologise for saying no heaven without tithe – Adeboye

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