Business – Page 41 – Rise Africa

ExxonMobil Plans $16bn Nigeria Oil Investment Expansion

10.04.2026

ExxonMobil has unveiled plans to invest billions of dollars in deepwater oil projects in Nigeria, signalling renewed confidence in the country’s upstream sector. The oil major disclosed this during a visit to the headquarters of the Nigerian Upstream Petroleum Regulatory Commission in Abuja as part of activities marking 20 years of the Erha deepwater project,...

Nigeria Healthcare Market to Reach $161.7m by 2027

10.04.2026

Nigeria’s healthcare sector is witnessing sustained growth, with projections indicating a 7.1 per cent expansion rate and an estimated market value of $161.7m by 2027. According to a statement issued on Thursday by the organisers of the World Health Expo Lagos 2026, Informa Markets, recent public and private sector investments are helping to strengthen infrastructure,...

Reforms boost Nigeria oil production with $24bn investment

10.04.2026

The Nigerian National Petroleum Company Limited has said recent reforms in the oil and gas sector have unlocked over $24bn in fresh investments, with an additional $10bn currently in the pipeline, as the country intensifies efforts to achieve its three million barrels per day production target. The Group Chief Executive Officer of NNPC Ltd, Bayo...

Nigeria maritime sector revenue surges to N1.83tn in 2 years

10.04.2026

The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Thursday said Nigeria’s maritime sector had recorded significant improvements under this administration, citing the elimination of piracy, clearance of Apapa port gridlock, rising revenue and renewed investor confidence. Oyetola disclosed this on Thursday at the Blue Economy Investment Summit in Abuja, organised by the Maritime...

ExxonMobil Plans Major Deepwater Investments in Nigeria

10.04.2026

Fresh indications have emerged that Nigeria’s deepwater oil sector may be on the cusp of a major investment rebound as ExxonMobil unveiled plans for multi-billion dollar projects, including a potential Final Investment Decision as early as 2027. The oil giant disclosed this during a high-level visit to the Nigerian Upstream Petroleum Regulatory Commission in Abuja,...

Guinness drives youth empowerment with cultural initiatives

10.04.2026

Guinness Nigeria Plc has reaffirmed its commitment to empowering young Nigerians and shaping contemporary culture through the unveiling of the Malta Guinness “Every Side of You” Mosaic, a large-scale cultural installation launched in Surulere, Lagos. Developed under the “Every Side of You” campaign from Malta Guinness, the installation stands as a bold expression of creativity,...

Upstream oil sector rebounds with $10bn new investments

10.04.2026

Nigeria’s upstream oil and gas sector is witnessing a resurgence in investor confidence, with over $10bn in new investments unlocked through recent regulatory reforms, the Nigerian Upstream Petroleum Regulatory Commission has said. The Commission Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, disclosed this on Thursday at the 2026 Oloibiri Lecture and Energy Forum in Abuja,...

Firms Cushion Inflation as Nigeria’s Business Climate Bites

10.04.2026

Nigeria’s business environment remains challenging, with manufacturers increasingly absorbing inflationary pressures through reduced profit margins and improved efficiency, the Managing Director and Chief Executive Officer of Coleman Technical Industries Limited, George Onafowokan, has said. Speaking during an interview reviewing the economy in the first quarter of 2026, Onafowokan expressed cautious optimism that the economy is...

Power & Insecurity Top Business Challenges in Nigeria – CBN

10.04.2026

Businesses across Nigeria identified inadequate electricity supply and insecurity as their most pressing operational challenges in March 2026, despite maintaining a broadly positive outlook on the economy, according to the latest Business Expectations Survey released by the Central Bank of Nigeria on Thursday. The report stated, “Respondents identified Insufficient Power Supply (74.5), Insecurity (70.9), High/Multiple...

Secure Investment with 14.082% Returns

10.04.2026

The Debt Management Office has officially opened subscriptions for the April 2026 Federal Government of Nigeria Savings Bonds, offering retail investors a high-yield opportunity to grow their wealth in a secure environment. The latest issuance offers interest rates of up to 14.082 per cent per annum, underscoring the government’s commitment to delivering stable investment opportunities...