Business – Page 438 – Rise Africa

Apapa Terminal Boosts Collaboration for Nigeria Port Efficie

21.08.2025

APM Terminals Apapa has reiterated its commitment to strengthening collaboration across the maritime sector to improve operational efficiency, accelerate cargo clearance, and boost Nigeria’s trade competitiveness. According to a recent statement obtained by The PUNCH, the terminal operator made the call during the APMT’s Partners’ Engagement Forum in Lagos. The event is an annual gathering...

Nigeria Prioritizes Strategic Engagements Over Exhib

21.08.2025

The Federal Government has said that it is more interested in strategic engagements than participating in the trade expo at the ongoing ninth Tokyo International Conference for African Development in Yokohama, Japan. This was disclosed in a statement signed by the Special Adviser to the President (Information and Strategy), Bayo Onanuga, on Wednesday, in reaction...

Global Exchanges Warn of Shrinking Public Markets Risk

21.08.2025

The World Federation of Exchanges, representing exchanges and clearing houses worldwide, has launched its Exchange Manifesto, a declaration aimed at reinforcing the essential role public markets play in economic prosperity, financial inclusion, and systemic resilience. This is even as the global body cautioned that the continued decline of public markets poses a major risk to...

Nigeria Customs Tackles B’Odogwu System Issues with Shippers

21.08.2025

The Nigeria Customs Service has engaged with the Nigerian Shippers’ Council on the implementation of the Unified Customs Management System, commonly known as B’Odogwu. This was contained in a statement on Tuesday by the National Public Relations Officer of the service, Abdullahi Maiwada. Maiwada said the move was part of its modernisation drive and commitment...

Seplat Energy Empowers Journalists with Business, Tech Train

21.08.2025

Seplat Energy has concluded the second edition of its Lagos Media Entrepreneurship Programme, with 50 journalists participating in a two-day training designed to equip them with business and technology skills relevant to the evolving media industry. The just-concluded programme, which followed last year’s inaugural session, focused on correspondents covering the energy, judiciary and business sectors....

Business

Nigerian Banks to Raise N900 Billion in 2025 Recapitalizatio

21.08.2025

An additional N900bn is expected to be injected into the Nigerian banking sector in the 2025 financial year as the deadline for the industry recapitalisation draws nearer. This was disclosed in the latest Nigerian Banking Industry Report published by pan-African rating agency Agusto & Co, which also attached a “stable” outlook to the sector. Nigerian...

NNPC Refineries Will Work, Ojulari Counters Dangote

21.08.2025

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has shown strong determination that the government-owned Port Harcourt, Warri, and Kaduna refineries will work again. Contrary to the views of the President of the Dangote Group, Alhaji Aliko Dangote, that the refineries might not work again, Ojulari said the NNPC...

Nigeria’s Banking Sector Attracts 55% of Q1 2025 Capital Inf

21.08.2025

Foreign investors have continued to display renewed interest in Nigeria, with the banking sector attracting 55.44 per cent of the total capital imported in the first quarter of 2025, FELIX OLOYEDE writes The banking sector was the driver of the $5.6bn capital inflows the country attracted in the first three months of this year, according...

Pension Funds Invest 62% in Govt Bonds: Risk & Returns

21.08.2025

Pension Fund Administrators have channelled more than N14.5tn of workers’ retirement savings into Federal Government securities as of March 2025, reinforcing the industry’s deep dependence on sovereign debt. According to figures obtained from the National Pension Commission, investments in Federal Government securities stood at N14.48tn in the first quarter of 2025, representing 62.09 per cent...

Customs Intensifies Integrity Campaign in Zone C

21.08.2025

The Nigeria Customs Service has extended its Reputation Management Campaign to Zone ‘C’ in Port Harcourt, once again demonstrating its deliberate commitment to building trust and safeguarding institutional integrity. According to a statement on Monday, the event brought together officers from commands across the zone for a train-the-trainer workshop. “The session was designed to equip...