Business – Page 464 – Rise Africa

AfCFTA zero-tariff unprofitable without diversified exports – Experts

19.04.2025

Economic experts have warned that the Federal Government can only take full advantage of the African Continental Free Trade Area zero-tariff window by rapidly industrialising and producing more export-ready goods for African markets. Their call follows Nigeria’s recent gazetting of the Provisional Schedule of Tariff Concessions, becoming the 23rd AfCFTA state party to do so....

Police arrest cable counterfeiters

19.04.2025

The Nigeria Police Force has arrested suspects for allegedly counterfeiting electrical cables during coordinated raids in Lagos and Ogun states. According to a statement, a special task force acting on the directive of the Assistant Inspector-General of Police, Adegoke Fayoade, raided locations including 29 Idolowo Market, 4 Sagbemi Street on Lagos Island, Akute in Ogun...

Beiersdorf unveils new product

19.04.2025

Beiersdorf has officially launched its dermatologist-recommended brand, Eucerin, in Nigeria, reinforcing its commitment to delivering scientifically proven skincare tailored to African skin. The launch event took place recently in Lagos. Eucerin, backed by over 120 years of dermatological research, is designed to address hyperpigmentation, acne, dry skin, and sun protection. According to a statement, this...

Julius Berger wins construction award

19.04.2025

Julius Berger Nigeria recently emerged as the best construction and infrastructure company of the decade. In a statement, it was stated that at an award ceremony organised by West Africa Innovation Awards, designed to promote excellence, creativity, and innovation among brands and brand professionals in the West African subregion, the company came top ahead of...

Stakeholders eye fashion industry boom in Nigeria

19.04.2025

Stakeholders have predicted a Nigerian fashion industry boom as it gains traction among global investors and designers for its local labour capacity, cost-effectiveness, and rising technical standards. President of the Association of Women in Fashion Tech, Bukola Ajani, said in a phone interview with The PUNCH that Nigeria is becoming an attractive destination for garment...

Many Nigerians now covered under compulsory insurance – NAICOM

18.04.2025

The National Insurance Commission has revealed that a significant number of Nigerians are now covered under various compulsory insurance schemes, following intensified enforcement efforts in collaboration with key government agencies. This was disclosed by the Commissioner for Insurance/Chief Executive Officer of NAICOM, Segun Omosehin, during a goodwill message that he delivered at the BusinessDay Insurance...

UN, Sterling One Foundation push for SDGs

18.04.2025

The United Nations Global Compact Network Nigeria, Sterling One Foundation, and the United Nations in Nigeria have championed the cause for the acceleration of the delivery of the Sustainable Development Goals. At a high-level CEO Roundtable co-hosted by the trio, private sector leaders, development partners, and senior policymakers rallied around accelerating progress on the SDGs...

WIMBIZ advocates gender balance in legal profession

18.04.2025

The Women in Management, Business and Public Service has unveiled efforts to address a significant gender disparity within the Nigerian legal profession. These efforts were disclosed at a media parley held at the WIMBIZ headquarters in Lagos on Thursday. A report published by the International Bar Association Legal Policy & Research Unit disclosed that women...

Solid profits will cushion windfall tax effects – Fitch

18.04.2025

International rating firm, Fitch Ratings, has said that strong profitability by Nigerian banks will be able to absorb the impact of the windfall tax. This was disclosed in its latest rating action report, which upgraded Nigeria’s Long-Term Foreign-Currency Issuer Default Rating to ‘B’ from ‘B-’ with a stable outlook. The PUNCH reported that six banks...

Women entrepreneurs seek more investments in maternal health

18.04.2025

Women entrepreneurs and gender advocates have called for greater investment in maternal healthcare and female empowerment through vocational training to combat Nigeria’s high maternal mortality rate and improve women’s socio-economic standing. The entrepreneurs made this call at a sensitisation programme held recently in Alimosho Local Government Area of Lagos State by the Chief Executive Officer...