Business – Page 466 – Rise Africa

Digital Export Reforms Urged by Firm to Boost Nigeria’s Trad

09.08.2025

The BAT Nigeria has advocated for the streamlining of export processes through digitisation to enhance efficiency, transparency, and global competitiveness. In a statement, the company called for bold policy reforms to boost manufacturing exports in the country. Speaking at the maiden edition of the Manufacturers Association of Nigeria Think Tank Session in Ibadan, the Corporate...

UAC of Nigeria H1 2025 Profit Dips 23% Despite Revenue Growt

09.08.2025

UAC of Nigeria Plc has reported a profit after tax of N7.36bn for the half-year ended June 30, 2025, marking a 22.9 per cent decline compared to the N9.54bn recorded in the corresponding period of 2024. The dip in net profit occurred despite strong topline performance during the period. Revenue for H1 2025 stood at...

Lagos Airport Hotel Unveils Renovated Rooms, Plans Redevelop

08.08.2025

The Lagos Airport Hotel is set for a comprehensive redevelopment following the reopening of its newly renovated Harold Block rooms. The Group Chairman of Odu’a Investment Company Limited, owners of the hotel, disclosed this during the unveiling ceremony held on Tuesday in Lagos. He noted that the facelift of the Harold Block, which involved the...

Afreximbank Backs $40M Caribbean Port Project in St Kitts

08.08.2025

Nigerian entrepreneur and Managing Director of Aquarian Consult, Mrs Aisha Maina, has secured a $40m investment backed by the African Export-Import Bank to develop a deep-water port in St Kitts as part of efforts to create a direct trade corridor between Africa and the Caribbean. According to a statement, Maina, also the founder of Gemini...

Nigerian Stock Market Surges N479bn, Driven by Insurance & C

08.08.2025

The Nigerian Stock Exchange recorded a market value gain of N479bn at the close of trading on Thursday, August 7, 2025. This impressive growth was driven largely by strong performances in the insurance and consumer goods sectors, which attracted increased investor interest and boosted overall market confidence. At the end of the trading session, a...

Presco’s Revenue Soars 128% to N88.7bn in H1 2025

08.08.2025

Presco Plc has reported a profit after tax of N88.72bn for the half-year ended 30 June 2025, representing a 128 per cent increase compared to the N38.88bn posted in the same period in 2024. The palm oil producing company recorded a revenue of N198.74bn in the first half of 2025, up from N88.02bn in the...

AXA Mansard Reports 24% Revenue Growth in H1 2025

08.08.2025

AXA Mansard Insurance Plc, a member of the global AXA Group, has reported a 24 per cent year-on-year increase in insurance revenue for the half-year ended June 30, 2025, reaching N81.15bn under the new IFRS 17 accounting standard. The company’s performance was supported by growth across all three of its core business segments, Property &...

Champion Breweries Posts N2.29bn H1 2025 Profit

08.08.2025

Champion Breweries Plc has returned to profitability in the first half of 2025, posting a profit after tax of N2.29bn, compared to a loss of N386.66m in the same period of 2024. The development marks a turnaround for the company, reflecting improved operational efficiency and higher revenue performance. According to its unaudited financial statements, revenue...

Train Coach Detaches in Lagos: NRC Remains Silent

08.08.2025

Panic gripped commuters on Thursday morning when a train coach detached while in motion along the Ladipo section of the Lagos-Abeokuta Expressway. The incident, which occurred in the morning, involved a train en route from Ogba Ayo in Ogun State to Apapa in Lagos. Eyewitnesses described the scene as chaotic, with passengers and road users...

Telecom Outage Risk in Nigeria as Unions Block Diesel Supply

08.08.2025

Thousands of telecom sites across Nigeria are at risk of shutting down after petroleum unions blocked diesel supplies in a dispute with infrastructure provider IHS Towers, telecom operators said on Thursday. Members of the Nigerian Union of Petroleum and Natural Gas Workers and the Natural Oil and Gas Suppliers Association of Nigeria on Tuesday blocked...

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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

Digital Export Reforms Urged by Firm to Boost Nigeria’s Trad

UAC of Nigeria H1 2025 Profit Dips 23% Despite Revenue Growt

Lagos Airport Hotel Unveils Renovated Rooms, Plans Redevelop

Afreximbank Backs $40M Caribbean Port Project in St Kitts

Nigerian Stock Market Surges N479bn, Driven by Insurance & C

Presco’s Revenue Soars 128% to N88.7bn in H1 2025

AXA Mansard Reports 24% Revenue Growth in H1 2025

Champion Breweries Posts N2.29bn H1 2025 Profit

Train Coach Detaches in Lagos: NRC Remains Silent

Telecom Outage Risk in Nigeria as Unions Block Diesel Supply

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