Business – Page 49 – Rise Africa

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...

Coronation Launches Affordable Motor Insurance in Nigeria

10.04.2026

Coronation Insurance Plc has announced the launch of MotorMax, an innovative motor insurance policy designed to transform the Nigerian motor insurance landscape by moving motorists beyond basic third-party compliance to affordable, comprehensive vehicle protection. For decades, motor insurance adoption in Nigeria has largely been limited to mandatory third-party coverage. MotorMax addresses this gap by offering...

CSCS boosts capital market efficiency with new onboarding

10.04.2026

The Central Securities Clearing System Plc has announced significant enhancements to its investor onboarding processes, marking a strategic move to bolster efficiency and service delivery within the Nigerian capital market. The upgrades are specifically engineered to accelerate account creation, streamline data processing, and foster a more integrated ecosystem for all market participants. According to a...

Terra Cube Wins Brand of the Year at ADVAN Awards

10.04.2026

Terra Cube has emerged as the biggest winner at the 2026 Advertisers Association of Nigeria Marketing Excellence Awards, clinching the highly coveted Brand of the Year title, an honour widely regarded as the highest recognition of marketing excellence in Nigeria. The ADVAN Awards stand as the gold standard for marketing performance, celebrating brands that demonstrate...

SUNU Assurances finalises N9.34bn rights issue

10.04.2026

SUNU Assurances Nigeria Plc has successfully concluded the structuring phase of its N9.34bn capital raise, moving closer to a formal market launch that is expected to reshape its competitive standing in the Nigerian insurance industry. At a Completion Board Meeting held in Lagos, the insurer formally executed all transaction documents and verified its offer circular....

NAICOM Imposes 0.25% Protection Levy on 67 Insurers

10.04.2026

The National Insurance Commission has issued a stern directive to 67 insurance and reinsurance companies to begin mandatory contributions to the newly established Insurance Policyholders Protection Fund. The move is designed to create a financial safety net for Nigerians, ensuring that claims are settled even if an insurance firm becomes insolvent or has its operating...

Access Holdings ED Calls for ‘Less, But Better’ Tech Focus

10.04.2026

The Executive Director of IT and Digitalisation at Access Holdings Plc, Lanre Bamisebi, has issued a call to action for technology leaders to prioritise ‘less, but better’ in an era increasingly dominated by artificial intelligence. Speaking recently at the inaugural Guest Lecture Series organised by the Quest Merchant Bank Technology Academy, Bamisebi argued that the...

Elumelu advises 720 UBA graduate trainees on growth

10.04.2026

The Group Chairman of United Bank for Africa Plc, Tony Elumelu, has issued a mandate to the latest graduates of the bank’s Graduate Management Accelerated Programme, insisting that professional success is measured not by potential, but by “visible results”. Speaking at the combined graduation ceremony of Cohorts 19 and 20 held in Lagos on Thursday,...