Business – Page 491 – Rise Africa

CAC to Delist 100,000 Dormant Companies

30.07.2025

The Corporate Affairs Commission has announced plans to commence the striking off of a fresh batch of companies from its register. In a notice on its Instagram page on Tuesday, the Commission said the affected companies had failed to comply with the law. Late last year, CAC issued a notice to strike off the names...

Nigerian Electricity Consumers Owe N70 Billion in Debt

30.07.2025

Electricity consumers across Nigeria failed to pay N70.25bn in May 2025, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission. The 12 electricity distribution companies billed a total of N261.82bn during the month but collected only N191.57bn, representing a collection efficiency of 73.17 per cent. This marked a 4.42 percentage...

African fintechs attract 45% of total H1 funding

30.07.2025

African fintechs attract 45% of total H1 funding

FIRS Halts Tax Exemption Certificates in Nigeria

30.07.2025

The Federal Inland Revenue Service has discontinued the issuance of tax exemption certificates to all categories of taxpayers, including pioneer status companies, non-governmental organisations, and free zone entities. In a public notice signed by its Executive Chairman, Zacch Adedeji, the agency declared that no further tax exemption certificates would be issued, warning that previously granted...

Petrol Prices Drop Below Dangote Refinery Cost, Sparking Com

30.07.2025

Importers have dropped petrol prices below the price offered by the Dangote Petroleum Refinery, sparking a new wave of competition. This comes amid a call by the President of the Dangote Group, Alhaji Aliko Dangote, for the Federal Government to ban fuel importation. Findings by our correspondent showed that some filling stations now sell petrol...

Nigeria’s FATF Invitation Hailed by FCC Chair

30.07.2025

The Acting Chairman of the Federal Character Commission, Kayode Oladele, has hailed Nigeria’s invitation to participate in the Financial Action Task Force Style Regional Bodies Jurisdictions Guest Initiative for one year. In a statement on Monday, Oladele, who was a former Chairman of the House of Representatives Committee on Financial Crimes, said the invitation enables...

Focus on Maritime Trade & Strategic Goals

30.07.2025

The International Chamber of Commerce Nigeria has announced that its 26th Annual General Meeting will be held on Thursday, 31st July 2025, in Lagos, with a strong focus on maritime trade and the organisation’s strategic direction for the years ahead. According to the Secretary-General of ICC Nigeria, Olubunmi Osuntuyi, the AGM will serve as a...

Access Bank Wins Best Bank in Ghana & Gambia

30.07.2025

Access Bank has been named the Best Bank 2025 in Ghana and The Gambia by Euromoney. Announcing the feat in a statement on Tuesday, the lender said the recognition affirms its leadership across West Africa and underscores the group’s growing regional influence and enduring commitment to financial inclusion, innovation, and sustainable impact. This double win...

Olam Agri Expands to 9 Plants After Crown Flour Acquisition

29.07.2025

Agribusiness Olam Agri has stated that its wheat milling and pasta business now operates nine plants across the country, up from two when it acquired Crown Flour Mill in 2010. This was disclosed at a celebration to mark the 15th anniversary of the acquisition. CFM commenced milling operations in 1981, and since acquiring the business...

Business

Dangote Cement Posts Record N311bn Q2 Profit, Soaring 303%

29.07.2025

Dangote Cement Plc has reported a robust profit of N311.2bn for the second quarter ended June 30, 2025, representing a remarkable increase of 303 per cent compared to the N77.2bn recorded in the corresponding period of 2024. The cement giant’s impressive earnings were driven by a 14 per cent rise in revenue to N1.08tn in...

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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

CAC to Delist 100,000 Dormant Companies

Nigerian Electricity Consumers Owe N70 Billion in Debt

African fintechs attract 45% of total H1 funding

FIRS Halts Tax Exemption Certificates in Nigeria

Petrol Prices Drop Below Dangote Refinery Cost, Sparking Com

Nigeria’s FATF Invitation Hailed by FCC Chair

Focus on Maritime Trade & Strategic Goals

Access Bank Wins Best Bank in Ghana & Gambia

Olam Agri Expands to 9 Plants After Crown Flour Acquisition

Dangote Cement Posts Record N311bn Q2 Profit, Soaring 303%

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I apologise for saying no heaven without tithe – Adeboye

Protesters storm Rivers electoral commission, insist election must hold

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I apologise for saying no heaven without tithe – Adeboye

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