Business – Page 539 – Rise Africa

Finance minister, NNPCL, others review naira-for-crude policy

17.03.2025

The Technical Sub-Committee on the Naira-for-Crude Policy met on Thursday at the Ministry of Finance Headquarters in Abuja to assess developments and reaffirm commitments to the policy framework, a senior government official told The PUNCH. The source, who spoke on condition of anonymity as he was not authorised to speak publicly on the matter, said...

Customs intercept undeclared $1.1m, SR135,900 at Kano airport

17.03.2025

The Nigeria Customs Service has intercepted $1.154m and 135,900 Saudi Riyals as undeclared foreign currency at the Mallam Aminu Kano International Airport. It announced this on Thursday in a statement issued by the Customs National Public Relations Officer, Abdullahi Maiwada. Maiwada said the seizure was made recently during a routine baggage check on an inbound...

Abia seals partnership with ipNX to boost connectivity

16.03.2025

Abia State has entered into a strategic partnership with Nigeria’s leading information and communications technology company, ipNX, to enhance digital connectivity and accelerate the state’s digital economy. The partnership, disclosed in a Thursday statement, marks a significant step in the government’s efforts to create a more interconnected and technologically advanced economy. It was formalised during...

Govt plans 7,000 telecom towers under public-private deal

16.03.2025

The Federal Government will co-invest with the private sector to deploy 7,000 telecommunications towers beginning next year in a major push to deepen network coverage and improve digital connectivity. The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, made this disclosure on Thursday in Lagos during a stakeholder engagement session organised by the...

Business

66% rise in manufactured goods export still poor – MAN

16.03.2025

The Manufacturers Association of Nigeria has downplayed the 65.84 per cent increase in the value of manufactured goods exported in 2024 from 2023, stating it is below expectations. The PUNCH found that the gross value of manufactured goods exported in 2024 was N2.28tn, an increase from N778.44bn in 2023. While manufactured goods exports in 2023...

Lagos trains market women in waste-to-wealth skills

15.03.2025

The Lagos State Government, in partnership with the Charitable Network for Community Empowerment, has trained market women in Ikeja on environmental sustainability and waste management. The initiative was held recently at Computer Village to mark International Women’s Day, focusing on educating traders on proper waste disposal, upcycling, and sustainable agriculture. Founder of CHANCE, Olajumoke Saliu,...

FIPAN promises lower egg prices, seeks tariff review

15.03.2025

The Feed Millers Industry Practitioners Association of Nigeria has assured the country that the price of eggs will soon drop as the cost of poultry feeds continues to decline. Making this disclosure in a statement, National President of FIPAN, Dr. Ayoola Oduntan, attributed the development to the Federal Government’s agricultural policies, which, according to him,...

Next Titan begins regional auditions for new season

15.03.2025

Entrepreneurial reality TV show The Next Titan has kicked off auditions for its 10th season, spotlighting young entrepreneurs and business leaders. According to a statement, the audition process will begin online in the last week of March, allowing nationwide participation, especially for those unable to attend in-person screenings. In April, physical auditions will follow in...

FUNAAB partners firm to develop campus bakery

15.03.2025

The Federal University of Agriculture, Abeokuta, has relaunched its campus bakery in partnership with Nutrient Life Group of Companies to provide students and staff with high-quality, locally produced bread and pastries. FUNAAB Vice-Chancellor Prof. Babatunde Kehinde, alongside key university officials, commissioned the bakery recently as part of a public-private partnership aimed at improving food security...

NADDC enlists varsities to develop electric shuttle bus

15.03.2025

The National Automotive Design and Development Council has enlisted twelve public universities to develop an eight-seater electric vehicle. The NADDC anchored the project on an ‘8-seater Electric Campus Shuttle Bus Competition,’ which commenced its first phase recently at the University of Lagos. NADDC Director-General Joseph Osanipin noted that the Federal Government aims to support the...