Business – Page 549 – Rise Africa

Cascador unveils $2m fund to support entrepreneurs

12.03.2025

Cascador, Nigeria’s premier accelerator for mid-stage entrepreneurs, has launched the Catalytic Fund, a $2m annual initiative designed to provide financial support to its alumni companies. According to a statement made available to our correspondent by the firm on Monday, the fund will offer both debt and equity financing to mission-driven businesses and bridge the funding...

NNPCL, Dangote refinery begin talks on Naira-for-crude contract

12.03.2025

The Nigerian National Petroleum Company Limited has initiated fresh negotiations with the Dangote Petroleum Refinery over the renewal of the naira-for-crude agreement, as talks are underway in anticipation of the expiration of the initial deal, which ends on March 31, 2025. The NNPCL disclosed this in a statement issued on Monday in response to claims...

Over 8,000 telecom subscribers switched operators in Jan – NCC report

12.03.2025

Mobile number portability in Nigeria surged by 190 per cent in January 2025, with 8,708 subscribers switching networks compared to 2,998 in December 2024, data from the Nigerian Communications Commission showed. The data revealed that 9mobile recorded the highest customer losses, as 6,716 subscribers left the network for competitors. The operator, which once held a...

Bitcoin slips below $77000 as recession fears shake crypto market

12.03.2025

Bitcoin and other major cryptocurrencies tumbled on Tuesday as concerns over the US economy and trade tensions grew. Bitcoin dropped 3.2% to $79,937 after hitting a low of $76,624. Ethereum fell sharply by 7.5% to $1,911. The global crypto market cap declined 4.3% to $2.6 trillion, The Economist reports. Solana, XRP, Cardano and Dogecoin also...

Experts urge Tinubu to constitute aviation agencies’ boards

12.03.2025

Experts under the umbrella of the Nigeria Aviation Professionals have called on President Bola Tinubu for the immediate constitution of boards for other critical aviation agencies to curb what they call illegalities. This is coming barely two months after the government constituted the board of the Federal Airports Authority of Nigeria. Speaking recently in an...

Business

Achieving gender equality in employment may take two centuries – ILO

12.03.2025

A new International Labour Organisation brief has revealed that achieving gender equality in employment rates would take almost two centuries. The report, titled Women and the Economy, thirty years after the Beijing Declaration and Platform for Action, sets out an ambitious agenda for equality; women still face significant barriers in the economy. “Despite employment gaps...

Fraud examiners partner AI experts against digital crimes

12.03.2025

In response to the escalating threat of artificial intelligence-driven fraud, anti-fraud professionals are set to converge at the 8th Anti-Fraud National Conference of the Association of Certified Fraud Examiners to chart a course for leveraging technology in combating financial crimes. The event, scheduled to hold from March 19 to 22, 2025, in Ijebu Ode, Ogun...

Business

ILO deputy DG advocates human-centred skilling agenda

12.03.2025

The Deputy Director-General of the International Labour Organisation, Celeste Drake, has stressed the urgent need for a human-centred skilling agenda to navigate these disruptions and ensure economic competitiveness. He made this observation at the third edition of the European Employment and Social Rights Forum, as labour and skills shortages remain a significant challenge across the...

CMC Connect unveils tool for crisis management in firms

12.03.2025

CMC Connect LLP, a public relations and communications firm in Nigeria, has announced the launch of Crisis-X, a pioneering initiative designed to equip organisations with strategic tools for effective crisis management. The launch event, held at the firm’s headquarters in Lagos, also marked the declaration of March as Crisis Management Advocacy Month, a global annual...

Firm begins products certification in Nigeria

12.03.2025

Nigerian companies can now obtain international certification for vegan and vegetarian products through V-Label, a globally recognised consumer label, as it officially begins operations in Nigeria. A statement disclosed that this development follows a strategic partnership between V-Label and ProVeg Nigeria, the local branch of ProVeg International, a global non-governmental organisation promoting plant-based food systems....