Business – Page 56 – Rise Africa

NNPC exports new Cawthorne crude grade to the Netherlands

08.04.2026

The Nigerian National Petroleum Company Limited has commenced the export of a new crude oil grade, Cawthorne, in a move aimed at boosting Nigeria’s crude output and strengthening its footprint in the global oil market. The national oil company disclosed on Tuesday that the maiden cargo of the new blend was successfully shipped to Europe,...

FG Plans Mass Savings Scheme to Cut Government Borrowing

08.04.2026

The Federal Government has unveiled plans to introduce a mass savings scheme aimed at reducing reliance on borrowing and expanding domestic investment, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said. Edun disclosed this during a panel session on Tuesday, at the launch of the latest Nigeria Development Update by...

CBN eyes DFI recapitalisation for MSME funding gap

08.04.2026

The Central Bank of Nigeria may push for the recapitalisation and restructuring of Development Finance Institutions to address a significant financing gap facing micro, small, and medium-sized enterprises. The Deputy Governor for Economic Policy at the CBN, Muhammad Abdullahi, disclosed this during a panel session at the launch of the Nigeria Development Update by the...

Nigeria-Ghana Onion Trade Resumes After Weeks of Dispute

08.04.2026

Cross-border onion trade between Nigeria and Ghana has officially resumed following the lifting of restrictions that had disrupted the movement of goods and stranded dozens of trucks along the trade corridor. In a notice issued on Tuesday, the Regional Observatory of Onion in West and Central Africa confirmed that all outstanding issues affecting the trade...

Russia’s new Africa financial network to include Nigeria

08.04.2026

Nigeria has been named among countries linked to a new Russia-backed cross-border payments initiative aimed at expanding Moscow’s financial footprint in Africa and reducing reliance on Western financial systems following sanctions imposed over the war in Ukraine. According to a report by the Financial Times, Russia is seeking to develop an alternative payments network across...

Myitura Launches Health Financing for Women in Nigeria

08.04.2026

Health-tech platform Myitura has launched a women-focused healthcare financing solution powered by Mediloan, aimed at improving access to affordable healthcare services for women in Nigeria. The initiative, unveiled to mark Women’s Month, comes alongside the release of a new white paper titled “Closing the Gap: Healthcare Financing for Women in Nigeria”, which examines structural barriers...

T-Bill yields drop amid N6tn liquidity surge in Nigeria

08.04.2026

The Nigerian Treasury Bills secondary market maintained a strong bullish trajectory last week as an unprecedented surge in system liquidity pressured yields downward, according to the latest fixed-income analysis from Afrinvest Securities on Tuesday. The financial system opened the second quarter with an N6.19tn long position as of Wednesday, 1 April 2026. This robust liquidity...

CBN & EFInA Push Reforms to Bridge Gender Financial Gap

08.04.2026

The Central Bank of Nigeria and Enhancing Financial Inclusion and Advancement have issued a joint call for a radical shift in policy and product design to address the persistent barriers preventing women from accessing formal financial services. Speaking at the “Gather, Gain, Grow” convening held in Abuja to commemorate International Women’s Month 2026, leaders from...

CHH hits N40m milestone in educational investment

08.04.2026

Consolidated Hallmark Holdings Plc has announced that its total investment in education has crossed the N40m mark. This milestone coincides with the official launch of the 13th edition of its prestigious Annual Essay Competition, an initiative that has grown into one of the nation’s most respected academic platforms for advancing insurance education. This is contained...

NECA on Nigerian Economic Reforms for Business Growth

08.04.2026

The Director-General of the Nigerian Employers’ Consultative Association, Adewale-Smatt Oyerinde, discusses the challenges facing the economy, particularly the manufacturing sector, in this interview with ANOZIE EGOLE Nigeria’s macroeconomic instability has posed significant challenges for businesses. Which key policy reforms does the Nigerian Employers’ Consultative Association consider most critical to rebuilding investor confidence? The most urgent...