Business – Page 567 – Rise Africa

NLC threatens fresh protest against power tariff hike – Punch Newspapers

04.03.2025

The Nigeria Labour Congress has vowed to mobilise workers and citizens for a nationwide protest if the Federal Government proceeds with its proposed electricity tariff hike, describing it as “economic violence against the working class and broader Nigerian populace.” This came as the National Union of Electricity Employees warned the Federal Government against plans to...

Naira defies pressure, ends February below N1,500 per dollar – Punch Newspapers

04.03.2025

Naira closed February 2025 with an 8.5 per cent gain month-on-month on the parallel market to settle at 1,490/$, while it closed at 1,500/$ on the official market, indicating a 1.7 per cent m/m decline. According to the Afrinvest Monthly Market Report, the foreign reserve dipped by 3.2 per cent month-on-month. As of Thursday, it...

NGX gains N94bn from Fidelity bank share listing

04.03.2025

The Nigerian Exchange recorded a boost on Monday as Fidelity Bank Plc’s listing of additional shares increased the market capitalisation by N94bn. This follows the conclusion of the bank’s hybrid offer, which comprised a rights issue and a public offer that were both oversubscribed. A total of 18.2bn ordinary shares of 50 kobo each were...

Dredging firm provides financial assistance to fish farmers

04.03.2025

Renecon Limited has pledged to support Epe fish farmers with the sum of N5m in order to boost fish farming. The Chief Executive Officer of the company, Mr. Anthony Bademosi, stated this on Friday during a reconciliation meeting between the firm and Epe fish farmers. In March 2024, in a video that went viral on...

IT company introduces app to simplify events ticketing

04.03.2025

An innovative IT firm, FunZ, has announced the launch of a new app aimed at transforming the ticket purchasing process. The event, which will offer an exclusive live demonstration of the app, is set to provide attendees with a firsthand look at how the FunZ app is changing the way users buy tickets for events...

Firm unveils initiative to empower young Nigerian creatives

04.03.2025

In a bid to unlock the creative potential of Nigerian youths, Betaminds Africa, a community of creative professionals is set to launch an initiative designed to empower young creatives and equip them with the skills needed to thrive in the creative industry. In a statement sent to PUNCH Online on Saturday, the founder, Okunrotifa Ileriayo,...

Enforce tax reforms to grow economy, analysts tell govt

04.03.2025

Tax professionals have emphasised that the success of the Federal Government’s economic stabilisation agenda hinges on clear legislation, consistent regulatory enforcement, and meaningful stakeholder collaboration. They highlighted these points during the fourth virtual edition of the Economic Stabilisation Bill forum, organised by the Chartered Institute of Taxation of Nigeria. Experts explained that the proposed tax...

Firms collaborate to empower women-led businesses

04.03.2025

Online marketplace platform Jiji has partnered with the Association of Small Business Owners of Nigeria to launch the ‘Biz Queens Run the World on Jiji’ campaign to accelerate economic empowerment for female entrepreneurs. According to a statement, the initiative, which runs from March 1 to 31, aligns with the 2025 International Women’s Day theme, ‘Accelerate...

Africa accounts for 35% of newly discovered oil – Report

04.03.2025

Oil-producing African countries have increased their crude production quota, now accounting for 35 per cent of newly discovered oil reserves in 2024, a substantial rise from just seven per cent in 2023, a new report by S&P Global has stated. The production upsurge shows that African nations are now leading the charge in newly discovered...

Solar cheaper than Band A tariff — Royal Power CEO, Odugbesan

04.03.2025

The Chief Executive Officer of Royal Power & Energy Limited, Adewale Odugbesan, spoke with DARE OLAWIN, delving into the company’s footprints in the renewable sector and the affordability of solar power compared to Band A tariff. Excerpts: What are the impacts of foreign exchange volatility on the renewable sector? How do I explain this? It’s...

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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

NLC threatens fresh protest against power tariff hike – Punch Newspapers

Naira defies pressure, ends February below N1,500 per dollar – Punch Newspapers

NGX gains N94bn from Fidelity bank share listing

Dredging firm provides financial assistance to fish farmers

IT company introduces app to simplify events ticketing

Firm unveils initiative to empower young Nigerian creatives

Enforce tax reforms to grow economy, analysts tell govt

Firms collaborate to empower women-led businesses

Africa accounts for 35% of newly discovered oil – Report

Solar cheaper than Band A tariff — Royal Power CEO, Odugbesan

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