Business – Page 569 – Rise Africa

Suspend Dstv price hike, govt orders MultiChoice

02.03.2025

The Federal Competition and Consumer Protection Commission has directed MultiChoice Nigeria, the operator of DStv and GOtv, to suspend its planned subscription price hike pending the outcome of an ongoing investigation into the company’s proposed tariff adjustment. The consumer watchdog disclosed the directive in a statement signed by its Director of Corporate Affairs, Ondaje Ijagwu,...

Essence of CBN’s decision on naira stability, inflation

02.03.2025

SAMI TUNJI explores the Central Bank of Nigeria’s recent monetary policy as it relates to stabilisation of the naira and curbing of inflation The Central Bank of Nigeria and its Monetary Policy Committee have taken decisive steps to stabilise the naira and curb inflation, signalling a shift in the country’s macroeconomic landscape. At the 299th...

Jobberman, experts task businesses on growth amid uncertainty

01.03.2025

Jobberman in collaboration with industry and economic experts have advised business executives to adopt high agency, strategic adaptability, and proactive planning to navigate the economic uncertainties of 2025. Speaking at the Jobberman Business Breakfast for C-Suite Executives in Lagos on Thursday, they outlined actionable strategies for sustainability and growth amid evolving challenges. Managing Director of...

LCCI urges gradual enforcement of FTZ tax provisions

01.03.2025

The Lagos Chamber of Commerce and Industry has called on the Federal Government to implement the proposed tax reforms for Free Trade Zones in phases to allow businesses time to adjust. Director-General of LCCI, Dr Chinyere Almona, told The PUNCH that the proposed reforms, which have generated pushback from the private sector, do not reverse...

Stakeholders seek SEZ regulators’ collaboration to boost exports

01.03.2025

Stakeholders in Nigeria’s Special Economic Zones have called for stronger collaboration between Free Zones Regulatory Authorities and key government agencies to enhance operational efficiency and streamline regulatory processes. According to a statement, participants at the recently held 3rd SEZs Annual Meeting in Lagos, urged regulatory bodies, including the Federal Inland Revenue Service, National Agency for...

AfDB, Standard Bank collaborate to support SMEs, boost trade

01.03.2025

The African Development Bank Group and Standard Bank Group on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises and expand trade across Africa. According to a statement, the agreement included a R3.6 bn investment in a social bond and a $200m Risk Participation Agreement for Standard Bank of...

Women demand more inclusive gaming policies

01.03.2025

Women professionals in Africa’s gaming industry have called for more policies that promote female inclusion in leadership and player engagement. Speaking at the Africa Gaming Expo 2025 during a panel session titled ‘Rise of Women in Gaming: The Impact on Leadership and Player Growth in the African Market’, held in Lagos from February 25 to...

FG targets $100bn GDP boost from creative industries growth – Minister

01.03.2025

The Federal Government has set a target of increasing Nigeria’s Gross Domestic Product by $100 billion through strategic investments in the creative industries. The Minister of Arts, Culture, Tourism, and Creative Economy, Hannatu Musa Musawa, disclosed this during a press briefing in Lagos on Thursday, emphasising the administration’s commitment to leveraging the sector’s vast potential....

LED billboard owners struggling with high energy cost – OAAN

01.03.2025

Operators of LED billboard advertising in Nigeria are feeling the pinch as soaring energy costs force them to limit ad exposures, reducing the number of brands using the digital platform. Disclosing this to The PUNCH in a phone interview, President of the Out-of-Home Advertisers Association of Nigeria, Sola Akinsiku, lamented the heavy financial burden placed...

Unlocking business growth with digital tools

28.02.2025

In today’s fast-paced digital landscape, businesses that fail to embrace innovative digital tools risk being left behind as competitors harness technology to drive growth and gain a competitive edge. TEMITOPE AINA explores strategic steps to unlock business growth using digital tools In an era where digital transformation is redefining the business landscape, leveraging digital tools...