Business – Page 578 – Rise Africa

Keyamo admits funds paucity in tackling aviation challenges – Punch Newspapers

26.02.2025

The Minister of Aviation and Aerospace Development, Festus Keyamo, has admitted that there is a paucity of funds to adequately take care of all infrastructure needs in the Nigerian aviation industry. The legal luminary said this while fielding questions from reporters after receiving an award from the New Telegraph newspapers as the Minister of the...

NAICOM tackles illegal third-party insurance operators – Punch Newspapers

26.02.2025

The National Insurance Commission looks to take action against illegal third-party motor insurance policy operators. This was disclosed in a public notice made available to The PUNCH on Tuesday. On February 1, the police commenced nationwide enforcement of third-party motor insurance to boost safety on the roads. According to the statement, NAICOM said it had...

Support economic growth, ICAN charges members – Punch Newspapers

26.02.2025

The 60th president of the Institute of Chartered Accountants of Nigeria, Davidson Alaribe, has urged accountants, especially female professionals, to play an active role in Nigeria’s economic, social, and political development. In a statement made available to our correspondent on Monday, Alaribe stressed the need for accounting professionals to step up as ethical leaders amid...

International Breweries showcases winners of Kickstart Initiative – Punch Newspapers

26.02.2025

International Breweries Plc, through its corporate social responsibility arm, International Breweries Foundation, has announced that it has presented past winners of its renowned Kickstart Initiative to the deputy governors and community leaders of Ogun and Rivers states. According to a statement, the initiative is aimed at fostering entrepreneurship among Nigerian youths and providing a platform...

Government policies, FX stifle new listings on NGX – Punch Newspapers

26.02.2025

Companies looking to list on the Nigerian Exchange are grappling with stringent government policies, high compliance costs, and foreign exchange volatility. Experts warn that without strategic policy reforms and tax incentives, market activity could remain sluggish, impacting investor confidence and economic growth, writes Temitope Aina Companies are approaching new listings on the Nigerian Exchange with...

SEC cuts approval time for raising capital – Punch Newspapers

26.02.2025

The Securities and Exchange Commission has cut the approval time for companies seeking to raise capital to just two weeks. In a statement made available to our correspondent by the commission on Monday, the SEC Director-General, Emomotimi Agama, disclosed this in an interview in Abuja over the weekend. According to him, the current management has...

FCCPC summons MultiChoice – Punch Newspapers

26.02.2025

The Federal Competition and Consumer Protection Commission has summoned MultiChoice Nigeria, the operator of DStv and GOtv, to account for its planned subscription price hike, scheduled to take effect on March 1, 2025. In a statement on Tuesday, FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, said the regulator had ordered MultiChoice’s Chief Executive Officer to...

FTZs tax fair, won’t reverse incentives – MAN – Punch Newspapers

26.02.2025

The Manufacturers Association of Nigeria has backed the Federal Government’s proposed tax reforms for Free Trade Zone businesses, saying the policy will ensure fair competition and will not reverse incentives necessary for business growth. The Director-General of MAN, Segun Ajayi-Kadir, said in a statement on Tuesday that the reform aligns with global best practices and...

Air traffic controllers decry manpower shortage, poor pay – Punch Newspapers

26.02.2025

The Nigerian Air Traffic Controllers Association has called for an urgent need to recruit and train additional controllers to man the country’s airspace to ensure safety in airspace management. Speaking in an interview with newsmen at the Murtala Muhammed International Airport, Lagos, on Tuesday, the NATCA President, Amos Edino, explained that the current shortage of...

NLNG may pay $380m to Vitol, Glencore – Punch Newspapers

26.02.2025

Trading houses Vitol and Glencore will receive $380m in compensation after their gas supplier, trading firm Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied natural gas producer for non-delivery of cargoes, court documents seen by Reuters showed. The report on Tuesday said the case heard in London’s High Court and...