Business – Page 580 – Rise Africa

IPMAN threatens strike over N100bn unpaid bridging claims – Punch Newspapers

26.02.2025

The Independent Petroleum Marketers Association of Nigeria has issued a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum Regulatory Authority to pay the bridging claims owed marketers amounting to N100bn or face an industrial action. Bridging claims represent the cost of transporting fuel from the former Pipelines and Products Marketing Company depots to approved...

CBN’s forex policies working – Rewane – Punch Newspapers

26.02.2025

The Managing Director of Financial Derivatives Company, Bismarck Rewane, has expressed confidence in the Central Bank of Nigeria’s foreign exchange policies, stating that they are yielding positive results and aligning the naira closer to its fair value. Rewane expressed his thoughts on the Global Business Report show on Arise TV on Monday. The naira has...

MAN hails stakeholders’ commitment to clean manufacturing – Punch Newspapers

26.02.2025

The Manufacturers Association of Nigeria has commended stakeholders for their commitment to transforming the sector through the adoption of resource efficiency and cleaner production methodologies. MAN’s Director-General, Segun Ajayi-Kadir, gave the commendation in his opening remarks at the five-day GEF-UNIDO Industrial Energy Efficiency and Resource Efficiency and Cleaner Production specialised workshop for the Bank of...

Filling stations shut, loading halted as Lagos impounds tankers

25.02.2025

Marketers of petroleum products have expressed concerns that the alleged harassment of tanker drivers by officials of the Lagos State Government could lead to fuel scarcity in a few days, as some filling stations were shut in various parts of the state on Monday They also vowed to shut down operations in the South-West if...

Firm plans digital platform for easy access to loans

25.02.2025

Financial services firm Spring Sky Finance Company is set to launch its digital banking services in Nigeria this week. A statement by the company on Monday noted that this innovative initiative aims to streamline loan processing and enhance access to credit for businesses and individuals, thereby mitigating economic challenges. According to the chairman of the...

Firm commits to innovation, creativity in advertising

25.02.2025

Lagos-based advertising agency, 7even Interactive, has reaffirmed its commitment to creativity and innovation as it marks its 10th anniversary. According to a statement, 7even Interactive’s Chief Executive Officer, Taiwo Agboola, made this pledge at a recent celebration at the company’s Ikeja office. He assured stakeholders that the agency would continue pushing the advertising industry’s boundaries....

Export of perishables from Africa, our biggest business – Emirates SkyCargo chief

25.02.2025

The world of cargo in the aviation business continues to expand, with Africa leading with the export of perishables. This has greatly added to the advancement of Emirates SkyCargo, a subsidiary of Emirates Group that is making waves in the cargo business globally. The company’s Senior Vice President, in charge of cargo products and innovation,...

Pension unions seek stronger collaboration on retiree welfare – Punch Newspapers

25.02.2025

Some Pension Union executives have met with the Executive Secretary of the Pension Transitional Arrangement Directorate, Tolulope Odunaiya, has called for stronger collaboration to boost the welfare of retirees. In a statement from PTAD, it was revealed that the representatives of pension unions include those from the Association of Retired Police Officers of Nigeria, the...

Fuel crisis looms as drivers stop loading, allege harassment

25.02.2025

There is looming fuel scarcity in Lagos and other parts of Nigeria as tanker drivers have stopped fuel loading over alleged harassment by officials of the Lagos State Government and the Federal Ministry of Transportation. Also, telecommunications companies have raised concerns over a possible network blackout as the strike by petroleum tanker drivers could disrupt...

Leadway decries 30% compliance with third-party motor insurance

25.02.2025

The Chief Risk Officer at Leadway Group, Kikelomo Fischer, has lamented the low level of compliance with third-party motor insurance in the country. According to Fischer, 30 per cent compliance makes a case for urgent action from vehicle owners plying Nigerian roads. The police have commenced nationwide enforcement of third-party motor insurance since the beginning...