Business – Page 636 – Rise Africa

Delta introduces cloud-based in-flight entertainment system

29.01.2025

Delta Air Lines, celebrating its 100th anniversary, has unveiled a groundbreaking cloud-based in-flight entertainment system at CES 2025, marking a century of aviation innovation. The announcement was made in a statement during the airline’s major presentation at the event in Las Vegas, highlighting both its rich legacy and its forward-looking technological advancements. In his keynote...

Govt earned N12bn from data protection in 2024 – NDPC

29.01.2025

The Federal Government generated N12bn from Nigeria’s data protection sector in 2024, according to the latest annual report of the Nigeria Data Protection Commission. The report highlights the rapid growth of the industry, which has seen a surge in regulatory compliance, enforcement actions, and increased revenue generation. The NDPC stated that revenue from the data...

FG eyes $3bn from single window for trade processes

29.01.2025

The Federal Government is eyeing an estimated annual revenue of about $3bn from the implementation of the National Single Window platform, The PUNCH reports. The Minister of Marine and Blue Economy, Adegboyega Oyetola stated this while speaking on Tuesday in Lagos during a stakeholders forum on the establishment of the National Single Window. The National...

MRS, others drag equity market to N284bn loss

29.01.2025

The Nigerian Exchange closed in negative territory at the end of Tuesday’s trading session, with the All-Share Index dropping by 0.44 per cent to settle at 103,958.75 points. This decline wiped off N284bn from the market’s capitalisation, which now stands at N64.2tn. The trading session saw 127 equities participating, with 30 gainers and 32 losers....

Okonjo-Iweala urges collaborations to avert economic disaster

29.01.2025

Amid rising global trade tensions and looming economic fragmentation, World Trade Organisation Director-General Ngozi Okonjo-Iweala has issued a stark warning to world leaders, calling for collaboration and reforms to avert potential economic disaster. Speaking at the recently concluded World Economic Forum in Davos, Switzerland, Okonjo-Iweala urged policymakers to “just chill” and consider the long-term consequences...

NGX seeks EFCC partnership, says criminals seeking to exploit stock market

29.01.2025

The Chief Executive Officer of the Nigerian Exchange Regulation, Olufemi Shobanjo, has called for stronger collaboration with the Economic and Financial Crimes Commission to safeguard Nigeria’s stock market from fraudulent activities. Shobanjo made the appeal during a visit to the EFCC’s Executive Chairman, Ola Olukoyede, at the Commission’s headquarters in Abuja. The visit, highlighted in...

Imported goods must be cleared in 30 days – Customs

29.01.2025

The Nigeria Customs Service has issued a 30-day mandate for clearing imported goods and products at the nation’s ports to streamline operations and reduce port congestion. The NCS, in a statement issued by its National Public Relations Officer, Abdullahi Maiwada on Tuesday in Abuja, said an additional provision of a 30-day clearance period could be...

Bakers fear collapse as inflation weakens production

29.01.2025

Reliance on imported raw materials, high foreign exchange, and supply chain issues contribute to the exorbitant prices of bread, threatening bakeries’ viability and worsening hunger, ARINZE NWAFOR writes BAKERS have noted a marked increase in the cost of ingredients to make a loaf, which has reached unsustainable levels and is risking bakeries’ viability. According to...

Turkish Airlines resumes flights to Benghazi

29.01.2025

Turkish Airlines has resumed flight operations to Benghazi, Libya’s second-largest city, as part of its ongoing expansion and connectivity goal in Africa. Commencing January 2025, the airline will operate three weekly flights between Istanbul and Benghazi using its Boeing 737-78D aircraft, with services scheduled for Tuesdays, Thursdays, and Sundays. This was contained in a statement...

Experts, NCAA bicker as presidency requests Najomo’s confirmation

29.01.2025

The presidency has written to the National Assembly requesting the confirmation of Capt. Chris Najomo as Director-General, Nigeria Civil Aviation Authority, after leading the agency in an acting capacity for over a year. The PUNCH can authoritatively report. This was followed by stiff criticism from a group named Aviation Elders, which raised issues of capacity...