Business – Page 659 – Rise Africa

Axxela creates new business units – Punch Newspapers

16.01.2025

Axxela Limited, a gas and power portfolio company in sub-Saharan Africa, has announced an organisational restructuring as part of its commitment to accelerating growth and expanding market influence. In a statement by its Corporate Communications Manager, Omolara Shitu, the company said this transformation to a group structure marks a significant milestone in its journey to...

Badagry Deep Seaport will serve as transshipment hub – BCCIMA

16.01.2025

The Badagry Chamber of Commerce, Industry, Mines, and Agriculture has stated that the proposed $2.59bn Badagry Deep Seaport Project could serve as a transshipment hub to landlocked countries if actualised. The body noted that the popular Lagos city remains the superhighway to the Economic Community of West African States and Europe. Making this observation during...

Africa Finance Corporation gets AAA from Chinese rating firm – Punch Newspapers

16.01.2025

Infrastructure solutions provider Africa Finance Corporation has received an AAA domestic credit rating with a stable outlook from China Chengxin International Credit Rating Co. Ltd. According to a statement on Monday, the rating will enable AFC to deepen its engagement in China’s domestic debt capital markets, tap a new pool of investors, and further diversify...

Bet9ja rewards customers with N1bn

16.01.2025

Bet9ja has rewarded customers following the conclusion of its promotional campaign, the ‘N1 Billion Xmas Countdown,’ which saw the jackpot winner take home N100m. In a statement, Bet9ja noted the campaign, launched on December 12, marked a season of generosity and excitement for Bet9ja customers, who were treated to prizes worth N1bn. Among the highlights...

Ethiopian Airlines unveils new terminal in Bale Robe

16.01.2025

Ethiopian Airlines has inaugurated the newly built Wako Gutu Airport Terminal at Bale Robe in Ethiopia. A statement by the media consultant to the airline said that the terminal was inaugurated in the presence of the President of the Oromia Regional State, Shimelis Abdisa; high government officials; Ethiopian Airlines Group executive management members; and dignitaries....

Boeing to help Nigeria access aircraft insurance

16.01.2025

Aircraft manufacturer Boeing International Corporation has expressed readiness to assist Nigerian airlines in securing aircraft as well as to access adequate aircraft insurance coverage through partnerships with buoyant lessors and global financiers. This was made known at a meeting of the manufacturing company with Nigerian aviation stakeholders in Dublin, Ireland, on Monday. It will be...

FG confident to achieve N36tn revenue target – Bagudu

16.01.2025

The Federal Government has expressed confidence in achieving its N36.35tn revenue target for 2025 as economic reforms continue to take shape under President Bola Tinubu’s administration. According to a press statement on Monday, the Minister of Budget and Economic Planning, Abubakar Bagudu, made this assertion during a hearing at the National Assembly Joint Committees on...

USTDA backs Zenith Bank’s digital transformation with training grant

16.01.2025

The US Trade and Development Agency has awarded Zenith Bank Plc a training grant to support the bank’s adoption of Microsoft Azure, a hyperscale cloud platform. The USTDA’s announcement on its website on Monday emphasised the grant’s role in strengthening the bank’s institutional capabilities. However, the agency did not disclose the specific amount of the...

NERC transfers full electricity regulatory oversight to four states

15.01.2025

The Nigerian Electricity Regulatory Commission has completed the transfer of regulatory oversight to four states. The states are Enugu, Ekiti, Ondo, and Imo, which are now fully responsible for the regulation of their electricity markets. NERC made this known on its X handle on Monday, noting it has begun the transfer of regulatory oversight to...

Tariff hike: Telcos, ICT firms owe banks N1.69tn

15.01.2025

Information, communication, and technology firms, including telecommunications companies in Nigeria, owed Deposit Money Banks N1.69tn as of September 2024 amid telcos’ calls for a hike in the tariff payable by subscribers for data and voice calls. Figures obtained from the Central Bank of Nigeria’s quarterly statistical bulletin indicate that the indebtedness of the telcos and...

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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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Axxela creates new business units – Punch Newspapers

Badagry Deep Seaport will serve as transshipment hub – BCCIMA

Africa Finance Corporation gets AAA from Chinese rating firm – Punch Newspapers

Bet9ja rewards customers with N1bn

Ethiopian Airlines unveils new terminal in Bale Robe

Boeing to help Nigeria access aircraft insurance

FG confident to achieve N36tn revenue target – Bagudu

USTDA backs Zenith Bank’s digital transformation with training grant

NERC transfers full electricity regulatory oversight to four states

Tariff hike: Telcos, ICT firms owe banks N1.69tn

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The Battle for Africa

I apologise for saying no heaven without tithe – Adeboye

Protesters storm Rivers electoral commission, insist election must hold

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I apologise for saying no heaven without tithe – Adeboye

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