Business – Page 66 – Rise Africa

Facebook to Showcase Creator Tools at African Creators Summi

29.01.2026

Facebook will take centre stage at the 2026 African Creators Summit, offering on-ground experiences aimed at connecting with the continent’s expanding digital talent. The summit, scheduled for Thursday, 29 January, at Lagos’s Federal Palace Hotel, brings together creators, storytellers, innovators, and digital entrepreneurs. This year’s theme, “Building a Sustainable Ecosystem Where Africa Trades Its Swag”,...

Motivair Expands Liquid Cooling for AI with New CDU Solution

29.01.2026

Motivair by Schneider Electric has announced the launch of its new MCDU-70 Coolant Distribution Unit, describing it as a scalable, high-performance solution for next-generation AI data centres. The company said the announcement marked a significant expansion of its liquid cooling portfolio, designed to meet the growing thermal demands of high-density computing environments. The firm created...

Broadcast Leaders Affirm Support for Arewa24 & NBC

29.01.2026

The Broadcast Media Owners and Practitioners Forum and JKD TV, along with NIGCOMSAT and Hamada Radio FM, have affirmed the important role of Arewa24 in Nigeria’s broadcasting landscape, emphasising their support for the media company and the National Broadcasting Commission. In separate statements sent to The PUNCH on Tuesday, the leadership of the media groups...

Airlines face pressure from billions in blocked funds

29.01.2026

The International Air Transport Association has said that international airlines are facing growing financial pressure as billions of dollars in ticket revenue remain trapped in various countries due to foreign-exchange restrictions. In an article by the Senior Vice President, External Affairs at IATA, Thomas Reynaert, he warned that the issue of blocked funds poses a...

Auto Firm Decries Govt Hurdles on $100m Investment

29.01.2026

US-based Nigerian entrepreneur and Chief Executive Officer of Asper Autos Online Auction, Saheed Ashogbon, has lamented what he described as repeated frustrations and pushbacks from government authorities over his planned $100m automotive-related investment in Nigeria. Speaking with journalists in Lagos on Monday, Ashogbon expressed disappointment over the lack of official response to his efforts to...

Tax Committee Engages Stakeholders on New Nigeria Tax Laws

29.01.2026

The National Tax Policy Implementation Committee has sustained its stakeholder engagement programme, holding a high-level consultative session with leading tax advisory firms, professional bodies, and institutional representatives to support the effective implementation of Nigeria’s newly enacted tax laws. It was stated in a statement on Tuesday that the meeting brought together national presidents of professional...

Court Orders Jet Forfeiture Over Unpaid Customs Duties

29.01.2026

The Federal High Court sitting in Abuja has ordered the final seizure, condemnation, and forfeiture of a Bombardier BD-700 Global 6000 aircraft, with registration mark 9H-GVG and manufacturer’s serial number 9470, operated by Orlean Invest Africa Limited, to the Federal Government of Nigeria. The court, in its judgment delivered on January 22 in suit number...

Air France Water Protest Video is Old, NCAA Clarifies

28.01.2026

The Nigeria Civil Aviation Authority said the viral video of passengers on an Air France flight aggressively demanding water is old and has no link to any Abuja-bound flight, despite claims circulating on social media. The Director of Public Affairs and Consumer Protection at the NCAA, Michael Achimugu, on Saturday, said preliminary findings by the...

Jetour Nigeria partners with seven major automobile dealers

28.01.2026

Jetour Nigeria has announced strategic partnerships with seven major auto dealerships across the country, a move expected to reshape competition in Nigeria’s automotive market. The company disclosed the development in a statement signed by its Nigerian representative, Kemi Adeola. She explained that Jetour, a Chinese automobile brand with a strong focus on sports utility vehicles,...

Air Peace & Emirates partnership expands Africa-UK connectiv

28.01.2026

Emirates Airline and Air Peace have activated a bilateral interline agreement aimed at expanding air connectivity between Africa, the United Arab Emirates and the United Kingdom. The partnership, which builds on an existing relationship between the two carriers, will allow passengers to travel on a single ticket across select routes operated by both airlines, with...