Business – Page 707 – Rise Africa

SEC boosts capital market participation

18.12.2024

The Securities and Exchange Commission has launched an enlightenment initiative tagged #investnigeria to attract more Nigerians to the capital market. A statement made available to our correspondent by the commission on Sunday stated that the SEC’s Director General, Emomotimi Agama, highlighted the campaign’s objective of promoting investment in the capital market through education and advertising....

Protect banks’ financial health, CBN tells treasurers

18.12.2024

The Central Bank of Nigeria has instructed treasurers of financial institutions to implement measures to protect their organisations’ financial well-being. Deputy Governor, Economic Policy Directorate, Muhammad Abdullahi, disclosed this during the eighth annual Financial Markets Conference organised by the Financial Markets Association of Nigeria in Lagos, under the theme, ‘Global Economic and Domestic Outlook: Implications...

Nigeria saved $115,000 on Siemens power project — BPP boss

18.12.2024

The Director-General of the Bureau of Public Procurement, Adebowale Adedokun, on Monday, said the bureau negotiated a $115,000 savings on the Presidential Power Initiative, otherwise known as the Siemens project. Adebowale said the savings demonstrate the BPP’s role in safeguarding government interests through due diligence. Speaking to State House correspondents in Abuja on Monday evening,...

NCAA DG to remain in acting capacity, Keyamo insists

18.12.2024

The Minister for Aviation and Aerospace Development, Festus Keyamo, has insisted that the current acting Director-General of the Nigeria Civil Aviation Authority, Chris Najomo, will remain in office until President Bola Tinubu says otherwise. Keyamo made this known to our correspondent over the phone on Monday. On December 13, 2023, the Ministry of Aviation and...

FG, states to validate $700m project against climate change

17.12.2024

The Federal Government, in collaboration with 19 northern states and the Federal Capital Territory, is set to endorse and validate the first phase of the Strategic Catchment Management Plans under the Agroclimatic Resilience in Semi-Arid Landscape project. The endorsement is expected to be finalised on Wednesday at a stakeholders’ session in Abuja, following extensive engagements...

DBN, AFD support businesses with €825,000 grant

17.12.2024

The Development Bank of Nigeria Plc and the French Development Agency have jointly committed to strengthening the capacity of micro, small, and medium enterprises in Nigeria with an €825,000 technical assistance and capacity-building grant. According to a statement made available to our correspondent by the bank on Sunday, the partnership also includes a €50 million...

Agric sector expands as Nigeria’s PMI shrinks

17.12.2024

The latest PMI report from the Central Bank of Nigeria indicates that the agricultural sector has continued to expand despite Nigeria’s Purchasing Manager Index dipping for the second consecutive month. The report, released on Friday, showed that Nigeria’s composite PMI contracted for the second month in a row to settle at 48.9 points in November...

Glo expands data roaming services for Nigerian travelers

17.12.2024

Nigerians traveling abroad for business or leisure can now access flexible and affordable data roaming bundles in an expanded list of countries, Glo announced in a statement on Monday. The new bundles are designed to help Glo subscribers stay connected, share photos and videos with family and friends, and keep up with business engagements, regardless...

Fitch predicts tough 2025 for Nigerian banks, others

17.12.2024

International credit rating firm Fitch Ratings has projected a tough operating environment for banks in the New Year. This projection was disclosed in its African Banks Outlook 2025 report recently published on its website. Fitch stated that African banks will remain exposed to domestic and global operating environment risks and that while most countries show...

Sterling Bank commits to creative industry revolution

17.12.2024

Sterling Bank has reiterated its commitment to driving Nigeria’s creative revolution through its headline sponsorship of the 10th Africa Fashion Week Nigeria. In a statement on Friday, the bank said that it is committed to empowering artistic visionaries and entrepreneurial trailblazers to redefine global fashion narratives. Head of Brand Marketing, Chidimma Okoli, articulated the bank’s...