Business – Page 74 – Rise Africa

United Nigeria Flights Disrupted by Jet Blast, Bird Strike

30.03.2026

United Nigeria Airlines has confirmed disruptions to its flight operations following separate incidents involving a jet blast and a bird strike affecting two of its aircraft. In a travel advisory issued on Sunday, the airline disclosed that one of its aircraft was damaged in a ground incident at Murtala Muhammed International Airport, Lagos, following a...

SMEs Face N48tn Financing Gap Challenge in Nigeria: Report

30.03.2026

The Centre for the Promotion of Private Enterprise has raised concerns over weak credit flows to small businesses despite recent banking sector reforms. A policy brief released on Sunday read, “More critically, credit to small and medium enterprises is alarmingly low. SME credit accounts for only about one per cent of total credit, compared to...

A Catalyst for Economic Growth

30.03.2026

Analysts and tax experts at the 20th Annual Tax Week declared that tax reforms are a catalyst for economic growth as they examined the sweeping implications of Nigeria’s newest fiscal framework. The event, themed ‘Nigeria’s Evolving Tax Landscape: Understanding the Impact, Managing Risk, and Strategic Planning’, served as a critical forum for dissecting the four...

Why Urban Waste Management is Vital for City Governance

30.03.2026

The Managing Director and Chief Executive Officer of the Lagos Waste Management Authority, Muyiwa Gbadegesin, has described waste management as a critical urban governance issue with far-reaching implications for public health, flood control, environmental sustainability, and the overall functionality of the city. Gbadegesin emphasised that effective waste management in Lagos requires shared responsibility among residents,...

Finance & Tech Leaders Analyse Nigeria’s Economy

30.03.2026

Industry leaders and policy experts gathered at the third Piggyvest Finance Roundtable to discuss the shifting landscape of Nigeria’s economy, driven by new data from the 2025 Piggyvest Savings Report. The discussion centred on the ‘survival versus growth’ paradox currently facing millions of Nigerians. In her opening remarks, Co-founder and Chief Operating Officer of Piggyvest,...

Nigeria Embracing Trade Over Aid in Global Relations

30.03.2026

The Permanent Secretary of the Federal Ministry of Youth Development, Dr Maryam Keshinro, has announced that Nigeria is shifting away from “cup-in-hand” diplomacy in response to changes in the global landscape. She noted that the country was moving toward a high-tech, value-based partnership that focuses on harnessing the immense potential of its youth population. She...

Bank Foreign Inflows Surge 93% Amid Recapitalization Drive

30.03.2026

Foreign capital inflows into Nigeria’s banking sector rose sharply by 93.25 per cent year-on-year to $13.53bn in 2025, up from $7.00bn recorded in 2024, amid the ongoing recapitalisation drive by the Central Bank of Nigeria. Data from the National Bureau of Statistics capital importation report showed that the banking sector remained the dominant destination for...

FG unveils N12bn Digital Economy Research Fund for growth

30.03.2026

The Federal Government has unveiled a N12bn Digital Economy Research Fund aimed at strengthening evidence-based policymaking and supporting Nigeria’s long-term digital transformation agenda. The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, disclosed this in a statement issued on Saturday, announcing the launch of an expression of interest for the National Digital Economy Research...

243 Unregulated Jetties in Nigeria Pose Security Risks

30.03.2026

About 243 operational jetties across the country currently function without effective supervision from key maritime regulatory bodies, the Maritime Workers’ Union of Nigeria has said. MWUN stated in a statement that it disclosed this in a petition dated March 23, 2026, signed by the Secretary-General of MWUN, Oniha Erazua, and addressed to the Minister of...

NECA Warns Election Could Disrupt Nigeria’s Fiscal Reforms

30.03.2026

The Nigerian Employers’ Consultative Association has warned that with the 2027 general elections approaching, there is a risk that the discipline required to consolidate fiscal and monetary reforms may weaken. The Director General of NECA, Mr Adewale-Smatt Oyerinde, while speaking during an exclusive interview with The PUNCH in Lagos, stated that political transitions typically introduce...