Business – Page 77 – Rise Africa

Tax Ombud Assures Nigerians of Fairer Tax Treatment

26.01.2026

The Office of the Tax Ombud has assured Nigerian taxpayers of improved protection and fair treatment as it begins implementing guidelines aimed at safeguarding taxpayer rights, strengthening trust, and enhancing voluntary tax compliance. The assurance followed a meeting held recently in Abuja between the Chief Executive Officer of the Office of the Tax Ombud, Dr...

IMF Warns Central Banks Against Aggressive Rate Cuts

26.01.2026

The International Monetary Fund has called on central banks to exercise caution in cutting interest rates, emphasising that maintaining price stability remains critical amid uneven growth and persistent inflation pressures. In its latest 13-page World Economic Outlook update, the Fund highlighted that while several economies are experiencing a modest recovery in output, inflationary pressures remain...

Vehicle Imports Nigeria from US Surge to $985m in 2025

26.01.2026

Nigerians spent a total of $985m importing motor vehicles and parts from the United States in the first 10 months of 2025, marking a sharp rise from the $543m recorded in the corresponding period of 2024, latest data from the US Census Bureau and the Bureau of Economic Analysis have shown. The figures, contained in...

Why Phone Prices in Nigeria Are So High: Rifugio Founder

26.01.2026

Founder of Rifugio Communications Limited, Dr Kayode Thomas, discusses Nigeria’s mobile phone market with DARE OLAWIN, reflecting on the company’s growth journey, operational challenges, and expansion plans. He also shares what continues to motivate his investments in Nigeria despite prevailing headwinds, and addresses perceptions that phone importers are exploiting Nigerian consumers In light of the...

Lagos to recover unpaid taxes through banks & employers

26.01.2026

The Lagos State Internal Revenue Service has announced that it will enforce its statutory powers to recover unpaid taxes from defaulting taxpayers through third parties, including banks, employers, debtors, tenants and business partners. This is contained in a public notice dated January 21, 2026, and sighted by our correspondent on the LIRS website on Sunday....

FG Links Incentives to Healthcare, Education Reforms

26.01.2026

The Federal Government has said the World Bank–assisted Human Capital Opportunities for Prosperity and Equity–Governance (HOPE-GOV) programme is designed to drive lasting reforms in budgeting and expenditure management across the country’s primary healthcare and basic education sectors. The National Coordinator of the HOPE-GOV Programme, Assad Hassan, said the initiative focuses on institutional reforms rather than...

Peak Milk Drives Festive Sales With Consumer Campaign

26.01.2026

Peak Milk has concluded its 2025 Christmas campaign, tagged “Enjoy Christmas At Its Peak,” as part of its strategy to strengthen consumer engagement and reinforce its positioning in Nigeria’s competitive dairy market during the peak festive period. The campaign, according to the company in a statement, focused on driving daily consumption by encouraging Nigerian households...

Delayed budgets in Nigeria hurt planning & investor confiden

26.01.2026

A member of the Monetary Policy Committee of the Central Bank of Nigeria, Aloysius Uche Ordu, has warned that persistent delays in fiscal reporting, particularly by state governments, are obscuring policy assessment, undermining transparency, and discouraging investment across the country. Ordu raised the concern in his personal statement released after the Monetary Policy Committee meeting...

Nigeria Must Boost Local Production & Cut Imports, Says Mini

26.01.2026

The Minister of State for Industry, Senator John Owan, has said that Nigeria must urgently reduce its dependence on imports and deliberately channel its large population into productive industrial activity, warning that demography alone does not guarantee economic growth. Speaking at the Redeemed Christian Church of God Lagos Province 35 Economic Summit on Saturday, Owan...

Business

Fintech Remita eases access to JAMB services

25.01.2026

Remita, one of Nigeria’s leading fintech companies, said it is easing the process for students seeking admission into tertiary institutions as registration opens for the 2026 Unified Tertiary Matriculation Examination and Direct Entry programmes. The platform allows candidates and their families to navigate the digital registration system with greater efficiency, securing ePINs in a structured...