Business – Page 807 – Rise Africa

Eterna grows revenue N313bn, returns to profitability

11.04.2025

Eterna Plc, a sustainable integrated energy company, has demonstrated remarkable resilience, posting a 71 per cent increase in revenue to N313.6bn for the year ended December 31, 2024. In a statement, the company said the performance marked a significant turnaround, returning it to profitability after navigating a challenging economic landscape. The audited consolidated financial statements...

Minister urges NNPC to complete AKK, OB3 pipeline projects

11.04.2025

Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has charged the new leadership of the Nigerian National Petroleum Company Limited to prioritise the completion of the Ajaokuta-Kaduna-Kano (AKK) and the Obiafu-Obrikom-Oben (OB3) gas pipeline projects. Ekpo also appealed to the NNPC team to pay immediate attention to other critical national gas projects across the...

Zamfara agency, firm partner to facilitate technology transfer for MSMEs

11.04.2025

In a strategic push to drive inclusive economic growth and enhance trade prospects in Northern Nigeria, the Zamfara State Investment and Property Development Company Limited has signed a partnership agreement with Duchess Marketplace to facilitate technology transfer and capacity-building initiatives for micro, small, and medium enterprises in the state. A statement by the investment company...

Lagos port experiences vessel traffic surge amid forex woes

11.04.2025

Despite the fluctuating exchange rate and other operational challenges, vessel activities have recorded a significant surge at Lagos port in the past week, findings by The PUNCH have shown. The Nigerian Ports Authority’s Daily Shipping Position between March and date showed that since the first day of April 2025, different vessels with different cargoes, including...

Retailers bemoan regulation as restocking woes persist

11.04.2025

Small and Medium Enterprise stakeholders have again raised the alarm over their inability to restock goods, especially in shopping malls and retail outlets across the country. The operators cited multiple regulatory hurdles, shrinking access to credit, prioritising foreign exchange and persistently high inflation as the leading culprits behind increasingly empty shelves. This fresh outcry follows...

Cosmos Trade targets growth with beverage training school

11.04.2025

Cosmos Trade Nigeria Limited has stated that it seeks to boost Nigeria’s tourism potential through food and beverage innovation with its training outfit, Gelato and Coffee University. Business Development Manager, Cosmos Trade Nigeria Limited, Mr Demilola Olaniyi, said on Thursday during the company’s Gelato and Coffee University training/exhibition that it was recently certified as the...

No airline owned 100% by FG can survive – Aligbe

11.04.2025

Managing Director of Belujane Consult and former spokesperson of the liquidated national carrier, Nigeria Airways, Mr Chris Aligbe, speaks with OLASUNKANMI AKINLOTAN on industry challenges and possible solutions What are the major challenges facing Nigerian airlines? The airlines are trying their best with the circumstances they are facing. There is no doubt that they are...

Dantsoho urges traders to leverage NPA’s easy export process

11.04.2025

The Managing Director of the Nigerian Ports Authority, Dr. Abubakar Dantsoho, has urged traders and the general public to explore the tailor-made simplified export processes and other vistas of opportunity present at the agency. According to a statement on Wednesday, Dantsoho gave this advice during the 36th Enugu International Trade Fair. The event was themed...

NGX realigns operations to drive private capital

11.04.2025

The Nigerian Exchange Group has announced realigning its operations to attract more private capital and also tackle the instances of delisting from the local bourse. This was disclosed by the Group Managing Director/Chief Executive Officer of NGX Group Plc, Temi Popoola, on the floor of the 64th Annual General Meeting on Tuesday. Also, at the...

Dangote Group urges increased investment in industrial sector

11.04.2025

The Dangote Group has advocated the need for massive investment in technology to boost Nigeria’s industrial sector and enhance global recognition. Speaking at Dangote’s Special Day on Wednesday, at the ongoing 36th Enugu International Trade Fair, Mr. Ayirioritse Okerentie, Deputy Regional Director, South East, Dangote Cement Plc, highlighted the importance of adopting best-in-class global practices...