Business – Page 809 – Rise Africa

Abidjan-Lagos Corridor moves 200,000 tonnes yearly amid high levy

11.04.2025

Despite the high transit levy, the Abidjan-Lagos Corridor is generating more than 200,000 200,000tons of goods per year, The PUNCH reports. The Vice President in charge of National and International Affairs and Coordinator of the Eastern Corridor of West African Cross Border Traders, Salami Nasiru Alasoadua, disclosed this in a report exclusively sent to our...

Ogun reiterates commitment to circular economy

10.04.2025

The Ogun State Government has reiterated its commitment to remain the headquarters of the circular economy in Nigeria and sub-Saharan Africa through the creation of policy directions and enabling laws. The Commissioner for Environment, Dr. Ola Oresanya, gave the assurance when he received members of the Circular Business Platform from the Netherlands, who are on...

NLNG, BoI unveil micro-credit scheme to boost local economy

10.04.2025

The NLNG has launched an expanded Micro, Small, and Medium Enterprises Scheme aimed at providing financial support and building the capacity of local vendors and businesses within its host communities and gas transmission system areas. The NLNG said the initiative, which is in partnership with the Bank of Industry, will alleviate poverty, stimulate economic growth,...

New deal raises TDC’s gas sector investments to $450m

10.04.2025

The investments of Temile Development Company Ltd in the Nigerian gas sector have hit $450m upon securing a contract with Hyundai Heavy Industries for the construction of an 88,000 cubic meter Very Large Gas Carrier. In a statement, TDC disclosed that the contract, signed in London, United Kingdom, on Wednesday alongside a deal for the...

Fidelity Bank distributes food packs to FCT communities

10.04.2025

Fidelity Bank Plc has donated food packs to residents of the Federal Capital Territory, Abuja, as part of its corporate social responsibility initiative. The Fidelity Food Bank outreach saw the bank’s officials distribute the food items to seven communities in the Mabushi district of the FCT. The Fidelity Food Bank is one of the key...

AI will improve productivity, not replace humans – Prof Abah

10.04.2025

The Dean of the Faculty of Computing at Nile University, Professor Joshua Abah, has said that introducing artificial intelligence is meant to improve productivity rather than make humans jobless. Abah made this statement during the StemCon 2025 tech training held at Nile University on Tuesday. Speaking at the event, he addressed concerns that AI could...

FG, Chinese firm sign $328.8m electricity transmission agreement

10.04.2025

The Federal Government on Wednesday signed a $328.8m contract with Chinese firm China Machinery Engineering Corporation to rehabilitate and expand Nigeria’s electricity transmission network under Phase 1 of the Presidential Power Initiative. The pact was for engineering, procurement, construction, and financing for the development of 330 kV and 132 kV transmission lines across the country,...

Crude crashes to $60 as China raises tariff against US

10.04.2025

Crude oil prices crashed further on Wednesday as Brent fell to $60 per barrel down from about $63 on Tuesday. According to Reuters, Brent futures were down $2.36, or 3.76 per cent, to $60.46 a barrel at United States West Texas Intermediate crude futures were down $2.37, or 3.98 per cent, at $57.21. The PUNCH...

Telcos dismiss talks on regional tariff

10.04.2025

The President of the Association of Telecommunications Companies of Nigeria, Tony Emoekpere, on Thursday dismissed reports suggesting telecom operators are set to implement region-based pricing, insisting that tariff determination in the sector remains strictly regulated. This clarification comes amid growing speculation that telcos were preparing to abandon the nationwide uniform tariff regime in favour of...

NDIC to Pay Heritage Bank depositors liquidation dividends

10.04.2025

The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to pay the first tranche of liquidation dividends to depositors of Heritage Bank, whose operating license was revoked by the Central Bank of Nigeria on June 3, 2024. According to NDIC Managing Director/Chief Executive Bello Hassan, the corporation has made significant progress in disposing of the...

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I apologise for saying no heaven without tithe – Adeboye

04.10.2024

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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Latest News

Abidjan-Lagos Corridor moves 200,000 tonnes yearly amid high levy

Ogun reiterates commitment to circular economy

NLNG, BoI unveil micro-credit scheme to boost local economy

New deal raises TDC’s gas sector investments to $450m

Fidelity Bank distributes food packs to FCT communities

AI will improve productivity, not replace humans – Prof Abah

FG, Chinese firm sign $328.8m electricity transmission agreement

Crude crashes to $60 as China raises tariff against US

Telcos dismiss talks on regional tariff

NDIC to Pay Heritage Bank depositors liquidation dividends

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I apologise for saying no heaven without tithe – Adeboye

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I apologise for saying no heaven without tithe – Adeboye

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