Business – Page 821 – Rise Africa

Oando blames Agip acquisition, new rules for annual report delay

06.04.2025

Indigenous energy firm Oando Plc has announced a delay in the publication of its 2024 Audited Financial Statements, thus missing the regulatory deadline of March 31, 2025. In a press release issued on Thursday, the company cited two primary reasons for this postponement, assuring shareholders and the public that the AFS is now expected to...

NDDC empowers N’Delta girls in STEM education

06.04.2025

The Niger Delta Development Commission has revealed its significant steps to boost science and technology education by equipping young girls with essential skills for the modern world. The initiative aims to bridge the gender gap in Science, Technology, Engineering, and Mathematics and foster innovation in the Niger Delta region. Speaking at the closing ceremony of...

New NNPC board sparks concern over gender imbalance

06.04.2025

The Women in Energy Network has decried the failure of President Bola Tinubu to include more women in the new board of the Nigerian National Petroleum Company Limited. WIEN, in a statement on Friday by its President, Eyono Fatai-Williams, congratulated Tinubu for his recent appointment of a new board for the NNPC but noted that...

TCN explains 165 megawatts loss, assures normal power supply

06.04.2025

The Transmission Company of Nigeria has announced the collapse of three towers due to the tripping of the Ikeja West-Osogbo 330 kV line during a windy rainfall, resulting in a load loss of 165 megawatts. According to a statement signed by TCN’s General Manager of Public Affairs, Ndidi Mbah, on Friday, the incident happened on...

PMI global summit to strengthen project management in Africa

06.04.2025

The Project Management Institute has announced the return of its premier African event, PMI Global Summit Series Africa 2025, reaffirming its commitment to strengthening project management capabilities across Africa. The summit themed ‘Africa on Purpose: Gather. Grow. Guide.’ is scheduled to take place from August 19 to 21, 2025, at the Kigali Convention Centre, Rwanda....

Naira falls to N1,600 against Dollar in official market

06.04.2025

The value of the naira dropped to N1,600 per dollar in the official foreign exchange market today. This comes after staying around N1,500 for the past three months. According to data from the Central Bank of Nigeria, the official exchange rate moved up from N1,569 to N1,600, showing a decline of N31 in the naira’s...

NNPCL names new eight-man management team

05.04.2025

The Nigerian National Petroleum Company Limited has announced the appointment of a new eight-member senior management team tasked with overseeing the affairs of the company’s operations and strategic direction. It also reshuffled key management positions to strengthen its operational efficiency. A statement by the company’s spokesman, Olufemi Soneye, disclosed the latest development on Friday. The...

Hackers steal pensioners’ $500,000 savings in Australia

05.04.2025

Australia’s largest pension funds have been hit by a wave of coordinated cyberattacks, compromising more than 20,000 accounts and leading to significant financial losses for some members, including a reported theft of A$500,000 from four individuals. According to a source familiar with the matter, hackers infiltrated multiple funds, including AustralianSuper, Australian Retirement Trust, Rest, Insignia,...

FCMB recorded N111.9bn profit before tax in 2024

05.04.2025

First City Monument Bank recorded a Profit Before Tax of N111.9 billion for the financial year ending December 31, 2024. This was confirmed in a corporate statement released through the Nigerian Exchange Limited on Thursday. The statement revealed that PBT grew by 71 per cent, impacted by a 56.6 per cent decline in revaluation income...

NCAA to sanction airlines over deportees maltreatment

05.04.2025

The Nigeria Civil Aviation Authority has strongly cautioned international airlines against the increasing complaints from passengers who are transported partway to their destinations, only to be deported back to Nigeria. The NCAA criticised this practice, emphasising that it has led to considerable distress for passengers and damaged the reputation of Nigeria’s aviation industry. The NCAA’s...

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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

Oando blames Agip acquisition, new rules for annual report delay

NDDC empowers N’Delta girls in STEM education

New NNPC board sparks concern over gender imbalance

TCN explains 165 megawatts loss, assures normal power supply

PMI global summit to strengthen project management in Africa

Naira falls to N1,600 against Dollar in official market

NNPCL names new eight-man management team

Hackers steal pensioners’ $500,000 savings in Australia

FCMB recorded N111.9bn profit before tax in 2024

NCAA to sanction airlines over deportees maltreatment

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The Battle for Africa

I apologise for saying no heaven without tithe – Adeboye

Protesters storm Rivers electoral commission, insist election must hold

Man who asked Tinubu to resign admitted in psychiatric hospital

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I apologise for saying no heaven without tithe – Adeboye

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