Business – Page 838 – Rise Africa

Nigeria’s crude suffers low demand, cargoes await buyers — Report

31.03.2025

Crude oil grades from Nigeria have faced tepid demand in the April trade cycle as ample availability of lower-priced alternatives such as US WTI, Caspian CPC Blend, and other Mediterranean grades enticed European buyers. Argus Media, an independent energy and commodity price benchmarks provider, reported this on Thursday. The report stated that the trade cycle...

Power sector liquidity crisis needs presidential intervention – NDPHC

31.03.2025

The Managing Director of the Niger Delta Power Holding Company Limited, Jennifer Adighije has stated the need for a presidential intervention to address the severe liquidity crisis plaguing the power sector. She said the intervention should begin with the settling of over N4tn owed to power generating companies and facilitating funding for ongoing projects to...

Failure in sustaining family businesses limits Africa’s growth – Aig-Imoukhuede

31.03.2025

The co-founder of Tengen Family Office, Mr Aigboje Aig-Imoukhuede, has warned about Africa’s economic future, stating that the continent’s failure to sustain family businesses across generations is a critical barrier to development. Aig-Imoukhuede said this at the Lagos Business School International Family Business Conference 2025, themed ‘Preparing the Next Generation for Stewardship: Building a Lasting...

Terra Gold wins 2025 ADVAN award

31.03.2025

Terra Gold has received the Brand Innovation of the Year award at the 12th edition of the Advertisers Association of Nigeria African Awards 2025. The recognition, according to a statement on Friday, underscores the brand’s commitment to redefining kitchen essentials and its journey of passion, dedication, and relentless pursuit of quality. It stated that from...

Lagos to attract £410m investment through Omi-Eko Project – LASWA boss

31.03.2025

The General Manager of the Lagos State Waterways Authority, Oluwadamilola Emmanuel, talks about the state’s Omi-Eko Project, among others, in this interview with ANOZIE EGOLE How would you describe 2024 in the Lagos water transport sector? Well, it was a very good year, I must say. Because you know, one of the ways in which...

Nigeria’s interest rate fifth highest globally – MPC member

31.03.2025

The current Monetary Policy rate of 27.50 per cent charged by the Central Bank of Nigeria to commercial banks on borrowings is the fifth highest in the world, a member of CBN’s Monetary Policy Committee, Mustapha Akinkunmi, has said. In Nigeria, the Monetary Policy Rate is the interest rate set by the Central Bank of...

Achieving 2.2mbpd oil output depends on Rivers’ stability – NESG

31.03.2025

The Chief Executive Officer of the Nigeria Economic Summit Group, Dr Tayo Aduloju, has warned that Nigeria’s ability to meet its crude oil production target of 2.2 million barrels per day depends on political stability in Rivers State. Aduloju made this known on Friday during an interactive session with the media following the launch of...

Tinubu signs investments, securities bill into law

31.03.2025

President Bola Tinubu has given presidential assent to the Investments and Securities Bill, thus providing for a robust regulatory framework in Nigeria’s capital market. According to a statement issued by the Securities and Exchange Commission on Saturday, the new Investments and Securities Act 2024 repeals the Investments and Securities Act 2007 and introduces key reforms...

NGX records 30% reduction in foreign inflows

31.03.2025

Foreign inflow to Nigeria’s equities market fell by 29.66 per cent in February 2025, dropping to N18.05bn from N25.66bn recorded in January. This decline in foreign inflow, alongside a drop in foreign outflow, led to a steep 40.36 per cent fall in total foreign portfolio transactions on the Nigerian Exchange Limited, which declined from N71.51bn...

Accion MfB empowers women entrepreneurs with digital skills

31.03.2025

Accion Microfinance Bank has empowered female entrepreneurs with digital skills to boost the survival of their businesses. In a statement on Friday, the bank indicated that the empowerment was done in the second edition of its Digital Skills Bootcamp for Women. The programme, held at the bank’s head office, was designed to equip business owners...

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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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Nigeria’s crude suffers low demand, cargoes await buyers — Report

Power sector liquidity crisis needs presidential intervention – NDPHC

Failure in sustaining family businesses limits Africa’s growth – Aig-Imoukhuede

Terra Gold wins 2025 ADVAN award

Lagos to attract £410m investment through Omi-Eko Project – LASWA boss

Nigeria’s interest rate fifth highest globally – MPC member

Achieving 2.2mbpd oil output depends on Rivers’ stability – NESG

Tinubu signs investments, securities bill into law

NGX records 30% reduction in foreign inflows

Accion MfB empowers women entrepreneurs with digital skills

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I apologise for saying no heaven without tithe – Adeboye

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