Business – Page 84 – Rise Africa

Nigeria Welcomes First Dry-Lease Aircraft in 20 Years

18.09.2025

Nigeria’s aviation sector is set for a historic leap as the Minister of Aviation and Aerospace Development, Festus Keyamo, announced that the country will receive its first dry-lease aircraft in nearly two decades on October 6, 2025. The announcement coincided with the groundbreaking of a N32bn Maintenance, Repair, and Overhaul facility by Air Peace at...

SIFAX Group Donates ICT Center, Market to Ogun Communities

18.09.2025

SIFAX Group has donated some community projects, including an information and communication technology centre and 27 open markets, among others, to the Isade-Elero and Pampa-Isade communities in the Ijebu North-East Local Government Area of Ogun State. This was contained in a statement on Tuesday by the Group Head, Corporate Communications at SIFAX Group, Olumuyiwa Akande,...

Mdundo Projects $1.2M Royalties for African Artists by 2026

18.09.2025

Africa’s leading music distribution platform, Mdundo, has announced that it is targeting royalty distributions of $1.2m by 2026, backed by projected revenues of $1.7m to $2.2m. The company said this growth would be driven by expanded subscription services, stronger partnerships with telecommunications companies, and the increasing global adoption of its Progressive Web App. In a...

New Customs Chief Takes Charge at Lagos Airport

18.09.2025

The incoming Customs Area Controller in charge of the Murtala Muhammed International Airport Command of the Nigeria Customs Service, Chidi Nwokorie, has called on the officers of the Command to work together to boost efficiency. According to Thursday’s release, Nwokorie stated this while taking over the leadership of the Command from the outgoing CAC, Effiong...

Dangote Refinery Lawsuit Threat Over Smuggling Claims

18.09.2025

The rift between the Depot and Petroleum Products Marketers Association of Nigeria and the Dangote Group has escalated sharply, with DAPPMAN threatening to take legal action if the refinery giant does not retract allegations of product diversion. The development comes at a time when Nigeria’s downstream petroleum sector is gripped by tension over pricing, supply,...

Nigeria Pays ₦330bn in Cash Transfers to 8.1m Households

18.09.2025

The Federal Government has announced that it has disbursed a total of N330bn to 8.1 million households across the country under the National Social Safety Net Programme, aimed at cushioning the harsh effects of economic reforms on Nigeria’s poorest and most vulnerable citizens. The disclosure was made on Wednesday in Abuja by the Minister of...

NNPC MD Appointed Nigeria’s OPEC Representative

18.09.2025

The Nigerian National Petroleum Corporation has congratulated Maryamu Idris on her appointment as Nigeria’s National Representative to the Organisation of the Petroleum Exporting Countries. Announcing the development in an official statement on its X handle on Wednesday, NNPC said Idris’s new role marks a pivotal step in representing Nigeria’s interests within the influential cartel of...

Nigeria’s War Risk Insurance Burden: $1.5bn Paid Despite Saf

18.09.2025

Despite sweeping gains in maritime security, including Nigeria’s removal from piracy-prone and high-risk zones, shipowners still pay crippling war risk insurance premiums on Nigeria-bound cargoes. Stakeholders say the charges, amounting to over $1.5bn in three years, no longer reflect reality, describing them as unfair economic exploitation, ANOZIE EGOLE reports Nigeria’s maritime sector has witnessed transformative...

Business

MTN Leases Spectrum from T2 Mobile to Boost Network Capacity

18.09.2025

MTN Nigeria Communications Plc has secured the approval of the Nigerian Communications Commission to lease frequency spectrum from T2 Mobile Limited, formerly 9Mobile, in a move aimed at strengthening its network capacity and advancing digital inclusion. In a notice to the Nigerian Exchange Limited and the investing public, the telecommunications giant said the lease agreement,...

Kenyon International Pledges to Revive Nigeria’s Dead Oil We

18.09.2025

The Chief Executive Officer of Kenyon International, Victor Ekpenyong, has pledged to assist Nigeria in reviving its numerous dormant oil wells and overcoming persistent pipeline vandalism to boost crude output and achieve energy stability. Ekpenyong spoke in Lagos during the recent celebration of Kenyon International’s 10th anniversary, where he reflected on the company’s growth since...