Business – Page 84 – Rise Africa

Heirs Energies commits $10m to African entrepreneurship

26.03.2026

Heirs Energies says it has committed over $10m to support 2,000 African entrepreneurs through its partnership with the Tony Elumelu Foundation, aiming to drive enterprise growth and job creation across the continent. The 2026 cohort of TEF includes 3,200 entrepreneurs from all 54 African countries, selected from more than 265,000 applicants. According to a statement...

BOA Seeks Funding to Bridge Nigeria’s Agric Investment Gap

26.03.2026

The Bank of Agriculture has called for stronger strategic partnerships and increased capital mobilisation to unlock Nigeria’s vast agricultural potential. The Managing Director and Chief Executive Officer of the bank, Mr Ayo Sotinrin, made the call while speaking at the Nigeria–United Kingdom Agriculture and Investment Forum, held in London recently. This was contained in a...

Nigeria’s National AI Strategy awaits legislative approval

26.03.2026

The government-backed National Artificial Intelligence Strategy will be submitted to the National Assembly for approval within weeks, signalling a major push to formalise AI governance in Africa’s largest economy, Minister of Communications, Innovation and Digital Economy, Bosun Tijani, said on Wednesday. The strategy, no longer in draft form, was finalised after consultations with government agencies,...

Pivot Energy opens new fuel station in Eket, Akwa Ibom

26.03.2026

Pivot Energy has opened a new fuel station in Eket, Akwa Ibom State, improving access to petroleum products for motorists and residents while expanding the company’s footprint in Nigeria’s downstream energy sector. The energy company stated on Wednesday that the newly launched station is set to improve fuel availability in the area, providing a more...

Business

NIMASA boss honoured by alma mater for mentorship

26.03.2026

The Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Dayo Mobereola, has received an award of recognition from his alma mater, St Patrick’s Grammar School, Ibadan, in appreciation of his impactful mentorship and commitment to the development of younger generations. The Deputy Director and Head of Public Relations at NIMASA, Osagie Edward, announced...

Firms pledge $100m for Africa’s electrification by 2030

26.03.2026

The Rockefeller Foundation and the Global Energy Alliance for People and Planet have pledged more than $100m to support Mission 300, the initiative by the World Bank and African Development Bank aimed at connecting 300 million people in Africa to electricity by 2030. According to a statement by the partners, the funding, which began with...

Nigeria’s capital importation hits $6.44bn, UK leads

26.03.2026

Nigeria’s capital importation rose to $6.44bn in the fourth quarter of 2025, with the United Kingdom emerging as the leading source of inflows, underscoring renewed foreign investor interest in the country’s financial markets. Latest data from the National Bureau of Statistics showed that the figure represents a 26.61 per cent increase from the $5.09bn recorded...

Nigeria speeds approvals to revive dormant oil wells

26.03.2026

The Federal Government has significantly reduced the time required to approve applications for the reactivation of idle oil wells, cutting the process from weeks to a matter of hours in a bid to boost crude oil production and take advantage of rising global energy prices. The move, being driven by the Nigerian Upstream Petroleum Regulatory...

Agencies Warn Against Tampering with Aviation Crash Evidence

26.03.2026

The Nigerian Safety Investigation Bureau and the Nigeria Civil Aviation Authority have raised fresh concerns over the distortion and loss of critical evidence following aviation incidents, warning that such practices could undermine safety and hinder efforts to prevent future crashes. Speaking on Wednesday in Lagos at an Aviation Stakeholder Engagement Workshop themed “Preservation of Accident...

TCN explains low power allocation causing Nigerian outages

26.03.2026

The Transmission Company of Nigeria has explained the reasons for the current low power allocation to the distribution companies, leading to outages across the country. As Nigerians continue to grapple with widespread power outages blamed on gas constraints and infrastructure challenges, the TCN blamed multiple factors for low allocation, including generation companies’ output and requests...