Business – Page 85 – Rise Africa

Nigeria livestock sector GDP targeted to hit $74 billion

22.01.2026

The Federal Government has disclosed plans to increase the contribution of Nigeria’s livestock sub-sector to the nation’s Gross Domestic Product from $32bn to over $74bn within the next 10 years. The Minister of Livestock Development, Idi Mukhtar Maiha, disclosed this on Tuesday in Ilorin during a livestock stakeholders’ engagement organised by the Kwara State Government,...

Stocks Slide on Renewed US-Europe Trade Tensions

22.01.2026

Stocks, United States long-dated Treasuries, and the dollar declined sharply on Tuesday as investors reacted to renewed trade tensions between the United States and Europe, according to Reuters. The move reversed gains seen earlier in the week, reflecting heightened market uncertainty. Reuters reports that President Donald Trump’s renewed threat to impose tariffs on European imports...

HR Pros to Discuss Workplace Wellness at Lagos Conference

22.01.2026

Human resource professionals and health experts are set to converge in Lagos on Thursday to deliberate on workplace wellness, wellbeing and employee welfare at a one-day conference on Employee Assistance Programmes. The conference is being sponsored by Chevron Nigeria Limited in collaboration with Sages and Scribes Consultants. The organisers said the event would focus on...

FALF celebrates the 2025 Future Africa Leaders Award winners

22.01.2026

The Future Africa Leaders Foundation has unveiled the winners and ambassadors of the 2025 Future Africa Leaders Award, celebrating 10 young Africans whose initiatives are delivering measurable impact across communities on the continent. The awardees were recently presented at a public ceremony in Lagos, which brought together development advocates, civil society leaders and members of...

Nigerian Oil Refining Ramps Up to Cut Fuel Imports

22.01.2026

Domestic refineries on Tuesday declared that they have the capacity to supply more fuel into the local market this year than importers did in 2025. The Crude Oil Refiners Association of Nigeria told The PUNCH that its members, including the Dangote Petroleum Refinery, have the capacity to supply all the fuels needed by Nigerians without...

Wale Tinubu champions Africa’s energy priorities at Davos

22.01.2026

Wale Tinubu, Group Chief Executive of Africa’s leading indigenous energy solutions provider, Oando Plc, is set to participate in the 2026 World Economic Forum Annual Meeting in Davos, Switzerland, to champion Africa’s energy priorities. A statement on Tuesday stated that Tinubu’s engagements will focus on critical issues such as Africa’s energy security, the role of...

Nigeria’s Stabilisation Efforts Boost Economic Outlook

22.01.2026

The International Monetary Fund has said that Nigeria’s macroeconomic stabilisation efforts are beginning to yield results, contributing to an improved growth outlook for Sub-Saharan Africa. The Fund made the assessment on Wednesday during a press conference to present its January 2026 World Economic Outlook Update, in which it revised growth projections for the African region...

Business

REA engages 20 states on Nigeria’s power access roadmap

22.01.2026

The Rural Electrification Agency has engaged 20 states on a roadmap to expand electricity access following the signing of the Electricity Act 2023. The Managing Director/Chief Executive Officer, Abba Aliyu, disclosed this during a chat with TVC News on Tuesday, explaining that the engagements were aimed at presenting data on unelectrified and underserved communities to...

A Vital Role in Africa’s Energy Transition

22.01.2026

The Chairman of Solad Power Group, Constantine Ogunbiyi, has cautioned against portraying Africa’s energy transition as a straight choice between fossil fuels and renewable energy, saying such framing overlooks the continent’s development and power realities. In a statement on Wednesday, Ogunbiyi said debates around energy transition on the continent are often shaped by ideology rather...

Recapitalisation signals a new era for Nigerian banking

22.01.2026

Nigeria’s banking sector is undergoing a defining transformation as the central bank’s recapitalisation drive strengthens resilience, deepens confidence and positions lenders to support sustainable economic growth, JUSTICE OKAMGBA reports The Central Bank of Nigeria, led by its Governor, Olayemi Cardoso, has sustained momentum around its vision of promoting regulatory excellence while reinforcing the foundations of...