Business – Page 855 – Rise Africa

Ogun farmers secure market for excess produce

24.03.2025

Some farmers in Ogun State have expressed delight at the provision of a stable market for their excess farm produce. In a statement on Sunday, it was revealed that relief for the farmers came via the intervention of the innovative FoodTec platform PricePally, which is transforming the way farmers sell their goods by providing a...

Foundation trains enterprise organisations in business support

24.03.2025

The Impact Investors Foundation has empowered Nigerian enterprise support organisations and business development service providers with the tools and strategies needed to deliver scalable and high-impact business support to social enterprises. According to a statement from the Foundation, the three-day intensive training programme, which brought together leaders and programme managers from across Nigeria’s entrepreneurial ecosystem,...

FCMB opens new branch to boost local economy

24.03.2025

First City Monument Bank has expanded its footprint by launching a new branch in Ogbomosho. Officials say the move will boost financial inclusion and economic development. The branch, located along the Ogbomosho-Ilorin road, was inaugurated on March 12, 2025, in a ceremony attended by local leaders, the bank stated in a statement. During the inauguration,...

Customs seize $578,000 undeclared cash, hand suspects to EFCC

24.03.2025

The Nigeria Customs Service, Murtala Muhammed International Airport Command, said it intercepted a total of $578,000 falsely declared by an inbound passenger coming into Nigeria from South Africa. The Customs Area Controller in charge of the command, John Harrison, announced this while addressing journalists at the command on Friday. He explained that the suspect, Mr...

BOI, WCCIMA unveil N10bn fund for women-led businesses

24.03.2025

The Bank of Industry has assured the Women’s Chamber of Commerce, Industry, Mines, and Agriculture of its commitment to providing financial solutions for female entrepreneurs in the sector. According to a statement from BOI on Friday, the commitment was made at an event to commemorate International Women’s Day, jointly organised by BOI and WCCIMA in...

Create policies to attract agric investments, stakeholders urge govt

24.03.2025

Stakeholders in the agricultural sector have called for urgent policy reforms, increased investments, and technological innovations to strengthen the country’s food system. With food insecurity affecting millions of Nigerians, the agricultural experts, policymakers, and development partners convened in Abuja on Thursday for the National Stakeholder Dialogue on Food Security. The dialogue, themed “Achieving Food Security...

Baobab Nigeria disburses N500bn loans to MSMEs

24.03.2025

Baobab Nigeria, a microfinance bank, said it has disbursed close to N500bn in loans to micro, small, and medium-sized enterprises, reinforcing its commitment to financial inclusion and business growth in Nigeria. The disclosure was made in a statement on Friday, in which the lender highlighted its efforts to support small businesses through accessible financial solutions....

Petrol imports rise to 154m litres weekly

24.03.2025

Seven vessels carrying imported Premium Motor Spirit, popularly called petrol, are expected to berth at seaports along the nation’s borders between Monday, March 17, and Sunday, March 23, Saturday PUNCH reports. According to a document obtained from the Nigerian Port Authority on Thursday, these vessels carrying 115,000 metric tonnes representing 154.22 million litres of PMS...

Nigeria to repay $500m health loan in 25 years – W’Bank

24.03.2025

The Federal Government will begin repaying a $500m concessional loan secured from the International Development Association from 2029 to 2054. This is according to a financing agreement signed between Nigeria and the World Bank’s lending arm, which was obtained by Sunday PUNCH. The loan, which falls under the Nigeria Primary Healthcare Provision Strengthening (also referred...

Edo gov signs electricity bill into law

24.03.2025

Edo State Governor, Monday Okpebholo, has assented to the Edo State Electricity Law 2025, promising energy independence and improved electricity supply in the state. The new law repeals the Edo State Electricity Law 2022. It establishes a structured framework for intra-state electricity generation, transmission, distribution, and regulation, setting the stage for a more reliable and...