Business – Page 859 – Rise Africa

Firm to award N60m to entrepreneurs

22.11.2024

Empire Entertainment, a company focused on both entertainment and entrepreneurship, has announced a prize package worth N60m, which includes a brand-new car and an international travel opportunity for the winner of the second edition of its reality show, Empire Africa and House Reality Show. In a statement, the Chief Executive Officer of Empire Entertainment, Dickson...

Pension institute seeks improved operator-regulator synergy

22.11.2024

The Certified Pension Institute of Nigeria has called for improved synergy between operators in the pensions sector and the regulator to meet the needs of retirees and take proactive steps. This call was made by the Managing Consultant Motodols Pension Consults, Mrs. Folashade Onanuga, who delivered the induction lecture of the CPIN 2024 Investiture/Induction Ceremony...

Manufacturers reduce production time to eight hours daily

22.11.2024

The Manufacturers Association of Nigeria has raised the alarm over the crippling impact of persistent power outages on industrial productivity, complaining that most manufacturers are now unable to operate beyond eight hours daily. MAN Director-General, Segun Ajayi-Kadir, told The PUNCH how energy challenges contributed to the decline manufacturers faced amid escalating costs and unreliable electricity...

Women-led businesses rise by14.29% – Report

22.11.2024

The number of women-led businesses in Nigeria increased by 14.29 per cent in 2024, a marked improvement from the 7.69 per cent growth recorded in 2023, according to the State of Entrepreneurship Report by FATE Foundation. FATE Foundation, a business development organisation on Wednesday hailed the increase in the number of women-led businesses as steady...

FG plans rehabilitation of 5,120km pipelines

22.11.2024

The Federal Government, through the Nigerian National Petroleum Company Limited, has commenced a process to comprehensively rehabilitate 5,120km of pipelines transporting crude oil and other petroleum products. These pipelines, which are crucial for the transportation of crude oil and other petroleum products, stretch across various regions of the country and are buried underground. The NNPCL...

Naira depreciates in October as FX crisis persists – Report

22.11.2024

The FMDQ Exchange which houses the Nigerian Autonomous Foreign Exchange Market has revealed that the naira depreciated against the dollar in October 2024 as volatility in the forex market was sustained. This was contained in the latest FMDQ Exchange Financial Markets Monthly Report for October 2024, released on Thursday. According to the report, the spot...

COAS promises safe environment for economic prosperity

22.11.2024

The acting Chief of Army Staff, Lt. Gen. Olufemi Oluyede, says the Nigerian Army is committed to ensuring the nation’s security so Nigeria can achieve economic prosperity. “To the enemies of Nigeria, make no mistake about our resolve, as we have never been more prepared and committed to defending the constitution and our dear country....

UBA urges entrepreneurs to adopt sustainable models

22.11.2024

United Bank for Africa has called on Nigerian entrepreneurs to embrace sustainable business practices as a means to ensure long-term growth and survival in the country’s challenging economic environment. Speaking at the UBA’s last quarterly business series for the year in Lagos on Thursday, the keynote speaker, Bolanle Austen-Peters, emphasised the importance of sustainable business...

NERC, MAN partner to tackle power supply challenges

22.11.2024

The Nigerian Electricity Regulatory Commission and the Manufacturers Development Company Limited, a subsidiary of the Manufacturers Association of Nigeria, have partnered to address the energy challenges of the industrial sector. The NERC proposed increased investment in power generation during the Manufacturers Energy Security Summit 2024 in Lagos recently, where stakeholders brainstormed solutions to the country’s...

NEC panel to boost power generation in states

22.11.2024

The National Economic Council on Thursday resolved that Nigeria needs a reformed and diversified electricity system, in addition to the existing national grid. It also said empowering states with their electricity systems would enhance accessibility and affordability, allowing regions to effectively meet their unique energy needs. Therefore, the council established a committee to strengthen states’...