Business – Page 86 – Rise Africa

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...

Falcon Corporation Honours Pioneer MD on His Retirement

22.01.2026

Falcon Corporation Limited, one of Nigeria’s leading indigenous gas companies, has celebrated the retirement of its co-founder and pioneer managing director, Professor Joseph Ezigbo, marking the end of 31 years of service to the company and the nation’s gas industry. At an event held recently in Lagos, leaders from the oil, gas and banking sectors,...

Maritime Sector Regulation Underreported in Nigeria

22.01.2026

The Council for the Regulation of Freight Forwarding in Nigeria has stated that many regulatory activities and policy interventions within the maritime sector do not receive adequate media attention. In a statement over the weekend, the Registrar of CRFFN, Mr Kingsley Igwe, said this when he received a delegation from the Maritime Media & Capacity...

Port Stakeholder Engagement is Vital

22.01.2026

The Executive Secretary of the Nigerian Shippers’ Council, Dr Pius Akutah, has stated that stakeholder engagement is critical to maintaining order within the port system and ensuring that Nigeria’s ports align with global best practices, while safeguarding the interests of port users and the national economy. This comes even as Akutah has repeatedly stressed that...

Nigerian shipping lines criticised for costly practices

22.01.2026

A maritime research group operating under the Sea Empowerment and Research Centre has revealed that although several shipping lines maintain fully functional offices in Nigeria, they still initiate cargo release approvals from their overseas headquarters. The group added that the practice has unnecessarily extended cargo dwell time, increased demurrage costs, and opened up delays vulnerable...

Kano electricity strike disrupts business operations

22.01.2026

Socio-economic activities in Kano have been severely disrupted following an indefinite strike by the Senior Staff Association of Electricity and Allied Companies and the National Union of Electricity Employees at the Kano Electricity Distribution Company. The industrial action is over alleged poor working conditions and unpaid arrears. The strike commenced after the expiration of a...

Students vie for N9m prize in Heirs Insurance Hackathon

22.01.2026

Heirs Insurance Group has called for applications for the maiden edition of its Heirs Insurance Hackathon, which will see nine university undergraduates vie for the innovation prize worth N9m. In a statement on Monday, it was revealed that the hackathon is a technology-driven innovation programme designed to empower young students to shape the future of...

Cooking Gas Prices Rise in Nigeria Despite Lower Imports

22.01.2026

The Federal Government has disclosed that Nigeria’s national Liquefied Petroleum Gas (cooking gas) consumption reached 52,800 metric tonnes in 2025, with domestic marketers supplying 45,800 metric tonnes, while imports accounted for just 7,100 metric tonnes. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority on Wednesday showed that domestic LPG marketers were responsible for...

Business

Dangote Cement CSR lauded by Obajana host communities

22.01.2026

The Plant Director of Dangote Cement Plc, Obajana, Azad Nawabuddin, has been commended by host communities for his outstanding commitment to community development and corporate responsibility. A statement from the firm on Wednesday stated that community leaders and stakeholders praised Nawabuddin’s leadership for the timely implementation of the Community Development Agreement and the consistent rollout...

FG and Employers Clash Over Proposed NSITF Levy Hike

22.01.2026

The Federal Government and employers in the private sector may be at loggerheads over the proposed increase in the Nigeria Social Insurance Trust Fund employee compensation levy, The PUNCH reports. This is even as employers warned that any further increase above the one per cent statutory levy could lead to potential job losses and factory...