Business – Page 866 – Rise Africa

Institute partners agency on managers’ appreciation day

19.03.2025

Career and Leadership Institute, Business Leadership & Innovation Management, and a marketing agency, Ideas House, are partnering to host the inaugural edition of the World Managers Appreciation Day on March 25th. According to a statement, World Manager Appreciation Day is set aside on the corporate calendar to celebrate managers who have consistently shown an unwavering...

Ultimate Health HMO strengthens board with female directors

19.03.2025

Ultimate Health Management Services has appointed two accomplished professionals, Tosin Adefeko and Bolajoko Abiola-Odunowo, as directors on its board. The company stated that the move aligns with global corporate governance best practices and underscores its commitment to gender inclusivity. According to a statement, the appointment also reinforces Ultimate Health HMO’s strategy to enhance the board’s...

Customs, marketers differ as 400 border filling stations shut

19.03.2025

Over 400 filling stations of independent oil marketers located at border communities have remained shut since 2019 based on the Federal Government’s directive to halt the smuggling of petrol out of Nigeria to neighbouring nations. While the Nigeria Customs Service declared on Monday that the stations would still be shut, oil marketers decried the closure...

Court dismisses NNPCL’s objection in ₦100bn Dangote refinery suit

19.03.2025

A Federal High Court in Abuja has dismissed the Nigerian National Petroleum Company Limited’s objection to a ₦100 billion import licence lawsuit filed by Dangote Petroleum Refinery and Petrochemicals. Justice Inyang Ekwo, in his ruling, said the NNPCL failed to submit a counter-affidavit against Dangote Refinery’s claims and instead filed a preliminary objection, which goes...

PENGASSAN threatens strike over dispute with Saterling Oil

19.03.2025

The Petroleum and Natural Gas Senior Staff Association of Nigeria has threatened to withdraw all its members from every upstream operation unless Sterling Oil Exploration and Energy Production Company immediately addresses and fulfils all of the association’s demands related to their ongoing grievance. The President of PENGASSAN, Festus Osifo, issued the threat at a press...

FG will strictly regulate private jet operations – Keyamo

19.03.2025

Minister of Aviation and Aerospace Development, Festus Keyamo, has reaffirmed plan by the Federal Government to introduce strict measures to regulate private jet operations and curb illegal charter activities. Underscoring this in his remarks at the Ministerial Press Briefing in Abuja, Keyamo warned that the government would implement new regulations to monitor private jet usage....

IATA projects 2040 delivery of fresh orders

19.03.2025

As the aviation industry’s aircraft shortage worsens globally, the International Air Transport Association has said aircraft ordered by airlines during the year may not be delivered by the manufacturers until 2040, 15 years from now. IATA made this known through its website over the weekend while reviewing the challenge of capacity facing the aviation industry...

Policymakers eye economic growth with bank recapitalisation, forex reforms

19.03.2025

Economic decision-makers are optimistic about the prospect of significant growth as financial sector regulators rally support for bank recapitalisation and foreign exchange reforms, writes FELIX OLOYEDE When President Bola Tinubu was sworn in in 2023, he expressed his ambition to grow the economy within the next eight years. Economic decision-makers also projected the economy can...

NCAA moves to end passengers’ maltreatment

19.03.2025

OLASUNKANMI AKINLOTAN explores the age-long, unending face-off between air travellers and local airlines There is no end in sight in the battle between Nigerian airline operators and passengers as different dramas unfold at different times. The ugly bickering is majorly caused by flight cancellations, delays, or loss of valuables, to mention but a few. Passengers...

Fintech firm Sycamore obtains SEC licence

19.03.2025

Sycamore, a Nigerian financial technology company with over N10bn in assets under management, has announced the acquisition of a Securities and Exchange Commission licence to operate as a fund/portfolio manager. The company has also appointed Oluwagbenga Magbagbeola, former Managing Director of ARM Securities, to lead its asset management division, according to a statement from the...