Business – Page 87 – Rise Africa

Kaduna-Kano Rail Project Now 53% Complete – Minister

17.09.2025

Minister of Transportation Senator Said Alkali says the Kaduna–Kano standard gauge rail project is now 53 per cent completed, while the Kano–Maradi line will reach Katsina by December this year as part of efforts to fast-track rail modernisation across the country. Speaking at the 2nd International Railway Conference on Monday in Abuja, Alkali said the...

Nigerian Stock Market Dips N71bn, All-Share Index Falls

17.09.2025

The Nigerian Exchange closed Tuesday’s trading session on a negative note as the equities market shed about N71bn in market capitalisation, following losses recorded in several bellwether stocks. At the close of trading, the All-Share Index fell by 112.22 points, or 0.08 per cent, to settle at 141,546.78 basis points compared with 141,659.00 points recorded...

Café One Expands to 18 Coworking Hubs Across Nigeria

17.09.2025

Café One, one of Nigeria’s leading coworking and coffee lifestyle brands, has strengthened its position as a pioneer in flexible workspaces by expanding to 18 hubs across nine states. The expansion underscores the company’s ambition to redefine how Nigerians work, collaborate, and build businesses in a fast-changing economy, the firm said in a statement on...

DBN Boss Awarded Prestigious Nigerian Economic Society Fello

17.09.2025

The Managing Director/Chief Executive Officer of the Development Bank of Nigeria, Tony Okpanachi, has been conferred with the Fellowship of the Nigerian Economic Society, one of the highest honours of the professional body since its establishment in 1957. In a statement made available to our correspondent on Tuesday, the fellowship, which has admitted only 74...

Nestlé Expands Africa Operations to Boost Food Security

17.09.2025

Nestlé has announced the expansion of its research and development operations in Sub-Saharan Africa, with a renewed commitment to boosting nutrition, food security, and agricultural productivity across the region. Speaking at the company’s R&D Centre in Abidjan, Ivory Coast, senior executives highlighted Nestlé’s long-term strategy to innovate on products while working with local research institutions,...

CBN Reinforces Commitment to Deepening Financial Inclusion i

17.09.2025

The Central Bank of Nigeria has reiterated its determination to boost productivity, strengthen financial inclusion, and deliver on its core mandate of monetary and price stability. CBN Governor, Mr Olayemi Cardoso, made this known at the opening ceremony of the CBN Fair held at the Mineet Event Centre in Kano on Tuesday. He was represented...

Nigeria Partners PharmAccess to Improve Healthcare Quality

17.09.2025

The Federal Ministry of Health and Social Welfare has signed a landmark Memorandum of Understanding with PharmAccess Foundation to implement SafeCare quality improvement programmes across Nigeria’s federal tertiary hospitals. According to a statement by PharmAccess on Tuesday, the agreement, sealed through the National Tertiary Health Institutions Standards Committee, aims to raise healthcare delivery standards, strengthen...

Nigeria’s 2025 Advertising Conference Set for Abuja in Novem

17.09.2025

The Advertising Regulatory Council of Nigeria has announced that the 2025 edition of the National Advertising Conference will be held in Abuja from November 12 to 14, bringing together stakeholders across the marketing communications industry to deliberate on growth, innovation, and policy issues. This year’s conference will run with the theme ‘Marketing Communications: Transforming Businesses...

Uninsured Airports Threaten Nigerian Airlines’ Growth

17.09.2025

Nigeria’s aviation industry is facing growing concern over the failure of the Federal Airports Authority of Nigeria to insure airports across the country, coupled with deteriorating aerodrome infrastructure that continues to harm airline operations. The alarm was raised by the founder and Chief Executive Officer of Overland Airways, Captain Edward Boyo, during the 5th CHINET...

Nigeria’s Oil Reforms Unlock $18.2Bn in Deals, Slashing Loss

17.09.2025

Nigeria’s oil and gas sector is experiencing a renewed wave of investor confidence, with fresh upstream reforms unlocking $18.2bn worth of Field Development Plans for 2025, while crude oil losses have dropped to their lowest levels in over a decade. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal...