Business – Page 961 – Rise Africa

Firm secures $1.6m equity funding to boost energy access

18.11.2024

Winock Solar, a Nigerian solar branding and distribution company, has announced the acquisition of $1.6m in equity funding from Acumen Fund Inc. and All On Partnerships for Energy Access. In a statement on Sunday by Winock Solar’s PR & Communications Officer, Elizabeth Adenipekun, it was noted that the investment aims to empower low-income earners and...

FG services IMF, others’ debt with $1.36bn – DMO report

18.11.2024

The Federal Government has spent $1.36bn to service outstanding debts owed to 12 international and multilateral creditors in the first six months of 2024. This is according to an analysis of data from the public debt reports released by the Debt Management Office. The figure for payments made between January to June 2024 represents a...

Jobberman unveils campaign to empower women

18.11.2024

Jobberman Nigeria has unveiled the #BeABossLady Campaign, an initiative aimed at equipping women with financial and entrepreneurial skills, as part of efforts to tackle poverty and promote economic development. Jobberman launched the #BeABossLady Campaign in Lagos recently, which provides courses targeted to women aged 18 to 35 to empower them to pursue careers, launch businesses,...

W’Bank detects $32m unaccounted funds in Nigeria’s water project

18.11.2024

The World Bank has identified $32m in unaccounted funds in a Nigerian water sector project, raising concerns over likely embezzlement and mismanagement. According to the newly released FY2024 Sanctions System Annual Report, the Bank’s Integrity Vice Presidency (referred to as ‘INT’ in the report) flagged the discrepancies after a forensic review. The funds, intended to...

Wema Bank appoints new directors

18.11.2024

The board of Wema Bank has appointed a new Deputy Managing Director, Oluwole Ajimisinmi and a new Executive Director, Olukayode Bakare. Ajimisinmi’s appointment followed the retirement of Oluwole Akinleye after 10 years on the board. According to a notice filed with the Nigerian Exchange Limited on Friday, the Ajimisinmi whose appointment takes effect from December...

Fintech firms provide services in underserved areas – CEO, Woven Finance

18.11.2024

The Chief Executive Officer of Woven Finance, a payment solution service provider in Nigeria, Collins Obafemi, tells DARE OLAWIN in this interview that fintech is set to transform the Nigerian payment landscape with innovative ideas What are your views about fintech acceptability in Nigeria? The fintech landscape in Nigeria is evolving rapidly, and acceptance is...

Noor Takaful shares N116m surplus to policyholders

18.11.2024

Noor Takaful Insurance Limited has distributed N116.30m as surplus to an eligible group of policyholders who did not make claims on their insurance during the 2022 financial year. The surplus distribution was made during the second edition of the African Takaful and Non-Interest Finance conference in Lagos. A total of 1,211 participants including individuals, financial...

FAMFA Oil chairman to receive doctoral award

18.11.2024

FAMFA Oil has announced that its Chairman, Modupe Alakija, will be conferred with an Honorary Doctor of Business Administration degree from Ajayi Crowther University, Oyo, in recognition of his outstanding contributions to business law, corporate governance, and economic development in Nigeria. In a statement by the company, it was stated that the conferment ceremony would...

Business

Energy price hike affecting small businesses negatively – SMEDAN

18.11.2024

The Small and Medium Enterprises Development Agency of Nigeria has said that the rise in energy costs, particularly electricity and petrol, has posed a big challenge to small businesses in Nigeria. SMEDAN added that increased costs directly impact production costs, transportation expenses, and overall operational efficiency. The Director-General of SMEDAN, Charles Odii, disclosed this in...

Accugas Limited, Ibom Power disagree over power outages

18.11.2024

Accugas Limited, a subsidiary of Savannah Energy, and the Ibom Power plant have continued to trade blame over power outages in Akwa Ibom State. The power outages crippled social and economic activities for three days in the state culminating in the sacking of the Managing Director of the Ibom Power Plant, Meyen Etukudo, by the...

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I apologise for saying no heaven without tithe – Adeboye

04.10.2024

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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Firm secures $1.6m equity funding to boost energy access

FG services IMF, others’ debt with $1.36bn – DMO report

Jobberman unveils campaign to empower women

W’Bank detects $32m unaccounted funds in Nigeria’s water project

Wema Bank appoints new directors

Fintech firms provide services in underserved areas – CEO, Woven Finance

Noor Takaful shares N116m surplus to policyholders

FAMFA Oil chairman to receive doctoral award

Energy price hike affecting small businesses negatively – SMEDAN

Accugas Limited, Ibom Power disagree over power outages

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I apologise for saying no heaven without tithe – Adeboye

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