Business – Page 98 – Rise Africa

Nigerian Firm Signs Major Energy Deal with Nexarka in London

22.03.2026

A Nigerian energy company, Sapphire and Carbuncle Energy Limited, has signed a Memorandum of Understanding with Nexarka Group Energy and Infrastructure Holdings in London as part of efforts to strengthen energy development and attract global investment into Nigeria’s energy sector. The agreement follows the company’s recent incorporation in the United Kingdom, marking a strategic expansion...

Dangote Refinery Hikes Fuel Price to N1,245 Per Litre

22.03.2026

Nigerians and Petroleum marketers are bracing for another round of price increases after the Dangote Petroleum Refinery announced a fresh hike in the price of Premium Motor Spirit (petrol), citing escalating global geopolitical tensions. In a notice sent to marketers on Friday night and obtained by our correspondent, the refinery disclosed that its ex-depot (gantry)...

Uber Cites N6.1bn Driver Earnings Amid Lagos Strike

21.03.2026

Uber Technologies Inc. has highlighted that its platform supports N6.1bn in collective annual earnings for drivers in Nigeria, as app-based transport operators staged a strike in Lagos, the country’s most populous city and commercial hub. The walkout, which began on Monday, continued on Tuesday, and remained ongoing on Wednesday, has affected ride-hailing platforms including Uber,...

Coleman’s backward integration strategy earns industry prais

21.03.2026

Coleman Technical Industries Limited has received praise from the Manufacturers Association of Nigeria for implementing a successful backward integration strategy. In a statement, MAN Director-General Segun Ajayi-Kadir praised the company on Tuesday during a courtesy visit by a MAN delegation to its Sagamu factory in Ogun State, highlighting that the initiative reinforces industrial value chains...

COFAAA Calls for Uniform Cocoa Prices in Africa Amid Losses

21.03.2026

The President of the Cocoa Farmers Alliance Association of Africa, Adeola Adegoke, has called for a harmonised cocoa pricing model across African markets, warning that existing pricing frameworks are failing to deliver meaningful benefits to farmers despite their original intent. Adegoke, in an open letter to cocoa farmers across the continent, lamented that producers continue...

Lagos to host EcoNexus 3.0 sustainability forum

21.03.2026

The Lagos State Government will convene industry leaders, sustainability professionals, and private sector stakeholders at EcoNexus 3.0, a high-level forum focused on unlocking the financial value of climate and circular economy initiatives within industry. The event, themed “Beyond Compliance: Monetising Climate and Circular Actions for Industries,” is scheduled to be held on March 24, 2026,...

Nigeria, UK Customs Deepen Ties on Data Exchange

21.03.2026

The Nigeria Customs Service and His Majesty’s Revenue and Customs of the United Kingdom said both parties have agreed to explore establishing a structured pre-arrival data exchange framework between their respective digital customs platforms to enhance risk management, improve data reconciliation, and strengthen compliance monitoring. The National Public Relations Officer of the NCS, Abdullahi Maiwada,...

ACCI Advocates for a Vibrant Business Environment

21.03.2026

The President of the Abuja Chamber of Commerce and Industry, Chief Emeka Obegolu (SAN), has extended felicitations to the business community in the Federal Capital Territory and its environs, as well as to all members of the chamber, on the occasion of Eid al-Fitr. In a statement signed by the Media and Strategy Officer, ACCI,...

Telecom firms to gain from UAE $1bn AI fund in Nigeria

21.03.2026

Telecommunications companies expect to benefit from a $1bn artificial intelligence fund announced by the United Arab Emirates to bolster digital infrastructure across Africa, with Nigeria a central focus. Industry executives say the initiative could speed broadband rollout, encourage artificial intelligence adoption, and draw more private investment into the country’s rapidly expanding digital economy. “The growing...

Vitel Wireless launches non-expiring data in Nigeria

21.03.2026

Vitel Wireless has expanded its entry into Nigeria’s telecom market with the launch of a non-expiring data service, a move the company says is aimed at addressing long-standing consumer concerns around data loss and pricing fairness.The product, branded “Data Wey No Dey Expire”, allows subscribers to retain purchased data until it is fully consumed, eliminating...