Rise Africa

Marketers oppose Dangote’s suit on fuel import licences

18.05.2026

A fresh battle has erupted in the downstream oil sector as depot owners and petroleum marketers pushed back against the Dangote Petroleum Refinery’s suit seeking to stop the importation of Premium Motor Spirit (petrol) into the country. While members of the Depot and Petroleum Products Marketers Association of Nigeria said they would not fold their...

Oil Nears $110 as Trump Threatens Strike in Iran

18.05.2026

Oil prices rose to $109.3 on Sunday amid the unending tension in the Middle East, data by Oilprice.com has shown. This was as the United States President, Donald Trump, warned Iran that the “clock is ticking” after talks to bring the war to an end continued to stall. From about $107 a barrel last week,...

Insurers Scramble for N132bn in Nigerian Recapitalisation

18.05.2026

With the July 31 deadline firmly in place, several insurance companies are intensifying efforts to raise fresh capital through rights issues, private placements, mergers, and acquisitions in a bid to avoid regulatory sanctions and possible licence withdrawal, reports JIDE AJIA Across Lagos, Abuja, and other commercial centres, anxiety is rising within the Nigerian insurance industry...

NCCIMA Lauds Dangote’s Pan-African Investment Expansion

18.05.2026

The Director-General of the Niger Chamber of Commerce, Industry, Mines and Agriculture, Adamu Salihu, has described the Dangote Group as a transformative force in Africa’s economic renaissance, saying the conglomerate is “not only industrialising Nigeria, but indeed the whole of Africa.” Speaking ahead of the Dangote Special Day at the 22nd Niger National Trade Fair...

Advertising stakeholders back 45-day media payment rule

18.05.2026

Leading voices within Nigeria’s advertising and marketing communications industry have backed the Federal Government’s directive mandating the settlement of media debts within 45 days, describing it as a long-overdue step toward restoring financial discipline and stability in the sector. The directive, championed by the Minister of Information and National Orientation, Mohammed Idris, has continued to...

Mutual Benefits Targets 48-Hour Insurance Claim Payouts

18.05.2026

Mutual Benefits Assurance Plc has announced a streamlined claims process aimed at providing immediate financial relief to policyholders in a strategic move to redefine efficiency within the Nigerian insurance sector. The company revealed this on Wednesday, May 13, during an official courtesy and strategic engagement visit to PUNCH Nigeria Limited at Punch Place, Magboro, Ogun...

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