Rise Africa

Access Bank FX Liquidity to Cover $1bn Debt

20.05.2026

Access Bank Plc possesses adequate foreign currency liquidity to comfortably service its looming $1bn external debt obligations maturing later this year. Global credit rating agency Fitch Ratings disclosed this in its latest institutional credit assessment, where it also affirmed the bank’s Long-Term Issuer Default Rating at ‘B’ with a Stable Outlook. The financial institution faces...

NIMASA enhances maritime security in Nigeria via partnership

20.05.2026

The Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Dayo Mobereola, has stressed the agency’s resolve to strengthen its partnership with other security agencies in the country to tackle insecurity in Nigeria’s territorial waters. The NIMASA boss stated this on Tuesday at the Deep Blue Maritime Operational Sea Demonstration and graduation ceremony held...

AXA Mansard & Lagos Partner for Child Protection in Lagos

20.05.2026

AXA Mansard Insurance Plc has partnered with the Lagos State Domestic and Sexual Violence Agency to deepen public awareness and prevention of domestic and sexual violence against children across local communities in the state. The initiative forms the core pillar of the 2026 AXA Week for Good, a corporate social responsibility drive held under the...

Nigeria Oil Firms Surge Under Local Content Policy

20.05.2026

Oil operating firms in Nigeria have increased from fewer than 10 before the implementation of local content policies to about 117 currently, as local content performance rose from less than 5 per cent in 2010 to 61 per cent in 2025. The development was disclosed on Tuesday at the 2026 Nigerian Oil and Gas Midstream...

South African Investors Eye Stakes in Dangote Refinery

20.05.2026

South Africa’s leading pension and investment institutions are eyeing investment opportunities in the Dangote Petroleum Refinery and Petrochemicals following a high-level visit to the facility. According to a statement by the company on Tuesday, the delegation from the South African Government Employees Pension Fund, the Public Investment Corporation, and Alterra Capital Partners toured the Dangote...

Tanzania allocates $109m for Air Tanzania expansion

20.05.2026

The Tanzanian government has allocated $109m to support the expansion and operational improvement of Air Tanzania Company Limited in the 2025/26 transport budget. According to budget documents presented to parliament by the Minister of Transport, Makame Mbarawa, on 13 May, the national carrier will receive $71.5m for aircraft acquisition, procurement of spare engines, and rehabilitation...

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