May 2026 – Page 117 – Rise Africa

Nigeria’s Inflation Rate Hits 15.69% on Rising Costs

18.05.2026

Nigeria’s headline inflation rate rose to 15.69 per cent in April 2026, from 15.38 per cent recorded in March 2026, as the surge in food, transport, hospitality, and healthcare costs pushed up consumer prices nationwide. The National Bureau of Statistics disclosed this in its Consumer Price Index report released on Friday. According to the report,...

S&P upgrades Nigeria’s credit rating to ‘B’ amid reforms

18.05.2026

S&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency sovereign credit ratings to “B” from “B-”, citing improvements in the country’s macroeconomic profile, external position, and ongoing economic reforms. The US-based global ratings agency announced the upgrade on Friday while affirming Nigeria’s short-term ratings at “B” with a stable outlook. According to S&P,...

Tinubu reforms lead to Nigeria’s S&P credit rating upgrade

18.05.2026

The Presidency has said the recent upgrade of Nigeria’s sovereign credit rating by S&P Global Ratings reflects the impact of economic reforms introduced by President Bola Tinubu’s administration since 2023. In a statement issued on Saturday by the Special Assistant to the President on Social Media, Dada Olusegun, said the development signals growing confidence in...

Petrol Price in Nigeria Hits N1,413/Litre in Maiduguri

18.05.2026

As tension in the Middle East rages on, the price of Premium Motor Spirit (petrol) reached a high of N1,413 per litre in Maiduguri, Borno State, in April 2026, according to the latest data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The NMDPRA Fact Sheet on the State of the Midstream and...

Akin Alabi, Alao-Akala, Adeyemi, Odebunmi, Orrs Win Oyo APC Reps Primaries

18.05.2026

The All Progressives Congress (APC), Oyo State chapter, has produced its candidates for the House of Representatives across federal constituencies in the State ahead of the 2027 general elections, with several prominent politicians emerging from the party’s primaries held nationwide on Saturday. The party concluded its primaries in most constituencies and produced the following winners:Ibadan...

Ondo Rep, Adefarati Wins Unopposed

18.05.2026

The federal lawmaker representing Akoko South East/Akoko South West Federal Constituency, Hon. Adegboyega Adefarati, has won a second term ticket to the green chamber unopposed. Adefarati, in a Press release on Sunday, signed by the leader of his media team, Olajide Ogbeye, stated that”according to the 2026 Electoral Act, the votes cast for any uncleared...

Mbah Inspects 40km Dual Carriageway, Multiple Projects Ahead Of Inauguration

18.05.2026

Governor Peter Mbah of Enugu State has inspected various major roads and other infrastructural projects executed by his administration, preparatory to their inauguration in a matter of weeks. Projects he inspected include the 40km Owo-Ubahu-Amankanu-Umualor-Neke-Ikem dual carriageway, 14.5km Amechi Idodo-Oruku-Amagunze Road, the New Enugu Smart City, and the Enugu International Hospital on Rangers Avenue, Enugu....

Panic In Ondo APC Secretariat Over Primary Results

18.05.2026

Pandemonium erupted in the All Progressives Congress (APC) secretariat along the Oyemekun road as suspected political thugs disrupted the announcement of the results late on Sunday. Party sources alleged that Hon. Tajudeen Adefisoye, popularly known as “Small Alhaji,” who was screened out from the contest, led suspected thugs to disrupt the APC primary process, triggering panic...

APC Reps Aspirant Alleges Plot To Manipulate Bauchi Primary Results

18.05.2026

An aspirant for the House of Representatives seat for Bauchi Central under the platform of the All Progressives Congress (APC), Salisu Sabo, has warned the party’s electoral committee against alleged manipulation of results in the ongoing party primaries in Bauchi State. Sabo cautioned against the declaration of what he described as an “Unqualified candidate,” insisting...

Why BON Bread Lasts For Months Without Moulding

17.05.2026

…finds no harmful substance The National Agency for Food and Drug Administration and Control (NAFDAC) has reassured Nigerians that BON Bread produced by Food & Food Integrated Company Limited complies with national and international food safety standards, following widespread social media concerns over the bread’s unusually long shelf life. The agency said its investigation was...