May 2026 – Page 154 – Rise Africa

NDPHC & NEMSA Tackle Substandard Electrical Installations

14.05.2026

The Nigeria Electricity Management Services Agency and the Niger Delta Power Holding Company have intensified efforts to curb the deployment of substandard electrical materials and installations across Nigeria’s power sector as part of moves to improve grid reliability and infrastructure safety. According to a statement by the NDPHC, this formed the focus of discussions during...

How to turn your salary into assets for long-term wealth

14.05.2026

Nigerian professionals and salary earners have been urged to move beyond dependence on monthly pay cheques and focus on converting their income into long-term assets capable of generating sustainable wealth. The call was made in Lagos recently at the third edition of the Game of Money Conference convened by financial educator and media personality Tope...

Business

Union Bank Wins ASBON Award for SME Growth Initiatives

14.05.2026

Union Bank of Nigeria has bagged the Best SME Growth Banking Initiatives Award for 2025, reaffirming its reputation as a premier supporter of local commerce. The accolade was presented by the Association of Small Business Owners of Nigeria at the Nigeria National SME Business Awards recently held in Lagos. The award recognises the Bank’s strategic...

Polaris Bank partners to promote its wellness initiative

14.05.2026

Polaris Bank has announced a strategic partnership with the Cyclotron Cycling Development Initiatives, popularly known as the Cyclotron Club, to amplify its flagship “LiveWell by Polaris” wellness initiative. The collaboration, according to the bank, unveiled on Tuesday at its headquarters in Lagos, aims to promote healthy living, preventive healthcare, and overall well-being among employees, customers,...

Nigeria’s Crude Imports Shrink as Local Refining Increases

14.05.2026

Nigeria’s crude oil imports for domestic refining dropped sharply in April 2026, as the Dangote Petroleum Refinery and other local plants received approximately 18 million barrels of crude entirely from domestic sources, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The NMDPRA Fact Sheet for April 2026 shows that out of the total...

Why Funding Alone Cannot Ensure Startup Success

14.05.2026

The Managing Director of Whitecrust Finance Limited, Kingsley Eremionkhale, has said access to funding alone is insufficient to guarantee startup success, arguing that resilience, discipline and operational structure are more decisive factors in determining whether early-stage businesses scale sustainably. Eremionkhale made the remarks while speaking at the TSF Innovation and Business Summit 2026 in Lagos,...

Nigeria port reforms drive cargo traffic growth in Q1 2026

14.05.2026

Driven by ongoing reforms, infrastructure upgrades, and rising exports, Nigeria’s maritime sector recorded stronger cargo traffic in Q1 2026, reinforcing ambitions for regional trade leadership, ARINZE NWAFOR writes The maritime sector recorded strong growth in the first quarter of 2026 as the Nigerian Ports Authority recorded a 19.5 per cent increase in Gross Registered Tonnage...

China Names Nigeria Top African Infrastructure Destination

14.05.2026

China has reaffirmed Nigeria’s strategic importance in its global economic and development partnerships, describing the country as its largest engineering contracting market in Africa and one of its leading trade and investment partners on the continent. The position was made known on Wednesday in Beijing during the opening ceremony of the Seminar for Renowned Nigerian...

Heirs Insurance launches AI to deepen financial inclusion

14.05.2026

Heirs Insurance Group has launched what it described as Nigeria’s first multi-language generative artificial intelligence assistant for the insurance industry, as the company intensifies its push for digital transformation and broader financial inclusion. The new AI platform, named Prince AI, is designed to provide customers with instant responses to insurance-related enquiries, while also enabling policy...

Shettima pledges support for governance institute bill

14.05.2026

The Vice-President of Nigeria, Kashim Shettima, has pledged support for the speedy passage of the Chartered Governance Institute of Nigeria Bill currently before the National Assembly, as well as the ongoing construction of the new National Secretariat of the Institute of Chartered Secretaries and Administrators of Nigeria in Lagos. The Vice-President gave the assurance while...