May 2026 – Page 156 – Rise Africa

CIBN Calls for Ethical Rebirth in Nigeria’s Banking Sector

14.05.2026

The Chartered Institute of Bankers of Nigeria has issued a stern warning to financial institutions regarding the surge in insider-related fraud, calling for an urgent return to ethical standards in recruitment and operations. Speaking at the 2026 Annual General Meeting of the CIBN Lagos State Branch, the President and Chairman of Council, Pius Olanrewaju, linked...

Guinness Nigeria Reports N41bn Profit, Focuses on Growth

14.05.2026

Guinness Nigeria Plc has reaffirmed its focus on sustainable growth, operational efficiency, and corporate transparency following a media engagement session held in Lagos. During the engagement, the company highlighted milestones recorded since the start of its strategic reset initiative, including improved profitability, stronger shareholder returns, and a stronger balance sheet. Guinness Nigeria Plc reported net...

AltBank Unveils Pharma Financing Blueprint in Nigeria

14.05.2026

The Alternative Bank has unveiled a comprehensive financing blueprint aimed at building domestic pharmaceutical capacity in a strategic move to dismantle Nigeria’s dangerous reliance on imported life-saving commodities. The initiative comes as a response to a staggering reality: while Africa bears approximately 25 per cent of the global disease burden, it continues to import nearly...

Telcos Invest N2.5tn in Nigeria Telecom Service Amid Complai

14.05.2026

The Nigerian Communications Commission has said mobile network operators and tower companies invested about N2.5tn in network infrastructure and upgrades in 2025 amid growing complaints by Nigerians over dropped calls, slow internet speeds, unstable data services, and network disruptions across parts of the country. The commission disclosed this in a statement issued on Wednesday and...

Nigeria Should Prioritise Competence Over Zoning

14.05.2026

Presidential aspirant on the platform of the African Democratic Congress (ADC), Mohammed Hayatu-Deen, said Nigeria should consider competence and not zoning in choosing its president. Hayatu-Deen is from Borno State, North East Nigeria, and there have been calls for all political parties to zone their presidential ticket to the South, to complete the eight-year tenure...

BRIT Properties to Sponsor Nigerian Athletes for Global Even

14.05.2026

BRIT Properties Nigeria Limited has announced plans to provide international sponsorship for standout Nigerian runners. The announcement was made during the 2026 BRIT Marathon 2.0, a 22-kilometre race held in Lagos to commemorate the company’s 16th anniversary. The event, which saw over 1,350 athletes compete for a share of a $3,500 prize pool, served as...

Nigerian Banks Publish 321,181 Dormant Bank Accounts

14.05.2026

Four banks have published details of no fewer than 321,181 dormant accounts following a directive by the Central Bank of Nigeria, The PUNCH reports. This comes as economic analysts have warned that the CBN directive raises major concerns around customer communication, account reactivation procedures, business failures, and privacy. The published dormant accounts span individuals, companies,...

Nigeria’s Asset Management Sector Set for Consolidation

14.05.2026

The Founder and Director of Pathway Asset Management, Adekunle Alade, has said that Nigeria’s asset management landscape is on the brink of a radical transformation, with a wave of mergers, acquisitions, and exits expected to shrink the number of players in the market significantly. He revealed this during a strategic briefing where he unveiled the...

Fidelity Bank Earnings Jump 45%, Shareholders’ Funds Hit N1t

14.05.2026

Fidelity Bank Plc has reported a 45 per cent increase in gross earnings for the 2025 financial year, as the lender’s shareholders’ funds crossed the N1tn mark following sustained balance sheet expansion and fresh capital injection. Analysis from the audited financial statements for the year ended 31 December 2025, submitted to the NGX on Tuesday,...

ValueJet Focused on Linking Nigeria’s Major Cities

14.05.2026

The Managing Director and Accountable Officer of ValueJet, Omololu Majekodunmi, has said that the airline’s major focus is to improve connectivity among key cities across Nigeria through safe, reliable and customer-friendly flight services. Majekodunmi stated this following the announcement of the airline’s new Lagos-Benin route, which is scheduled to commence operations on May 18. According...