May 2026 – Page 17 – Rise Africa

Forensic Council Adds Engineering, Tech Regulators

25.05.2026

The Governing Council of the Chartered Institute of Forensics & Certified Fraud Investigators of Nigeria has admitted the Computer Professionals Registration Council of Nigeria and the Council for the Regulation of Engineering in Nigeria as institutional representatives into its council. The institute said the decision aligns with its statutory mandate and recognition that forensic science...

FG, RwandAir Partner to Cut African Export Costs

25.05.2026

The Federal Government has expanded Nigeria’s African Continental Free Trade Area export corridor through a new partnership with RwandAir aimed at lowering cargo costs and opening fresh export routes into East and Southern Africa. The development comes one year after Nigeria launched the Nigeria-East and Southern Africa Air Cargo Corridor with Uganda Airlines as part...

FMDQ Transactions Hit $180.85bn Amid Volume Surge

25.05.2026

Activities in the Nigerian financial markets recorded a massive boost as the total turnover on the FMDQ Securities Exchange hit $180.85bn, driven by an unprecedented surge in transaction volumes across key market segments. The significant growth reflects a major recovery in market liquidity and rising investor confidence, largely driven by ongoing foreign exchange market calibrations...

Adopt Solar Power Like Aso Rock, Says Cleric Olumide Emmanue

25.05.2026

Amid soaring fuel costs and persistent electricity challenges affecting homes and businesses, the Chief Executive Officer of Common Sense Group, Dr Olumide Emmanuel, explains to DARE OLAWIN why Nigerians need to adopt solar energy, following the example of the Presidential Villa. He also discusses the economy, President Bola Tinubu’s reforms, savings, investments, and wealth creation....

FG, Aig-Imoukhuede Foundation push digital reforms

25.05.2026

The Federal Government and the Aig-Imoukhuede Foundation have called for accelerated digital transformation across Nigeria’s civil service, with a push to end manual and opaque governance systems in Ministries, Departments, and Agencies. A statement from the Foundation on Friday stated that President Bola Tinubu, represented by the Secretary to the Government of the Federation, George...

Lagos to Host Major Africa Arbitration Business Conference

25.05.2026

Lagos will host the 10th International Chamber of Commerce Africa Conference on International Arbitration and Alternative Dispute Resolution from June 3 to 5, 2026, as arbitration practitioners, business leaders, regulators, and legal professionals gather to discuss dispute resolution and cross-border commercial transactions across the continent. A statement from the organisers on Saturday stated that the...

NMDPRA Enforces 3% Host Community Fund Contributions

25.05.2026

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has intensified efforts to enforce the Host Community Development Trust framework under the Petroleum Industry Act 2021, ordering operators and licensees in the sector to comply with the mandatory three per cent annual contribution to host community funds, with the introduction of a digital portal aimed at...

Banks Blame Infrastructure, Risks for Low Agric Lending

25.05.2026

Commercial banks have identified high risks, weak infrastructure, and market uncertainties as major factors limiting lending to Nigeria’s agricultural sector despite growing calls for increased financing for farmers. The President of the Association of Corporate Affairs Managers of Banks, Rasheed Bolarinwa, told Sunday PUNCH that although banks recognise agriculture as critical to food security and...

Banks, Fintechs Report 82,143 Suspicious Transactions to NFI

25.05.2026

Banks, fintech firms, insurance companies, capital market operators, and other reporting entities flagged 82,143 suspicious transactions to the Nigerian Financial Intelligence Unit in 2024 amid intensified efforts to detect money laundering, terrorism financing, and other illicit financial activities. The figure was contained in the NFIU’s 2024 Annual Report, which also revealed that the agency received...

Lagos Revenue Hits N2.6tn in 2025, IGR Up 18.5%

25.05.2026

Lagos State recorded a total revenue of N2.6 trillion in 2025, marking a 16 per cent increase from the N2.3 trillion generated in 2024, the Commissioner for Finance, Abayomi Oluyomi, has disclosed. Oluyomi revealed the figures on Friday during a press briefing held in Alausa, Ikeja, as part of activities commemorating the seventh anniversary of...