May 2026 – Page 182 – Rise Africa

Julius Berger Retains Top Construction Award in West Africa

11.05.2026

For the second consecutive year, Julius Berger Nigeria PLC has emerged as the Best Construction and Infrastructure Company of the Year (West Africa). The company announced this in a statement on Saturday, explaining that the award was presented on Thursday in Lagos. “Organised by the West Africa Innovation Awards, the recognition saw Julius Berger outperform...

NECA faults NNPC refinery deal with Chinese firms

11.05.2026

The Nigeria Employers’ Consultative Association has faulted the recent agreement between the Nigerian National Petroleum Company Limited and Chinese firms to revamp and expand the Port Harcourt and Warri refineries, describing it as another opaque arrangement amid unresolved questions over past refinery spending. In a statement issued on Sunday, NECA Director-General Adewale Oyerinde said it...

CBN Tightens Oversight After Banking Sector Recapitalization

11.05.2026

Following banks’ N4.65tn recapitalisation, the Central Bank of Nigeria is tightening governance standards, risk controls, and board accountability to strengthen stability and economic growth resilience, JUSTICE OKAMGBA writes The Central Bank of Nigeria has signalled a tougher regulatory approach for lenders following the completion of the banking sector recapitalisation exercise, as it seeks to strengthen...

Emirates Group posts record $41bn revenue amid challenges

11.05.2026

The Emirates Group has reported its most successful financial year to date, despite significant regional geopolitical challenges, posting a record revenue of AED 150.5bn ($41.0bn) for the 2025–26 fiscal year. The figure represents a three per cent increase over the previous year, strengthening the Dubai-based aviation group’s position in global aviation, driven by network expansion...

Rano Air Cuts Operations Amid Aviation Fuel Cost Crisis

11.05.2026

Domestic carrier Rano Air has announced the temporary suspension of some of its flight operations following the sharp increase in the price of aviation fuel, a development which operators say is placing unimaginable pressure on them. The airline, in a public announcement issued on Friday, said the rising cost of aviation fuel had made it...

Ogun explains diversion of Hajj pilgrims to Lagos

11.05.2026

The Ogun State Government has explained why a batch of intending pilgrims scheduled to depart for the 2026 Hajj from the newly inaugurated Gateway International Airport, Iperu, was moved to Lagos, insisting that the decision was not connected to any safety or operational shortcomings at the airport. The government’s clarification followed a report by The...

NLC Demands Protection for Migrants in South Africa

11.05.2026

The Nigeria Labour Congress has called on the Congress of South African Trade Unions to lead a mass educational and sensitisation campaign across South African communities and workplaces to combat xenophobia and protect migrant workers. In a letter dated May 7, 2026, and addressed to the President of COSATU in Johannesburg, NLC President Joe Ajaero...

How local web hosting can boost Nigeria’s GDP growth

11.05.2026

The Chief Executive Officer of HoganHost and ZuumHost, Joseph Hogan, in this interview with DANIEL AYANTOYE, speaks on the growing concerns around illegal websites and cybercrime, the role of hosting companies in safeguarding digital spaces, infrastructure limitations, foreign competition, and the need for stronger regulation and government support to boost the sector’s contribution to the...

Business

MAN Seeks Steady Crude Supply for Petrochemical Sector

11.05.2026

The Manufacturers Association of Nigeria has called on the Federal Government to ensure consistent crude supply to refineries and petrochemical plants and invest massively in gas supply infrastructure following the Dangote Petroleum Refinery deal with Honeywell UOP to expand petrochemical production. In an interview with Sunday PUNCH, the Director-General of MAN, Segun Ajayi-Kadir, said the...

Nigerian Producers Offer 58.8M Barrels to Local Refineries

11.05.2026

Oil producers in Nigeria have offered about 58.8 million barrels of crude oil to domestic refineries in the second quarter of 2026, exceeding the 55.1 million barrels allocated under the Domestic Crude Supply Obligation framework. The development signals a stronger commitment by upstream oil companies to meet local refining demand amid the expansion of domestic...