May 2026 – Page 206 – Rise Africa

Dangote eyes London listing for cement business expansion

08.05.2026

Africa’s richest man, Aliko Dangote, is considering listing part of his cement business in London in what could become one of the biggest international market moves by a Nigerian industrial group in recent years. The proposed listing is expected to deepen access to global capital, attract large institutional investors, and strengthen the international profile of...

Ogun pilgrims stranded as Saudi airline shuns new airport

08.05.2026

Despite the multi-billion naira investment in the Gateway International Airport, hundreds of Ogun State pilgrims heading to the Holy Land of Makkah for the 2026 Hajj were left stranded after Saudi airline, Flynas, allegedly declined to operate from the newly built airport in Iperu. President Bola Tinubu commissioned the airport on April 4, 2026, with...

NEPZA & NAFDAC Tighten Oversight on Nigeria’s Free Trade Zon

08.05.2026

The Nigeria Export Processing Zones Authority and the National Agency for Food and Drug Administration and Control have agreed to strengthen joint monitoring of pharmaceutical products, food items, and consumables produced within the country’s free trade zones amid growing concerns over fake and substandard products infiltrating Nigerian markets. The decision was reached during a courtesy...

Only 7 States Fully Implement Pension Reforms, Says PenCom

08.05.2026

The National Pension Commission has said that only seven states and the Federal Capital Territory are fully implementing pension reform laws despite widespread adoption of contributory pension frameworks across the country. The Director-General of the National Pension Commission, Mrs Omolola Oloworaran, disclosed this on Thursday in Abuja during the maiden edition of the bi-annual consultative...

Customs push digital reforms to boost trade efficiency

08.05.2026

The Nigeria Customs Service has intensified efforts to drive its ongoing digital transformation agenda, seeking stronger media collaboration to boost public understanding and acceptance of its Trade Modernisation Project aimed at improving trade facilitation, revenue generation, and border security. The Comptroller-General of Customs, Adewale Adeniyi, stated this on Thursday during the opening ceremony of a...

Lagos electricity regulator licenses 14 new operators

08.05.2026

The Lagos State Government, through the Lagos State Electricity Regulatory Commission, has reaffirmed its commitment to deepening smart regulation and strengthening the Lagos electricity market. This came as the commission issued licences to 14 operators in the state electricity value chain. Speaking on Thursday at LASERC’s maiden Stakeholders’ Engagement Forum in Ikeja, the Chief Executive...

FCMB offers zero-interest loans to women entrepreneurs

08.05.2026

First City Monument Bank has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to N10m to women entrepreneurs to improve access to working capital and support business growth. The bank said in a statement on Tuesday that the facility provides loans ranging from N500,000 to N5m under a...

Reps Slam NCC Over Poor Telecom Services in Nigeria

08.05.2026

Nigeria’s House of Representatives on Wednesday criticised the Nigerian Communications Commission over what lawmakers described as weak regulatory oversight, blaming the agency for the persistently poor quality of telecom services across the country. The lawmakers said the regulator had failed to effectively enforce standards that would compel service providers to deliver reliable connectivity, warning that...

The Key to Business Growth Beyond Salary

08.05.2026

Treating employees well is a hallmark of a reputable employer. It forms a relationship, trumping contracts and mixing with a layer of shared experience, to the benefit of the business venture, ARINZE NWAFOR writes You cannot win over a worker with just a salary. These modern times make it particularly challenging to win over a...

Honeywell Foundation Expands Ogun Varsity Infrastructure

08.05.2026

The Oba Otudeko Foundation, Honeywell Group’s social impact vehicle, has delivered a 2,400-square-metre administrative complex at Olabisi Onabanjo University’s main campus in Ago-Iwoye, Ogun State, aimed at strengthening institutional capacity. The facility, now operational, houses key administrative units and is expected to improve coordination, operational efficiency, and service delivery across the institution, according to a...