May 2026 – Page 226 – Rise Africa

DisCos Revenue Loss Hits N8bn Despite Efficiency Gains

06.05.2026

Nigeria’s electricity distribution companies recorded a paradoxical performance in February 2026, as improved efficiency metrics failed to translate into stronger revenues, exposing lingering weaknesses in the power sector’s commercial framework. A new commercial performance factsheet released by the Nigerian Electricity Regulatory Commission on Tuesday has revealed that while billing, collection, and recovery efficiencies improved compared...

Business

SEC Flags Weak Sustainability Reporting in Nigeria

06.05.2026

The Securities and Exchange Commission has raised concerns over weak sustainability reporting among Nigerian companies, warning that poor disclosure practices could hinder their access to global capital. The Director-General of the SEC, Emomotimi Agama, stated this on Tuesday in Abuja at the launch of the Nigerian Corporate Sustainability Report by Norrenberger Research. Agama said many...

Emirates Restores 96% of Flight Operations Post-Conflict

06.05.2026

In the wake of disruptions caused by the recent Middle East conflict that led to the grounding of hundreds of aircraft, global airline Emirates has made a strong operational recovery, reinstating 96 per cent of its flight network and pointing to improved stability in international air travel routes. The airline, which was forced to scale...

IATA Report Sparks Scrutiny of High Nigeria Airfares

06.05.2026

The recent classification of Nigeria by the International Air Transport Association as a country with aviation charges above global averages has reignited debate across the sector, casting fresh scrutiny on the cost of air travel in Africa’s largest economy. A statement by the Federal Airports Authority of Nigeria says such a conclusion, though partly valid,...

Court Fines OAU N5m Over Graduate’s Degree Downgrade

06.05.2026

A Federal High Court sitting in Osogbo, Osun State, has ordered Obafemi Awolowo University (OAU) to correct the degree classification of a graduate, Shekoni Jemima Oluwagbemisola, after ruling that the institution unlawfully downgraded her result. Delivering judgment, Justice Adefunmilola Demi-Ajayi held that the university violated the plaintiff’s fundamental rights by altering her grade from “Pass...

Why APC Opted For Consensus In Picking Gov’ship Candidate

06.05.2026

The All Progressives Congress in Gombe State has explained its decision to adopt a consensus approach in selecting candidates for the 2027 general elections, citing the need to strengthen unity and avoid internal conflicts. At the centre of the decision is the emergence of Dr Jamilu Shaiyaku Gwamna as the party’s consensus governorship candidate, following...

NRC & NDE Graduate 86 Technicians in Vocational Training

06.05.2026

The Nigerian Railway Corporation, in collaboration with the National Directorate of Employment, has graduated 86 technicians under its technical and vocational training programme. This development is targeted at reinforcing efforts to boost youth employment and technical capacity in Nigeria. The Managing Director of the NRC, Kayode Opeifa, disclosed that 86 students graduated at the institute’s...

Fiesta Foods adopts cold chain system for food quality

06.05.2026

Nigerian frozen food brand under Sayed Farms Limited, Fiesta Foods, says it is strengthening its cold-chain logistics system as part of efforts to address food quality and safety concerns in the country’s growing packaged food market. This comes as Nigeria’s cold-chain infrastructure remains uneven, with gaps in refrigerated transport and storage contributing to challenges in...

ADC Reviews Nomination Fees Downward

06.05.2026

The African Democratic Congress (ADC) has reviewed its nomination fees for the 2027 general elections, bringing down the presidential nomination fee to N90 million from 100 million previously. Also, the governorship nomination fee is now N30 million, instead of N50 million. The nomination fees for the Senate and House of Representatives are now N10 million...

Lagos clears another batch of retiree benefits

06.05.2026

The Lagos State Pension Commission has cleared another batch of retirement benefits for former public servants, extending a pension reform programme that Nigeria’s commercial capital has used to position itself as one of the country’s more consistent administrators of post-service welfare obligations. The latest disbursement, announced during the 114th Batch Retirement Bond Certificate Presentation Ceremony...