May 2026 – Page 230 – Rise Africa

Fuel Costs Drive Prices Higher

05.05.2026

Higher fuel costs triggered by global tensions have pushed Nigerian firms to raise selling prices to a 16-month high, even as overall business activity continued to expand in April, according to the latest Purchasing Managers’ Index report. The report by Stanbic IBTC Bank and S&P Global said, “The pass-through of increased input costs to customers...

Eid-El-Kabir: Oluwo Distributes Free Foodstuff

05.05.2026

The Oluwo of Iwoland, Oba Abdulrosheed Adewale Akanbi, has distributed over 50 bags of rice to the aged people of the ancient city of Iwo. Oba Akanbi, in his characteristic, visited aged men and women under their respective roofs, not only to identify with them but also to donate foodstuffs for their survival. The distribution...

FG Approves New salary Structure, Condition Of Service For NiMet Workers

05.05.2026

The Federal Government has approved a new salary structure and an updated, enhanced Condition of Service for workers of the Nigerian Meteorological Agency (NiMet) The approvals are contained in a letter, with reference No. 58957/S.2/T1/40, written by the Office of the Secretary to the Government of the Federation (SGF) and addressed to the Chairman, National...

Ekiti, Osun Set To Hold Annual Ancient Ogedengbe Fiesta

05.05.2026

The stage is now set for the hosting of the Annual Ogedengbe Fiesta 2026, a three-day heritage and cultural festival, organised in honour of the legendary Yoruba war hero, strategist, and statesman, Ogedengbe Agbogungboro, who lived between 1822 and 1910. In a statement issued on Tuesday in Ado-Ekiti by Mr Femi Alufa, the Festival Director...

Tinubu Committed To Inclusive, Innovative Devt, Says Bagudu

05.05.2026

The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has reaffirmed President Bola Tinubu’s commitment to inclusive, sustainable, and innovation-driven national development, emphasising that this commitment is essential to achieving his administration’s ambitious vision of a $1 trillion economy by 2030. “Mr President believes that development must include everyone, be sustainable over time, and...

We’ll Partner Media To Promote Responsible Journalism –FG

05.05.2026

The Federal Government said it has always prioritised collaboration with media stakeholders and international partners to promote responsible journalism, counter disinformation and misinformation. Minister of Information and National Orientation, Alhaji Mohammed Idris, in a message to mark the 2026 World Press Freedom Day, described press freedom as a fundamental right guaranteed under the Constitution. The...

FCMB Pushes for Responsible AI Adoption in Finance

05.05.2026

Stakeholders in Nigeria’s financial services and technology sectors have highlighted the growing role of artificial intelligence and digital infrastructure in reshaping the continent’s financial ecosystem. This was discussed at the BusinessDay Fintech Summit 2026, where participants examined how innovation, data, and emerging technologies are influencing financial services and inclusion across Africa. Speaking during a panel...

FG, Others Begin Initiative For Soil Mapping Across 774 Lgas

05.05.2026

The Federal Government, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and other stakeholders have begun a soil mapping initiative in the 774 local government areas of the country. Speaking during the launch held in Abuja yesterday, the Minister of State for Agriculture and Food Security Aliyu Abdullahi said the initiative – the Readiness Assessment for the...

I’ve Been Blacklisted Musically For 13 Years- Seun Kuti

05.05.2026

Grammy-nominated Nigerian Afrobeat musician Seun Kuti has revealed that he was once banned from Nigeria’s music industry for 13 years because of his vocal, protest-oriented style. Seun Kuti made this revelation in a recent interview on the Selah Meditate podcast. According to him, successive Nigerian administrations have marginalised conscientious musicians who criticise poor governance while elevating singers who...

NNPC signs new deal to revamp Warri & P’Harcourt refineries

05.05.2026

Nearly one year after announcing a planned shutdown for maintenance of the Port Harcourt Refining Company, the Nigerian National Petroleum Company Limited has signed a fresh agreement with two Chinese firms to accelerate the long-delayed rehabilitation and commercial restart of Nigeria’s refineries in Port Harcourt and Warri, while opening a new window for technical equity...