May 2026 – Page 3 – Rise Africa

Bitcoin to Naira: Fintech Startup Boosts Transactions

26.05.2026

Monica Cash, a Nigerian fintech platform focused on digital asset solutions, is expanding its footprint within Nigeria’s fast-evolving crypto market with the introduction of its automated crypto-to-fiat conversion service. The platform is designed to simplify Bitcoin-to-Naira transactions, offering a faster, safer, and more dependable alternative to the conventional peer-to-peer trading model, which many users often...

Ultimate Health CEO Wins African Leadership Award

26.05.2026

The Managing Director of Ultimate Health Management Services, Lekan Ewenla, has won the African Health Maintenance Organisation Chief Executive Officer Leadership Award for 2026. According to the organisers of the annual award, the African CEO Leadership Award is aimed at identifying, validating, celebrating, and amplifying “the impact of Africa’s most transformative Chief Executives and Senior...

Cooking gas price nears N2,000/kg ahead of Sallah

26.05.2026

The price of Liquefied Petroleum Gas (cooking gas) is inching closer to N2,000 per kilogramme in different locations as Muslims prepare for the 2026 Eid-el-Kabir celebrations. The Federal Government has declared Wednesday, May 27, and Thursday, May 28, 2026, as public holidays to mark the Sallah festivities. A survey by our correspondent showed that cooking...

CNG Transition in Nigeria Stalls Amid Infrastructure Bottlen

26.05.2026

President Bola Tinubu’s push for cheaper, gas-powered transportation has struggled to gain the expected momentum, as private sector stakeholders identify infrastructure deficiencies slowing expansion, ARINZE NWAFOR reports Nigeria’s adoption of compressed natural gas remains far below expectations, despite aggressive government promotion of the initiative following the removal of the fuel subsidy, private sector leaders have...

OPay Partners Google, Expands N1.2bn Scholarship Programme

26.05.2026

OPay, in partnership with Google, is expanding its N1.2bn scholarship programme to include an Innovation Challenge. The fintech company has officially opened applications for the 2026 edition of the programme, now called OPay Scholars, continuing its N1.2bn, 10-year commitment to supporting education across Nigeria. The expansion is designed to empower students with practical skills, encourage...

Fuel Price Cut Imminent as Oil Falls Amid US-Iran Peace Talk

26.05.2026

Fuel prices may drop in the coming days if oil prices continue to plunge following ongoing peace talks between the United States and Iran. This came as oil prices fell from $111 last week to $97 on Monday morning. The PUNCH had earlier predicted that a major drop in oil prices might be imminent if...

Tantalizers acquires Nigeria’s largest fisheries firm

26.05.2026

Tantalizers Plc has reached a preliminary agreement to acquire Nigeria’s largest indigenous fisheries group in a major move that deepens the emerging foodtainment conglomerate’s diversification into Nigeria’s blue economy. The board of Tantalizers announced in a Sunday statement that it has completed a Memorandum of Understanding with Karflex Fisheries Limited and Karflex Investment Limited to...

FG cancels $717m World Bank power loan amid blackouts

26.05.2026

The Federal Government has cancelled $717.7m in undisbursed World Bank financing for Nigeria’s troubled electricity sector, effectively terminating the remaining portion of a $1.52bn power sector recovery programme amid mounting tariff shortfalls, worsening financial pressures, and persistent implementation challenges across the industry. Documents obtained by The PUNCH from the World Bank website on Monday showed...

NCAA Issues Ebola Alert to Airlines, Airport Operators

26.05.2026

The Nigeria Civil Aviation Authority has issued a public health advisory to airlines, air navigation service providers, and aerodrome operators following the outbreak of Ebola Virus Disease in parts of the Democratic Republic of the Congo and Uganda. In a directive signed by the Director-General of Civil Aviation, Chris Najomo, and obtained by our correspondent,...

Agric, telecoms drive 3.89% growth

26.05.2026

Nigeria’s economy expanded by 3.89 per cent in real terms in the first quarter of 2026 amid a decline in crude oil production, with growth driven largely by agriculture, telecommunications, financial services, construction, and trade activities. Data released by the National Bureau of Statistics on Monday showed that the country’s Gross Domestic Product grew faster...