May 2026 – Page 54 – Rise Africa

Crude Oil Prices Drop to $102 Amid US-Iran Peace Deal Hopes

22.05.2026

Oil prices dipped further on Thursday as United States President Donald Trump awaited Iran’s response to the latest US peace proposal. Brent crude fell from around $106 per barrel to $102 on Thursday, while WTI also dropped to $96 from $98 earlier on Wednesday. Iran’s government said it was reviewing the latest proposal from the...

Youth Agribusiness: Exploring Opportunities Beyond Farming

22.05.2026

Experts have urged Nigerian youths to explore business opportunities beyond traditional farming and embrace other segments of the agricultural value chain to drive innovation and economic growth. They gave this advice at “Beyond Farming”, a youth-focused conference themed ‘Exploring Real Opportunities Across the Agricultural Value Chain’, held recently in Lagos. The stakeholders explained that opportunities...

Industrialists push for power sector overhaul in Nigeria

22.05.2026

Although the recent leadership change at the Power Ministry may bring positive momentum to the sector, industrialists insist that a functional value chain, not just a new minister, is key to addressing persistent instability, writes ARINZE NWAFOR The recent leadership change at the Federal Ministry of Power has sparked cautious optimism among manufacturers and small...

Builders Advocate Durable Plumbing Amid Quality Concerns

22.05.2026

As Nigeria’s construction sector continues to evolve, industry players are intensifying calls for improved material quality and modern plumbing systems. This was evident in Lagos during a recent gathering of construction professionals, where Kazeem Royal Properties and Constructions Ltd. emphasised the need for durable and technology-driven plumbing solutions. The event coincided with the inauguration of...

Keyamo Outlines 5 Priorities for African Aviation Growth

22.05.2026

The Minister of Aviation and Aerospace Development, Festus Keyamo, has outlined five key priorities he believes are critical to improving connectivity across Africa, warning that the continent can no longer afford to remain one of the least connected regions in the world. Keyamo made the call in a paper presented on Thursday during the Annual...

Premium Pension’s AUM grows 24%, sustains dividend

22.05.2026

Premium Pension Limited’s Assets Under Management grew by over N328.5bn, representing a 24.2 per cent year-on-year increase to close at N1.67tn in December 2025, declaring a final dividend of N2.96 per share, in addition to an interim dividend of N3.23, marking 18 consecutive years of dividend payouts to its investors. The leading Pension Fund Administrators...

NIMASA Graduates 492 Combat Personnel, Expands Deep Blue Pro

22.05.2026

The Nigerian Maritime Administration and Safety Agency said it has graduated 492 advanced combat personnel and conducted the capability presentation of the Deep Blue Project Task Group. This is even as the Minister of Marine and Blue Economy, Adegboyega Oyetola, announced plans by the Federal Government to expand the Deep Blue Project to vulnerable coastal...

BAT seeks stronger UK-Nigeria trade collaboration

22.05.2026

BAT Nigeria has called for deeper regulatory alignment, policy consistency and stronger public-private collaboration to strengthen trade and investment flows between Nigeria and the United Kingdom. The Director of Corporate and Regulatory Affairs at BAT Nigeria, Odiri Erewa-Meggison, stated this during a Nigerian-British Chamber of Commerce breakfast meeting themed, ‘UK–Nigeria Trade Corridors: Enhancing Bilateral Trade...

Tatum Bank Board Visits Sanwo-Olu, Seeks Collaboration

22.05.2026

The Board and management team of Tatum Bank have paid a courtesy visit to the Lagos State Governor, Babajide Sanwo-Olu, to formally introduce the financial institution and seek strategic collaborations to drive the state’s economic growth. The delegation, led by the Managing Director of Tatum Bank, Mr Niyi Adeseun, commended the administration for its developmental...

FRC Raises Alarm Over Shortage in Nige

22.05.2026

The Financial Reporting Council of Nigeria has expressed concern over the acute shortage of actuarial professionals in the country, revealing that a nation of over 200 million people currently depends on fewer than 30 certified actuaries. Actuarial professionals (or actuaries) are specialists who use mathematics, statistics, economics, and financial theory to assess and manage risk...