May 2026 – Page 55 – Rise Africa

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...

Lagos e-Call-Up System Registers 28,000 Trucks

22.05.2026

The Lagos State Government has disclosed that over 28,000 trucks have now been registered under the Lekki-Epe electronic call-up system introduced to regulate truck movement around the Dangote Petroleum Refinery, Lekki Deep Sea Port, and Lekki Free Zone corridor. The government added that about 11,000 transport operators have also registered under the initiative as authorities...

Orijin Renews Sponsorship of Ojude Oba Festival 2026

22.05.2026

Orijin, an alcoholic beverage brand under Guinness Nigeria Plc, has announced its return as the official alcohol sponsor of the 2026 Ojude Oba Festival for the second straight year, further strengthening its influence on contemporary cultural expression and experiences. Beyond sponsorship, Orijin said in a statement that it is taking an active role in shaping...

FAO Pushes Sustainable Banking i

22.05.2026

The Food and Agriculture Organisation has intensified efforts to promote deforestation-free finance in Nigeria, chiefly on cocoa and oil palm production in the Niger Delta region. The initiative formed the focus of a two-day workshop held in Lagos from Wednesday, with the theme, ‘Advancing Deforestation-Free Finance in Nigeria’s Banking Sector: From Roadmap to Implementation.’ The...

ECOWAS Deepens Cross-Border Cooperation to Boost Trade

22.05.2026

The Economic Community of West African States has intensified efforts to strengthen cross-border cooperation among member states as part of broader measures aimed at boosting regional trade, improving security coordination, and accelerating economic integration across West Africa. The Director-General of the National Boundary Commission, Adamu Adaji, represented by the Head of Cross Border Cooperation, Dr...

Consolidated Hallmark Grows Revenue 47%, Declares 25k Divide

22.05.2026

Consolidated Hallmark Holdings Plc has reported strong operational growth for the 2025 financial year, with its insurance revenue rising 47 per cent to N43.27bn, just as the company proposed its highest dividend payout since inception. Speaking at the company’s 3rd Annual General Meeting held on Thursday in Lagos, the Chairman, Shuaib Idris, said the group...

Seplat Energy Approves 2025 Dividend, Eyes Growth

22.05.2026

Dual-listed indigenous energy giant Seplat Energy Plc has entered an aggressive new phase of corporate expansion, backed by an enormous cash-generation strategy and a historic return of value to its investors. At its 13th Annual General Meeting held virtually from Lagos on Wednesday, 20 May 2026, shareholders approved the company’s 2025 audited financial statements and...

FG, Meta Launch AI Chatbot for Public Services in Nigeria

22.05.2026

The Federal Government has partnered with Meta to launch GovGuide Nigeria, an artificial intelligence-powered chatbot designed to provide Nigerians with easier access to information on government services in multiple local languages. The launch was announced in a statement issued on Thursday by the Federal Ministry of Communications, Innovation, and Digital Economy, following the unveiling of...

AI Adoption Risks: ipNX Nigeria Warns Industries

22.05.2026

Technology company, ipNX Nigeria, has warned industries against excessive dependence on artificial intelligence without first putting in place reliable systems, quality data, and sustainable digital infrastructure. The caution was given during the 2026 edition of the IoT West Africa Conference and Exhibition held in Lagos, where industry stakeholders gathered to discuss the future of digital...

Wema Bank Conserves Capital for Future Acquisitions

22.05.2026

The Managing Director and Chief Executive Officer of Wema Bank Plc, Moruf Oseni, has hinted at a major structural transformation aimed at breaking into Nigeria’s tier-one banking league, indicating that the bank is intentionally retaining capital to fund future strategic acquisitions. Oseni made this disclosure while addressing shareholders at the bank’s Annual General Meeting held...