May 2026 – Page 73 – Rise Africa

APGA ’ll Provide Level Playground For All Aspirants –Opara

21.05.2026

Mazi Ejimofor Opara is the National Publicity Secretary of the All Progressives Grand Alliance (APGA). In this interview with OKEY MADUFORO, he speaks on the outcome of the party’s recent zonal stakeholders meeting and the code of conduct ahead of the primary elections The recent zonal stakeholders meeting of the All Progressives Grand Alliance was...

Nigeria tackles traffic congestion with new China partnershi

21.05.2026

The Intelligent Transport Systems Society Nigeria has signed a Memorandum of Understanding with the China Intelligent Transportation Systems Association to advance smart mobility solutions across Nigeria and strengthen bilateral cooperation in transport technology. The agreement was signed in Xiamen, China, on the sidelines of the 2026 China International ITS Industry Expo held recently at the...

NMDPRA insists on regulatory compliance in free trade zones

21.05.2026

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has declared that petroleum companies operating in free zones, export processing zones and other designated areas in Nigeria remain fully subject to the provisions of the Petroleum Industry Act 2021 and regulations issued under the law. The regulator stated this in an industry circular released recently. Free...

Manufacturers Switch to Gas Amid Rising Diesel Prices in Nig

21.05.2026

Manufacturers are increasingly embracing natural gas as rising diesel prices continue to pressure production costs and profitability across Nigeria’s industrial sector. This was disclosed during a business and investment forum organised recently by Shell Nigeria Gas in Port Harcourt, Rivers State, where stakeholders across the energy and manufacturing sectors explored opportunities to reduce operating costs...

10 Nigerian Firms Get $560k for Extreme Heat Solutions

21.05.2026

Ten Nigerian firms have secured a combined $560,000 in funding under the inaugural cohort of the TECA Heat Action Wave programme aimed at accelerating solutions to extreme heat across the country. The programme, launched by BFA Global, FSD Africa, ClimateWorks Foundation, and the United Kingdom’s Foreign, Commonwealth & Development Office, Nigeria, selected 10 early-stage ventures...

UBA GMD, others receive prestigious ICAN awards

21.05.2026

The Group Managing Director and Chief Executive Officer of United Bank for Africa, Mr Oliver Alawuba; the Governor of Niger State, Mohammed Bago; and the Accountant-General of the Federation, Dr Shamseldeen Ogunjimi, have been honoured by the Institute of Chartered Accountants of Nigeria at its 2026 Annual Dinner and Awards Night. The eminent Nigerians bagged...

Fiscal, FX reforms push Nigeria’s credit rating higher

21.05.2026

Nigeria’s fiscal and foreign exchange reforms that improved external reserves, increased FX liquidity, and strengthened confidence in the economy have prompted an upgrade of the country’s sovereign credit rating, among other economic gains, ARINZE NWAFOR writes Nigeria’s ongoing economic and financial sector reforms have received renewed international recognition following the recent decision by S&P Global...

ADFD Reports Progress on Road Projects in Nigeria & Africa

21.05.2026

The Abu Dhabi Fund for Development says it continues to monitor implementation progress across its development projects in Africa, as part of efforts to ensure delivery in line with approved frameworks and to support infrastructure development in partner countries. The Fund said in a statement on Tuesday that its key projects on the continent include...

Zichis Agro Maintains Strong Equity Fundamentals, Says Direc

21.05.2026

The equity fundamentals of Zichis Agro-Allied Industries Plc remain robust and growing, despite recent equity price volatility on the local trading floor. The Executive Director, Finance and Strategies, Chris Ogbaisi, stated this while disclosing that the firm is aggressively ramping up production capacity and expanding its land bank, with animal feed production scaling up to...

US stocks retreat amid renewed inflation concerns

21.05.2026

Wall Street stocks retreated early Tuesday as analysts pointed to angst over inflation pressures as the prolonged Middle East war kept oil prices high. Equities had until recently “shrugged off the effects of higher yields”, Interactive Brokers’ Steve Sosnick said of increases in bond yields. “After pretending this was not a problem, I think (the...