News
Millionaires Emerge in FCMB Promo, Commend Bank

Customers and winners in the just-concluded Season 7 of the First City Monument Bank (FCMB) bumper reward scheme, “FCMB Millionaire Promo”, have described the Bank as a friend of the masses.

They also commended the leading lender for constantly rising to the occasion to meet their personal and business needs through various empowerment activities.
Showering encomiums on the Bank, a trader based in Abia State, Chukwudi Akwaeze, said, “winning N1,000,000 in the FCMB Millionaire promo is still like a dream. Now I have enough money to grow my business without having to dip into my savings. I am very grateful to FCMB for capping this year with such an amazing gift.”
Another entrepreneur, Mrs. Victoria Ogunleye, expressed gratitude to First City Monument Bank for changing her story and status. The baker and beads maker resident in Rivers State became a millionaire last month during the grand finale draw of the FCMB Millionaire promo held October 28.
She said, “at the beginning of the year, I received a text message informing me about the promo. I did everything I could to maintain the necessary balance in my account to qualify for the draws. I am thrilled that my commitment finally paid off. I am ending 2021 as a millionaire.”
On his part, Master Dumtochukwu Asapuo, who is seeking admission to Lagos State University (LASU), said, “I started banking with FCMB in September. When I received news of the promo and draws, I ignored it until I got a call on October 28 that I had just won N1 million. I was completely blown away.
Now I have enough funds to pay for my tuition, secure accommodation and focus on my studies when my admission is successful. With FCMB, the future is looking very bright for me.”
Commenting on the promo, the Bank’s Divisional Head for Personal Banking, Mr. Shamsideen Fashola, said, “we are happy to produce another set of millionaires and prize winners. Every year, since 2012, the FCMB Millionaire Promo has touched lives, built, and sustained the commitment to hard work and savings culture for a large number of micro and small business owners.”
According to Fashola, “our customers are the reason why FCMB is in business, and the Millionaire Promo is one of the ways we have empowered them over the years.
Beyond promoting savings culture, our bumper rewards have also inspired past winners to set up businesses that are flourishing. We are proud of our customers and what we have achieved with this much anticipated annual promo”.
FCMB has fulfilled the promise to reward customers who participated and qualified for the Millionaire Promo through six national draws. Ten millionaires emerged from the draws, while 2,300 lucky customers won cash prizes ranging from N10,000 to N100,000 at the end of this year’s promo, which ran from April to October 2021.
The draws took place across various locations in Nigeria, and winners emerged from every region, spread across cities, towns, and neighborhoods all over the country.
News
UK Appoints Peter Vowles as British High Commissioner to Nigeria

The UK Government has announced the appointment of Mr Peter Vowles as the next British High Commissioner to the Federal Republic of Nigeria.

Mr Vowles succeeds Dr Richard Montgomery CMG and is expected to take up his post in Abuja in September 2026. Dr Montgomery remains in post until that time.
Mr Vowles brings extensive diplomatic and development experience to the role, having served as His Majesty’s Ambassador to Zimbabwe from 2023 to 2026 and previously as Ambassador to Myanmar from 2021 to 2022.
He has held senior leadership positions across the FCDO and its predecessor department DFID, including as Transformation Director and Director for Asia, Caribbean and Overseas Territories.
Earlier in his career, Mr Vowles worked in international development across South Asia, Central Africa and East Africa, including postings in Bangladesh, India, the Democratic Republic of Congo and Kenya. He began his career in Zimbabwe, where he worked in education and development.
Peter Vowles said: “I am honoured to be appointed as British High Commissioner to Nigeria. Nigeria is a country of immense importance to the United Kingdom, and I look forward to working closely with Nigerian partners to strengthen our relationship across trade, development and security.”
News
Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

World Bank has ranked the Apapa and Tin Can Island Port complexes in Lagos among the world’s 20 most improved ports in its 2025 Container Port Performance Index (CPPI), released in June 2026.

The ranking places both ports in the “Top 20 Port Improvement Since 2020” category, reflecting significant gains in operational efficiency and vessel turnaround time.
The CPPI is a global benchmark used to assess the efficiency of container ports based on factors such as cargo handling speed, ship turnaround time and overall logistics performance.
According to the report, the improvement highlights ongoing reforms and modernization efforts within Nigeria’s maritime sector.
The Managing Director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, attributed the recognition to ongoing policy reforms and infrastructure upgrades in the sector.
He said the development reflects the impact of economic policies of President Bola Tinubu and the support of the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.
“With the investor-friendly policies of President Bola Ahmed Tinubu providing the impetus for increased investment to drive our port infrastructure and equipment modernisation programme, coupled with the unflinching support of the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, we have all it takes to further enhance trade facilitation, improve competitiveness and boost the national economy,” he said.
The NPA said the recognition is expected to strengthen investor confidence in Nigeria’s maritime sector and enhance the country’s position as a regional trade and logistics hub.
It noted that improvements in port operations are already contributing to increased efficiency in cargo movement and reduced delays at key terminals.
The authority also pointed to ongoing efforts to modernise port infrastructure and expand digital systems aimed at improving service delivery.
Earlier in February 2026, the NPA said the federal government had intensified efforts to position Nigeria as a leading maritime destination through port rehabilitation and modernization projects.
It also highlighted public-private partnership initiatives, including developments at the Lekki Deep Sea Port, as part of broader reforms aimed at improving efficiency and attracting investment.
The CPPI ranking is expected to further boost Nigeria’s maritime profile and encourage additional investment in the sector.
News
PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

As digital payment adoption continues to grow across Nigeria and emerging markets, the next phase will depend not just on innovation, but on the strength, reliability, and trustworthiness of the infrastructure behind it.

While the ecosystem has made clear progress in recent years, trust remains a critical issue for users, businesses, and operators alike. Questions around resilience, security, interoperability and transaction reliability continue to shape how the market evolves and how confidently digital payments can scale.
These issues will be central to the deliberations at Digital Pay Expo 2026, where fintech leaders, payment operators, and other ecosystem stakeholders will gather under the theme, “Seamless Digital: Fostering Pan-African Market Expansion in the Era of AI.”
PalmPay’s participation reflects its continued commitment to building trusted and scalable payment infrastructure, while contributing to the broader industry efforts to strengthen systems, standards, and partnerships needed to support long-term ecosystem growth.
Speaking ahead of the event, Olorunfemi Hanson, Head of Marketing and Communications at PalmPay Nigeria, said: “As the financial services ecosystem continues to grow, trust and reliability become even more important.
“The industry’s next phase will be shaped not only by innovation, but by the strength of the infrastructure supporting it. Digital Pay Expo provides an important platform to address the resilience, interoperability, and trust issues that will shape the future of digital payments growth across Africa.”
The event, scheduled to be held from the 17th to the 18th of June, 2026, will feature Chika Nwosu, Managing Director of PalmPay Nigeria, alongside other distinguished guests, including the Director-General, Payment System Management Department (PSMD), Central Bank of Nigeria. The event will examine how the industry can balance innovation, regulation, and scalability while strengthening trust across the digital payments value chain.
For PalmPay, this event reinforces its role in supporting a more resilient, secure and scalable payments ecosystem for Nigeria and emerging markets more broadly.
E-Financial2 days agoCBN Orders Banks, Fintechs to Host Payment Data Locally
E-Business2 days agoGalaxy Backbone @ 20, Pledges Nationwide Connectivity, Data Sovereignty
Telecom1 day agoMTN Foundation Commits N32Bn in Projects across Nigeria
E-Financial2 days agoAnalysts Warn of Growing “Crowded Trade” in Foreign Exchange Markets
Telecom2 days agoNigeria Innovation Summit 2026 Set to Convene West Africa’s Brightest Minds to Shape the Future of Innovation
News2 days agoPalmPay Joins Industry Leaders @ Digital Pay Expo 2026
E-Financial2 days agoACAMB Kicks-off 30th Anniversary Celebration With Tree Planting Initiative
Telecom2 days agoUK Bans TikTok, Instagram, Facebook for Under-16s in Landmark Crackdown

















