News
Over 20 Nigerians to Receive 2016 IIMCD Infrastructure Development Awards

Twenty-seven prominent Nigerians are nominated to receive IIMCD Infrastructure Development Awards and Honours on Thursday.
The only infrastructure development focused award is organised biennially by Initiative for Infrastructure and Modern City Development (IIMCD).
The awards honour the long-standing careers and influences of past Nigerian Presidents, Head of States, past and present Governors and Local Government Chairmen and other public servants.
The award also recognises the efforts of private individuals or groups and international organisations supporting infrastructure development in Nigeria.
The awards recognises, infrastructure projects underway, ongoing and completed in Oil and Gas, Real Estate/Urban Regeneration, Transportation, Road Construction, Education, Health, Power, Information Communication Technology, Sports and Security.
The maiden edition of the biennial event was first held at the Transcorp Hilton Hotel, Abuja on the 17th of October 2010 and the second edition at the Royal Artis Zoo, Amsterdam, Netherlands on the 14th of November, 2012 used as a platform to promote Nigeria’s Infrastructure Master Plan and drive infrastructure investments into Nigeria. For the event not to be seen as a platform for election campaigns, the 2014 edition was put on hold.
The 2016 IIMCD Infrastructure Development Awards and Honours was initially scheduled to hold in Lagos for the first time alongside the InfraNigeria Dialogue on Sports but was moved to Abuja to enable organisers achieve its objective of ensuring maximum representation of the Federal Government as its participation is key and relevant to the theme of the event “The Infrastructure Master Plan Imperatives”.
The award categories include: Highly Commendable Construction Company Award, Corporate Social Responsibility Award, One Act of Random Kindness Philanthropic Gesture Award, Highly Commendable Infrastructure Development Supporting Bank, Highly Commendable Supporting international Institution/Organisation.
Others are, Best Public Private Partnership Deal, Highly Commendable Infrastructure Developer Young Business Person Award, Infrastructure Developer Young Business Person Award, Highly Commendable Infrastructure Developer Business Person Award, Infrastructure Developer Business Person of the Year Award, Best State Governor initiative in Modern City Development Award, Highly Commendable Infrastructure Developer Person Award (State Governor) Infrastructure Developer Person of the Year Award, Life time achievements Awards.
The organizers disclosed the criteria used in the selection process for projects underway, ongoing and completed includes; Investment in people and human development, Capacity building and knowledge transfer, Job creation, Environmental preservation, Good corporate citizenship, Sustainable community development, Innovation, Public Private Partnerships, Communications and promotion of activities.
IIMCD doesn’t consider only the financial aspect and structuring of infrastructure project deals, but also assess how an infrastructure programme is been delivered in terms of: Financial/PPP Innovations ,the use of local resources – human and capital, Positive impact on the local community both social and economic, Consultation with key stakeholders, Consideration of sustainable development environmental concerns, Promotion of regional integration and Particular challenges and obstacles overcome.
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.
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