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FG Initiates Business Match-Making Data Platform

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Nigerian Government has disclosed plans to establish a match-making data base for international business interconnectivity and stress-free investments.

Geoffrey Onyeama, foreign affairs Minister, told the News Agency of Nigeria (NAN) in Abuja on Monday that the 119 Nigeria missions abroad would serve as one-stop shops to spur investments through information sharing and elimination of bottlenecks.

He said the initiative would enable Nigeria’s products and investors to access the world market easily and also enable foreign investors have unfettered access to informed and genuine information concerning business opportunities in Nigeria.

The minister explained that the scheme would be implemented through a matching-making data base aimed at promoting exports and enhancing the country’s Foreign Direct Investment (FDI).

According to Onyeama, the design is an economic diplomacy which is a framework to address the severe economic challenges facing Nigeria.

He said that Nigeria has representations in 119 countries and the ministry could leverage on the advantage to deliver concrete economic benefit to the nation.

“It is a pet project. It is a matching making data base for our Foreign Direct Investment (FDI) and export promotion.

“So this data base will essentially enable any Nigerian business to upload to our data base that could be managed from Foreign Affairs together with the ministry of trade and investment,” he said.

He said all the information needed about what they want to export and investment types would be readily available in all the119 countries where Nigeria has presence.

“I felt that when we have presence in 119 countries it is fantastic advantage to push Nigerian products and businesses in 119 countries.

“So we would like to present a one-stop shop to export Nigerian goods.

“And that whenever any business is uploaded in each of their countries they have to seek for partners and match that business person with a partner in that country to put in places a business agreement,” he explained.

The minister said he would like same be done in inversely and conversely, so that any foreigner who wants to get involve in business in Nigeria not knowing the country can also upload on the data base.

According to him, such people can access all the information about what they might want to deal in and we together with ministry of trade we match them with Nigerian businesses.

Besides, he said the scheme would also save Nigerian businessmen from going through all kinds of bottlenecks and paying all kinds of fees in foreign countries.

“We feel it that way because we have a lot bottlenecks in a lot of Nigerian businessmen trying to do business outside the country, so many bottlenecks.

“So if we can provide them a very simple access what we call it is market access.

“We have the markets in all these countries, so that our business people and traders have the world at their finger-tips,” he said.

Onyeama said that his ministry was also looking at how to utilise the same method to attract more FDI into Nigeria.

He said that Nigerians in the Diaspora would also be able to utilise the data base to search for partners in Nigeria and other countries.

 


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UK Appoints Peter Vowles as British High Commissioner to Nigeria

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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.”


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Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

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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.

Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

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.


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PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

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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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