News
ICT Can Curb N1.5tri Expended on Education Tourism– Shittu

Adebayo Shittu, minister of Communications, has said that recent commitment of the federal government to the development of Information Communication Technology (ICT) can drastically reduce the huge amount of N1.5 trillion being spent on Nigerian students studying in foreign educational institutions.
He was optimistic that if the Federal Government succeeded in establishing the proposed ICT University of Nigeria, the country will not only develop world- class local capacity, but also reduce the strain on the naira through reduction of foreign currency sourced for the training of citizens outside the country.
The minister said government is prepared to use ICT to foster youth empowerment and development through granting of loans, sponsorships and financial support among other innovative schemes to lucrative business ideas.
The minister made this disclosure at a lecture titled; Jobs Nowhere But Jobs Everywhere: ICT To The Rescue Of Unemployed Youths And Graduates at the Faculty of Law, University of Ibadan at the weekend said about 20 million youths and graduates are currently unemployed.
Stating the acknowledgement of the Buhari’s administration to use ICT as a critical pillar to leverage on job and wealth creation as well as on economy and a critical tool in diversifying the Nigerian economy and recognising the role of ICT in making it a reality, he said, government established one form of ICT infrastructure or the other across the six geopolitical zones.
He disclosed that the plan to build a national ICT Park and Exhibition Centre in Abuja is part of the preparations for the 4th Industrial Revolution is on course. Similarly, and that a plan to “build a $1 billion-dollar ICT company” to boost indigenous technology has been articulated.
Elaborating on the planned ICT University, Shittu said,” We already have the Digital Bridge Institute (DBI) which is for short term training programmes, in six locations across the country and we will transform this Institute into the ICT University of Nigeria. This unique University would by God’s grace take off effectively in September 2017 and would be run as a Public Private Partnership with the best business and entrepreneurship models.
“I have engaged with several stakeholders at the international level, Facebook, Motorola, Ericsson and am still talking to many more stakeholders. We are encouraging them to come and adopt the respective university campuses as their own.
“I am happy to report that this project is receiving a global boost and endorsement. The committee set up has been working round the clock on the realization of this objective, and has indeed submitted its final report on Tuesday 18th July 2017. A Vice Chancellor and other senior officials would soon be appointed.
“The ICT University will be a multi-campus institution of the present Digital Bridge Institute (DBI) of the Nigerian Communications Commission (NCC) located in Abuja, Lagos, Enugu, Kano, Asaba and Yola.”
He said a recent World Bank report revealed that ICT is transforming the world of work, creating new job opportunities and making labour markets more innovative, inclusive and global and accordingly, ICT is influencing employment both as an industry that create jobs and as a tool that empowers workers to access new forms of works in new and more flexible ways.
He added that the ICT sector alone contributed N500 billion into the nation’s economy in 2014 and created about 2.5 million jobs in 10 years. The statistics also show that the sector attracted about $30 billion of foreign investment from 2003 to 2014.
The minister, therefore urged Nigerian Universities to take a cue from what is happening in the Nigerian ICT ecosystem value chain and put their various faculties on the path of growth and prosperity by leveraging on ICT.
He also promised that the government would provide the much needed infrastructure and favourable policies that would create the enabling environment for young people to innovate unhindered in the various start-ups and innovative centres across the country.
“The digital revolution that has the power to transform societies is already underway. Success belongs to those who innovate and seize available opportunities. I want to assure you that I will go talking with development partners home and abroad on the importance of investing in ICT today to leapfrog the nation’s growth for today and the future.
“If we must achieve the desired goal of placing Nigeria on the global ICT mark thereby using it as major tool for job creation, earmarking investment for ICT is not enough. More importantly, we have to decide that we are going to do it by developing and churning out fit-for-purpose youths from our institutions for the exceptional ICT market and opportunities at the global level”, he said.
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-Business2 days agoAI-Powered Cyber Threats Put Nigerian Banks on Alert
E-Business2 days agoCSOs Raise Alarm over Nigeria’s Data Protection Crisis
General News2 days ago₦5m up for Grabs as 10 Startups Clash at the Gathering on 100 Pitchathon Aba
E-Financial2 days agoCBN to Expand eNaira for Salaries, Pensions and Welfare Payments
General News2 days agoCBN Moves to Stop Banks From Using Customers’ Money for Fintech Subsidiaries
Telecom2 days agoNITDA Reveals Why AI Could Be Nigeria’s Biggest Wealth Creator, Not Oil
E-Financial2 days agoCBN to Bar HoldCos from Influencing Banks’ Lending Decisions
Telecom2 days agoNASENI Unveils Ambitious Plan to Produce 600 Million Diagnostic Kits Annually













