General News
Benedict Peters, True Nigerian Export

By Jackson Ugbechie
In a season when some Nigerians are being demonised across the world as agents of crime and criminalities, we cannot but raise our glasses to salute the likes of Adewale Adeyemo, Joe Biden appointee as Deputy Treasury Secretary; Dr. Onyema Ogbuagu, the Nigerian-American medic who was one of the brains behind the Pfizer Covid-19 vaccine.

Benedict Peters
Or Benedict Peters, a Nigerian entrepreneur making waves in Africa and across the world as one who has built an enterprise from the scratch to a billion-dollar multinational.
Remember Kehinde Wiley? He’s a portrait painter of Black people who masterfully painted his way to the White House.
He was commissioned in 2017 to paint a portrait of former President Barack Obama for the Smithsonian National Portrait Gallery which showcases portraits of all the US presidents.
Wiley is the first black artist to paint official portraits of any US president for the National Portrait Gallery.
The list is long. But we must say hello to Dr. Olurotimi John Badero who earned his medical degree from Obafemi Awolowo University, Ile-Ife, Osun State before relocating to the United States where he became a specialist and interventional cardiologist, nephrologist and cardio-nephrologist, ranking as the world’s first and only fully trained cardio-nephrologist.
There are many more Nigerians doing exploits across the globe but the name Benedict Peters strikes a resonance with what portends the greatness of Nigeria.
While others excelled as Nigerians in the White man’s land, Peters is excelling at home and successfully exporting his magical entrepreneurship skills from Nigeria to the rest of the world. He answers the question: can anything good come out of Nigeria?
Yes, many good things have come out of Nigeria, wafting across several seas and mountains to add impactful fragrance to a world in need of heroes.
Peters is one of them. He represents a true Nigerian export. He symbolises the Nigerian spirit of derring-do, chutzpah and unvarnished excellence.
Last month, his company, Bravura Holdings Ltd., made history when it successfully entered into the competitive, capital-intensive and technology-driven platinum mining marketplace of Zimbabwe.
To make good this feat, it shelled out the sum of $1 billion to engage in an industry once dominated by expatriates from Europe, the Americas and Asia.
The beauty of this venture is that Peters, being a genuine pan-Africanist, would be fair to Zimbabweans and other Africans who would be directly or indirectly linked to his enterprise.
Peters would be stamping his big foot on a swathe measuring about 3,000 hectares (7,413-acre) of land in the Selous area, about 80 kilometers (50 miles) south of Zimbabwe’s capital Harare where it plans to dig the mine. Reports said his choice of operational base is close to existing platinum mines.
Having already won the concession, a lot of activities are projected to happen in the next 18 months, explains Lionel Mhlanga, Bravura’s manager in Zimbabwe.
“From where we are now, we will go to resource definition, after that we will go to resource modeling, after mine development and then mine construction. Those are all things that should happen in the next 18 months,” an obviously elated Mhlanga told the media during a tour of the site last month.
The United States Geological Survey lists Zimbabwe as the third largest producer of platinum, only next to Russia and South Africa.
Currently, the Russian-Zimbabwean platinum venture, Great Dyke Investments (GDI), a joint venture (50% parity owned by Russia’s Vi Holding and Zimbabwean investors) is reputedly the biggest platinum mining project in the country with a $2 billion investment outlay. But the Bravura Holding venture represents the new African push for continental integration both in trade and production.
In Nigeria where Peters’ Aiteo Eastern E & P Company is the biggest domestic oil producer, the billionaire oil and gas magnate has demonstrably deployed his wealth to foster development, engender socio-economic growth and improve the nation’s human development index.
From philanthropy to community development and sports sponsorship, Peters’ Aiteo has endeared itself to the hearts of the Nigerian people. Since 2017, when it took over the sponsorship of Nigeria’s longest surviving club football league – The Challenge Cup – now aptly called Aiteo Cup, life has returned to the colourful multi-tier football fiesta, postponed this year because of the Covid-19 pandemic.
This is a pointer to the good times that await Zimbabweans with the admission of Bravura Holding into the exclusive club of platinum and other minerals miners in the country, a club dominated by Russian and Cypriot companies.
Media reports say Bravura is already looking beyond platinum. Zimbabwe is endowed with treasures in her sub-soil and Peters’ company intends to explore mining lithium, rare earth minerals and tin in Zimbabwe.
Beyond that, it’s also seeking to mine cobalt in the Democratic Republic of Congo, copper in Zambia, gold in Ghana and iron ore in Guinea, with eyes on exploring mining opportunities in Namibia and Botswana. Quite a handful! It’s a case of Africa taking back Africa.
For far too long, Africa has left her richly endowed earth at the mercy of the western world. Nigeria has rich reserves of oil and gas which she yielded to western merchants and exploiters.
It was not until Nigeria switched to the next gear in the promotion of local content in the sector that she started the journey of maximizing the benefits of having huge reserves of crude oil and gas.
Though, so much still remains to be done in the aspect of processing and minding the entire value chain, but the entry of the likes of Aiteo into Exploration and Production (E&P) has kindled hope that someday the owners of the resources would effectively process their resources and have full value of them.
Having made a success of his presence in the Nigerian oil and gas sector, Peters’ foray into Zimbabwe mining sector and plausibly into the mining sectors of other African nations is a priceless public relations stunt for Nigeria.
It’s a salute to the industry and illustriousness of Nigerians. When some sections of the global community rise to tar us in evil and despicable coatings, we trot out the likes of Peters and others who by dint of hard work, academic excellence and entrepreneurial acuity have put Nigeria and Nigerians on the global map of achievers, outliers and role models.
- Ugbechie writes from Abuja
General News
PalmPay Supports Nigeria Police Force National Cybercrime Centre 2025 Cybersecurity Awareness Walk

PalmPay, a Nigerian leading digital banking platform, supported the Nigeria Police Force National Cybercrime Centre (NPF-NCCC) during its Cybersecurity Awareness Walk held in Abuja as part of activities marking the 2025 Cybersecurity Awareness Month.

Themed “Secure Our World,” the event brought together key stakeholders from law enforcement, regulatory bodies, and the private sector to promote public awareness on cybersecurity, financial fraud prevention, and safe online practices.
PalmPay joined other participants in advocating for stronger public vigilance and safer digital engagement, reaffirming its commitment to supporting national efforts that enhance cybersecurity and consumer protection.
Speaking during the event, PalmPay’s Managing Director, Mr Chika Reginald Nwosu, commended the Nigeria Police Force National Cybercrime Centre (NPF-NCCC) for its efforts in combating cybercrime and protecting consumers. He emphasised the need for continued collaboration across sectors to build a safe and secure payment ecosystem for all Nigerians.
“We commend the NPF-NCCC for its proactive leadership in driving cybersecurity awareness,” said Nwosu. “At PalmPay, we are committed to supporting initiatives that promote digital safety and foster trust in Nigeria’s growing digital economy.”
At the event, PalmPay was commended for its outstanding efforts in strengthening regulatory engagement and advancing consumer protection initiatives across the fintech industry.
The partnership underscores PalmPay’s ongoing commitment to promoting cybersecurity awareness, consumer protection, and fraud prevention as part of its mission to create a safer digital financial ecosystem in Nigeria.
PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.
PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.
General News
Fidelity Bank Salutes Air Peace for Flying Nigeria’s Flag to Heathrow

Fidelity Bank Plc has congratulated Air Peace on the successful launch of its maiden direct flight from Lagos to London Heathrow, describing the milestone as a significant achievement for Nigeria’s aviation sector and a testament to the power of indigenous partnerships.

The commendation was delivered by Dr. Nneka Onyeali-Ikpe, managing director of Fidelity Bank, during a special event held in Lagos to celebrate the airline’s expansion into the European market.
“This is not just a win for Air Peace, but a win for Nigeria,” Onyeali-Ikpe said. “It reflects the strength of home-grown businesses and the impact of strategic financial support in enabling national champions to thrive on the global stage.”
Nigeria CommunicationsWeek reports that Fidelity Bank has played a pivotal role in Air Peace’s growth, providing early financial backing and advisory services that helped the airline become the largest carrier in West Africa. The bank continues to support Air Peace through payment processing and other financial services
The launch of the London route marks a new chapter for Air Peace, which now joins a select group of African airlines operating direct flights to Heathrow.
The development is expected to boost tourism, trade, and connectivity between Nigeria and the United Kingdom.
Speaking at the event, Allen Onyema, Chairman of Air Peace, expressed gratitude to Fidelity Bank for its unwavering support and reaffirmed the airline’s commitment to excellence and service.
“This partnership has been instrumental in our journey,” Onyema said. “We are proud to fly the Nigerian flag across international skies.”
Industry stakeholders present at the event praised the collaboration between the two companies as a model for sustainable business growth and national development.
General News
After MultiChoice Buyout, Canal+ Eyes Full Ownership of Showmax

Canal+, French media giant, is reportedly eyeing the full takeover of Showmax, the African streaming platform jointly owned with MultiChoice Group.

This followed its recent push to expand across the continent’s digital entertainment market.
The move comes after Canal+ completed its acquisition of MultiChoice to strengthening its hold on Africa’s pay-TV and streaming ecosystem.
With Showmax being a key growth asset under the partnership, industry analysts say a full takeover could give Canal+ end-to-end control of content production, distribution, and subscription revenue in multiple markets.
The acquisition would also align with Canal+’s broader strategy to rival global streaming giants such as Netflix and Amazon Prime Video by leveraging African content demand and localized storytelling.
According to RipplesNigeria, Ayo Balogun, Media and Telecoms Analyst, CardinalStone Partners, while reacting to the move, said: “Canal+’s full acquisition of Showmax would mark a decisive step in consolidating Africa’s digital media value chain.
“With MultiChoice now under its control, Canal+ can fully integrate content, distribution, and streaming into a single monetizable ecosystem—something we’ve not seen before on this scale in Africa.”
Thandiwe Mokoena, Senior Media Strategist, Johannesburg, added: “This move gives Canal+ strategic dominance in both the pay-TV and OTT spaces. It positions them not only as a regional player but also as a continental gatekeeper for premium African content. The competitive pressure on Netflix and Amazon Prime Video in Africa will rise sharply if this takeover goes through.”
Financial markets are closely watching how the potential consolidation could reshape Africa’s media landscape, particularly in terms of valuation, competition law, and licensing rights.
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