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Card Expo-Africa Key to African Renaissance in e-Payment-FG
Remi Babalola, minister of state for finance, has said that the Card Expo Africa 2008 has been specially tailored to focus on how Africa moves towards developing the African renaissance by instituting financial systems hinged on large cross-border electronic payment models.
He spoke at the just concluded 2008 edition of Card Expo Africa Conference, with the theme ‘Succeeding with Cards Profitably’ in Lagos and harped on collaborative partnership among all players in the utilization of electronic payment cards.
The Card Expo Conference organized by Intermarc Consulting Limited, is an annual event that emphasizes how African institutions and businesses can leverage on the rapidly increasing growth in the card and e-payment industry to add value profitably.
According to him, ‘there are up to seven different electronic payment channels in Nigeria namely Automated Teller Machine (ATM), Point of Sales Terminals, Mobile, Voice, Web, Interbank Branch and kiosks; and e-payments initiatives have been undertaken by indigenous firms, being stimulated by improvement in technology and infrastructure’.
Babalola added that developed countries have witnessed a shift towards electronic payment than any other mode, which has facilitated convenient, easy and fast business transactions; and that the Nigerian Vision 2020 will not be realized unless Nigerians begin today, to embrace electronic payment and reap its benefits.
‘Technological innovation has made more efficient, ICT-enabled payments system more accessible by removing the cost barriers’, said James Olekah, director, banking operations department, Central Bank of Nigeria.
He said that the removal of the cost barriers has facilitated the proliferation of non-banking organizations in the payment system landscape in Nigeria which as a result, has driven international payments and improved trade tremendously.
He acknowledged an increase in the number of organizations accepting electronic payments in the country, as people are getting more educated and sophisticated being aware of the benefits of e-payment in terms of timeliness and efficiency; identifying examination councils and institutions of learning as major beneficiaries of e-payment in Nigeria.
Electronic payment of government suppliers, Person to Person payments through the mobile telephony infrastructure, electronic collection of individual and corporate taxes, Automated Clearing House direct debit of consumer bills payments, according to Olekah, are the key initiatives outlined for implementation in the Payments System Vision 2020.
In his address, the chief executive officer, National Sports Lottery Plc, Dr. Odunlami Kola-Daisi noted that the west has recorded success with the use of electronic cards; stating that cards keep money in banks where they belong for effective redistribution to areas where it is needed.
Commending the Point of Sales (PoS) terminals for being the channel that most contributes to ‘cashlessness’ in today’s world, he acknowledged the security benefit of carrying cards instead of cash; as there will be a reduction in the rate of robbery and better tracking of people’s movement by government.
Speaking on the future of e-payment in Nigeria, Aigboje Aig-Imoukhuede, group managing director, Access Bank Plc, said ‘Increasing reliability in services from major telecom companies: PoS, Internet and Mobile payments service providers; set the stage for even steeper upward trends in e-payment operations in Nigeria and Africa. The statistics for Nigeria alone mirror the emerging trends in Africa, underlining the reality that the focus on e-payment solutions must be sustained as a strategic imperative by all stakeholders in the payments system.’
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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