News
EU to Invest in Renewable Energy in Nigeria

The European Union (EU) is set to invest in entrepreneurial ideas that will boost renewable energy in Nigeria.
Amb. Ketil Karlsen, Head of the EU Delegation to Nigeria and the Economic Community of West African States (ECOWAS), made this known in Lagos during the ‘Green Event’ organised by the union.
Renewable energy is energy that is collected from renewable resources, which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat
Karlsen said the EU would continue to support all efforts toward ensuring that Nigeria meet its target of 30 per cent energy mix by 2030.
The envoy said that the union was enabling communities in Nigeria harness the power of the sun to generate renewable energy.
The EU has set aside 165 million euros (N67.8 billion) for intervention in Nigeria’s energy sector to improve energy access to over 90 million Nigerians and business owners without access to energy.
He said that there was the need to put a spotlight on renewable energy and the need for renewable energies in Nigeria, for a sustainable future.
According to him, already in Nigeria, there is a population of 200 million people, of which at least 80 million people do not have access to clean, affordable and stable energy.
“So already, there is so much to do to have access to energy to provide electricity to hospitals, health facilities, schools and for businesses.
“This is because by the end of the day, without having affordable energy supply, the businesses will not be competitive. They will not be able to compete with other countries.
“We look for investment projects, opportunities to invest in young dynamic entrepreneurs that have the great ideas to boost use of renewable energy.
“So it is about finding the right formula that will allow that development to take place; that will allow that job creation to take place,” Karlsen said.
The ambassador said that ensuring the use of renewable energy should be done in a manner not to undermine the environment.
“It should be done in a manner where we do not add to the already existing climate change in Nigeria and elsewhere.
“So this is the resounding message that we are giving today. Take this matter seriously; listen to the young population; and for everybody to participate in this.
“It is not only for politicians, to show the way.
“It is also for the general population, for each individual, for the families, for the communities and for the businesses to contribute to seeing the provision of clean, affordable, stable energy for Nigerians,” he said.
Karlsen said that the EU would help in developing best practices for renewable energy in the country.
He said that Nigeria had set a quite ambitious target 30 per cent energy mix in 2030, which all must work together to achieve.
According to him, the European Union has also decided that nothing under 32 per cent renewable energy in 2030 is acceptable.
“We are already well on our way. We aim for 20 per cent in 2020 and then we will gradually increase.
“This train has left the station already and those that want to join it; those that want to make business out of the energy sector; they need to keep their eyes open for this,” the envoy said.
According to him, fortunately, we see a lot of creativity, a lot of dynamism here in Nigeria in general and Lagos in particular.
“That is why we wanted to come here today, share notes with all of those vibrant industries and creative people; young people in particular; as this is a matter that we need to continue to take seriously.
“We need to put it on the agenda but we should not just leave it for politicians to solve all the problems for us. We should also contribute,” Karlsen 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.
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