News
FG Mulls N5000 Cash Transfer to Nigerians through NIPOST

Federal government said it would soon commence the payment of N5000 to vulnerable poor Nigerians in three states, using the newly introduced financial services of the Nigeria Postal Services (NIPOST) for the cash transfer.
The government said the package is under the present administration’s social welfare programme to help the poor and the needy in the society.
Under the new contract, NIPOST is expected to dispense the N5,000 cash to the poor in three states including Nasarawa, Benue and Anambra.
Bisi Adegbuyi, postmaster general and chief executive officer of NIPOST, made the disclosure in Oyo town at the occasion of 2018 World Post Day celebration.
He said NIPOST was able to win the contract due to its innovative programme and use of technology to advance its services to the people across the country.
He said ” For instance, the National Cash Transfer Office which caters for the vulnerable, the poor in the society awarded NIPOST the job to transfer cash to the poor . They give them N5000, every month, and because NIPOST has transformed and leveraging on technology , we were awarded the cash disposal of N5000 in Benue, Nasarawa and Anambra . Who are we serving , we are serving the poor , the post is ready to deliver the goods to bring happiness .”
Present at the celebration are the Alaafin of Oyo , Oba Lamidi Adeyemi represented by the retired archbishop of Methodist Church Nigeria, Ayo Ladigbolu , the Postmaster of the Federation, Barrister Bisi Adegbuyi, the Managing Director of Wema Bank, Mr. Ademola Adebise , former Chairman of First Bank PLC, Rev. Akinboboye, NIPOST Zonal Manager , Mrs Ekeleme Kristie and Vice Chairman, Oyo East Local Government, Hon. Wahab Tajudeen .
Others included top security chiefs, school children, artisans and officials of Wema Bank and Keystone bank.
The Postmaster General in his speech informed the gathering that the present administration led by President Mohammadu Buhari has embarked on people oriented programme to improve the social welfare of the vulnerable poor in the country.
Speaking further on the 2018 World Post Day with the theme ” The Post: Delivering good to the world” , Adegbuyi said ” Its not just a question of NIPOST alone World Post Day is celebrated in 192 countries that belong to Universal Postal Union to bring to the fore the achievement of Post in the past year the agenda they have set for them in terms of renovation and all the likes.”
He further disclosed that NIPOST in its transformation drive has commenced financial services and e-banking to bring financial services to the rural people across the country.
” But why we are here today is to flag off our agency banking in partnership with We a bank and Keystone bank. What is agency banking? It is aimed at bringing basic financial services to the people in semi urban areas and rural area. The financially excluded, the un-banked , the under- bank . They have been estimated to be around 41 percent of adults in Nigeria .
” It is also in line with the sustainable development goals of the United Nations. Governance is not for the rich but for the poor who live in the rural areas. Our people, artisans, women, men, laborers and others should have access to basic financial banking services. We are here to demonstrate to Nigerians that NIPOST has moved beyond mere letter delivery. We are going to financial services, you members of the press have seen it when we demonstrated account opening procedure where you can paid in deposit, you can do withdraw, how you can pay utility bills, WAEC, NECO.
“We also demonstrated that our E-money is ready. We must leverage on technology that trendy everywhere, that is enabling Post Offices who are ready to subscribe to 21st century postal administration.
We are just flagging it off. This is the first location; we will move from one location to the other. Nigeria is a massive country with 180million people. It’s a gradual process,” he said.
Earlier, the Alaafin of Oyo, Oba Lamidi Adeyemi commended NIPOST for its giant strides in recent years, describing the event as very significant in the history of the agency.
Speaking through his representative, Archbishop Ayo Ladigbolu, Oba Adeyemi said NIPOST has remained the only agency that has continued to connect the people, facilitating communication and enabling the people to stay in touch.
” But it has gone beyond that limit, today your money is save if you send it through NIPOST. It is a great pleasure to continue to identify and relate with NIPOST,” the royal father 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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