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First Bank Promotes Sports, Donates N44m for Facilities

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Bisi Onasanya, managing director/chief executive officer, FirstBank
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First Bank of Nigeria Ltd. in its bid to strengthen sports development and enhance student health and wellbeing through physical recreational activities in secondary schools has donated sporting facilities totalling N44 million to Queens and Kings College Lagos.

The Bank under its corporate responsibility and sustainability initiatives constructed a 450-seater sports pavilion at Queens College and renovated the Squash Court of Kings College as part of its continuous contribution to complementing Government’s efforts by providing educational infrastructure support for Schools across Nigeria.

Mrs. Folake Ani-Mumuney, FirstBank’s spokesperson, said the financial institution’s interventions in the area of sports development reinforce its commitment to boosting the process of developing the minds and abilities of the nation’s future leaders.

“At First Bank, our ultimate goal is to remain a strong supporter of efforts geared towards equipping the youths with the skills required for socio-economic empowerment through support of sports development, youth engagement initiatives, endowment schemes and infrastructure development. Our desire is to see these strategic and need-driven youth empowerment interventions culminate in equipping our Nigerian youths for a bright future,” she said.

At the commissioning and handover ceremony of the squash court at Kings College, Otunba Oladele Olapeju, principal, commended and appreciated First Bank for its support stating that, “the squash court will help its students develop their skills in the game and building a veritable foundation for grooming future world champions.”

Olapeju urged all stakeholders to help provide support for secondary school sports competitions that will facilitate the discovery of talents that would win laurels for the country in international events.

Also speaking at the event, Vice President Kings College Old Boys Association (KCOBA), Barrister Rotimi Aladesanni, commended the First Bank for its gesture and expressed hopes that the facilities will encourage students in the College to be dominant players in the game.

Mrs. E.M Osime, principal of Queens College, also expressed gratitude to the Bank at the launch and handover ceremony of the sport pavilion in Queens College, saying “I am pleased that the project is completed and on behalf of Queens College, we say a big thank you to First Bank for their efforts in investing in this project.”

First Bank has a consistent history of supporting educational projects across the nation. It has invested huge resources to provide better learning facilities in all levels of schools in the country, while boosting endowment and infrastructural development schemes.

Some of FirstBank’s recent infrastructural development schemes include: University of Abuja entrepreneurship center, educational equipment to Quantity Surveying Department ABU Zaria, the Faculty of Social Science Building and Lecture Theater in University of Port Harcourt, as well as the University of Technology Minna.


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UK Appoints Peter Vowles as British High Commissioner to Nigeria

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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.”


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Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

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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.

Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

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.


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PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

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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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