News
Lagos Partners Austria on Economic Infrastructure

Lagos State Government has expressed readiness to partner Austria in areas of mutual interest in order to create investment opportunities, jobs and reduce unemployment.
Mr. Akinyemi Ashade, State commissioner for Economic Planning and Budget, disclosed this on Wednesday at a meeting with the visiting Mrs. Bernadette Gierlinger, Austrian Vice Minister for Foreign Economic Policy and European Integration, at the Secretariat, Alausa.
He emphasized that the present administration was desirous of taking advantage of technology by using the Austria’s vocational studies model to reduce unemployment in the State, adding that the opportunities inherent in solid waste management and transportation, especially the need for the development of rail and water modes of transportation to complement road transport system can jointly be harnessed.
According to the Commissioner, other areas of mutual interest include investments in waste to energy programme which is aimed at encouraging Lagosians to sort and sell their waste products rather than dumping them indiscriminately to degrade the environment.
While noting that about $3billion was required for water development projects in the state, Ashade highlighted the potentials in waste water management which however requires huge investment.
The Commissioner opined that the plan by the present administration to increase electricity supply to every part of the state using solar, wind and hydro plants will go a long way to unbundle the potentials of Lagos, urging the Austrian Government to make haste to partner with the State Government as the investment world is already focusing on the State.
Earlier, Mrs. Bernadette Gierlinger said that Nigeria was one of the economically promising nations, stressing that as soon as electricity and transportation problem improves in the country, Nigeria will be best hub for investment and production activities.
She said her visit was to explore ways to diversify the produce of Austria as well as partner with the Lagos State Government in such areas of mutual interest like construction, tourism, environmental technology, energy efficiency and vocational training which has made Austria one of the countries with the least unemployment rate.
The Vice Minister said she was impressed by the Lagos State Development Plan (LSDP), describing it as a detailed visionary document capable of hastening the development of the State if implemented faithfully.
While commending the Eko Atlantic project as a worthy investment, Gierlinger noted that Lagos and Austria have a lot in common and as such both can share in the experience of each other especially in the areas of urban migration, urbanization and climate change.
Top government officials present at the meeting which is expected to produce a Memorandum of Understanding (MoU) in the next three months include the Commissioner for Wealth Creation and Employment, Mr. Babatunde Durosimi-Etti, his Science and Technology counterpart, Mr. Adeboye Odubiyi and the Special Adviser, Lagos Global Prof. Ademola Abass amongst others.
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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