General News
New PMG to Lead NIPOST’s PPP Arrangement- Shittu

Mr. Adebayo Shittu, minister of Communications, has disclosed that the stringent and prolonged processes in appointing a new postmaster general of the Federation (PMGoF) was to give room for the emergence of a business minded executive to drive the “new” NIPOST.
Although the Postal Reform Bill lying at the floor of the national assembly has yet to be passed into law since 2004 it was first introduced, Shittu appears battle ready to go ahead with postal reforms.
The Minister while address ICT journalists in Lagos said, the Ministry’s priority in revitalizing the post is to ensure that whosoever will occupy the position will be prepared to face the business challenge of the 21st Century post offices.
According to Shittu, “NIPOST is a major player in the Ministry and the industry and catches my interest. It has a very wide network. Because in the 774 local government areas in the country, NIPOST has structures (offices) in 550 LGA. The other areas where the infrastructures are not available, you still find NIPOST services been rendered through agents.
“If you look at all of these, you will see that there is no human being in our society that is not affected by the services of the agencies of the Ministry of Communications”.
The Minister who was speaking with regards to the ICT roadmap recently announced, said, “Nigerians should expect a new, improved and revitalized ICT industry. For instance, I had a tour of few NIPOST offices. We have an acting Postmaster General (PMG) who was supposed to have retired last December. We are adopting a new pattern of appointing a PMG, so we asked him to hang on till the processes are over. We all know that in the past, a new PMG emerges at the expiration of the tenure of the incumbent PMG. In other words, the next man automatically gets promoted.
“But, on assumption of office, we discovered a need to introduce some business minded people to run the Service. If we truly want to revive the NIPOST, we should be looking for business conscious individuals to run it. All we need was to advertise the position.
“Of course, we got the Presidential assent to appoint consultants to assist us in the processes, whether originally staff or NIPOST or not, they will pass through same strict and diligent process to ensure that of all those who applied, the best will be emerge the new PMG. It’s going to be like the practices in the private sector where multinationals want to appoint a chief executive.
“We are doing this to ensure that whosoever will occupy the position will be prepared to face the business challenge of revitalizing the post offices.
“After the appointment, the next phase will be to ensure that we take from companies bricks of promoters under private-public partnership (PPP) arrangement, because in the new posts, we are looking at having call centres as part of the business; banks, internet service providers (ISPs), etc., to help boost the fortunes of the post.
“We will invite companies to apply and manage these services in the post offices and the profits will be shared in a fair manner.
“I want to disagree with the popular saying that government has no business engaging in business, because government has the welfare of Nigerians to attend to. In other words, the government needs resources in optimum quantity”.
According to Shittu, inspite the dwindling revenue from oil, the Nigerian National Petroleum Corporation (NNPC) was not tired of venturing into diverse ways to generate revenue, likewise NIPOST must be repositioned to play vital role in the economy.
General News
Conoil Bonanza Winners Emerge

Conoil Plc is spreading joy this Valentine season as the first group of winners in its Valentine Bonanza promotion have been announced and rewarded. Launched on February 14, the campaign continues to delight customers at participating retail outlets.

The initial raffle draw, conducted on February 21, saw fortunate customers receive ₦10,000 worth of free petrol each. The draw was carried out publicly, with media representatives present to ensure full transparency. With the promotion still ongoing, more customers have the opportunity to join in and potentially be among the next winners.
A Conoil Management spokesperson explained that the initiative is a way to show appreciation to loyal customers for their ongoing support. “Our customers have responded impressively to the bonanza, with strong participation recorded across our stations,” the spokesperson said.
The second and final phase of the promotion is now in motion. Customers who purchase at least 10 litres of petrol at any participating Conoil station remain eligible to win in the grand finale raffle.
The grand finale is set for February 28 at 12 noon. Motorists in Lagos and Ogun states are encouraged to visit Conoil outlets to collect their tickets and take part in the exciting conclusion of this Valentine celebration.
General News
PalmPay Couples Show How Love Is Funded Digitally

PalmPay users took to the #LoveWithPalmPay campaign to show how experiences are powered through seamless banking.

It’s the month of love and social media has been filled with couples showing affection with gifts. As digital payments become embedded in everyday life, the way relationships are planned, funded, and experienced is evolving.
Recent insights from SBM Intelligence 2025 ‘Love in the Air’ report show that despite economic pressures, most Nigerians still set aside dedicated budgets for Valentine’s Day, with the largest percentage planning to spend between N51,000 and N100,000, while less than 5% are willing to spend above N500,000.
This growing intentionality highlights the need for platforms that help people manage their money more effectively, offering features like free transfers and tools that make it easier to send, track, and preserve funds while still showing up for meaningful moments.
Through the #LoveWithPalmPay campaign, PalmPay set out to show how the platform is enabling users to plan, pay, and celebrate meaningful moments with greater ease.
During the Valentine’s season, PalmPay invited couples across Nigeria to share their stories through the #LoveWithPalmPay campaign, celebrating how digital banking supports their individual expressions of love.
The campaign saw strong participation, with many PalmPay couples submitting entries that showcased how they use the app to plan surprises, pay for outings, and stay connected through everyday transactions.
From these entries, four couples were selected, each showcasing how PalmPay has enabled fast and reliable transactions in key moments.
One video from @simply.omotoshan, one of the selected couples, captures the role of seamless payments in making their spontaneous moments possible.
She said in her entry video: “Our cutest money moment with PalmPay was when we planned our Valentine’s picnic and realized we had forgotten half of the things we needed; literally, half of everything. We rushed to the mall to get cakes, food, decorations, and all the essentials. When it was time to pay, we used PalmPay.
“The transaction was smooth, fast, and stress-free. In no time, we were done setting up our Valentine-themed picnic with everything perfectly ready. Honestly, all our experiences with PalmPay have been easy and satisfying, but this one is definitely our cutest money moment. Thank you, PalmPay.”
A testimonial from the fourth selected couple, Mohammed and his wife, reflects his excitement: “Hello PalmPay, thank you so much for selecting us as one of the winners of the #LoveWithPalmPay campaign. We truly appreciate this. My wife and I are very grateful. Thank you, PalmPay, for the love and support. We’re so happy and thankful for the N100,000 reward. We love you, PalmPay, and long live PalmPay. Thank you so much.”
Beyond the feel-good stories, the campaign reflects a broader shift: fintech is no longer just about transactions, it’s about enabling experiences. Reliable payments, fast transactions, and accessible financial tools reduce the friction that can disrupt important moments, allowing users to focus on connection rather than logistics.
From paying for dinner to managing other expenses, PalmPay continues to demonstrate how digital financial services support modern relationships, proving that in today’s economy, love is not only felt, it’s funded digitally.
General News
KPMG Strengthens Africa Leadership to Support Long‑term Growth Across the Continent

KPMG has appointed Tola Adeyemi as Chief Executive Officer for KPMG in Africa, alongside the addition of Professor Olayinka David‑West and George Njenga as independent members of the Africa Governance Council (AGC).

Effective from March 2026, the appointments reinforce the firm’s leadership expertise, underscore a long‑term commitment to Africa and highlight confidence in the continent’s growth potential.
“Africa is one of the most dynamic and promising regions in the global economy, and KPMG is committed to playing a meaningful role in its growth story,” said Tola Adeyemi, incoming CEO for KPMG in Africa.
He continued: “It is a privilege to step into this role at such a pivotal moment for both KPMG and the continent. I look forward to building on our strong, connected and high‑performing base to deepen collaboration and deliver consistent quality and impact across our markets.”
KPMG is recognised globally for its commitment to quality, integrity and professional excellence, supported by a strong global network of member firms. Trust remains the foundation of the audit and accounting profession, with high standards of governance, ethics and audit quality increasingly demanded across Africa’s public and private sectors.
KPMG One Africa’s approach brings the continent closer together with strong leadership to strengthen cross-border collaboration and offer shared expertise and consistency which is business‑critical to help clients navigate complex risks and unlock sustainable growth opportunities.
Commenting on the appointment, Professor Ben Marx, Chairman of the Africa Governance Council, said: “Tola Adeyemi is exceptionally well positioned to lead KPMG One Africa. In addition to his global perspective as a member of the KPMG Global Council, he brings significant influence and credibility as a respected business leader across the continent.”
The appointments of Professor David‑West and Mr Njenga to the Africa Governance Council, which provides board level governance, further strengthens independent oversight, bringing strong academic credentials alongside deep strategic and business expertise.
“These appointments reinforce KPMG’s commitment to strong governance, accountability and leadership depth,” Marx added. “They complement our established African leadership team, in‑country managing partners and regional senior partners, further enhancing our client‑centric approach across Africa.”
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