General News
Nigerian Insurance firms in Ghana may Face Rejection -Adewuyi
Unless the business parley between Nigeria and Ghana which is expected to hold in August is fruitful, there are indications that Nigerian insurance companies operating in Ghana may face decline soon. According to a Ghana-based Nigerian businessman, the situation the Nigerian or Nigerian-related companies are facing presently does not arguer well for sub-regional business relationship.
According to him, there is growing unease among the Ghanaians that Nigerians are swallowing up their businesses. “The situation is so threatening that apart from companies that are wholly Nigerian, other companies with Nigerian touch, even when in joint partnership with Ghanaians are treated with suspicion and rejection” Asked why the situation has degenerated to this level, Adewuyi stated that Nigerians are smarter business people who are exploiting every business opportunity to the detriment of the home-grown companies.
He explained that in the past two years, over ten Nigerian insurance companies have opened branches in Ghana while some have either bought over or acquired substantial shares in the local insurance companies. This situation, he explained has not gone down well with the average Ghanaian who sees Nigeria businessmen in a scramble to dominate the Ghana business scene with a view to ruining the economy. The businessman advised Nigerians with business interest in that country to look toward the two government parley as their only chance of continued business survival in the old gold coast. It will be recalled that leading telecommunication giant, Glo recently announced its decision to pull out of Ghana due to what it called unfavorable business experience. According to Derek Obuobi the company experienced frustration every where it turned compelling them to pull out of the country even before officially rolling out.
He told business correspondent of Ghanaian Daily Graphic that at every point, we met a brick wall. If it is not some regulators, it is probably from neighbours or some district municipal or metropolitan assemblies’ He added that it was beginning to be quite a source of frustration. Adewuyi advised Nigerians waiting to establish businesses in Ghana to wait until the August meeting between the two countries is finalized.
It would be recalled that Ghanaian minister of foreign Affairs and Regional Integration Alhaji Muhammad Mumuni, gave credence to this recently when his Nigerian counterpart Mr. Henry Ajumogobia paid him a courtesy call in Accra. Nigeria for some time now has banned trade in certain products with Ghana despite her ratification of the West African Protocol on trade liberation, which ensures free movement of goods and services among Member States.
He stated that the current economic realities demanded that both countries worked together in furtherance of integration to reap economies of scale and to enable them to face the challenges of globalization
Shortly after the recapitalization of the Nigerian insurance companies, many local insurers made significant in-roads to some African countries, particularly Ghana. While some established Agencies and branches there, others bought into ailing Ghanaian insurance companies. Leading in this pack is Industrial and General Insurance, (IGI) which acquired 60 per cent controlling shares in Network Assurance Ghana Limited. Adewuyi advised the federal government of Nigeria to b strengthen its economy and make it investors’ friendly, adding that it was the gapping shortcoming in the economy that is encouraging the rush. This he explained was borne out of the fact that the companies must meet investors return occasioned by the renewed interest in the industry following its repositioning and recapitalization.
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 one Africa, alongside the addition of Professor Olayinka David‑West and Dr. 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 One 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 Dr 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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