News
Nigeria’s Abacha Gave me $2M not $5M – Rawlings Confesses

Former President Jerry John Rawlings has rejected claims that he received $5 million from former Nigerian President Sani Abacha.
Mr. Rawlings while speaking to the Guardian Newspaper in Nigeria, admitted receiving the money from then President of Nigeria, but said it was $ 2 million and not $5 million as alleged.
Mr. Rawlings, who allegedly received the money in 1998, was rebuked by the opposition New Patriotic Party.
The confession by the former president comes at a time when some opposition parties are demanding investigations into the $100,000 Ford gift given to President John Dramani Mahama by a Burkinabe contractor.
Prior to the confession, Mr. Rawlings had failed to confirm or deny the story which was first reported by the Chronicle Newspaper.
Mr. Rawlings’ Ministers at the time, as well as Majority MPs, shot down an attempt by Minority NPP MPs at the time to push for an investigation into the unlawful payments, and a subsequent impeachment of Mr. Rawlings.
In 1998 when the matter of the alleged bribe money from Nigeria broke, the National Democratic Congress (NDC) founded by Jerry Rawlings put up a strong defence for him when the matter was brought to the floor of Parliament for investigations to be conducted into the matter by the then Speaker of Parliament, D.F Annan.
When the minority lead the campaign, their motion was shot down because the Speaker had ruled at the time that the minority did not bring enough evidence to support their call for investigations.
“When General Abubakar took over, I told him to watch out. That that report in the papers about $5million was $2million and not $5million. He didn’t make any comment. He didn’t say anything. Obasanjo took over I thought I should straighten it out with him. The comment he made was: ‘Yes, that is how they behave. When they are given something to take somewhere, they will take the majority, the bigger share.’ That was the comment Obasanjo made,” he said
“I wasn’t used to those things. Otherwise, I could have called Abacha. I don’t even think I even called him over that. Maybe I should have called him to say thank you for the $2million and then he would have called his people to order. You see what I mean? I wasn’t used to money being thrown up and down. Money was not my thing. Yes, we were poor enough as a country, but we were working day and night to making sure we put the country on a solid foundation for economic explosion. We had our pride and our dignity was not out for sale,” he added.
He spoke on other issues about Ghana and the African continent.
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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