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Over 100,000 Farmers Benefit from Social Lender-OCP Africa Collaboration

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As part of efforts to alleviate the suffering of Nigerians in the rural communities during the Covid-19 crisis, over 100,000 smallholder farmers have got personalized financial services, even as Social Lender – a fintech company and OCP Africa – one of the largest fertilizer companies in Africa are working together.

More than 60% of smallholder farmers in Nigeria do not have Bank Verification Number (BVN) and are currently unbanked or under-banked. To alleviate this problem, Social Lender has collaborated with OCP Africa to bring financial services to Nigerians especially those in the value chain.

Millions of smallholder farmers lack BVN. It is one of many indicators of the absence of financial inclusion. This has led to a lack of economic inclusion and poverty among these farmers and other stakeholders.

Caleb Usoh, the Country Manager, OCP Africa Fertilizers Nigeria, said that the aim of the partnership “is to ensure financial inclusion of a larger percentage of smallholder farmers in the country through BVN registrations and financial literacy training”.

According to him, the collaborative effort will alleviate their sufferings and help them to improve their lives.

He added that the collaboration with Social Lender would help to prepare the farmers to gain access to competitive financial services provided by top institutions in Nigeria and beyond, and help improve their livelihood.

Explaining how the partnership was formed with Social Lender, Usoh said the company emerged as one of the winners of the prized grant of the OCP-supported Impulse Start-up Accelerator challenge fund programme.

“This has boosted the partnership and is reflected in the increased number of beneficiaries who have accessed the services on offer”, he said.

The partnership would allow Social Lender the opportunity to leverage OCP Africa’s existing 51 retail input distribution hubs called the One Stop Shop, which is spread across rural farming communities in Nigeria.

Social Lender would provide several services to the farmers which include a series of financial literacy training, financial inclusion through the creation of BVN accounts, mobile money and credit profiling as well as helping the farmers to obtain small scale loans.

Faith Adesemowo, the Chief Executive Officer of Social Lender, reiterated the importance of the partnership by inviting other organisations interested in serving the huge market segment to collaborate with Social Lender. She informed that her company “is currently building a low cost distribution infrastructure” model needed to serve the unbanked and under banked.

“We are building an innovative solution to serve this market effectively. The Social Reputation score is our main asset. For the offline market, we have started with a pilot in 2018 with CGAP, a division of the World Bank. Working with EFINA, we have scaled to six states including two Northern states. With OCP Africa partnership, we will add 31 locations and cover 14 states,” she said.

Adesemowo said the company is a fintech that works across all industries. “We have just chosen to have a strategic focus in agriculture due to the fact that a large number of the financially excluded are a part of this demography. Social Lender may someday become a full agritech but for now, we are fintech working in agriculture”, she said.

The Chief Operating Officer of Social Lender, Mudiaga Ogboru said that partnership with OCP has further unlocked the value in the agricultural value chain, as more farmers have gained access to formal financial service like agro-loans, equipment leasing financing, fertilizer on credit, quality seeds and other agro-necessity.

“We are building a network for trust, credit and much more. For us, financial literary is the bedrock for financial inclusion and economic inclusion. We have built a robust financial literacy curriculum that is sufficiently equipped and digestible to the farmers because it is communicated in a language that is most comfortable for the farmers,” he said.

Many farmers have already benefited from the partnership. One of them, Jibril Mansur, from Kaduna, lauded the initiative. He has joined the financial ecosystem programme because it was brought to his community.

Hajiya Aisha, another beneficiary from Kano expressed how the opportunity has changed her life. She is currently gradually being upgraded from an unbanked customer with no bank account, BVN, and access to credit into the formal financial system. “This is a level 10 on Social Lender’s digital financial inclusion journey”, Ogboru explained.

Ogboru said the partnership was launched as part of the OCP Africa Covid-19 palliative intervention which was implemented in 32 locations across 12 states in Nigeria.


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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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