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PalmPay Commits to Gender Balance in Fintech Space @ Purple Woman 3.0
PalmPay Nigeria has expressed commitment to increasing women’s participation in the financial technology sector through its Purple Woman initiative designed to equip young women with digital and professional skills.
Speaking at the event, Chika Nwosu, managing director of PalmPay Nigeria, said the initiative was launched to address the low representation of women in fintech and the broader technology ecosystem.
“This initiative is because we noticed that there are not so many women in fintech and in the tech industry, and we intend to bridge that gap. We want to see a whole lot of women in leadership positions in fintech,” Nwosu said.
The programme, organised in collaboration with the Global Women’s International Campaign Nigeria to commemorate International Women’s Day, forms part of PalmPay’s broader effort to create an inclusive digital economy and empower women with technology-driven skills.
According to Nwosu, empowering women produces long-term social and economic impact. “A money in the hand of a man feeds a family, but money in the hand of a woman feeds generations,” he said, noting that women’s financial empowerment often translates to better education and opportunities for children and stronger households.
Although the programme is hosted in Lagos, he explained that participation is open to women across Nigeria through an online registration platform. “Our head office is in Lagos, but we invite women from all over Nigeria. They register through a link for Purple Woman. It is not only for people in Lagos; it is for all Nigerians,” he said.
At the end of the masterclass, 10 participants were selected for a six month internship programme at PalmPay where they will receive practical experience across different departments.
Explaining the selection process, Anthony Iwuala, head of human resources at PalmPay, said the company used a merit-based system to identify the most qualified candidates. “For us at PalmPay, we believe in equity and equality and following the right process. As a company, we believe in people who have skills and talent, so we ensure that we select people who are qualified,” Iwuala said.
According to him, participants were assessed through the classes and written tests conducted during the programme. “Participants went through the classes and wrote tests for every class. A lot of people passed, but we still had to rank them and select only the top ten,” he said.
Iwuala added that the selected interns will be deployed across departments such as marketing, human resources, administration, product development, sales and business intelligence where they will receive mentorship and hands-on training. “We assign mentors to them, and these mentors will provide on the job training for six months,” he said.
He stressed that the programme is designed not only to train participants but also to create employment opportunities. “We are not just taking them to train them; we train them to employ them,” he said.
He noted that previous editions have already produced tangible results. The Purple Women 2.0 programme saw the ten women we trained offered full employment at PalmPay, and they are still working with us currently, Iwuala said. “These ones will not be different.”
In her presentation, Nneka Okekearu, director of the enterprise development centre at Pan-Atlantic University, delivered a masterclass focused on self-worth, confidence and self awareness for women.
Okekearu explained that many women grow up with unconscious biases that affect their confidence and career choices. “A lot of women have grown up being told they cannot do certain things. Unlike their male counterparts, they are sometimes discouraged from pursuing opportunities,” she said.
According to her, the session focused on helping women recognise their abilities and build confidence. “A lot of women have so much to give, but they are shackled by unconscious bias. The session focused on self-awareness, building confidence and realising that we know it and should own it,” she added.
She acknowledged that progress has been made in female leadership in Nigeria’s corporate sector. “Today we have more than 30 percent of commercial banks with female CEOs. We now have women serving as bank chairpersons and more women on corporate boards,” she posited.
However, she highlighted what she described as the missing middle, where many women leave the workforce at critical career stages. “When women enter the workforce, by the time they get married and have children, many leave. We need systems that allow them to return without losing their career progress,” Okekearu said.
Karex, world’s largest condom maker, plans to raise prices by up to 30 percent due to supply disruptions linked to the Iran war.
This means that safe sex could get more expensive if the war continues to disrupt global supply chains, according to Goh Miah Kiat, CEO, Karex.
Kiat told old Reuters that rising freight costs and shipping delays have increased demand and forced the company to pass costs to customers.
Broader supply chain issues and higher oil prices could impact many everyday products that rely on petrochemicals.
“The situation is definitely very fragile, prices are expensive… We have no choice but to transfer the costs right now to the customers,” Goh told Reuters.
Karex joins a growing list of companies that are bracing for supply chain disruptions amid the ongoing war in Iran.
Based in Malaysia, Karex produces condoms, personal lubricants, gloves, medical catheters and probe covers.
The company manufactures male latex condoms including ONE, Trustex, Carex and Pasante, and it can produce over 5 billion condoms annually. Karex also exports to more than 130 countries, according to its website.
“We’re seeing a lot more condoms actually sitting on vessels that have not arrived at their destination but are highly required,” Goh said.
Federal High Court in Abuja has upheld Federal Competition and Consumer Protection Commission’s (FCCPC) authority to investigate consumer complaints and enforce regulatory oversight in Nigeria.
Tunji Bello, EVC/CEO, FCCPC
In a statement signed by Ondaje Ijagwu, director, Corporate Affairs, the Commission said that in the judgment delivered by James Omotosho on April 20, 2026, the court dismissed a suit filed by Air Peace Limited challenging the Commission’s statutory powers.
The ruling affirmed the Commission’s mandate under the Federal Competition and Consumer Protection Act, 2018 to “receive complaints, assess matters brought before it, and take appropriate lawful steps, including investigation where necessary.”
Reacting to the decision, Tunji Bello, executive vice chairman and chief executive officer of the Commission, said; “the judgment reinforces the importance of regulatory oversight in safeguarding consumers and ensuring fair market practices.”
Bello explained that the case stemmed from complaints involving “unrefunded ticket fares, cancelled flights, and other service concerns affecting passengers.”
Bello stressed that consumers who pay for services are entitled to fair treatment, transparency, and redress in accordance with applicable law.
He also said that investigations conducted by the Commission are administrative processes aimed at establishing facts.
“It does not amount to a finding of liability or wrongdoing,” he said.
The FCCPC boss further reiterated the agency’s commitment to due process and constructive engagement with businesses, noting that the Commission would continue to operate in a “fair, professional, and transparent manner.”
Bello also urged companies operating in Nigeria to cooperate with lawful regulatory procedures and strengthen internal complaint resolution mechanisms to address consumer grievances promptly.
The Commission said it will continue to act within its statutory mandate to protect consumers, promote competitive markets, and build confidence in key sectors, including aviation.
Underscoring the strength of the UK-Nigeria strategic partnership, the UK has completed its first trade and investment mission to Nigeria since the recent State Visit, focused on turning high‑level agreements into practical commercial opportunities for businesses in both countries.
Supported by the UK Department for Business and Trade and delivered by DMA Invest in partnership with the Nigeria Investment Promotion Council (NIPC), the 2-day trade mission brought together 43 delegates from 30 British companies to build partnerships, deepen commercial engagement and pursue new opportunities across priority sectors with their Nigerian counterparts.
With trade between both countries now at a record £8.1 billion, and Nigeria established as the UK’s largest export market in Africa, the mission highlighted where UK expertise can add the more value to Nigeria’s reform‑driven economy.
Opportunities discussed spanned key sectors such as infrastructure; energy and power; water, environment and climate solutions; agriculture; finance and professional services; testing and certification standards; logistics and supply chains; and technology, including education, aviation and communications.
These sectors align closely with the priorities set out under the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP) and reflect areas where UK capability, high standards and long‑term partnership approaches are well matched to Nigeria’s evolving market needs.
The mission also focused on challenging outdated perceptions of Nigeria, highlighting its shift towards a high‑potential, reforming economy, and energising businesses around new commercial opportunities supported by an improving macroeconomic outlook.
It encouraged UK and Nigerian firms to recognise complementary strengths and pursue new partnerships, reinforcing the message that both countries are open for business and natural partners for growth.
Dr Richard Montgomery, British High Commissioner to Nigeria, said: “This trade mission is a clear signal of intent. As the first UK business delegation to Nigeria since the State Visit, it shows how we are turning strong political alignment into real commercial action and long‑term partnerships for businesses in both countries.
“By bringing together UK companies and Nigerian partners across priority sectors and working closely with DMA Invest and the Nigeria Investment Promotion Council, we are backing ambition with delivery and making clear that the UK is committed, engaged and ready to do business with Nigeria for the long term.”
Aisha Rimi, Chief Executive Officer, Nigeria Investment Promotion Commission, said: “This trade mission represents a timely and strategic step in translating the renewed momentum from the UK–Nigeria State Visit into tangible investment outcomes for Nigeria. At the Nigeria Investment Promotion Commission, we are focused on facilitating partnerships that align with our national priorities and unlock value across key sectors of the economy.
The strong interest from UK companies reflects growing confidence in Nigeria’s reforms and its position as a leading investment destination in Africa. We remain committed to working closely with our partners to ensure that these engagements result in sustainable investments, job creation, and inclusive economic growth for both countries.”
Ronald Chagoury Jr. Vice-Chairman of Hitech and ITB, said: “As long-standing investors and operators in Nigeria’s infrastructure sector, Hitech and ITB are proud to support this UK–Nigeria Trade Mission and its focus on delivering tangible commercial outcomes.
“The successful close of a $1 billion ports transaction, backed by UK Export Finance, reflects both our execution capability and the strength of international partnerships when aligned with national priorities. We see this as a pivotal step in advancing Nigeria’s port infrastructure and a strong signal of confidence in the country’s reform agenda under the Renewed Hope framework.”
Atam Sandhu, Chief Executive, DMA Invest, said: “This UK–Nigeria Trade Mission demonstrates the value of bringing government, investors and delivery partners together in a structured, deal-focused environment. Our role is to convene the right stakeholders and translate strategic alignment into practical commercial outcomes.
The quality of engagement across infrastructure, energy, finance and related sectors reflects the depth of opportunity in Nigeria and the UK’s commitment to long-term partnership. We are proud to have supported this mission alongside the UK Department for Business and Trade and NIPC, and to help accelerate conversations that move projects closer to investment and delivery.”
All 43 delegates from 30 British companies participated in the UK-Nigeria Business Forum alongside senior representatives from the UK and Nigerian Governments, Nigerian businesses and the wider private sector.
The forum provided a platform for direct engagement with Nigerian companies, practical discussions, relationship‑building and the exploration of new partnerships aligned with Nigeria’s reform‑driven priorities.
This mission marks an important step in deepening the UK-Nigeria economic partnership. By strengthening relationships, building confidence and supporting deal‑making, it ensures that the momentum from the State Visit continues to translate into sustained commercial outcomes, long‑term investment and shared growth.
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