News
Unemployment: 7.5m Nigerians are Doing Nothing– NBS

National Bureau of Statistics (NBS) has said 7.5million Nigerians were left doing nothing between January 2016 and December 30, 2017.
The bureau stated this in “Labour Force Statistics Vol. 2: Employment by Sector Report,” released on Sunday in Abuja.
According to NBS, out of the country’s labour population of 85.1 million as reflected in the third quarter of 2017 (Q3), 77.55 million are engaged in some sort of economic activity for at least an hour a week, (8.46 million-1-19 hours; 18.02 million-20-39 hours; 51.06million-above 40 hours), while 7.53 million are doing absolutely nothing.
It reported that among the 77.55 million labour population who were engaged in some extent of economic activity, 38.24% of them or 29.66 million were self-employed engaged in farming/agriculture, and 27,93% or 21.66 million were self-employed in non- farming/agriculture sectors.
“A total of 19.72 million were working for pay or wage, which was equivalent to 25.42% of the total workers in 2017 Q3. Paid apprentices and unpaid house workers constituted 7.30% and 1.11% of the total working force engaged for at last one hour a week.
The stats office also stated that of a total employed (full time employed and underemployed which is 20 and above working hours a week) of 69.09 million, 17.88million or 25.88% work for pay/ wage, 45.47 million or 65.82% are self-employed working in agriculture (25.47 million or 36.87%) and non-agriculture related activities (20.0 million or 28.95%), 779,002 or 1.13% are paid apprentice and 4.95 million or 7.17% are unpaid houseworkers.
It also stated further that more than half of the total workers in Nigeria (51.06 million or 65.84% of total) worked full-time, or 40 hours per week.
NBS added that among all the full-time workers, 18.86 million or 24.31% of total workers were engaged in self-employment farming/agriculture.
It added that 15.02 million or 19.36 of total were self-employed in non- farming/agriculture work and 14.10 million or 25.42% of total are working for pay/wage. 23.25% and 10.91% of total workers were participating in 20-39 hours work per week and 1-19 hours work per week respectively.
It added that Mining and Quarrying, Information and Communication, and Real Estate contributed to sizable shares of nominal GDP (11.17%, 8.69%, and 7.52% respectively) in 2017 Q3, while they only provided limited employment (0.17%, 0.55%, and 0.09% respectively).
The bureau stated further that males worked full-time than female, while a higher percentage of female worked part-time between 20-39 hours and below 20 hours per week.
“The absolute number of male full-time workers (34.85 million) was more than twice the number of female full-time workers (16.21 million) in the third quarter of 2017.
“A larger percentage of males to females were self-employed in farming/agriculture work, while a larger percentage of females were self-employed in non-farming/agriculture work. Agriculture dominated both female and male labour markets.
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.
E-Financial3 days agoFG Issues Transition Guidelines for Tax Acts 2025
E-Financial2 days agoHow Fraudsters Stole N134Bn from Banks, Customers in 6 Years – CBN
Telecom3 days agoTelecom Regulator, NCC, Digital Encode, AfriGoPay Support eBusinesslife Girls In ICT Campaign
Telecom3 days agoMobile Technologies Boost Africa’s Economy by $240B in 2025, Commences a New Phase of Digital Transformation
General News2 days agoPolice Uncovers N7.7Bn Telecom Data Fraud Syndicate, Recovers Assets Worth Millions
Telecom2 days agoTikTok, ICC Gather Nigeria’s Entrepreneurs to Drive Small Business Growth and Digital Transformation
E-Business2 days agoPayaza Launches AI-powered Storefront Platform to Drive Cross-border Commerce
Telecom2 days agoHow a New NITDA-TikTok Partnership Could Transform Thousands of Nigerian Businesses













