News
Yudala to Create Millionaires through YUBOSS
Yudala is focused on creative employment for thousands of Nigerians and Africans by extension through its entrepreneurial scheme known as YUBOSS, according to Mr. Sam Ojo, chairman of Yudala, Nigeria’s first true composite online and offline retail chain.
In an online chat from his base in the United States, the strategic technology consultant and one-time Chevron Head of Management Information System noted that Yudala is a movement in e-commerce and offline retail business orchestrated by distinguished professionals from various nationalities and spheres of business.
Ojo said that “The launch of YUBOSS will reveal a little bit of our corporate philosophy. YUBOSS is a league of emerging entrepreneurs who want to be their own bosses. Through YUBOSS, we are offering people a chance to become millionaires without investing a dime.
We have test run the scheme for one month and I can confirm that a young lady, one Mrs. Tina George who stays close to our office was paid over a N100, 000 commission (dala) last week for a 10 day effort in selling from our inventory. Her only investment was her commitment. This is the way new economies are built.
“With Yudala, there will be many millionaires in Nigeria in the next one year. We estimate millions of Nigerians will join this scheme by the time we officially roll it out next week. I assure you that your wives, brothers, sisters, students, the unemployed, under employed, etc. will be a part of this scheme which will reduce pressure on families. Everyone will earn income and hardworking students will be able to see themselves through school without outside assistance.
“Though still based in America, myself and Mallam Farouk Mohammed, former OPEC Executive Management member, represent majority investors on the Yudala Board and I can confirm that we are not in a hurry for huge profit. This is why we are mandated to partner with Yudala employees.
“The Yudala strategy is profit sharing with all employees and another reasonable percentage will be dedicated to support charity organizations in every country we do business in. Every investor in Yudala voted for this and our consultants are working out modalities based on each country’s tax structure. We are therefore not here to exploit Nigerians and fly profit out of the country since majority shareholders are Africans.”
When asked what percentage of Yudala annual profit will go to staff, Mr. Ojo revealed that a substantial figure has been agreed for this in line with the desire for quality human capital to deliver on shareholders’ expectations.
“Our bond with staff does not end with profit sharing but shall continue with our listing on the Stock Exchange and beyond. We are a company with assets and not just an e- commerce platform and that is why we have a composite structure. We have presently rolled out 13 stores nationwide in seven weeks with great retail ambience like no other at the moment and I can assure you by this time next year, we would have reached the 50 store milestone with same standards.
“We are here to dictate the pace and in line with this, we will review our market influence with the Press in the next one year. It is important to mention that our strategy is 21st century focused and completely different from what currently exists in the sector,” he concluded.
He also revealed that Yudala is a company to watch in view of its status as a corporate organization with a conscience.
The company had launched its annual Neighbour to Neighbour Mega Deals promotion from September 21st till October 2nd, with thousands of enthusiastic shoppers trooping online and to the Yudala stores to take advantage of the mouth-watering deals and extended payment terms for individuals, cooperatives, corporate organizations, educational institutions and government establishments.
“Yudala is structured to dictate the pace and within one year of our existence, Africa’s digital commerce and offline divisions would have had a handshake on the delivery of quality products and services that Africans wished for, paid for and rightly deserve. We shall continue to unfold our innovative products and services for the benefit of all Nigerians, including government establishments, co-operatives, corporate bodies and individuals. Yudala is possibly the first true investment platform where professional Africans in the Diaspora, foreign business partners and other Nigerian-based major corporate players have come together in a well-structured business and with huge funds to invest. This is why we must roll out across Africa.”
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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