Author: Ifetayo Adeniyi

PalmPay gets global recognition Digital bank PalmPay has once again secured global recognition, earning a place on CNBC and Statista’s 2025 Top 300 Fintech Companies in the World list. This marks the second consecutive year the fintech platform has been listed among the world’s most innovative and impactful financial technology firms, placing it alongside global giants such as Revolut, Nubank, and Ant Group. In a statement on Tuesday, the Founding Chief Marketing Officer at PalmPay, Sofia Zab, described the recognition as a strong validation of the company’s commitment to financial inclusion across emerging markets. “To be recognised as one of…

Lagos inaugurates economic policy roadmap to enhance women empowerment Lagos State Governor, Babajide Sanwo-Olu, on Tuesday, at the launch of the Women Economic Empowerment Policy Roadmap at Shell Hall, MUSON Centre, Onikan. Credit: X | Babajide Sanwo-Olu Lagos inaugurates economic policy roadmap to enhance women empowerment In a landmark move to deal with gender inequality and stimulate inclusive economic growth, Lagos State Governor, Babajide Sanwo-Olu, on Tuesday, launched the Women Economic Empowerment Policy Roadmap at Shell Hall, MUSON Centre, Onikan. The policy, developed by the Ministry of Women Affairs and Poverty Alleviation, outlines a strategic framework aimed at dismantling systemic…

Wizkid made me go viral on social media – Showkey Daddy Showkey Veteran Nigerian singer, Daddy Showkey, has explained how Grammy-winning Afrobeats star, Wizkid, played a great role in introducing him to Instagram. While having a video call with music producer Maleek Berry, Daddy Showkey rehearsed how a casual visit to Wizkid’s home several years ago led to a surprising digital realization. According to the “Galala” crooner, he discovered he was trending online after Wizkid made a post about him — sparking his curiosity about the popular social media platform. “I had a special call today from @maleekberry and I…

Drogba speaks on E1 World Championship coming up in Lagos in October Drogba with Sanwo-Olu, Dangote and Pololikashvili Drogba speaks on E1 World Championship coming up in Lagos in October Chelsea football legend Didier Drogba has announced that Lagos, Nigeria, will host Africa’s inaugural E1 World Championship, the world’s first all-electric powerboat racing series, on October 4-5, 2025. The declaration, made during a high-profile meeting in Monaco, was shared via an Instagram post by Drogba (@didierdrogba), which garnered over 29,000 likes, including from former teammate Mikel John Obi. The post captured his excitement about collaborating with Lagos State Governor Babajide…

EU pays visit to victims of Benue crisis, renders support of €1.5m EU Ambassador to Nigeria, Gautier Mignot met with Yelewata families displaced by conflict at Markurdi IDP camp recently. Photo credit: European Union in Nigeria EU pays visit to victims of Benue crisis, renders support of €1.5m The European Union has committed €1.5 million to support victims of the recent crisis in Yelwata, other Internally Displaced Persons in Benue State, and other parts of the country. The EU Ambassador to Nigeria, Gautier Mignot, opened up on this on Tuesday in Abuja at a joint press conference with the Ministry…

Enforce $10,000 currency declaration rule – NCAA orders airlines The Nigeria Civil Aviation Authority has ordered all international airlines flying into Nigeria to enforce the $10,000 currency declaration rule. The authority had said that the rule is required for passengers to declare cash or negotiable instruments above the limit, as part of efforts to strengthen anti-money laundering compliance. According to the NCAA, the directive, referenced as NCAA/CPD/ABV/298, dated 24 April 2025 seeks to address gaps in the enforcement of existing currency declaration obligations for inbound passengers. This was announced in a statement issued by the Director of Public Affairs and…

WAEC, NECO exams to take place at CBT by 2026 – FG WAEC, NECO exams to take place at CBT by 2026 – FG The Federal Government has revealed that privately-owned Computer-Based Test centres and others belonging to public institutions would be fully deployed in the conduct of the school-based Senior School Certificate Examination by next year. Minister of Education, Dr Tunji Alausa, made this known after monitoring a pilot CBT SSCE conducted by the National Examinations Council at Sascon International School, Maitama, on Tuesday in Abuja. Alausa, who hailed NECO for the seamless conduct of the pilot phase of…

CBN interest rate stands at 27.5%, foreign reserve 40.1 billion, 8 banks meet recapitalisation requirements Yemi Cardoso CBN interest rate stands at 27.5%, foreign reserve 40.1 billion, 8 banks meet recapitalisation requirements The Central Bank of Nigeria (CBN) has maintained the current Monetary Policy Rate (MPR) of 27.5 percent with all policy parameters. The Governor of CBN, Mr. Olayemi Cardoso, disclosed this at the MPC briefing in Abuja this afternoon. Consequently, the asymmetric corridor was retained at +500/-100 basis points around the MPR, leaving the Cash Reserve Ratio at 50 per cent for Deposit Money Banks and a general Liquidity…

Go for our 10th title,  bring the trophy home – Tinubu praises Falcons Bola Ahmed Tinubu Go for our 10th title,  bring the trophy home – Tinubu praises Falcons President Bola Ahmed Tinubu has congratulated Nigeria’s Super Falcons following their dramatic 2-1 victory over South Africa in the semi-finals of the 2024 Women’s Africa Cup of Nations (WAFCON). He described the win as “nothing short of superlative.” The President praised the team for their courage, skill, and resilience, calling it “a magnificent display of grit, talent, and the indomitable Nigerian spirit.” In a statement issued shortly after the match, President…

Super Falcons qualify for WAFCON finals, edge South Africa 2-1 Super Falcons Super Falcons qualify for WAFCON finals, edge South Africa 2-1 Nigeria’s Super Falcons, on Tuesday, booked their spot in the final of the Women’s Africa Cup of Nations after a 2-1 victory over South Africa’s Banyana Banyana in a tense semi-final clash. The match, played tough, saw the Super Falcons take the lead in the first half through Rasheedat Ajibade, who calmly converted from the penalty spot in the 45th minute to give Nigeria a 1-0 advantage heading into the break. Earlier in the game, South Africa were…