PalmPay has opened a new office at 33 Old Yaba Road, Lagos, reinforcing its commitment to innovation, customer service, and operational growth in Nigeria. The new office represents a continued investment in PalmPay’s people, operations, and infrastructure, supporting the company’s ability to deliver reliable financial services at scale. Designed to accommodate PalmPay’s growing team, the…
Africa’s leading streaming service, Showmax, has expanded its payment options in Nigeria through a partnership with Baxi by Onafriq, giving customers an easier and more convenient way to subscribe and stay connected to world-class streaming entertainment. Starting Monday, 22 December 2025, existing Showmax customers can log into the Baxi by Onafriq app, select and pay…
The draft Spectrum Roadmap for the Communications Sector for between 2025 and 2030 lays out how satellite technologies could help deliver reliable voice and data services to millions of Nigerians who live beyond the reach of conventional mobile networks. The direction is outlined in the Commission’s draft Spectrum Roadmap for the Communications Sector covering the…
The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group (AfDB), has secured a record $11 billion from 43 partners for its 17th Replenishment (ADF-17), the largest in the fund’s history.The funding represents a 23per cent increase over the previous replenishment. AfDB said this sends a clear signal of confidence…
Non-member states of the Organisation of Petroleum Exporting Countries called OPEC+ opted for caution on Sunday, keeping its oil output policy unchanged after a short, tightly focused meeting that deliberately avoided the mounting political crises involving several of its members. The decision points to how the alliance is navigating one of its most complex operating…
NIGERIA has posted an overall balance of payments surplus of $4.60 billion in third quarter (Q3) of 2025, a radical shift from the deficit position in the preceding quarter according to data released by the Central Bank of Nigeria (CBN). Acting Director of Corporate Communications at the CBN, Hakama Sidi Ali (Mrs.), also announced that…
Oil markets have recorded their steepest annual fall since the COVID pandemic and could be on track to plummet further as oil producers continue to pump more crude than needed by the global economy. Oil prices slumped by almost 20per cent in 2025, marking the biggest annual loss since 2020 and the first time that…
THE Nigerian Communications Commission (NCC) has warned that the widespread use of smartphones, computers and internet-based services in daily life has significantly increased exposure to risks such as phishing, online scams, malware and identity theft. It warned that cybercriminals often take advantage of human mistakes, noting that a single careless click could lead to the…
Nigeria’s ginger export industry is positioning itself for a stronger performance next year, spurred by renewed international technical support, fresh investments, and stepped-up security measures in key farming belts. The global ginger market is projected to expand from $4.41 billion to $7.50 billion by 2033, recording a compound annual growth rate of 6.08 per cent…
