News Highlights: PalmPay’s Managing Director, Chika Nwosu, positioned embedded finance as a practical solution to Africa’s financial access and usability challenges. Nwosu highlighted PalmPay’s scale and reliability, citing its 99.95% transaction success rate, over 500,000 agent network, and focus on trust, AI-driven security, and accessibility. PalmPay’s Managing Director, Mr. Chika Nwosu, delivered a compelling address on the transformative role of embedded finance in Africa at the third edition of Payments Forum Nigeria (PAFON 3.0), held on Friday, April 24, 2026, in Lagos. Speaking on the theme “Embedded Finance in Africa: Powering Payments Where People Live, Work, and Trade”, Nwosu emphasized…
Author: DigitalTimesNG
News Highlights: Court stops MTN and Airtel from suspending Nairtime’s services, protecting millions of Nigerians’ access to airtime and data credit. The ruling affirms Nairtime’s regulatory standing and supports digital financial inclusion for underserved consumers. Nairtime Nigeria Limited, a subsidiary of global AI-powered financial infrastructure group Optasia, has confirmed that the Federal High Court of Nigeria, Abuja Judicial Division, has granted an interim injunction on 24 April 2026, restraining MTN Nigeria Communications PLC and Airtel Networks Limited from suspending or interfering with Nairtime’s access to critical telecommunications platforms. The Order, issued in Suit No: FHC/ABJ/CS/779/2026, prevents any disruption to essential…
News Highlights: Africa’s digital economy growth depends on stronger cybersecurity, expanded data infrastructure, and reliable power to address rising cyber threats and scaling challenges. Industry leaders say digital twins, improved interconnectivity, and resilient energy systems are essential to optimising data centres and unlocking Africa’s multi-trillion-dollar digital potential. Experts from government and the private sector have stressed that Africa’s digital economy can only achieve sustainable growth by effectively tackling escalating cyber threats, expanding critical data infrastructure, and overcoming persistent power and connectivity challenges. They shared these insights at the IoT West Africa 2026 Conference and Data Centre Cloud Expo in Lagos.…
News Highlights: Over 2,000 Kano households were empowered with NASENI Clean Cookstoves, Solar Home Systems, and other locally made tools to improve access to clean, reliable energy. Government endorsed NASENI’s Zero Carbon (ZeCo) Project, with Minister Jumoke Oduwole affirming its alignment with President Tinubu’s Renewed Hope Agenda. Kano State has become the latest beneficiary of Nigeria’s push toward sustainable energy, as the National Agency for Science and Engineering Infrastructure (NASENI) rolled out its Sustainable Empowerment Programme to more than 2,000 households. The initiative, launched on Tuesday, April 28, 2026, at Fabs Event Centre, provided families with NASENI Clean Cookstoves, Solar…
News Highlights: Fidelity Bank Plc extended its “Give Her Power” initiative to Ikorodu, Lagos State, equipping over 30 women with essential business tools. The Ikorodu outreach marked the third phase of the programme’s rollout, with plans to expand to the South-East, South-South, and Northern Nigeria. Leading financial institution, Fidelity Bank Plc, has extended its flagship women empowerment programme, “Give Her Power”, to Ikorodu, Lagos State, empowering over 30 women with vocational tools to support their businesses and improve household income. The Ikorodu outreach, which marks the third phase of the Initiative’s nationwide rollout, saw the distribution of 12 sewing machines…
News Highlights: TeamApt emphasised that payment systems must be dependable, widely accessible, and tailored to everyday realities to support small businesses and drive inclusive growth. Despite contributing nearly half of Nigeria’s GDP and providing most employment, small businesses struggle with high failure rates. Stakeholders at the Payment Forum Nigeria 2026 have emphasised the need for robust and reliable payment infrastructure to drive financial inclusion, particularly among small businesses, merchants, and agents. Speaking at the forum, David Ijaola of TeamApt, a subsidiary of Moniepoint Inc., said payment systems must be “reliable, reachable, and relevant” to support inclusive economic growth. Representing the…
News Highlights: CerAwards Africa 2026 debuted in Lagos, with CeraVe and Konga Health rewarding top Nigerian creators with Paris trips, cash prizes, and premium content gear. The event showcased Nigeria’s growing beauty and digital economy, blending skincare, technology, and creative innovation on a global platform. The intersection of dermatological excellence, technological innovation, and creative storytelling reached a fever pitch on April 23rd as the inaugural Cerawards Africa 2026 took centre stage in Lagos. Orchestrated by CeraVe, the world’s #1 dermatologist-recommended skincare brand, in an exclusive strategic partnership with Konga Health, Nigeria’s leading distributor of premium skincare and beauty products, the…
News Highlights: Fidelity Bank Plc launched a comprehensive April 2026 SME masterclass series focused on pricing, product quality, digital sales and global trade expansion. The initiative reinforces Fidelity Bank’s broader strategy to empower Nigerian SMEs through practical skills development, business advisory, funding access, and market growth opportunities. As competition intensifies for Nigeria’s small businesses, Fidelity Bank Plc is sharpening its focus on practical enterprise development through a robust lineup of SME masterclasses aimed at helping entrepreneurs strengthen profitability, digital competitiveness and international readiness. In line with its commitment to accelerating the growth of Small and Medium Enterprises (SMEs) across Nigeria,…
News Highlights: Providus Bank has expanded its national footprint with the launch of a new Ado-Ekiti branch, reinforcing its strategy to deepen financial inclusion and support local economic growth. The bank says its strong capital base and compliance with CBN recapitalisation requirements position it for responsible nationwide expansion over the next year. Providus Bank Plc has commissioned a new branch in Ado-Ekiti, marking another step in its steady expansion across key growth markets in Nigeria. Having met the Central Bank of Nigeria’s (CBN) recapitalisation requirement since January 2025, Providus Bank is now focused on expanding its footprint to support local…
News Highlights: Fusewall Holdings secured 100% ownership of Coloplus, gaining access to about 900 partner locations and 20 owned sites. The acquisition strengthens Fusewall’s long-term strategy to expand connectivity, improve infrastructure resilience, and bridge Nigeria’s telecom gap. In a decisive move to deepen its footprint across critical operating sectors, Fusewall Holdings has completed the acquisition of 100 per cent equity in COLOPLUS WORLDWIDE SERVICE LIMITED (Coloplus), reinforcing its ambition to build a more integrated, efficient, and future-focused business platform. The transaction marks a major growth milestone for the company and underscores the strategic foresight of its founder, Azeez Amida, whose…