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FinTech Growth: ICT Experts Task Stakeholders On Collaboration

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7 years ago

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A group of panelists at the E-Payment Providers Association of Nigeria (E-PPAN) yesterday said that collaboration among stakeholders would aid FinTech growth in the country.
They discussed on the theme, “FinTech: Tackling the Challenges of Innovations In Payment”.
Founder, Gboza Gbosa Technology Limited, Mr Ade Atobatele said that the best practice that would push the FinTech forward was collaboration.
“In life, one needs to do things with other people as doing things on one’s own does not make a lot of sense, likewise in organisations.
“In the FinTech world, there is need to understand that customer acquisition is not cheap and one needs to scale up if they collaborate with others, ” he said.
Atobatele said that the Application Programming Interface (API) being already shared was a good form of collaboration for the industry to grow.
Head, Payment System Policy and Oversight Division, Central Bank of Nigeria (CBN), Mr Musa Jimoh, said that CBN understood the need for collaboration, saying that operators would be advised when to connect.
According to him, there should be a form of regulation to enable people to collaborate well.
“The FinTechs are coming with a speed that is unmatched by the bank and so a need for a symbiotic relationship between the technology and the banks.
“They should ensure that the entities that are connecting to the financial sector meet the requirements that are needed, ” he said.
Jimoh said that these issues were of great concern to CBN, saying that there was need to bring stakeholders together so that the industry could thrive.
Head, Products Strategy and Innovation, Interswitch Ltd., Mr Inalegwu Alogwu, said that innovation should not be challenged in the industry “but to promote and bring about growth”.
Alogwu said that to bring about that growth, there was need to figure out ways to regulate the FinTech and to ensure the convergence between the FinTech and the banks.
He said that for the convergence to happen, all the entities must connect to each other, saying that FinTechs had a major focus on first time market.
Alogwu also urged industry operators to device a risk base control mechanism before pushing out their financial products, saying the operators were too eager to push out financial products.
The E-PPAN conference brought industry stakeholders together to discuss and brainstorm on current trends in payment fraud and learn strategies to manage risk and prevent fraud.

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Kenyan Runners Dominate Berlin Marathons

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2 days ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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2 days ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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