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Coy Set To Lead Electronic, Mobile Payment Industry

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2 years ago

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The Chairman, eTranzact International Plc, Mr. Wole Adegunde, has said the company was poised and committed to becoming a regional leader in the medium term, and in the long term, a global leader in the electronic and mobile payment industry.
Adegunde, who was represented by Mr. Afolabi Oladele at the 19th Annual General Meeting (AGM) of the company in Lagos, recently, promised shareholders that the company would continue to deliver secure, cost-effective, and innovative electronic and mobile payment services that are compliant with globally recognized standards.
He said, “2022 was a significant year in the history of the companys financial performance as the company was able to achieve an unprecedented profit after tax of N1.17 billion which represents 157.81per cent increase over the prior year.
“The focus and expansion of the companys core switching services has been pivotal in the improvement of the companys performance.
“The landmark achievement is down to the managements drive for excellence and demonstration of the commitment of the management and the board to ensure maximum returns on the investment of shareholders.
“The Company will not relent on the performance and will seek more business opportunities to boost subsequent financial results”.
Speaking also, the Managing Director eTranzact, Olaniyi Toluwalope, said 2022 was one of milestones and major strides in further establishing eTranzact as the Superfintech of Choice.
He explained further that it was a privilege and honour to be the anchor and at the forefront of driving the Company towards the achievement of the corporate objectives and the overall vision.
According to him, eTranzact International will continue on the path of the impressive streak of profitability, excellence and quality service delivery, which were the highlights and hallmarks of 2021.
“The Board, Management and Staff took a firm commitment to surpass the performance and achievement of 2022 and the message and goal were clear across all ranks within the Company.
“All efforts were geared towards building on the gains of 2021 and the entire Company was in sync and I am proud to say we delivered on our common goal as a Company, for 2022”, he said.
Toluwalope further noted that the total volume and value of transactions processed have continued to increase tremendously year-on-year, in line with the development and expansion of the payments/electronic payments industry in Nigeria.
According to him, “the volume of electronic transactions peaked at the highest in five years in 2022, with a total value of N387 trillion.
“The huge growth is premised on the shift of more consumers towards the use of electronic banking channels for financial transactions.

 

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Kenyan Runners Dominate Berlin Marathons

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22 hours 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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23 hours ago

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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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23 hours 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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