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Glovo Partners with NIPOST & Ministry of Communications, Innovation & Digital Economy to Host Landmark E-commerce Summit in Nigeria

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…Event to Unveil Glovo’s Yellow Effect Report and Address Barriers to E-commerce GrowthLagos, Nigeria – January 31 – On February 5, 2025, Glovo, in collaboration with NIPOST and the Nigerian Ministry of Communications, Innovation & Digital Economy, will host a first-of-its-kind summit aimed at accelerating the growth of Nigeria’s e-commerce industry.Themed “Accelerating E-commerce through Digital and Physical Infrastructure Integration,” this groundbreaking event will bring together key industry stakeholders to discuss challenges and opportunities in the sector while charting a path toward sustainable growth.The event will feature a keynote speech from Dr. Bosun Tijani, Honourable Minister for Communications, Innovation & Digital Economy, titled:“The Future of E-commerce in Nigeria: Integrating Digital and Physical Infrastructures for Growth.”His address will provide critical insights into the government’s vision for advancing digital commerce and fostering a more inclusive economy.A high-impact panel session titled “What’s Holding Back E-commerce in Nigeria?” will bring together experts across the sector to examine key logistical and regulatory challenges and propose actionable solutions to unlock the industry’s full potential.Speaking on the impact of this collaboration, Tola Odeyemi, Postmaster General of NIPOST, stated:“Nigeria’s digital economy continues to evolve, but e-commerce growth is hindered by logistical gaps, particularly in last-mile delivery. The Ministry is dedicated to creating an enabling environment for digital commerce to flourish in Nigeria. This summit is an essential step toward integrating policy, innovation, and infrastructure to drive inclusive economic growth. Our collaboration with Glovo is a step towards a future where digital commerce reaches every corner of the country, unlocking economic opportunities and driving national development.”A major highlight of the summit will be the launch of Glovo’s Yellow Effect Africa Report—a first-of-its-kind study that examines how Glovo is contributing to the digital transformation of local economies across Africa.The report provides insights into the barriers and opportunities shaping Nigeria’s digital commerce landscape while showcasing Glovo’s impact in fostering SME growth, financial inclusion, and last-mile delivery innovation across the continent.Lamide Akinola, General Manager, Glovo Nigeria, emphasized the significance of the summit, stating:“This event marks a pivotal moment for Nigeria’s e-commerce sector. At Glovo, we are committed to fostering an ecosystem where businesses—especially SMEs—can thrive through digital transformation. By launching the Yellow Effect Report in Nigeria, we aim to provide actionable insights that will drive sustainable growth in the industry.”Chidera Akwuba, Regional Head of Government & Public Relations, sub/Saharan Africa, Glovo, underscored the role of collaboration in advancing e-commerce:“Collaboration is key to unlocking Nigeria’s e-commerce potential. This event brings together industry leaders, policymakers, and innovators to discuss tangible solutions that will strengthen the digital and physical infrastructure needed to scale digital commerce sustainably—with a vision to build the largest online marketplace, giving everyone access to anything in their city within minutes, we couldn’t be more elated about this collaboration.”This landmark event is expected to lay the groundwork for transformative policies and strategic partnerships that will propel Nigeria’s e-commerce industry forward. By leveraging existing physical infrastructure—such as NIPOST’s extensive network of over 1,000 post offices and distribution centers—alongside digital innovations, this initiative aims to create a seamless logistics network that enhances efficiency, accessibility, and economic opportunities for businesses and consumers alike.This summit represents a bold step toward a more connected and thriving e-commerce ecosystem in Nigeria.

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The Real Padi: Aquafina’s 11-Year Run With Access Bank Lagos City Marathon

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Since 2016, Seven-Up Bottling Company’s Aquafina Premium drinking water, has shown up at the Access Bank Lagos City Marathon every single year. As the partnership enters its 11th edition, athletes, organisers, and fitness advocates reflect on what a decade of sustained support really means.

At 6:30 am on February 14, elite athletes, thousands of runners, including first-timers, formed thick streams at the starting line of the 11th Access Bank Lagos City Marathon. They could be seen adjusting race bibs, stretching calves and taking photographs. Friends who had trained together for months since the announcement of the race was made were ready to run.

Interspersed among the title sponsor’s branding were the unmistakable blue and white colours of Aquafina. The brand was everywhere: at the start and finish lines, at hydration points every 2.5 kilometres, on volunteer vests, and in the hands of race marshals pressing chilled bottles into the palms of passing runners.

When the marathon first launched in 2016, organising a full 42-kilometre international race in Lagos was a major undertaking. As participation grew, including runners from across Africa, the need for reliable hydration planning became even more important. Aquafina’s continued involvement has aligned with that growth, helping organisers maintain a consistent hydration structure as the event expanded.

For the 2026 edition, Aquafina built its engagement around the 10KM race with the theme “Run am with your Padi,” a Nigerian Pidgin phrase that speaks to companionship. The message reflected how many participants approach the 10-kilometre category, running with friends, training partners, or social groups rather than competing professionally. The campaign appeared across outdoor and digital channels, reinforcing the social side of the race.

From a runner’s perspective, hydration was where Aquafina’s dominance on the course was most obvious. Harriet Wonder, a participant in the 2026 marathon, described her experience simply: “There was more than enough water and drink for everyone. At intervals, there was always water, like if you wanted to drink 100 bottles of water, you’ll get it. Hydration was not a problem.” Her comment captures how Aquafina’s strong presence at the event translated into a race experience where runners rarely had to think about water availability.

Aquafina’s 2026 activation also introduced one of the event’s biggest talking points, a N1million reward for the first 10 padi groups to cross the finish line in the 10-kilometre fun run. Rather than focusing only on elite competitors, the incentive placed attention on everyday runners, who make up the largest share of participants.

That decision also added excitement to the community category. For many runners, the fun run is about personal fitness goals or showing up with friends. Adding a significant reward recognised their contribution to the marathon’s energy and scale.

More than just a prize, the move reflected Aquafina’s awareness of the growing fitness culture around the event. It placed value on grassroots participation, the runners who return each year and help shape the marathon atmosphere.

In sports sponsorship, longevity builds familiarity. After eleven consecutive years, Aquafina’s presence has become an expected part of the marathon experience for returning runners. Hydration stations are not just branded touchpoints; they are functional stops runners plan around as they move through the course.

Nigeria’s recreational running culture has expanded steadily since the marathon began, with more clubs and informal groups encouraging participation. Large events like the marathon reflect that growth, and consistent corporate support helps sustain the infrastructure required to host thousands of runners.

More than a decade into the partnership, Aquafina’s role is defined by consistency. By providing reliable hydration year after year, the brand has entrenched itself as the ‘Padi of Life’, becoming race day essential for runners navigating one of Lagos’ largest sporting event.

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Verve Deepens Global Presence with New Memberships in PCI SSC, NEXO Standards

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Lagos, Nigeria – March 8, 2026 — Verve International, Africa’s leading payment card brand, has announced its membership in two major global payment standards bodies, the PCI Security Standards Council (PCI SSC) and the NEXO Standards community. These memberships further position Verve within the international ecosystem responsible for defining, securing, and harmonising payment experiences worldwide. The PCI Security Standards Council (PCI SSC) is the global body responsible for setting and overseeing security standards that protect cardholder data across the payment ecosystem. NEXO Standards is the international organisation that develops unified messaging specifications and protocols for seamless, interoperable payment acceptance. These dual memberships mark a significant milestone in Verve’s ongoing commitment to advancing payment security and global interoperability, while delivering world-class experiences to consumers, merchants, and financial partners across Africa and beyond. Speaking on the announcement, Vincent Ogbunude, Managing Director, Verve International, said:“Security, trust, and seamless interoperability remain central to Verve’s mission. Joining the PCI Security Standards Council and the NEXO Standards community reinforces our commitment to global best practices and strengthens our ability to deliver secure, scalable, and innovative payment solutions across Africa and beyond. This step positions Verve not just as a participant in the global payments ecosystem, but as a contributor helping shape its future.” The PCI Security Standards Council governs the globally adopted PCI Data Security Standard (PCI DSS), which ensures that issuers, acquirers, processors, merchants, and solution providers that store, process, or transmit cardholder data meet strict security requirements. As a member, Verve will now participate directly in shaping emerging standards, contributing African perspectives to global discussions, and ensuring its products and partners remain aligned with evolving guidelines. Membership in the NEXO Standards community further elevates Verve’s role on the global stage. NEXO delivers a modern, universal, and interoperable payment acceptance standard that harmonises how banks, processors, and payment terminals communicate. Through this membership, Verve will collaborate with industry leaders worldwide to accelerate next-generation payment experiences and simplify integrations for partners across markets. These developments align with Verve’s broader strategy to deepen its global footprint, expand partnerships with financial institutions and fintechs, and scale innovations such as contactless payments, enhanced chip-and-PIN capabilities, tokenisation, and advanced security technologies. With membership in both PCI SSC and NEXO, Verve is better positioned to empower partners, protect consumers, and support the growth of secure, interoperable payment systems across Africa, while cementing its role as a key contributor to global payment innovation.

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Interswitch Founder/Group Managing Director, Mitchell Elegbe, Receives Silverbird Special Achievement Award for Pioneering Nigeria’s Digital Payments Revolution

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Lagos, Nigeria – March 1, 2026 – Founder and Group Managing Director of Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies – Mitchell Elegbe, has been conferred the 2025 Silverbird Special Achievement Award, in recognition of his leading role in building Nigeria’s digital payments infrastructure and shaping Africa’s financial landscape.

The award was presented at the prestigious Silverbird Man of the Year Awards ceremony held on Sunday, March 1, 2026, at Eko Hotel and Suites, Lagos, where Elegbe was recognised alongside other eminent Nigerians whose leadership and contributions continue to shape national development and industry transformation.

The Silverbird Special Achievement Award recognises individuals whose innovation, vision, and sustained impact have left an indelible mark on society. For Elegbe, the honour underscores more than two decades of pioneering leadership in building Nigeria’s modern digital payments infrastructure and advancing financial inclusion across Africa.

Elegbe founded Interswitch in 2002, inspired by a bold conviction that technology could fundamentally redefine how value moves within and across economies. Under Elegbe’s leadership, the company has evolved into one of Africa’s foremost integrated payments and digital commerce companies, powering financial transactions for governments, banks, businesses, and millions of consumers. Today, much of Nigeria’s electronic payments ecosystem traces its foundational architecture to the systems and rails established under his leadership.

Reflecting on the recognition, Elegbe described the award as both humbling and symbolic of a broader journey.

“This honour represents far more than a personal milestone. It reflects the courage of a team that believed, long before it was fashionable, that Nigeria and Africa could build world-class financial infrastructure. When we started Interswitch, we were driven by a simple but powerful idea that technology could democratise access, unlock opportunity, and enable commerce at scale. This recognition by Silverbird strengthens our resolve to continue building systems that empower businesses, support governments, and expand inclusion across the continent,” he said.

Also speaking on the recognition, Cherry Eromosele, Executive Vice President, Group Marketing and Communications, Interswitch, noted that the honour reflects the enduring impact of visionary leadership.

“Mitchell’s journey is inseparable from Nigeria’s digital payments evolution. His foresight and resilience helped establish foundational infrastructure at a time when the ecosystem was still nascent. This recognition affirms not only his personal legacy, but the broader impact of Interswitch in enabling commerce and strengthening financial systems across Africa,” Eromosele stated.

The Silverbird recognition comes just days after Elegbe’s induction as a Fellow (FICA) of the National Institute of Credit Administration (NICA) at its Presidential Investiture and Fellowship Ceremony held at the MUSON Centre, underscoring a remarkable week of national recognition for his contributions to financial systems development.

The Fellowship, the Institute’s highest professional distinction, is reserved for eminent leaders whose exceptional contributions have strengthened credit systems, advanced financial integrity, and supported economic development in Nigeria.

With these latest honours, Mitchell Elegbe’s legacy as the leading architect of Africa’s digital commerce infrastructure is further cemented, not only as a fintech pioneer, but as a leader helping to shape the institutions that underpin sustainable economic growth.

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