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Glovo, Nigerian Ministry of Communications, Innovation & Digital Economy, NIPOST, and Industry Leaders Unite to Address E-Commerce Challenges in Nigeria

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Strategic Collaboration with the Ministry of Communications, Innovation & Digital Economy and NIPOST Drives Innovation in Digital Commerce

Lagos, Nigeria – February 6, 2025 – The Nigerian e-commerce industry is at a turning point, driven by rapid digitalization and the need for stronger logistics infrastructure. Recognizing this, Glovo, in partnership with the Ministry of Communications, Innovation & Digital Economy through its agency, the Nigerian Postal Service (NIPOST), convened a landmark stakeholder forum to address the challenges and opportunities shaping the sector. The event brought together policymakers, technology leaders, and private sector players to explore solutions for bridging Nigeria’s logistics gaps and accelerating the integration of digital and physical infrastructure to support e-commerce growth.In her keynote address, Tola Odeyemi, Postmaster General of NIPOST, representing Hon. Minister Dr. Bosun Tijani, underscored the importance of logistics and nationwide accessibility in building a thriving digital economy. She highlighted NIPOST’s expansive physical infrastructure and its potential to serve as a backbone for last-mile delivery solutions. “By aligning our vast network with digital platforms, we can create an efficient logistics framework that benefits businesses, especially SMEs, and ensures that e-commerce reaches every corner of Nigeria,” she stated.”A key moment of the event was the presentation of selected highlights from Glovo’s Yellow Effect Report by William Benthall, Global Director of Government Relations at Glovo. The report provides an in-depth look at Africa’s digital commerce landscape and Glovo’s five-year journey, with a strong focus on Nigeria. The highlights emphasized how innovative logistics solutions and digital integration can empower local businesses, drive economic growth, and enhance supply chain efficiency.””We chose to launch this report in Lagos because of Nigeria’s critical role in Africa’s digital commerce ecosystem and its vast market potential. Our findings highlight key opportunities in leveraging technology and strategic partnerships to drive sustainable growth. Over the past five years, Glovo has supported 45,000 businesses—95% of them SMEs—generating over €1 billion for partners and aiding 4,000 at-risk businesses. With a 20-percentage-point drop in cash orders, we’re also driving financial inclusion. By collaborating with policymakers, industry leaders, and local businesses, we aim to power the digital economy, enhance logistics efficiency, and create a more resilient and inclusive marketplace for all.”One of the defining moments of the forum came during the fireside chat session, Empowering Local Economies Through Strategic Partnerships in E-commerce, where Lamide Akinola, General Manager of Glovo Nigeria, shared how Glovo is leveraging artificial intelligence (AI) to optimize e-commerce operations. She explained that AI plays a crucial role in enhancing efficiency across the value chain—from streamlining delivery logistics and predicting demand patterns to improving the overall user experience. “With AI-driven insights, we can help SMEs scale faster, reduce inefficiencies in last-mile delivery, and ensure that customers get the best possible service,” Akinola noted. She also highlighted Glovo Local, an initiative designed to equip SMEs with the digital tools, training, and financial resources needed to thrive in an increasingly tech-driven economy. The session was moderated by Chidera Akwuba, Regional Head of Government and Public Relations, Sub-Saharan Africa at Glovo. “Bringing together stakeholders from across the industry is essential to driving meaningful change in Nigeria’s e-commerce sector,” said Chidera Akwuba, Regional Head of Government and Public Relations, Sub-Saharan Africa at Glovo. “This forum was a crucial step in fostering strategic partnerships that will help address logistical barriers and unlock new growth opportunities.”The discussions extended beyond logistics, touching on the broader barriers affecting Nigeria’s e-commerce ecosystem. A panel session featuring industry leaders from NIPOST, Jumia, GIG Logistics, and Glovo— represented by Kola Adeniyi, Head of Commercial Glovo Nigeria, explored key regulatory, technological, and operational challenges that must be addressed to unlock the sector’s full potential. The panel emphasized the importance of cross-sector collaboration to ensure that policies, infrastructure, and technology work in harmony to create a seamless digital marketplace.Beyond established players, the forum also served as a platform for emerging companies like Grid Code and Smart Parcel, which showcased their innovative logistics solutions and engaged with potential investors. Their presence reinforced the event’s role as a catalyst for fostering new investment and innovation in Nigeria’s rapidly evolving e-commerce landscape.As the forum drew to a close, Tola Odeyemi reaffirmed NIPOST’s commitment to supporting the growth of Nigeria’s digital economy. “E-commerce is not just about transactions; it’s about creating access, empowering businesses, and building an interconnected economy that benefits all Nigerians,” she stated. The discussions from the forum are expected to shape future policy frameworks, investment opportunities, and strategic partnerships that will drive long-term industry growth.For Glovo, the event reaffirmed its commitment to leveraging AI, fostering strategic partnerships, and supporting SMEs to advance e-commerce in Nigeria. By collaborating with the Ministry of Communications, Innovation & Digital Economy through NIPOST, Glovo is playing a pivotal role in building a more inclusive and efficient digital commerce ecosystem, one that ensures businesses of all sizes can thrive in the evolving digital economy.

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Interswitch Deploys Smart Parking System at Asaba International Airport to Improve Operations

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Interswitch, Africa’s leading integrated digital payments and commerce company, has announced a strategic partnership with the Asaba Airport Company (AAC) to deploy a smart parking system, the Interswitch Parking Management Platform (PMP) at the Asaba International Airport. The automated airport parking system introduces a seamless, secure, and fully automated parking and access control solution, designed to enhance airport operations efficiency and improve the overall experience for travellers, visitors, and airport personnel. As passenger traffic and vehicular movement continue to increase across Nigeria’s airports, the need for smart airport technology and efficient traffic management at airports has become increasingly crucial. The deployment of Interswitch’s PMP at Asaba Airport is aimed at enabling real-time parking analytics, faster vehicle processing at entry and exit points, reducing congestion, and improving traffic flow across the airport premises, ultimately delivering a smoother and more efficient experience for all users. Commenting on the partnership, Nnenna Ajanwachuku, Vice President, Transport Ecosystem, Interswitch, said:“This partnership with the Asaba Airport Company reflects our commitment to deploying technology that drives efficiency, transparency, and seamless user experiences across critical sectors. With the Parking Management Platform, we are not only addressing operational challenges but also enabling smarter infrastructure that supports revenue growth and long-term sustainability. Asaba Airport is setting the pace for what modern airport operations should look like in Nigeria.” Beyond enhancing user experience, enabling cashless parking payments, and leveraging digital payment solutions, the solution strengthens airport revenue management systems and delivers significant operational value for airport management. Through a centralised, technology-driven system, the Asaba Airport Company can monitor vehicle movements in real time, enforce access control policies more effectively, optimise parking space utilisation, and improve overall coordination across airport operations. This represents a major shift from manual, fragmented systems to a more intelligent, proactive management approach. The platform also strengthens revenue assurance and transparency. By digitising payments and reducing reliance on cash transactions, it enables accurate, real-time revenue tracking, eliminates unrecorded payments, and enhances financial accountability. This is expected to significantly boost internally generated revenue while reinforcing governance and audit processes. Also commenting on the partnership, Christophe Penninck, Managing Director, Asaba Airport Company, highlighted the initiative’s impact, stating:“Our collaboration with Interswitch represents a significant step forward in our commitment to operational excellence and service delivery. The introduction of this advanced parking and access control system will improve efficiency, enhance transparency, and deliver a better experience for passengers and visitors. It also strengthens our ability to manage revenue more effectively while positioning Asaba Airport as a leader in smart airport infrastructure.” A key advantage of the PMP Solution is its seamless integration with existing infrastructure, enabling modernisation without costly overhauls or disruption to ongoing operations. This allows the airport to transition smoothly into a more advanced system while ensuring service continuity. The deployment of this automated parking system at Asaba International Airport sets a new benchmark for smart airport infrastructure, and transport hubs across Nigeria. By combining automation, digital payments, and real-time analytics, the initiative positions the airport at the forefront of smart mobility infrastructure and underscores the role of technology in transforming the country’s transportation ecosystem. As Nigeria continues to invest in critical infrastructure, the collaboration between Interswitch and the Asaba Airport Company, in partnership with the Asaba International Airport, signals a new phase in airport operations, highlighting how digital parking solutions and intelligent transport systems are transforming the country’s aviation ecosystem where parking and access management are streamlined, and intelligent systems are designed to meet the needs of the modern traveller. To learn more about Interswitch’s Parking Management Platform (PMP) and how it is transforming airport parking systems, visit www.interswitchgroup.com

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AMVCA 12 Nominee List is a Wake-Up Call for the Film Industry 

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The nominee announcement on Sunday has officially kicked off the countdown to the 12th AMVCAs, and as expected, the conversation is split between celebration and the inevitable debate over who didn’t make the cut. While previous years were often dominated by a few blockbusters with double-digit nominations, the 2026 field is defined by how spread out the talent is. With Gingerrr and The Herd leading with nine nominations each, and To Kill A Monkey following with eight, the race to May 9th is wide open. This year’s list shows a clear shift in how African cinema is being viewed. While the AMVCAs have always stood for excellence, this 12th edition has moved toward a much stricter evaluation of craft that looks past how popular a project is on social media.

Under the leadership of veteran actress Joke Silva as Head Judge, the message from the organisers is clear: the bar for entry has become more specialised. In an era where trending on social media is often mistaken for technical brilliance, the AMVCAs is looking deeper into the structural integrity of the work. This explains the takes currently fueling debates online. While a project might dominate the cultural conversation for months or break box office records, the jury’s mandate, backed by the auditing rigour of Deloitte, is to look past the viral numbers and focus on the technical blueprints. A film can be a massive audience success and still find its lighting, sound design, or screenplay structure measured against a new, more rigorous professional rubric.

Out of the 32 categories this year, 18 are now strictly decided by the jury, including the major Best Lead Actor and Best Lead Actress awards. This change moves the recognition of acting talent away from the emotional pull of public voting and puts it into the hands of industry experts. For the stars and directors who didn’t find their names on the list, it isn’t a comment on their talent, but a reflection of a very tight field where there is almost no room for error. The fact that acting awards now sit alongside technical categories like cinematography and editing proves that the Academy is rewarding the quality of the work just as much as the fame of the person.

As voting opens for the remaining 11 public-choice categories ahead of the May 9th ceremony, the tension surrounding the list is actually a sign of industry health. It proves that the volume of high-quality African storytelling has reached a point where being a fan favourite is no longer a guarantee of a trophy. 

By prioritising technical precision over social media sentiment, the AMVCAs are forcing a necessary evolution. On May 9, the statues will be handed out, but the real takeaway from Sunday is that Nollywood has moved into an era where the craft must finally match the hype.

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Union Bank responds to Cardoso’s remarks at MPC meeting with calm assurance

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Union Bank of Nigeria has issued a statement reaffirming its steadfast position in the course of ongoing regulatory engagements in response to recent media queries at the Central Bank of Nigeria’s (CBN) 304th Monetary Policy Committee (MPC) press briefing.

The bank’s affirmation comes in the wake of Governor Olayemi Cardoso’s clarification on the regulatory framework governing institutions under intervention while speaking on the complexities and structural considerations influencing the recapitalisation timeline.

According to the CBN Governor, institutions currently under regulatory oversight are subject to unique circumstances that necessitate a differentiated approach, distinct from those institutions that have had an extended period to prepare for recapitalisation. This clarification was made in direct response to queries raised by journalists seeking insight into the operational status of banks under intervention.

Union Bank’s Chief Brand and Marketing Officer, Mrs Olufunmilola Aluko, explained that the CBN Governor’s remarks align with Union Bank’s consistent messaging to stakeholders. She reiterated that Union Bank remains a going concern with stable operations, resilient franchise and uninterrupted service delivery.

“The Governor’s remarks reinforce what has consistently been our position in all engagements with stakeholders. Union Bank remains under strong regulatory oversight and active supervisory engagement. The Bank is a going concern with a resilient franchise, stable operations and uninterrupted service delivery across all channels.

We have maintained, and continue to maintain, that all customer deposits are safe and secure. That position has not changed. The Bank continues to operate within the established regulatory framework, working transparently and constructively with the Central Bank of Nigeria towards full compliance in line with the applicable structure.”

The bank is working constructively with the Central Bank towards full compliance, as part of a system-wide recapitalisation programme aimed at strengthening Nigeria’s banking sector. Union Bank will provide updates as regulatory engagements progress while maintaining its commitment to customer protection, financial stability and service continuity.

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