Business
Nigeria Ready For The World To Do Business, Tinubu Assures
President Bola Ahmed Tinubu assured a global audience Wednesday in the United Arab Emirates that Nigeria is ready to work with other nations to build a resilient, equitable, and sustainable world for all.
President Tinubu spoke on the second day of the 2025 Abu Dhabi Sustainability Week on “From Climate Imperatives into Economic Prosperity: Bridging Africa with the Global Energy Future. ”
The president declared that no single nation can walk the road to sustainability alone, stressing that global interconnectedness demands collective action, knowledge sharing, and mutual support.
“The fight against climate change is not merely an environmental necessity but a global economic opportunity to reshape the trajectory of our continent and the global energy landscape.
“As leaders, stakeholders and citizens of our planet, we stand at a critical juncture in human history. To succeed, we must innovate, collaborate and act decisively as one global community,” he said.
Reiterating his administration’s commitment to reducing carbon emissions, President Tinubu assured the audience that the Nigerian government had developed actionable programmes in line with global expectations, bearing in mind Nigeria’s economic and political expectations.
“We have embraced a vision of sustainability that aligns with global aspirations while addressing local realities. Our efforts are anchored on three pillars: Energy Transition, Climate Resilience, and Sustainable Development. My administration recognises the importance of reducing carbon emissions and a just transition to clean and renewable energy, promoting environmental sustainability and economic growth.
“Our energy transition plans, like many nations, are aimed at diversifying energy sources and reducing dependency on fossil fuels, prioritising the transition to cleaner energy sources as a cornerstone of our national development strategy.”
He added that Nigeria is developing infrastructure for the widespread use of Compressed Natural Gas and electric vehicles and harnessing the potential in solid minerals to support the green energy transition.
The Nigerian leader stressed that his country is also implementing climate-smart agricultural practices to enhance food security and lessen its destructive environmental impact. These include the introduction of the National Clean Cooking Policy, which aims to promote clean energy, environmental and health benefits, and socio-economic development in the African region.
President Tinubu said the government is working with local communities to implement solutions to mitigate the adverse consequences of the country’s environmental challenges, such as deforestation, desertification, coastal erosion, flooding, and pollution.
These challenges, he said, threaten the livelihoods of millions.
He called on partner countries to collaborate in mobilising resources to tackle these challenges and embrace innovation and technology.
“To promote a Green Economy in Africa, we must focus on integrating sustainable practices in all sectors of our economy. These investments are capital intensive and require international support from partner countries, including multinational organisations, development partners and individuals who share our vision of a sustainable, prosperous and equitable future”, he said
According to the President, “Nigeria became the first country in Africa to initiate funding of green projects through Sovereign Green Bond proceeds, the third issuance of which is in progress. We urge investors to partner with us in this regard. Our administration remains committed to providing an enabling environment for businesses to thrive in Nigeria.
“By partnering with global leaders and harnessing the power of technology, we are finding new and innovative ways to address our environmental challenges. We have arable agricultural lands for advanced technological farming, including a bright future for Artificial Intelligence.”
President Tinubu commended the President of the United Arab Emirates, His Highness Sheikh Mohamed bin Zayed bin Sultan Al Nahyan, for his invitation and foresight in organising the event.
The event brought world leaders together to exchange views and perspectives on how to address the global challenges of our time collectively.
Lagos State Governor Babajide Sanwo Olu has urged businesses and organizations across Lagos to explore flexible work arrangements, including remote work and hybrid models, pending the complete repairs of the Independence Bridge.
During the governor’s visit to the bridge this morning, Sanwo Olu noted that a temporary shift in work culture can go a long way in reducing traffic pressure and supporting our collective well-being.
He apologised to Lagosain for the inconvinences experienced on the road yesterday noting that the decison to fix the Independence Bridge was not made overnight.
” I sincerely apologise to all Lagosians for the severe traffic congestion experienced yesterday. I understand the frustration, delays, and disruption this has caused in your daily lives. As someone who also moves through this city, I feel your pain, and we do not take your patience and resilience for granted.”
“The decision to fix the Independence Bridge was not made overnight. This repair has been in the works for over three years, carefully planned to avert a potential disaster. The structural integrity of the bridge had deteriorated, and delaying this intervention any further would have put lives at risk.”
” While this repair is necessary for the safety of all, I acknowledge the burden it has placed on commuters. We are working closely with all relevant agencies to improve traffic management, and find immediate solutions to ease the congestion.”
” I assure you that we are not just watching from the sidelines; we have deployed additional traffic monitoring officials and security personnel to ensure traffic flows freely.
I also want to urge businesses and organisations across Lagos to explore flexible work arrangements, including remote work and hybrid models. A temporary shift in work culture can go a long way in reducing traffic pressure and supporting our collective wellbeing.”
” Let us embrace innovative solutions that keep our city moving while we carry out critical infrastructure repairs. Together, we can build a more resilient, responsive, and liveable Lagos.
Lagosians, I ask for your continued patience and cooperation. Your safety remains our priority, and we are committed to ensuring that our city remains not only a hub of progress but also a place where infrastructure serves the people effectively.”
Business
PalmPay Unveils New Debit Card in Partnership with Verve, Marks Its Evolution into Full-Service Digital Banking
PalmPay, one of Africa’s fastest-growing fintech platforms, today officially launched its new PalmPay Debit Card in partnership with Verve, Africa’s largest domestic card scheme.
This partnership reflects PalmPay and Verve’s shared commitment to driving financial inclusion by expanding access and delivering greater value across the digital payments ecosystem.
With over 35 million users and a network of 1.1 million agents and merchants across Nigeria, PalmPay is building one of the continent’s most dynamic fintech ecosystems. The launch of its debit card represents a key milestone in PalmPay’s transformation from a mobile wallet and agent network into a comprehensive digital financial services provider – offering integrated solutions for payments, savings, credit, insurance, and now, card access.
The PalmPay Debit Card is seamlessly integrated with the PalmPay wallet, combining the convenience of a traditional bank card with the speed and flexibility of a digital platform, and access to PalmPay’s unique financial ecosystem.
Key Features include:
Zero maintenance fees
Easy in-app application and nationwide delivery
Exclusive cashback and merchant rewards
Full wallet integration, including access to high-yield savings (up to 16% APR, paid daily)
Seamless offline and online payments across the Verve network
The card is accepted at all major payment terminals within Nigeria, offering both debit and contactless options. With this launch, PalmPay aims to redefine the everyday banking experience – making it more accessible, reliable, and rewarding.
Alongside the standard debit card, PalmPay is also rolling out PalmPay Premium, a tailored offering for high-volume users. Benefits include:
A dedicated PalmPay Premium Card
Priority customer support
Higher transaction cashbacks and savings interest rates
Exclusive merchant rewards and advanced financial tools
This premium service reinforces PalmPay’s commitment to empower users at every stage of their financial journey – from first-time account holders to high-earning professionals seeking more from their financial tools.
The PalmPay Debit Card was made possible through PalmPay’s strategic partnership with Verve, reinforcing both companies’ shared commitment to inclusive, locally relevant digital banking solutions.
“PalmPay is dedicated to using technology to broaden financial access,” said Chika Nwosu, Managing Director of PalmPay Nigeria. “This collaboration enables us to offer secure, widely accepted payment cards integrated with the full power of PalmPay’s ecosystem. Together, we’re reshaping how Nigerians experience digital finance.”
Vincent Ogbunude, Managing Director of Verve International, added:
“We are proud to partner with PalmPay on this important milestone. Our alliance with PalmPay reflects our shared mission of accelerating financial inclusion and delivering payment innovation that meets the needs of African consumers.”
From zero-fee transfers and high-yield savings to instant credit, insurance, and now cards, PalmPay is building the financial infrastructure of the future – redefining digital banking to be more personalised, comprehensive and accessible to everyone.
Business
Tinubu dissolves NNPC board, replaces Kyari as GCEO with Ojulari, names Kida as new non-executive chairman
has dissolved the board of the Nigerian National Petroleum Company (NNPC) Limited, removing its chairman, Chief Pius Akinyelure, and Group Chief Executive Officer (GCEO), Mallam Mele Kolo Kyari.
President Tinubu also set ambitious targets for the oil sector under his administration’s reforms.
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