RMDB President lauds Oramah for ‘transformative’ decade at Afreximbank

Adeniran Aderogba, the president of the recently inaugurated Regional Maritime Development Bank (RMDB), delivered high praise for Benedict Oramah, who left the helm of the African Export-Import Bank (Afreximbank) last month.

He lauded his ‘transformative’ leadership and contributions to Africa’s trade and economic growth during his decade-long tenure as chief.

Speaking at a send-off dinner held in Oramah’s honour in Cairo, Aderogba described the outgoing President and Chairman of Afreximbank as a ‘visionary’ who strengthened the continent’s trade financing system and inspired African institutions to pursue ambitious economic initiatives.

‘Professor Oramah’s decade at the helm of Afreximbank has been nothing short of transformative,’ Aderogba stated. ‘He has not only strengthened Africa’s trade financing architecture but also inspired a generation of African institutions to think boldly, collaborate deeply, and act strategically for the continent’s prosperity.’

Aderogba noted the scale-up of Afreximbank under Oramah’s leadership. The bank, which began operations in Nigeria with a $10 million financing deal, now handles transactions worth billions of dollars across sectors, including telecommunications, finance, hospitality, oil and gas, maritime, and transportation.

He also acknowledged Oramah’s support for the African Continental Free Trade Area (AfCFTA). Aderogba expressed confidence in Oramah’s successor, George Elombi, describing him as a person who embodies Afreximbank’s ‘can-do ethos.’

NEPC urges Abia entrepreneurs to key into AfCFTA to expand businesses

The Nigerian Export Promotion Council (NEPC), the country’s lead agency in the promotion of non-oil export, has advised youths in Abia State to take advantage of the African Continental Free Trade Area (AfCFTA) initiative to expand their businesses.

Okechukwu Amaechi, acting State coordinator, Abia State Coordinating Office of the NEPC, gave the advice, at a-day workshop on youth initiative entitled ‘Unlocking AfCFTA opportunities for growth of non-oil export’, held in Aba, the State’s commercial hub.

AfCFTA agreement was launched in 2019, making a shift in the terrain of international trade. The trade area agreement comprises 55 African Union member States, consisting an economic community.

It seeks to create a single market for goods and services to facilitate the continent’s economic integration in the pursuit of ‘Agenda 2063’ of the African Union.

AfCFTA is a trade agreement that brings together a population of over 1.3billion people and a combined economy of about $3.4trillion.

AfCFTA is expected to increase intra-African trade from the current 14.4% of total African export to over 40%.

AfCFTA is the largest trade agreement globally. It is expected to primarily benefit African small and medium enterprises (SMEs) in the State.

Amaechi, who represented Nonye Ayeni, executive director/chief executive officer of NEPC, said that Aba is a manufacturing hub for products like, leather works, garment, cosmetics, paints, plastics, among other products and will benefit from the AfCFTA, since it has manufactured products waiting to tap into the scheme, hence the choice of the sensitisation workshop.

He said that the new market, is expected to create opportunities for SMEs, by providing access to larger markets, increasing their competitiveness and profitability, help the SMEs and youths in Abia to expand their businesses beyond the country’s boarders.

Amaechi explained also that AfCFTA will help reduce the cost of doing business and enabling SMEs to increase their productivity and profitability.

Reuben Tamba, founder/chief executive officer of UB Brima Investments and Logistics Limited, a resource person at the event, described Abia State, as a. commercial hub in the South-East region of Nigeria, that has the people, skills and manufacturing base to become a leading non-oil exporter under AfCFTA.

‘For youths in Abia , AfCFTA will unlock 1.3billion consumers and preferential regional trade conditions’.

To convert potentials into income, Tamba advised youth entrepreneurs in Abia State, to target competitive value chains like, textiles, leather, plastic goods, furniture, processed foods and creative goods, ensure that the products meets standards and logistics requirements.

Yellow Card beats JPMorgan, Mastercard to win Money20/20 Payments Grand Prix

Yellow Card, the leading stablecoin infrastructure provider for emerging markets, has won the Grand Prix Award in the Payments category at Money20/20 USA, triumphing over global financial heavyweights including J.P. Morgan Payments, Mastercard, Zerohash, and Mynt.

The award, presented in Las Vegas, recognises Yellow Card’s growing influence and innovation in the global payments ecosystem, a milestone that underscores the company’s role in advancing stablecoin-based infrastructure across emerging and developed markets.

In his reaction, Chris Maurice, CEO and co-founder of Yellow Card, said, ‘We are incredibly honoured to receive this recognition from Money20/20. This is more than a milestone; it solidifies our place as a key player in the industry and signals the growing global recognition of our mission. None of this would have been possible without our incredible team, partners, investors, and customers. This moment validates what we’ve achieved together and serves as a springboard for what comes next.’

The win crowns a breakthrough year for the company, marked by strategic partnerships with global payment leader Visa, and a major expansion into new markets including Brazil, India, Mexico, Singapore, and Hong Kong. Yellow Card has also deepened its footprint across Africa, where it operates in 20 countries and continues to serve as a key bridge for financial inclusion and cross-border digital payments.

The company’s B2B infrastructure has been the core engine of its growth, enabling banks, fintechs, and enterprises to move value seamlessly across borders using stablecoins. The company’s technology powers everything from fiat settlement rails and custody wallet services to custom local stablecoin issuance, giving institutions flexible tools to manage global transactions with speed and efficiency.

‘We are only scratching the surface of what’s possible. We haven’t even begun to see how far this technology can go, the efficiencies, the connections, and the new markets it can unlock. If anything, this moment is the beginning of something much larger. And we’re only just getting started,’ said Justin Poiroux, CTO and co-founder of Yellow Card.

Founded in Nigeria in 2019, Yellow Card has grown into one of the largest licensed stablecoin-based payments provider operating in 34 countries, with transaction volumes nearing $6 billion, 99 percent of which are attributable to stablecoins. Its rise from an African fintech startup to a global payments innovator has mirrored the growing acceptance of digital currencies as a trusted means of value transfer, particularly in emerging markets where traditional banking remains fragmented.

The Money20/20 Grand Prix Award is among the most coveted recognitions in the global payments industry. Yellow Card’s victory over long-established global players such as JPMorgan Payments and Mastercard not only highlights its technological edge but also signals a shift in the competitive landscape, where emerging market innovation is now shaping the future of finance.

As the company looks ahead, its leadership believes this recognition will propel further collaboration and adoption across borders.

‘This win is not the finish line. It is a call to go further, to expand what is possible for payments, for stablecoins, and for the millions of people and businesses we aim to serve,’ Maurice said.

Missing skill in Nigerian law firms: How to structure and close deals

At 10 pm, a mid-level associate at a Lagos boutique law firm was still poring over loan agreements, tax yield calculations, and acquisition structures. At the same time, his colleagues had long left the office. He sighed. ‘If only ­someone had shown me how deals happen, not just what the law says,’ he muttered.

That moment crystallises a truth too often ignored: legal education in Nigeria works well for litigation but falls short in complex deal-making, financing, and M and A. A 2024 survey by major consultancy Major, Lindsey and Africa found that 45 % of junior associates believe their training did not prepare them for transactional practice.

That gap has consequences. With Nigeria seeing rising mergers and acquisitions (M and A) activity, private equity flows and equity-financing rounds, lawyers who cannot map out deal structures, tax traps and regulatory relief will be sidelined. According to the paper Training the 21st Century Nigerian Lawyer, the legal training curriculum lags behind globalisation and transactional realities.

Enter Formation Exceptionelle, the Lagos-based formation centre building Nigerian-law-firm-ready lawyers. On 5 December 2025 at 3 pm, the training titled ‘Understanding Deal Structures, Tax and Regulatory Considerations in Equity, Financing and M and A Transactions’ will feature three heavyweight speakers: Dipo Okuribido, senior vice president and general counsel, Verod Capital management; Fumilayo Otsemobor, partner, Aluko and Oyebode; and Ayodele Oni, partner, Bloomfield LP.

This isn’t just another Council of Legal Education (CLE) session – it is an essential pivot from ‘I know the law’ to ‘I can drive the deal’.

Here’s why this training is vital for Nigerian lawyers and legal education as a whole:

Transactional Montrealisation: As capital inflows expand and private-equity houses hunt Nigerian deals, the demand for lawyers who understand share-purchase agreements, preferred equity, convertible instruments, tax-efficient exits and regulatory approvals is skyrocketing.

Tax and regulatory complexity: Nigeria’s tax reforms, Federal Inland Revenue guidance, and anti-money-laundering regulations mean that structuring a deal requires not just legal acumen but tax strategy, financial modelling and regulatory foresight. Lawyers who cannot speak tax-technical will be advisers in name only.

Skill gap you can’t ignore: The study on Nigerian legal education shows how training remains heavily theoretical. For lawyers at transactional desks, this is a handicap. When a partner asks, ‘What happens after we sign?’, the lawyer must know, not guess.

Competitive advantage: For firms and individual lawyers, mastering deal-structures brings revenue, reputation and repeat business. This training offers that edge.

Token of global readiness: In the era of cross-border investing and global regulation, understanding equity financing, M and A exits, investor-sanction risk, tax treaty architecture and regulatory clearance is no longer optional; it’s expected.

In short, Lawyers attending this session will move from playing catch-up to leading the boardroom conversation. From dispute resolution to deal-making. From reacting to driving. Formation Exceptionelle is providing a bridge between academic rote and deal-execution readiness.

If you are a lawyer in Nigeria aiming to command fee-earners, impress clients, and align with where the market is going, this training is one of your most strategic investments this year.

Radda approves ?305.5m for 565 Katsina medical students’ allowances

Governor Dikko Umaru Radda of Katsina State has on Monday approved the release of ?305,510,507.09 for the payment of allowances to 565 indigenous medical students studying both within Nigeria and abroad.

This is contained in a statement by his Chief Press Secretary, Ibrahim Mohamed and made available to newsmen on Monday in Katsina.

The statement noted that the approval reflected Governor Radda’s strong commitment to human capital development and his administration’s sustained investment in education and healthcare, two key pillars of his Building Your Future Agenda.

The statement read, ‘Confirming the development, the General Manager of the Katsina State Hospital Services Management Board, Muhammad Nazir Shehu, said the payment includes both the regular student allowances and special project support for final-year medical students.

‘Shehu explained that the gesture is designed to ease the financial strain on students and allow them to concentrate fully on their academic and clinical training. He emphasised that the initiative aligns with Governor Radda vision of producing competent, homegrown medical professionals capable of transforming healthcare delivery across Katsina State.

‘This approval by His Excellency is more than a financial intervention. It is a deliberate investment in the future of healthcare in Katsina,’ Shehu stated. ‘We expect the beneficiaries to honour this trust by excelling in their studies and returning to contribute meaningfully to the wellbeing of our people.’

He further noted that the Governor’s decision reflects a broader and long-term strategy aimed at expanding access to medical education, strengthening the local healthcare workforce, and ensuring the sustainability of medical services across the state.

‘Since assuming office, Governor Radda has remained steadfast in his commitment to transforming the health sector from improving infrastructure and expanding access to rural healthcare, to investing in the training and welfare of medical personnel and students.

‘This latest intervention adds to several ongoing reforms designed to build a resilient, efficient, and people-centred healthcare system in Katsina. Through initiatives such as the rehabilitation and upgrade of health facilities, the expansion of therapeutic nutrition centres, and the recruitment of skilled professionals, the Radda administration continues to strengthen the foundation for a healthier and more productive society,’ he stated.

The Hospital Services Management Board expressed its deep appreciation to the Governor for his continued support and visionary leadership, assuring that the approved funds will be disbursed transparently and utilised strictly for the benefit of all qualified students.

The Board also urged the beneficiaries to uphold discipline, hard work, and a sense of responsibility, stressing that their future success would stand as a reflection of the Governor’s faith in the potential of Katsina youth to drive transformation in the health sector.

By prioritising medical education, the Radda administration is not only nurturing the next generation of doctors but also reaffirming its belief that the true strength of a society lies in the health, knowledge, and resilience of its people.

Reps reverse plenary suspension, to resume Wednesday

The House of Representatives has announced that it will now reconvene for plenary on Wednesday, November 5, contrary to the earlier resolution to adjourn sittings until Tuesday next week.

The House had suspended its plenary session for one week as local contractors protesting non-payment for executed projects staged protest at the major entrance to the National Assembly complex in Abuja.

Lawmakers had said the protest made it difficult for them and their staff to access their offices.

However, in a statement issued just hours after the decision to suspend the plenary session, the Green Chamber clarified that the change in plans followed positive developments arising from engagements and interventions across various levels of government concerning issues that informed the earlier adjournment, particularly matters relating to contractors’ agitations and the non-release of funds under the 2024/2025 budget.

The development was formally conveyed to Honourable Members by the Clerk of the House of Representatives, Yahaya Danzaria, Esq., via an internal memorandum issued on Tuesday evening.

According to the communication, the early resumption will afford the Leadership of the House the opportunity to brief Members on progress recorded in resolving these issues and other related matters of national importance.

At Wednesday’s plenary, the House is expected to formally rescind its earlier adjournment resolution to enable proceedings to continue.

The Leadership urged all members to make the necessary arrangements to be in attendance.

What digital inclusion actually means for Africa’s next decade

Last November in Cape Town, I moderated a session titled ‘Picking the Right Lane: The Road to Digital Inclusion’.

A year later, I still replay that conversation, not out of nostalgia, but because the questions we asked then still matter today.

We’ve heard ‘digital inclusion’ in every strategy, summit, and press release. Everyone agrees it’s essential; few agree on what it actually looks like.

‘Infrastructure is essential, but if it isn’t paired with affordability, literacy, and trust, it becomes another barrier wrapped in fibre.’

To me, inclusion has never been about gadgets or connectivity. It’s about designing systems where people, regardless of where they start, can participate, create value, and shape outcomes.

One year later: What changed, and what didn’t

That afternoon at the EQL: HER Lounge in the Cape Town International Convention Centre, I sat alongside three remarkable leaders: Eng. John Kipchumba Tanui, Kenya’s Principal Secretary for ICT and the Digital Economy; Kate Dewing of Amdocs South Africa; and Sinal Govender of the Allan Grey Orbis Foundation.

We spoke about affordable internet, rural access, women’s participation, and the untapped potential of public-private collaboration. Each insight felt urgent.

And yet, a year later, many of those same challenges persist, not from lack of will, but because inclusion still sits in pilot mode while inequality scales faster than infrastructure.

That isn’t a critique; it’s an invitation.

Across Africa, extraordinary progress is happening, from Kenya’s Digital Superhighway to Nigeria’s broadband expansion and South Africa’s entrepreneurship ecosystems.

The issue isn’t innovation. It’s the alignment of intent. We don’t need to compete for credit; we need to start connecting capacity.

The architecture of inclusion

Inclusion, at its heart, is architecture. It’s how we design data systems, governance models, and market incentives to work together.

At eHealth Africa, where I lead Partnerships and Programs, we see this daily. Whether it’s solarising primary health centres across northern Nigeria or connecting frontline workers to national health data systems, the significant impact emerges only when technology, funding, and governance speak the same language.

The same is true across the digital economy.

Infrastructure is essential, but if it isn’t paired with affordability, literacy, and trust, it becomes another barrier wrapped in fibre.

We can build towers and still leave people disconnected, not because they lack signal, but because the systems around them don’t recognise their realities.

Collaboration as a competitive advantage

The world’s development landscape is shifting fast. Foreign-aid models are being rewritten. Budgets are tightening. Partnerships are being judged by outcomes, not promises.

Within that uncertainty lies a rare opportunity: that collaboration itself is becoming innovation.

Recent analyses from Devex and the World Bank point to a global reset, one where the lines between philanthropy and profit, between donor and investor, are blurring.

That should energise Africa, because it rewards what we already do best, i.e., adapt, co-create, and leapfrog.

Public-private partnerships are no longer charity projects; they are systems accelerators.

When designed transparently, everyone wins: governments gain resilience, businesses gain markets, and citizens gain dignity.

During our Cape Town session, Eng. Tanui said something that stayed with me:

‘When citizens trust digital systems, they invest their time, data, and creativity in them.’

That’s the new economy, an economy of trust.

Women as system builders

Too often, digital inclusion frames women as beneficiaries. They are also architects.

Africa’s digital future cannot run on half its talent. From coders to ministers, women are already driving this agenda, but scaling it requires structural recognition, not symbolic visibility.

That’s what made the EQL: HER Lounge special. It normalised women leading technical and policy discussions, not just ‘women’s panels’.

That shift matters. It signals to every young woman watching that leadership isn’t a seat you wait to be given; it’s a system you can build yourself.

Global headwinds, local resolve

Globally, we’re in an age of volatility, shifting aid priorities, new geopolitics, and big questions about how purpose and profit can coexist.

For African innovators, this might feel constraining. Yet it’s also the perfect environment to show the world what inclusive resilience looks like.

Although headlines debate funding cuts and fragile peace agreements, local actors keep building.

Youth-led enterprises are designing AI education tools. Governments are digitising services. Networks like the African Digital Health Networks are creating shared interoperability frameworks.

These are not isolated wins. They are the architecture of inclusion being built from the ground up.

Inclusion as a mindset, not a metric

Perhaps the biggest lesson since that 2024 session is this: inclusion isn’t a number. It’s a feeling of agency.

When a farmer in Kaduna tracks crop prices digitally, or a nurse in Bungoma updates immunisation data in real time, inclusion becomes tangible.

But it becomes transformative only when those systems are backed by governance that protects data, ensures affordability, and invests in continuous learning.

The goal isn’t to connect people to systems; it’s to make sure systems stay accountable to people.

The road ahead

I keep returning to that simple phrase we once used: ‘Picking the Right Lane.’

Over time, I’ve realised there isn’t a single lane; there’s an ecosystem of roads: policy, innovation, education, and finance, all intersecting in complex ways.

Our actual work is to design those intersections wisely, so no one gets stranded between them.

The future of digital inclusion will depend on how courageously we share power, data, and decision-making.

Because inclusion isn’t about catching up; it’s about building systems that make fairness the default.

That’s not a destination. It’s a discipline. And it’s the road worth staying on.

Stakeholders converge on Kigali to make blockchain relevance for Africans

Olubunmi Fabanwo, the lead convener of the Africa Blockchain Festival, has said making blockchain simple and relevant for Africans will be the focus as stakeholders converged on Kigali, Rwanda, to chart the continent’s pathway into the global digital economy.

‘The aim is to make blockchain simple and relevant for Africans. It is about connecting people with real opportunities and creating spaces where solutions can be shared,’ said Fabanwo, adding that the festival will also delve into unleashing untapped opportunities for African creatives.

The three-day festival, scheduled for November 7-9, 2025, will bring together regulators, investors, entrepreneurs, and young innovators from across the continent. According to the organisers, the festival will offer a forum for practical discussions on navigating emerging technologies in agriculture, business, governance, and entertainment.

Fabanwo also disclosed that the idea behind the festival had been in the works for four years before being finalized for 2025; saying that creativity knows no borders in the blockchain economy.

‘A designer in Lagos sells to a buyer in London without a middleman. A musician in Nairobi gets instant royalties from fans in California. A filmmaker in Accra raises funds directly from their audience. This is the power we want African creatives to harness,’ Fabanwo stated.

According to him, two flagship networking events are planned for the festival, which are ‘Kigali Digital Connect’ and the ‘Afro-Tech Connect Gala’ that will combine cultural showcases with technology demonstrations. ‘These sessions will highlight how Africa’s artistic identity gets amplified through digital solutions.’

Exhibitors will include both creative startups and tech innovators, while the festival will also give artists the chance to form partnerships with AI developers, blockchain platforms, and fintech companies.

Senate, NADDC commend Kojo Motors investment in auto assembly

The Nigerian Senate Committee on Industry and the National Automotive Design and Development Council (NADDC) have commended Kojo Motors for its investment in local automobile assembly and natural gas technology.

The commendation came during an oversight visit led by Francis Fadahunsi, chairman of the senate committee and Joseph Oluwemimo Osanipin, director general of the NADDC to the company’s ongoing multibillion naira assembly and gas facility plant, Umunya along the Onitsha-Enugu expressway in Anambra State.

The visit was aimed at evaluating progress in the implementation of Nigeria’s automotive policy and the growth of indigenous auto manufacturing capacity and how best the federal government can assist indigenous auto assemblers.

Ikenna Oguegbu, chairman and CEO of Kojo Motors, expressed delight over the lawmakers’ visit, describing it as a morale booster for local investors like him that are strongly committed to strengthening Nigeria’s industrial base.

Oguegbu said that the Kojo auto assembly plant resonates with the Renewed Hope Agenda of President Bola Tinubu administration.

During the facility tour, the team were given an overview and blueprint project. They were also taken round for inspection of the various OMAA and Yutong model of vehicles that run on Compressed Natural Gas (CNG) as well fuel and hybrid technology which enables vehicles to run on cleaner and cheaper fuel alternatives.

Speaking during the visit, the director-general of NADDC lauded Kojo Motors for aligning with the federal government’s National Automotive Industry Development Plan (NAIDP) and for its investment in gas-powered mobility.

‘Kojo Motors has demonstrated that local assemblers can play a vital role in Nigeria’s journey toward sustainable industrialisation.

‘Their work here proves that innovation and local production can go hand-in-hand,’ Osanipin said.

The senate committee chairman also lauded the untiring entrepreneurial spirit of Kojo chairman describing him as a model for indigenous industrial development.

Fadahunsi emphasised that the national assembly would continue to support policies that encourage local manufacturing and cleaner energy adoption in transportation.

‘We are impressed by what we’ve seen. Kojo Motors represents the kind of progress and private-sector drive that can redefine Nigeria’s industrial future. This is what we want to see replicated across all states,’ he said.

Kojo Motors’ founder said that the huge multibillion-naira project re-affirms the company’s commitment to expanding local capacity and job creation through technology-driven assembly operations with other positive business spin off effects within and around the vicinity.

He noted that the firm’s gas facility upon completion will not only support Nigeria’s energy transition, but will also offer consumers an affordable and eco-friendly transportation alternative.

INEC confirms 2.8m registered voters, 114 observer groups, 76 media organisations

The Independent National Electoral Commission (INEC) has confirmed that a total of 2,802,790 registered voters are eligible to participate in the Anambra State Governorship Election scheduled for Saturday, November 8, 2025.

Joash Amupitan, Chairman of INEC, announced this during the stakeholders’ meeting held in Awka on Tuesday, according to a statement by the Commission.

He said the figure followed a thorough voter registration exercise and cleanup of the database, which removed 27,817 invalid multiple entries and approved 5,983 voter transfers.

Amupitan revealed that INEC had extended the Permanent Voter Card (PVC) collection period to November 2, 2025 after discovering that only 63.9% of registered voters had collected their cards. All uncollected PVCs, he added, had been retrieved from local government offices and safely stored at the Central Bank of Nigeria (CBN) until after the polls.

The Commission has also accredited 114 observer groups and 76 media organisations, deploying more than 500 journalists to cover the election across the State’s 5,718 polling units and 21 local government areas.

In a bid to promote inclusivity, INEC, in collaboration with TAFAfrica, will deploy sign language interpreters to assist 3,456 registered voters with disabilities across polling units-an initiative described as a landmark in Nigeria’s electoral history.

Amupitan assured stakeholders that the Commission is fully prepared for a smooth and credible exercise, with all Bimodal Voter Accreditation System (BVAS) machines tested, configured, and ready for use. He added that the INEC Result Viewing Portal (IReV) would be used to upload polling unit results in real time.

He further disclosed that INEC had engaged 2,233 buses and 83 boats from the National Association of Transport Owners (NATO), National Union of Road Transport Workers (NURTW), and Maritime Union Workers of Nigeria (MUWN) to ensure timely movement of election materials and personnel.

The INEC boss commended the 16 political parties contesting the election for signing a Peace Accord under the auspices of the National Peace Committee, urging candidates and their supporters to shun violence and vote-buying.

‘INEC is leaving no stone unturned in its preparation for a credible, transparent, and inclusive election,’ Amupitan assured.

He reaffirmed that the Commission remains committed to strengthening Nigeria’s democracy through open engagement, technology-driven processes, and strict adherence to the Electoral Act 2022.