General News
NGX, stakeholders advocate inclusive fintech growth
Group Chairman, Nigerian Exchange Group (NGX Group), Dr Umaru Kwairanga, has called for more collaboration among regulators, financial institutions, technology companies and other stakeholders to deepen financial inclusion and strengthen Nigeria’s digital financial ecosystem.
Kwairanga made the call in Lagos while delivering his address as Chairman of the third Business Journal Fintech and Financial Inclusion Roundtable.
The theme of the conference was “Fintech: Driving the Future of the Digital Financial Ecosystem in Nigeria”.
The conference was convened by Prince Cookey, Publisher and Editor-in-Chief of Business Journal Media Group.
The chairman said although Nigeria had built one of Africa’s most vibrant fintech ecosystems over the past decade, stakeholders must ensure that innovation translated into broad-based economic opportunities for all citizens.
According to him, financial inclusion should go beyond increasing the number of bank accounts and digital wallets.
He said it should enable individuals and businesses to build financial resilience, access capital, grow wealth and participate meaningfully in the economy.
He stressed the need to extend digital financial services to small businesses, women, young entrepreneurs and underserved communities that remained outside the formal financial system.
Kwairanga said trust remained the foundation of innovation, noting that consumers would only embrace digital financial services if they were confident that their transactions were secure, their data protected and the financial system operated with integrity.
“Building this trust requires collective action.
“Regulators must continue to encourage responsible innovation while safeguarding market stability.
“Financial institutions and technology companies must work together to expand access.
“Stakeholders across the ecosystem must continue investing in digital infrastructure, cybersecurity and financial literacy to ensure that technology serves as an enabler of opportunity,” he said.
“A sustainable progress can only be achieved through collaboration among government, regulators, businesses and technology providers,” Kwairanga said.
He expressed confidence that Nigeria could emerge as a leading digital financial hub in Africa, making reference to the country’s youthful, innovative and technology-driven population.
Kwairanga said achieving that goal would require supportive policies, strong institutions and continuous innovation.
Meanwhile, the Chief Executive Officer of PufferPay Ltd., Mr Emmanuel Ovaga, called on fintech operators, regulators and investors to invest more in consumer education and cybersecurity to sustain Nigeria’s digital financial ecosystem.
He said while the Central Bank of Nigeria (CBN) had introduced policies that had strengthened the fintech ecosystem and helped reduce the country’s unbanked population, more efforts were needed to educate users of digital financial services.
According to him, increasing digital adoption without corresponding awareness of cyber risks could expose millions of Nigerians, particularly those in underserved communities, to fraud and other financial crimes.
“We must invest not only in cybersecurity but also in educating the people who use fintech services, especially those with limited access to financial literacy and cybersecurity awareness,” he said.
Ovaga urged consumers to report security gaps and share feedback with fintech providers to improve digital products and strengthen the ecosystem.
“The future of Nigeria’s digital financial ecosystem depends on innovation, collaboration, consumer trust and responsible regulation,” he said.
Also speaking, Dr Muda Yusuf, Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), said the gains recorded in financial inclusion should be leveraged to expand access to other financial services, including credit, pensions and insurance, particularly for Micro, Small and Medium Enterprises (MSMEs).
He urged stakeholders to provide greater support for fintech companies to bridge the financing gap facing small businesses as he emphasised the need to strengthen cybersecurity and sustain consumer confidence.
According to Yusuf, any erosion of trust in the digital financial ecosystem could undermine the significant progress made by the fintech industry in advancing financial inclusion.
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, urged investors to take advantage of emerging opportunities in the fintech ecosystem to expand financial access and support business growth.
She said that while fintech had delivered significant benefits, stakeholders must continue to address emerging risks through collaboration, innovation and effective regulation to sustain growth in the sector.(NAN).
Business and Economy
NCC commends Glo’s efforts on customer service

The Nigerian Communications Commission (NCC) the telecoms industry regulator, has commended Globacom on its outstanding performance in consumer complaint management and resolution.
In a letter to the company, which was signed by Kabiru S. Haruna, Principal Manager, Consumer Protection & Advocacy
Consumer Affairs Bureau (CAB), the Commission expressed happiness at Globacom’s treatment and resolution of customer issues during the month of August, 2026.
The letter read in part: “We are pleased to note that your organization achieved and surpassed the Commission’s complaint resolution thresholds of 90% and 97% for Level 2 (L2) complaints. This accomplishment reflects your commitment to regulatory compliance, consumer satisfaction, and the continuous improvement of service delivery.”
NCC noted that Globacom’s dedication to timely complaint resolution and adherence to established Service Level Agreements (SLAs) put in place by the Commission has contributed significantly to enhancing consumer confidence and promoting a positive customer experience within the telecommunications sector.
The Commission further encouraged Globacom to sustain this level of outstanding performance while continuing to implement measures aimed at further improving service quality and consumer satisfaction.
Globacom noted that constant training of its customer-interfacing staff and investment in the latest technology were responsible for observed improvement. The company promised not to relent in this regard.
Business and Economy
TCN, NISO, KEDCO, others meet in Kano to map out outage, load diversion on Kumbotso-Dan Agundi 132KV transmission line

By Chidera Orji
The Transmission Company of Nigeria (TCN), Kano Region, has held a coordinating meeting with Nigerian Independent System Operator (NISO), Kano Electricity Distribution Company (KEDCO), project contractors, and Kano State Ministry of Works, aimed at discussing a proposed outage and load diversion for the elongation of Towers 27 and 28 on the Kumbotso–Dan Agundi 132kV Transmission Line.

The meeting, which was held on Monday, October 5, , at the Regional Conference Room, Kano, was chaired by General Manager (Transmission), Kano Region, Engr. M. K. Bello, according to press statement made available to DISCLOSURE News by the Management of Transmission Company of Nigeria (TCN), yesterday.
In his opening remarks, Engr. Bello expressed confidence in the contractors’ competence but emphasized that they must thoroughly assess all proposed technical connections and switching arrangements before implementation to ensure operational safety and network reliability.
Also speaking at the meeting, the NISO Regional Operations Coordinator (ROC), Engr. Kunle Egbedinni, stressed the need for strict Grid Code compliance, particularly the requirement to submit planned outage applications at least 14 days in advance for approval.
The Head, Operations and Maintenance, KEDCO, Engr. Sabiu Haruna proposed diverting the load served by Dan Agundi 132kV Substation to alternative substations, including Dakata 132kV, Tamburawa 132kV, Rimin Zakara 330kV, Kumbotso 330kV, and Wudil 132kV substations, within a proposed two-day outage window.
Participants reviewed network capacity and alternative supply arrangements for the exercise. They observed that Hadejia 132kV Substation could not absorb the full 60MW load earmarked for diversion, and assessed supply options from the Tamburawa, Rimin Zakara and Dakata substations. They also emphasised the need to ensure the safety of personnel and equipment.
The meeting concluded with all stakeholders committing to strengthen inter-agency coordination, ensure regulatory compliance, and facilitate timely project execution.
General News
APC appoints Wike, Gov Adeleke as campaign coordinators

The All Progressives Congress (APC) has released a revised list of its Presidential Campaign Council for the 2027 general elections.
It appointed the Minister of the Federal Capital Territory (FCT), Nyesom Wike, and Governor Ademola Adeleke of Osun State to key campaign positions.
Wike will coordinate President Bola Tinubu’s re-election campaign in Rivers State and the FCT, while Adeleke has been named the campaign coordinator for Osun State.
The appointments were contained in a notice obtained on Tuesday, which announced the inauguration of the campaign council for Wednesday, October 14, 2026, at the Banquet Hall of the Presidential Villa, Abuja.
The revised list also names Delta State Governor Sheriff Oborevwori as Director of Finance, while Governor Dapo Abiodun of Ogun State and Zacch Adedeji, chairman of the Nigeria Revenue Service (NRS), will coordinate fundraising.
Senator Ibrahim Dankwambo, a member of the Peoples Democratic Party (PDP), has been listed among the campaign council advisers alongside Obafemi George, who will also advise on media matters.
Deputy Speaker of the House of Representatives Benjamin Kalu has been appointed Deputy Director-General for South II, while Rivers State House of Assembly Speaker Martin Amaewhule will serve as South-South Deputy Coordinator for State Assemblies mobilisation.
Minister of Works David Umahi has also been named Deputy Director-General for Infrastructure and Sensitisation.
In the media and communications team, the list includes Minister of Aviation and Aerospace Development Festus Keyamo, Abdulmumin Jibrin, Lere Olayinka, media aide to Wike, and Segun Sowunmi.
Former Super Eagles captain Joseph Yobo has been appointed Deputy Director for Sports Sector Mobilisation, while businessman Ayiri Emami will serve as Director of Special Duties.
Former Kano State Governor, Abdullahi Ganduje, has been named Director of Stakeholder Mobilisation, while former Lagos State Governor Babatunde Fashola will coordinate stakeholder mobilisation in the South-West.
Senator Abdulaziz Yari retains his position as Director-General of the campaign council, with Senator Adams Oshiomhole serving as Deputy Director-General for Mobilisation and Femi Gbajabiamila as Deputy Director-General for Administration.
Governor Hope Uzodimma of Imo State also retains his position as secretary of the council. APC National Secretary Senator Ajibola Bashiru and Hadiza Bala-Usman will serve as deputy secretary and assistant secretary, respectively.
Dele Alake remains the campaign council’s spokesman, while James Faleke will oversee election planning, coordination and monitoring as Deputy Director-General.
The revised list follows controversy over the composition of the campaign council initially unveiled in August.
President Tinubu had constituted the council ahead of the 2027 general elections, with himself as chairman and Vice President Kashim Shettima as vice chairman. APC National Chairman Nentawe Yilwatda was also named a vice chairman.
Yari was appointed Director-General, while the initial list generated controversy over the inclusion and exclusion of some political figures and party leaders.
The Presidency had previously dismissed reports that the list was withdrawn for a comprehensive review, maintaining that it remained valid but could be adjusted where necessary.
Sunday Dare, Special Adviser to President Tinubu on Media and Public Communication, made the clarification during an interview on Channels Television’s Sunrise Daily.
Dare explained that the campaign structure was still being developed and that additional names would be included in the subcommittees yet to be constituted.
“As it is with every other list, there’s a room for subcommittees. Those subcommittees have not been formed, and so many other names will come into that subcommittee,” he had said.
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