BrandArena

Africa’s Forex Market in 2026: Mobile Trading, Regulation and Education Reshape Trading Landscape

noreply@blogger.com (BrandArena) — Sat, 18 Apr 2026 14:11:00 +0000

Africa’s foreign exchange market is entering 2026 with stronger participation, tighter regulation and rapidly evolving technology, as traders adapt to a more sophisticated and competitive environment. Sub-Saharan Africa is projected to grow by 4.3% in 2026, while global forex turnover reached an estimated $9.6 trillion daily in April 2025, underscoring the scale of activity shaping global currency markets.

However, analysts say the most significant shifts are emerging from within the continent itself, driven by technology, regulation and financial infrastructure reforms.

Trading shifts decisively to mobile platforms

One of the most defining changes is the move towards mobile-first trading. More Africans now access financial markets via smartphones than through traditional banking systems. According to GSMA, Sub-Saharan Africa has over 1.1 billion registered mobile money accounts.

The International Monetary Fund has also noted that increased digitalisation and internet penetration are transforming payment systems across Sub-Saharan Africa.

This shift has lowered entry barriers for retail traders, enabling faster deposits and withdrawals and increasing market participation. As a result, brokers with strong mobile trading platforms are expected to hold a competitive edge in 2026.

Regulators tighten oversight across key markets

Regulation is becoming increasingly central to forex trading across Africa. In South Africa, the Financial Sector Conduct Authority (FSCA) oversees financial market conduct, while Kenya’s Capital Markets Authority (CMA) maintains a licensing framework for online forex brokers.

In Nigeria, the Securities and Exchange Commission (SEC) has warned that online retail forex trading can be vulnerable to abuse when unregulated, and continues to provide tools for investors to verify licensed operators.

The trend is pushing traders towards regulated brokers that demonstrate transparency, compliance and stronger investor protection.

Currency volatility remains uneven across regions

Despite growing integration, currency performance across Africa remains highly uneven. RegTech Afrika reports that 21 out of 54 African countries are expected to experience currency depreciation in 2025, with some currencies potentially losing over 6% in value.

Traders monitoring currencies such as the rand, naira, Kenyan shilling and Ghanaian cedi are increasingly relying on country-specific macroeconomic data, central bank policy decisions and US dollar movements rather than regional assumptions.

Cross-border payments gain momentum

Financial connectivity across Africa is gradually improving through platforms such as the Pan-African Payment and Settlement System (PAPSS). According to official updates, PAPSS is now operational in 18 African countries, including its 2025 rollout in Algeria, as well as integrations with Kenya’s KCB Group and Rwanda’s Bank of Kigali.

These developments are helping to reduce friction in cross-border transactions and enable more efficient settlement in local currencies.

Execution quality becomes a key differentiator

According to the Bank for International Settlements, three-quarters of global foreign exchange trades in April 2025 were intermediated through major financial centres including the United Kingdom, United States, Singapore and Hong Kong.

This global concentration means African traders remain heavily exposed to international liquidity conditions. As a result, execution quality, price reliability and platform stability are becoming more important than spreads alone. Brokers capable of delivering consistent execution are gaining a competitive advantage.

Education increasingly vital for retail traders

Trading education is also emerging as a critical factor in market survival. Disclosures from major brokers indicate that between 70% and 80% of retail investors lose money trading contracts for difference.

Industry observers say traders who understand risk management and can interpret financial news are significantly better positioned to navigate market volatility. Brokers investing in education and training are therefore being viewed less as intermediaries and more as long-term partners.

Prepared traders set to benefit

Overall, Africa’s forex market in 2026 is being shaped by mobile adoption, regulatory tightening, evolving infrastructure and increased emphasis on education. While opportunities continue to expand, analysts caution that success will increasingly depend on preparation, discipline and access to reliable trading tools.

Sony World Photography Awards 2026: Citlali Fabián wins Photographer of the Year and $25,000 top prize

noreply@blogger.com (BrandArena) — Sat, 18 Apr 2026 13:43:00 +0000

The Sony World Photography Awards has named Citlali Fabián as its Photographer of the Year 2026, awarding her the top prize of $25,000 for her series Bilha, Stories of My Sisters.

Now in its 19th edition, the prestigious global competition received around 430,000 entries from more than 200 countries and territories, underlining its status as one of the world’s largest photography contests. The overall winner was selected from 10 Professional category champions, each of whom also receives Sony digital imaging equipment.

Fabián, who hails from the Yalateca Indigenous community in Mexico and is currently based in London, uses her work to explore identity, territory, migration and community bonds. Alongside the cash award, she also receives Sony camera equipment and a solo showcase at the 2027 Sony World Photography Awards exhibition.

“Citlali Fabián is an artist from the Yalateca Indigenous community in Mexico, but is currently based in London. Fabian uses photography to explore themes of identity alongside territory, migration and community bonds.”

“As well as winning the title, Fabian received $25,000 in cash, plus a range of Sony camera equipment, as well as the opportunity to display a solo showcase at the next Sony World Photography Awards exhibition in 2027.”

The winning series includes portraits of Indigenous women and intergenerational storytelling, highlighting climate activism, language preservation and cultural heritage.

Elsewhere in the competition, Australian photographer Elle Lontiev was named Open Photographer of the Year for The Barefoot Volcanologist, a striking portrait of self-taught scientist Philip standing barefoot on volcanic rock on Tanna Island, Vanuatu.

“The Open Photographer of the Year title is awarded to a photographer who submitted a single image to the Open competition, available to enter by any photographer, whether professional or amateur. The overall winner was selected from the 10 category winners.”

In the Student Photographer of the Year category, Bangladesh’s Jubair Ahmed Arnob was recognised for his series The Place Where I Used to Play, which reflects on environmental loss, urbanisation and resilience. The judging panel also awarded Sweden’s Philip Kangas Youth Photographer of the Year for Saving History from the Flames, documenting firefighters rescuing artworks during a blaze at the Royal Academy of Fine Arts in Stockholm.

The competition also honoured legendary photographer Joel Meyerowitz with the Outstanding Contribution to Photography award, recognising his long-standing influence on the medium.

The Sony World Photography Awards exhibition is currently on display at Somerset House in London until 4 May, featuring more than 300 prints and hundreds of digital works.

Samsung unveils AI-powered TV innovations and Micro RGB technology at 2026 European showcase

noreply@blogger.com (BrandArena) — Sat, 18 Apr 2026 13:41:00 +0000

Samsung Electronics has presented its latest generation of AI-powered televisions and connected home experiences at its “Inside Samsung – The First Look Europe 2026” event in Frankfurt, marking two decades as the world’s leading TV brand.

The company used the showcase to introduce a new wave of display innovation, headlined by Micro RGB technology, alongside a more personalised and intelligent TV line-up designed to integrate seamlessly into everyday life.

“At Samsung, innovation is never just about what’s new – it’s about continuously challenging ourselves to bring the best viewing experiences, wherever and whatever you’re viewing,” said Benjamin Braun, Chief Marketing Officer, Samsung Europe.

“For 20 years, we’ve been the world’s number one TV brand by continuously challenging our own standards – from design-led moments like the Bordeaux TV back in 2006 to breakthrough display technologies like QLED and Neo QLED.

“These technologies come from years of engineering, design thinking and relentless innovation to form something beautiful. Today, we’re opening the next chapter of that with Micro RGB and a host of AI-powered experiences that make our screens more intelligent, more inclusive, and more personal than ever before.”

Charlie Bae, Director of Product Business Management for TV and Sound Devices at Samsung Europe, added: “For the past 20 years, Samsung has always led the TV market with a challenger mindset. That mindset continues today. At Inside Samsung The First Look Europe, we’re proud to introduce Micro RGB and a new wave of AI-driven innovation to the European market that pushes the boundaries of what people expect from a TV.”

Micro RGB technology takes centre stage

At the core of Samsung’s 2026 television range is Micro RGB, a new display technology that changes how colour is produced on screen.

Unlike conventional televisions that rely on white backlights and colour filters, Micro RGB uses individually controlled red, green and blue LEDs, each smaller than 100 micrometres, to generate colour directly. This approach delivers enhanced brightness, contrast and more accurate colour reproduction, achieving full coverage of the BT.2020 standard.

Initially launched with a 115-inch model, the Micro RGB range will expand in 2026 to include a 130-inch flagship, alongside additional sizes from 55 to 100 inches, making the technology accessible to a wider audience. The range is expected to be available in Europe from May.

The displays are powered by a Micro RGB AI Engine, which optimises picture and sound in real time, adjusting brightness, contrast and shadow detail to deliver a more immersive viewing experience across different types of content.

AI-driven personalisation with Vision AI Companion

Samsung’s 2026 line-up also introduces Vision AI Companion, a system designed to make interaction with televisions more intuitive through natural language commands.

Users can request information, recommendations or assistance in real time, whether during live sports, cooking programmes or general entertainment. The feature is available across the full 2026 range, including UHD models.

Key AI features include AI Picture Optimisation, which adjusts visuals based on content type, AI Sound Controller Pro for real-time audio customisation, and AI Football Mode, which enhances viewing settings for live matches.

Expanding OLED and lifestyle TV range

Samsung is also expanding its OLED offering, introducing Glare-Free technology across more models, including the S90H, S95H and S99H. The feature reduces reflections while maintaining colour accuracy, ensuring consistent picture quality in varying lighting conditions.

The flagship S99H model includes a Zero Gap wall mount for a near-flush installation, enhancing both design and ease of setup.

The company continues to develop lifestyle-focused screens, including The Frame Pro, which combines Neo QLED picture quality with art-inspired design, and Movingstyle, a portable smart screen with a built-in battery designed for flexible use across the home.

Audio innovation and long-term support

Samsung also introduced new audio products, including Music Studio 5 and 7 Wi-Fi speakers, developed in collaboration with designer Erwan Bouroullec, offering high-quality sound with a focus on aesthetics.

For larger spaces, Sound Tower provides powerful audio output alongside customisable lighting features aimed at social and sporting events.

As artificial intelligence becomes more central to the home experience, Samsung said all 2026 televisions will include enhanced security features and extended software support, with seven years of operating system upgrades to ensure continued access to new features and protections.

With its latest announcements, Samsung is aiming to strengthen its position in the global TV market while pushing forward new standards in display technology, artificial intelligence and connected home entertainment.

EFCC witness contradicts earlier claim in SunTrust MD’s $12m fraud trial

noreply@blogger.com (BrandArena) — Sat, 18 Apr 2026 13:02:00 +0000

A prosecution witness for the Economic and Financial Crimes Commission (EFCC), Hassan Dantani, on Friday contradicted his earlier testimony during the ongoing trial of the Managing Director of SunTrust Bank Ltd, Halima Buba, and her co-defendant, Innocent Mbagwu, over an alleged $12 million fraud.

Dantani, who is the Managing Director of Ashrab Corporate Forex and BDC Ltd, had previously told the court that he informed EFCC investigators that his Bureau De Change (BDC) licence was revoked by the Central Bank of Nigeria (CBN) in 2024.

According to the News Agency of Nigeria, a key issue in the case is whether the BDC used for the $12 million transaction conducted by Buba and Mbagwu, who serves as Executive Director and Chief Compliance Officer of SunTrust Bank, had a valid licence at the time of the transaction.

However, during cross-examination by Buba’s counsel, Johnson Usman, SAN, the witness admitted that his earlier claim was not reflected in his written statement to the EFCC, which had been admitted as Exhibit D1.

“In the course of the investigation in the case, you made a statement to EFCC. In making the statement, did you tell EFCC that your BDC licence was revoked?” the lawyer asked.

“Yes, I did,” Dantani responded.

Usman then referred him to pages 48 to 52 of Exhibit D1 and asked him to identify where he stated that his licence was revoked in 2024.

After reviewing the document, the witness told the court: “I did not see it.”

“Therefore, I will be correct to say you did not state so at EFCC based on Exhibit D1, that your licence has been revoked?” the lawyer asked, to which the witness admitted.

Dantani, the third prosecution witness, also confirmed he is a member of the BDC Traders Association in Wuse Zone 4, Abuja. He further told the court that his company remains operational and has not been wound up at the Corporate Affairs Commission.

He said he had no direct dealings or transactions with either Buba or Mbagwu.

The witness identified Suleiman Ciroma, the first prosecution witness in the case, as a fellow BDC operator and business associate.

Under questioning, Dantani admitted he did not inform individuals sent to collect funds from SunTrust Bank that his BDC licence had been revoked at the time. He added that although the licence had been revoked, he reapplied in 2025 and the process remains ongoing, noting that his N500 million deposit with the CBN is still intact.

He also told the court that neither Buba nor Mbagwu is a signatory to any of his personal or corporate accounts.

Dantani disclosed that he received $9.947 million on the instruction of Ciroma, with all funds paid into Ashrab Energy and Oil Services Ltd. He said $7 million of the amount was collected in cash.

According to him, the total sum was subsequently transferred to Oceangate Engineering Oil and Gas Ltd, a company owned by businesswoman Aisha Achumugu.

“The decision to transfer the money from Ashrab Energy and Oil Services Ltd was my personal decision,” he told the court, adding that he made a profit of N9.8 million from the transaction.

During cross-examination by Mbagwu’s counsel, Mustapha Ibrahim, SAN, Dantani confirmed Exhibit D1 as his only statement to the EFCC and said the transaction in question took place in March 2025.

He also told the court he could not recall making any additional statements to the EFCC beyond the one already admitted in evidence.

Airtel Nigeria suspends airtime and data credit services amid new lending regulations

noreply@blogger.com (BrandArena) — Sat, 18 Apr 2026 12:59:00 +0000

Airtel Nigeria has temporarily suspended its airtime and data credit services as it moves to comply with new regulatory requirements governing digital lending in the country.

The decision makes Airtel the second major telecom operator to take such action, following a similar move by MTN Nigeria.

The suspension follows the introduction of the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025, aimed at strengthening oversight of digital lending activities.

Under the new rules, services that allow subscribers to borrow airtime or data and repay on their next recharge are now classified as digital credit offerings. As a result, they must meet registration and compliance standards set by regulators.

The framework is enforced by the Federal Competition and Consumer Protection Commission, which requires all digital lenders to register or face penalties.

In a statement, Airtel confirmed that while its airtime and data credit services have been paused, customers will continue to access regular airtime and data purchases without disruption.

According to Airtel’s Director of Marketing, Ismail Adeshina, the move reflects the company’s commitment to regulatory compliance and consumer protection.

“This is a necessary and responsible step as we align our operations with evolving requirements… while continuing to innovate responsibly within Nigeria’s digital ecosystem.”

The development comes shortly after MTN Nigeria suspended its Xtratime service, signalling a broader industry adjustment to the new regulatory framework.

Telecom operators, including Airtel, MTN, Globacom, and 9mobile, are now required to formalise their digital lending services in line with the updated rules.

The Federal Competition and Consumer Protection Commission introduced the 2025 regulations as an extension of its earlier 2022 digital lending guidelines, intending to improve transparency, accountability and consumer protection in Nigeria’s fast-growing digital credit market.

The commission had initially set compliance deadlines, with penalties of up to ₦100 million for operators that fail to meet the requirements. Although timelines have been extended, companies are now taking steps to avoid potential sanctions.

For subscribers, the suspension means temporary loss of access to services that allow borrowing airtime or data during low balance periods. However, standard telecom services, including regular purchases and subscriptions, remain unaffected.

The move reflects a broader shift in Nigeria’s digital economy, where telecom-based services are increasingly being brought under financial regulation.

As oversight of digital lending tightens, operators will need to balance innovation with compliance, particularly as they expand into fintech-related offerings. In the short term, users may face limited access to credit-based telecom services, but the changes are expected to support safer and more transparent lending practices across the industry.

NITDA, NNPC deepen partnership to accelerate digital transformation in Nigeria’s energy sector

noreply@blogger.com (BrandArena) — Sat, 18 Apr 2026 12:57:00 +0000

The National Information Technology Development Agency (NITDA) and the Nigerian National Petroleum Corporation (NNPC) are strengthening collaboration to drive digital transformation across Nigeria’s energy sector.

The partnership, advanced through the Research, Technology and Innovation (RTI) Unit of NNPC, was the focus of a strategic engagement between the two organisations in Abuja, where discussions centred on leveraging emerging technologies to reposition the country’s energy industry.

Speaking during a courtesy visit by Mr. Olatomiwa Olaniyi, Director of the RTI Unit at NNPC, the Director-General of NITDA, Malam Kashifu Inuwa, stressed the need for a shift from traditional reliance on oil and gas exploitation to a more innovation-driven model.

According to Inuwa, this transition would be anchored on the adoption of technologies such as Artificial Intelligence (AI), the Internet of Things (IoT) and robotics, among others.

He noted that information technology has become a critical enabler across sectors, adding that innovation would play a defining role in shaping the future of energy production, efficiency and sustainability in Nigeria.

Inuwa outlined NITDA’s strategic priorities, including promoting digital literacy, developing local talent, strengthening research ecosystems and advancing indigenous technology solutions.

He added that reducing dependence on foreign technologies while encouraging homegrown innovation is essential for achieving digital sovereignty and long-term economic growth.

The NITDA boss also said the agency would support NNPC in building a strong innovation pipeline to connect the organisation with Nigeria’s growing startup ecosystem.

He explained that startups would be engaged through incubation programmes and innovation challenges to develop practical, industry-specific solutions for the oil and gas sector.

Inuwa further highlighted NITDA’s initiatives aimed at fostering innovation among young Nigerians, including members of the National Youth Service Corps.

“Many of our corps members are already creating solutions to real-world challenges through the agency’s programmes,” he said.

He added that effective implementation of the Nigerian Startup Act would be key to supporting emerging technology ventures and scaling ideas into viable commercial solutions.

Olaniyi said the engagement was designed to co-create solutions and establish a strong partnership framework to accelerate innovation across the energy value chain.

He emphasised that collaboration among government agencies, industry stakeholders and the technology ecosystem is critical to achieving sustainable innovation.

Presenting the mandate of the RTI Unit, Olaniyi said its focus is on driving excellence through innovation, leading to improved operational efficiency, enhanced revenue generation and sustainable growth across NNPC’s operations, including upstream, gas, power and new energy segments.

The One Show 2026 names 80 finalists from Middle East and Africa

noreply@blogger.com (BrandArena) — Sat, 18 Apr 2026 12:55:00 +0000

The One Club for Creativity has unveiled the finalists for The One Show 2026, with 80 entries from the Middle East and Africa among submissions selected from 51 countries and regions.

All finalists will receive either Gold, Silver or Bronze Pencils, or Merits, with winners to be announced during Creative Week 2026 on Thursday, 14 May, and honoured at The One Show awards ceremony on Friday, 15 May at Cipriani Wall Street in New York, the organisation said.

Ogilvy South Africa in Cape Town leads the region with 15 finalists, including 13 for its “Vaseline Verified” campaign. Accenture Song South Africa, also based in Cape Town, secured 13 finalists, all for The Philipstown WireCar Grand Prix on behalf of The Philipstown WireCar Foundation. Giant Films Cape Town follows with seven finalists, five of which are tied to the same project.

Three agencies earned six finalists each: Impact BBDO Dubai, including three for AnNahar Newspaper’s “The Untaught History Edition”; Joe Public Sandton, including two for Breast Cancer UK’s “Street Nipples”; and Promise Johannesburg, all for AfriSam’s “Unwanted Sites”.

Mermac Ogilvy UAE Dubai recorded five finalists for its “IKEA Affordable Masterpieces” campaign for Al-Futtaim IKEA.

Agencies with four finalists each include GForce Grey Almaty, Synthesis Agency Tashkent and VML Riyadh. CarrefourSA Istanbul secured three finalists, while Leo UAE Dubai, Saatchi & Saatchi UAE Dubai and TBWA \ Hunt Lascaris Johannesburg each earned two.

Edelman Johannesburg, Horizon FCB Dubai, Landor Dubai, M+C Saatchi Abel Johannesburg, The Odd Number Johannesburg and VML South Africa Johannesburg each received one finalist spot.

By country, South Africa leads the region with 48 finalists, followed by the United Arab Emirates with 18 and Saudi Arabia with seven. Kazakhstan and Uzbekistan recorded four each, while Turkey secured three.

Globally, Rethink Toronto leads with 47 finalists, followed by Uncommon Creative Studio London with 34. Apple in Cupertino, FCB Chicago and VML New York each have 26 finalists, while Courage Inc. Toronto has 23, Area 23 has 21, and LePub Mexico has 20.

This year’s global jury selected a total of 1,345 finalists from across 51 countries and regions.

Creative Week, now in its 17th year, remains a major annual gathering for the advertising and design industries, celebrating excellence across The One Show, the ADC Annual Awards and the Young Ones Student Awards.

The One Show ceremony on 15 May will also feature special honours including Best of Show, Best of Discipline, the inaugural One Show Members Choice Award and inductions into the 2026 Creative Hall of Fame.

Additional Creative Week programming includes the AI Creative Challenge, the Executive Creative Summit, a client pitch competition, portfolio reviews, the Type Directors Club lettering walk and a series of daily Morning Buzz panel sessions, the organisation added.

Oando posts 10% profit growth, confirms African Energy Week 2026 sponsorship

noreply@blogger.com (BrandArena) — Sat, 18 Apr 2026 12:04:00 +0000

Nigerian oil and gas company Oando Energy has confirmed its participation as an Emerald Sponsor at African Energy Week 2026, as the firm reported a 10 per cent year-on-year rise in profit after tax to ₦241.3 billion for the 2025 financial year.

The improved performance was driven by stronger upstream operations, increased crude and gas liftings, and higher gas sales volumes, underlining the company’s operational resilience and strategic focus despite a challenging macroeconomic environment. The results come ahead of African Energy Week 2026, scheduled to take place in Cape Town from 12 to 16 October, where policymakers, operators and investors will gather to advance deal-making and project delivery across Africa’s energy sector.

Oando Energy maintains a significant presence across Nigeria’s hydrocarbon value chain and continues to expand beyond domestic operations. In March 2026, the company signed a Production Sharing Contract for Block KON-13 in Angola’s onshore Kwanza Basin, securing a 45 per cent operated interest. The block is estimated to hold between 770 million and 1.1 billion barrels of prospective oil resources, positioning Oando among a limited number of indigenous African operators with upstream assets spanning multiple jurisdictions.

Its upstream subsidiary, Oando Energy Resources, holds interests in more than 14 oil and gas assets across Nigeria and São Tomé and Príncipe, covering over 22,400 square kilometres of gross acreage. The company’s infrastructure includes a 1,255-kilometre pipeline network, 14 flow stations and gas processing capacity exceeding 3.6 billion standard cubic feet per day. Average upstream production reached 32,482 barrels per day in 2025, supported by the full-year consolidation of NAOC Joint Venture assets.

Beyond hydrocarbons, Oando is expanding into renewable energy, with plans to establish a 1.2 gigawatt solar photovoltaic module assembly plant in Nigeria, including a recycling line to support local manufacturing and circular economy initiatives. The company has also partnered with Nigeria’s Rural Electrification Agency on solar projects aimed at improving access to clean energy in underserved communities.

“Oando Energy’s commitment as an Emerald Sponsor at African Energy Week 2026 reflects our conviction that Africa’s energy future will be defined not just by resource potential, but by companies that deliver operational excellence, drive cross-border growth and unlock value at scale. Oando stands ready to partner with governments, investors and industry leaders to accelerate projects, deepen regional integration and deliver energy solutions that power African prosperity,” said NJ Ayuk, Executive Chairman of the African Energy Chamber.

Oando Energy’s sponsorship underscores its confidence in Africa’s energy investment outlook and is expected to strengthen its engagement with key stakeholders, support capital mobilisation and contribute to discussions on the role of indigenous companies in driving sector growth and transformation across the continent.

Cellulant appoints Anthony Hernandez as COO to drive AI-powered operations, customer experience

noreply@blogger.com (BrandArena) — Sat, 18 Apr 2026 12:01:00 +0000

Cellulant has appointed Anthony Hernandez as Chief Operating Officer (COO) to lead its customer operations strategy and strengthen execution across the business as it deepens its footprint in Africa’s payments sector.

The appointment will see Hernandez oversee end-to-end customer experience, from onboarding and transactions to growth, while advancing operational automation and data-driven processes across the organisation.

Cellulant provides payment solutions to enterprises and global businesses operating across Africa through a single API that connects multiple markets and hundreds of payment methods. As the company scales, it is prioritising a stronger operational backbone to deliver consistent, reliable and transparent payment services to customers across the continent.

Commenting on the appointment, Chief Executive Officer of Cellulant, Peter O’Toole, said, “In payments today, trust is the real currency, and operational excellence is what earns it. As we continue to grow our volumes and support market-leading businesses across Africa and beyond, we are deliberately strengthening our operational foundations. Anthony’s role is to ensure we embed that operational discipline with intention, delivering consistent, high-quality experiences as we deepen our presence across markets and support our customers’ growth.”

Hernandez brings more than 25 years of global leadership experience across financial services, fintech and industrial sectors, with a strong track record in building and scaling operating models in complex, regulated and fast-growing environments.

He has held senior leadership roles at GE Capital, Xapo Bank and Demica, now part of FIS, where he led large-scale digital transformation initiatives, secured regulatory approvals and built global operating teams managing assets worth tens of billions of dollars.

Under his leadership, Cellulant plans to advance an automated, data-led operational framework designed to meet rising customer expectations around real-time visibility into fund status and settlements, alongside enhanced transaction monitoring to support compliance across its markets. The company also aims to leverage platform data to provide deeper insights that help customers optimise performance, manage risk and drive growth, while strengthening governance standards across regulated environments.

“Payment flexibility starts with access to the right options and is grown by how reliably those options work in practice,” said Anthony, COO at Cellulant. “Cellulant has built a powerful payment infrastructure for businesses operating across Africa, and I’m excited to join a team that is at the very heart of Africa’s digital economy. Our focus is now building the operational discipline and systems that ensure customers experience simple, reliable and frictionless payment experiences every time, while giving them the visibility and insight to grow their businesses.”

Canon launches coral reef conservation project in East Africa with new video initiative

noreply@blogger.com (BrandArena) — Sat, 18 Apr 2026 11:26:00 +0000

Canon Central and East Africa has expanded its Coral Conservation initiative, unveiling a new video that highlights efforts to protect and restore fragile coral reef ecosystems along Kenya’s coastline.

Beneath the waters of East Africa, coral reefs remain both rich in biodiversity and increasingly at risk, as global reef systems continue to decline at an alarming rate. Canon’s latest project seeks to draw attention to this environmental challenge by using imaging technology to document reef conditions, raise awareness and support conservation action.

Working in partnership with Kenya’s Oceans Alive Foundation, the initiative focuses on coral reef restoration, environmental monitoring and community-led conservation programmes. The project uses advanced imaging tools to capture the health of marine ecosystems, support scientific research and strengthen educational outreach aimed at local communities.

The newly released video showcases how visual storytelling can play a role in conservation, helping to make largely unseen underwater ecosystems more visible and better understood.

Canon says the initiative reflects its broader commitment to sustainability, responsible innovation and community engagement across Africa, while demonstrating how technology and partnerships can contribute to practical environmental solutions.

Turkish Airlines elevates travel experience on Nigeria routes with premium service, local flavours

noreply@blogger.com (BrandArena) — Sat, 18 Apr 2026 11:22:00 +0000

For many Nigerian travellers, flying is no longer just about reaching a destination; it is increasingly about the quality of the journey itself. On its Lagos and Abuja routes, Turkish Airlines combines global connectivity via Istanbul with a service philosophy rooted in Turkish hospitality, delivering a refined and thoughtfully designed travel experience.

A refined service approach on Nigeria routes

The OneTeam Passionately Turkish framework on Nigerian flights emphasises proactive engagement, visible presence and thoughtful interaction. Cabin crews are trained to connect naturally with passengers, anticipate needs and communicate with empathy and clarity throughout the journey.

This approach strengthens the overall onboard experience, reinforcing the airline’s commitment to hospitality that feels intentional, culturally aware and consistently premium on its Nigeria routes.

Business Class: personalised hospitality

In Business Class on Nigerian services, Turkish hospitality is expressed through personalised and proactive service. Passengers are welcomed warmly, addressed by name and assisted during seating. Cabin chiefs or pursers introduce themselves, helping to create an immediate sense of familiarity and reassurance.

Signature programmes such as Stopover in Istanbul and TourIstanbul extend the experience beyond the aircraft, allowing passengers to engage with Türkiye’s culture during transit. Additional attention is given to families and younger travellers, while any service disruptions are handled with clear and empathetic communication.

Enhanced Economy Class catering

As part of its commitment to comfort and cultural relevance, Economy Class catering on Nigeria routes has been refreshed to reflect local tastes. The updated offering, introduced in January 2026, features four rotating menus updated monthly, incorporating local flavours and red meat options shaped by passenger feedback.

Menu highlights include spiced beef cheeks served with jollof rice and slow-braised lamb tagine with vegetable couscous, underscoring the airline’s focus on thoughtful, passenger-centred service.

Through the OneTeam Passionately Turkish initiative, Turkish Airlines continues to deliver a consistent and premium onboard experience on its Nigeria routes, reflecting its broader hospitality standards across its global network.

NectarFi launches unified crypto platform after $170,000 pre-seed funding round

noreply@blogger.com (BrandArena) — Sat, 18 Apr 2026 11:13:00 +0000

NectarFi has announced the public launch of its unified financial platform, aimed at addressing fragmentation in the cryptocurrency space by offering users a seamless, all-in-one financial experience.

The platform is designed to replicate the convenience long associated with traditional banking, where users can manage multiple financial activities in a single place. For many crypto users, however, managing assets typically involves juggling several applications — one for storage, another for spending, others for transfers, trading or investment — often without building any recognised financial history.

NectarFi seeks to replace this fragmented system with a single, integrated solution. The company said its platform allows users to hold and manage digital assets through a self-custodial wallet, spend via Visa cards and global payment networks, trade cryptocurrencies without gas fee constraints, and invest in tokenised stocks alongside traditional crypto assets.

Before its public debut, NectarFi conducted a private access phase, onboarding more than 1,000 users across Nigeria, South Africa, Kenya, Ghana, Thailand, Indonesia, Brazil and Argentina. The company said this period enabled it to study real user behaviour across diverse markets and refine its offering ahead of launch.

The platform also supports cross-border transactions through multiple payment systems, including bank transfers in Nigeria, Pix in Latin America, Apaca Scan in Southeast Asia and Swift internationally. While blockchain infrastructure powers these services in the background, NectarFi said the interface is designed to be intuitive and accessible, requiring no advanced technical knowledge.

A key focus for the company is enabling users to build a recognised financial history through their on-chain activity. NectarFi said it is working to ensure that transaction records can support access to credit, addressing a long-standing gap in the crypto ecosystem where such data is often not recognised by traditional financial institutions.

The platform includes additional features such as in-app communication and financial planning tools. It is built on the Solana blockchain and operates with infrastructure partners including Perena, Raincards, Xstocks, Ondo, Jupiter and Privy. NectarFi said it has processed more than $7.2 million in transaction volume since its private rollout.

The company has raised $170,000 in early funding to support product development and expansion.

Commenting on the launch, Founder and CEO Felix Daniel said, “Crypto users have been spending, saving, and transacting for years with nothing to show for it when they need credit or a complete financial experience. We built NectarFi to change that. From PIX in Brazil to bank transfers in Nigeria to Swift globally, this is one app that works wherever you do."

COO and Co-founder Stephanie Okeke added, “Most people do not think about the pipes that move water through their homes. They just turn on the tap. We built NectarFi so that crypto users can finally have that same experience with their money, powerful infrastructure working quietly underneath a financial life that actually makes sense."

NectarFi said the platform is now available globally, with plans to expand its full feature set across regions over time.

Quest Merchant Bank unveils new brand identity to drive next phase of growth

noreply@blogger.com (BrandArena) — Tue, 14 Apr 2026 19:07:00 +0000

Quest Merchant Bank Limited has unveiled a new brand identity, signalling a key milestone in its evolution following a recent name change and reinforcing its strategic growth ambitions.

The refreshed identity reflects the bank’s direction as it strengthens its role as a trusted partner to institutions and investors, offering insight-driven financial solutions and a disciplined approach to long-term value creation.

Afolabi Olorode, Ag. MD/CEO,
QUEST Merchant Bank

Building on a strong legacy of execution and deep sector expertise, the bank continues to distinguish itself through measured decision-making, robust risk management and the ability to navigate increasingly complex market conditions. The new identity brings these strengths into sharper focus while highlighting a renewed commitment to growth, innovation and relevance in a changing financial landscape.

Quest Merchant Bank said it remains focused on supporting clients throughout their growth journey by unlocking opportunities, structuring transactions effectively and providing the clarity needed for confident financial decision-making in dynamic environments.

Commenting on the development, the Acting Managing Director and Chief Executive Officer, Afolabi Olorode, stated “Our new brand identity represents an important step in our journey as Quest Merchant Bank. It reflects both who we are and where we are headed, an institution grounded in experience yet firmly focused on the future. As we continue to evolve, our priority remains to provide our clients with the clarity, confidence, and strategic support they need to achieve their long-term objectives.”

The bank noted that the refreshed identity will be rolled out across its touchpoints, aligning its visual presence with its broader strategic ambition and ongoing investments in innovation, digital transformation and service delivery.

Quest Merchant Bank added that it remains committed to strengthening its position as a leading merchant bank, trusted by institutions and investors to unlock value and deliver sustainable financial outcomes.

Arsenal strike global partnership with Meta to expand fan engagement on WhatsApp and Facebook

noreply@blogger.com (BrandArena) — Sun, 12 Apr 2026 12:16:00 +0000

Arsenal have announced a new global partnership with Meta, the technology company behind Facebook and WhatsApp, aimed at enhancing digital engagement with supporters worldwide.

The collaboration will give fans access to new digital experiences and exclusive opportunities through Arsenal’s official WhatsApp channel and Facebook page. A series of fan-focused activations is also scheduled to take place at the Emirates Stadium throughout April.

Supporters participating in Arsenal’s Facebook communities will additionally have the chance to attend matches as part of the initiative.

The deal marks Meta’s most significant partnership in club football to date, adding to its existing sports collaborations, including with the Mercedes Formula One team.

For Arsenal, the agreement further strengthens its commercial portfolio following recent partnerships with ADT and HFM.

To mark the launch, a promotional video has been released across Arsenal, WhatsApp and Facebook platforms, including YouTube, Instagram and in-app channels.

“Our partnership with Meta builds on how our supporters already come together, wherever they are in the world, and will create more ways to feel closer and more connected to our club,” said Juliet Slot, chief commercial officer at Arsenal.

“As we continue to compete to win major trophies, partnerships like this play an important role in supporting that ambition and strengthening our connection with supporters.”

Lagos extends tax return filing deadline to 21 April 2026 amid surge in submissions

noreply@blogger.com (BrandArena) — Sun, 12 Apr 2026 12:02:00 +0000

The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing individual annual income tax returns to 21 April 2026, following increased activity on its electronic filing platform.

The agency expressed appreciation to taxpayers for their continued compliance and commitment to fulfilling their obligations.

In a statement issued by Monsurat Amasa-Oyelude, Head of Corporate Communications at LIRS, she said, "following the earlier extension granted to April 14, 2026, the agency has observed a significant increase in traffic on its eTax platform as more taxpayers endeavour to meet the filing deadline.”

She added that, “In view of this development, and to ensure that all taxpayers are provided with adequate opportunity to successfully complete their filings, LIRS hereby announces a further extension of the deadline, now set for April 21, 2026.”

According to the agency, the additional extension is intended to accommodate the high volume of submissions while ensuring accuracy and ease of filing for taxpayers.

LIRS reminded residents that filing annual income tax returns remains a statutory obligation and urged them to take advantage of the final extension to meet their civic responsibilities.

The Executive Chairman of LIRS, Dr. Ayodele Subair, reiterated that all filings must be completed electronically via the LIRS eTax platform, which remains the only approved channel for submission.

Taxpayers requiring assistance are advised to visit any LIRS office or contact the agency through its official communication channels.

Unilever builds 300,000-strong influencer network as it redefines modern advertising

noreply@blogger.com (BrandArena) — Sat, 11 Apr 2026 08:44:00 +0000

Unilever is dismantling the traditional advertising model that once defined consumer goods marketing, replacing it with a distributed influence system in which hundreds of thousands of voices now help shape brand trust and recommendations.

Speaking at a Barclays event, Unilever chief executive Fernando Fernandez said the company has rapidly scaled its advocacy network. Two years ago, Unilever worked with around 10,000 brand advocates; today, that figure has grown to nearly 300,000 people recommending its products across global markets.

The shift reflects a broader change in how consumers discover and trust products. Fernandez described influencers as part of a wider ecosystem of “other people’s recommendations”, which includes professionals and everyday users. The underlying principle, he said, is that credibility is increasingly generated outside the brand itself.

This approach sits within Unilever’s SASSY model, a framework built around contemporary relevance, social validation and continuous innovation. It is designed to ensure brands remain culturally current and shaped by consumer behaviour rather than imposed messaging.

Unilever’s investment in marketing has also increased significantly. Brand and marketing spend has risen from just over 13% of revenue four years ago to more than 16% today, and even higher when excluding its Foods division. Fernandez previously described earlier spending levels as “consciously uncompetitive”, acknowledging underinvestment in modern engagement strategies.

However, he stressed that scale alone is not the end goal. The company is still working to better understand the return on investment in a fast-changing ecosystem where effectiveness is influenced by shifting algorithms and evolving consumer behaviour.

Alongside its influencer-led strategy, Unilever is also placing greater emphasis on physical retail and large-scale cultural events. Stronger in-store visibility is becoming increasingly important as media channels fragment, while global platforms such as the FIFA World Cup are being used to connect categories like personal care with wider cultural moments.

The result is a marketing model that moves away from traditional one-way advertising towards participation, where brands rely less on direct messaging and more on trusted voices to shape consumer perception.

Ascott strengthens Nairobi presence with Citadines Westview signing amid rising hospitality demand

noreply@blogger.com (BrandArena) — Sat, 11 Apr 2026 08:28:00 +0000

The Ascott Limited, the wholly owned lodging business unit of Capitaland Investment (CLI), has announced the signing of Citadines Westview Nairobi, a 160-key hotel located in the capital’s established Kilimani district.

The new development will sit alongside the existing 162-key Somerset Westview Nairobi serviced apartments, creating a dual-brand offering aimed at strengthening Ascott’s ability to serve both short-stay and extended-stay guests across corporate, leisure and meetings markets. The property is scheduled to open in the first quarter of 2028.

Citadines Westview Nairobi has been designed to meet growing demand from corporate and leisure travellers, as well as the expanding meetings and conferences sector in Kenya’s capital.

Nairobi’s growing role as a regional business hub

Nairobi continues to reinforce its position as a leading East African business and investment hub, supported by rising corporate activity, infrastructure development and improved international connectivity. This growth is driving sustained demand for flexible, high-quality accommodation options across both short and long stays.

The latest signing strengthens Ascott’s long-term commitment to high-potential urban markets and builds on its existing presence in Kenya, where it already operates Somerset Westview Nairobi, with further developments in the pipeline.

Part of wider Africa expansion strategy

The Nairobi deal forms part of Ascott’s broader expansion across Africa, where the group has secured 10 new signings over the past year. Once fully operational, these developments will grow its regional portfolio from two properties today to 23 properties, with more than 2,800 units across 10 cities in eight countries by 2028.

Alongside Kenya, Ascott is also expanding in Morocco, Nigeria and Ethiopia, where two properties are planned for Addis Ababa’s Bole district, further strengthening its East African footprint.

Vincent Miccolis, Managing Director for Middle East, Africa and Türkiye at The Ascott Limited, said: “Nairobi is one of Africa’s most important commercial and lifestyle hubs, with strong fundamentals supporting continued growth in hospitality demand. This signing reinforces our commitment to the Kenyan market and reflects our focus on expanding in cities where we see sustained demand from both business and leisure travellers. We are honoured to further strengthen our partnership with Britam on this development, bringing together strong institutional investment and Ascott’s global operating expertise. By introducing Citadines alongside Somerset, we are able to offer a broader range of accommodation options that cater to different guest segments, while maintaining the quality and flexibility that define our brands.”

Ambrose Dabani, CEO and Principal Officer of Britam Holdings PLC, said: “This investment reflects our long-term confidence in Nairobi as a key economic and commercial hub in the region. We are focused on high-quality, resilient assets that deliver sustainable value over time. Partnering with Ascott allows us to combine strong real estate fundamentals with an experienced global operator, ensuring the development is well positioned to meet evolving demand for professionally managed accommodation in the market.”

Designed for modern urban living

Citadines Westview Nairobi will feature a mix of hotel rooms, studios and one-bedroom apartments, supported by amenities including food and beverage outlets, meeting and conferencing facilities, a swimming pool and a fully equipped gym.

The food and beverage offering will complement Somerset Westview Nairobi’s Jabu rooftop bar and La Mascotte restaurant, creating a more integrated lifestyle destination within the development.

Located in Nairobi’s Kilimani district, the property will offer access to key business and lifestyle hubs, providing flexibility and convenience for guests travelling for business or leisure, whether for short or extended stays.

Rite Foods partners Atti Theresa Foundation to deliver free medical outreach in Ogun community

noreply@blogger.com (BrandArena) — Sat, 11 Apr 2026 08:23:00 +0000

Rite Foods Limited has partnered with the Atti Theresa Foundation (ATF) to provide free medical services to residents of Ososa in Ogun State, as part of its commitment to sustainable community development and corporate responsibility.

The outreach, held on 28 March 2026, delivered essential healthcare services to more than 400 residents, reinforcing the company’s focus on driving social impact through its EYEC agenda, which prioritises education, youth empowerment, environmental stewardship and community development.

Residents benefited from a wide range of medical services, including general consultations, eye care with prescription glasses, dental treatment, physiotherapy and access to free medication. The programme also offered health education on hygiene, nutrition and disease prevention, aimed at improving long-term wellbeing.

The initiative targeted underserved groups such as women, children, the elderly and low-income households, many of whom would otherwise have limited access to healthcare services. In total, 401 people were treated, including 18 children, 136 men and 247 women. Several cases of hypertension, infections and vision-related conditions were identified early, enabling timely intervention.

Speaking on the initiative, Corporate Affairs and Sustainability Manager, Dennis Aideloje, emphasized the company’s strategic approach to impact “

“We are proudly Nigerian, and we truly care about our communities. Our EYEC sustainability agenda is built on creating real impact where it matters most. We believe that the real success of a business is directly linked to the difference it makes in society. This is what drives our efforts to deliver meaningful social impact, and this outreach today reflects that long-standing heritage. We are very pleased with the turnout and the positive difference we are making in our communities.”

The outreach was delivered in collaboration with healthcare professionals and community stakeholders, including the Atti Theresa Foundation, whose involvement helped expand access to quality care at no cost to beneficiaries.

Speaking on the engagement, the Founder of Atti Theresa Foundation (ATF), Aprezi Eniye Kelvin, commended Rite Foods Limited for its commitment to community wellbeing and its proactive approach to expanding access to healthcare. He also highlighted the importance of strategic collaborations in driving meaningful change “Sustainable impact happens when organizations align around a shared purpose. Rite Foods has demonstrated strong leadership with this initiative, and this outreach is a clear example of how partnerships can bring essential healthcare closer to communities, while also building awareness that lasts beyond the intervention.”

He further reiterated ATF’s mission of empowering communities through sustainable health initiatives, education, and advocacy aimed at improving quality of life.

One of the beneficiaries, Mrs Adeola Ogunleye, expressed her appreciation, “I’m truly grateful to Rite Foods for bringing this kind of healthcare to our community. I was able to see a doctor, check my eyes, and get medication all in one place without paying. This is something many of us cannot easily afford. Today has really made a difference for us.”

Community participation was also strengthened by the involvement of the Bigi Fans Club, whose mobilisation efforts supported turnout and coordination.

Beyond immediate healthcare delivery, the initiative helped strengthen trust and relationships between Rite Foods Limited and the Ososa community, reinforcing the company’s long-term commitment to sustainable impact.

Nigeria approves biometric passenger verification system for domestic airports

noreply@blogger.com (BrandArena) — Sat, 11 Apr 2026 08:10:00 +0000

The Federal Government has approved the rollout of a biometric passenger identity verification system, known as VPASS, across domestic airports in Nigeria, in a move aimed at strengthening aviation security and improving passenger identification processes.

The announcement was made by the Minister of Aviation and Aerospace Development, Festus Keyamo, in a statement issued through his spokesperson on Thursday.

The initiative forms part of wider reforms to enhance transparency, accountability, and operational efficiency in Nigeria’s aviation sector, while addressing long-standing gaps in passenger verification.

Contactless biometric verification system

According to the ministry, VPASS is designed as a contactless biometric verification platform that will ensure proper identification of all passengers across domestic airports.

The system is expected to eliminate loopholes in manual identification processes that have historically been exploited within the aviation ecosystem. It will also extend international-standard verification protocols to domestic flight operations, improving consistency across the sector.

The Federal Government added that the platform will eventually be expanded to include private aviation operations, strengthening oversight across all segments of air travel.

Deployment and implementation

Implementation of VPASS will begin with infrastructure rollout by VERXID Technologies Limited, followed by a nationwide sensitisation campaign to support adoption and compliance among passengers and aviation stakeholders.

Key aviation agencies, including the Federal Airports Authority of Nigeria (FAAN) and the Infrastructure Concession Regulatory Commission (ICRC), are supporting the project under a public-private partnership framework.

FAAN’s Director of Commercial and Business Development, Adebola Agunbiade, described the system as a step towards eliminating reliance on physical identification and enabling seamless passenger processing using facial recognition technology.

Improving security and efficiency

The VPASS system is expected to deliver several benefits across Nigeria’s aviation sector, including stronger identity verification, reduced cases of fraud and unauthorised boarding, improved revenue tracking through accurate passenger data, reduced human interference in airport processes, and faster, more efficient passenger processing.

Lesotho bans airtime and data credit services for under-18s to curb youth debt

noreply@blogger.com (BrandArena) — Sat, 11 Apr 2026 08:05:00 +0000

Lesotho has introduced new regulations banning airtime and data credit services for users under the age of 18, in a move aimed at protecting young people from accumulating debt in an increasingly digital economy.

Under the new rules, minors will no longer be able to access so-called “use now, pay later” telecom services, which allow users to borrow airtime or mobile data and repay the cost during their next recharge. While widely used for convenience, such services have raised concerns over their potential financial impact on younger users.

Regulators say the decision is rooted in consumer protection, warning that access to telecom credit exposes minors to early debt and possible exploitation. Even small advances, if poorly managed, can lead to deductions from future airtime purchases and additional charges.

Telecommunications providers in Lesotho are expected to enforce the restriction through SIM registration data and national identification systems. These mechanisms will automatically verify users’ ages before granting access to airtime or data advances, ensuring consistent implementation across the sector.

The policy reflects a broader shift across Africa, where mobile services are increasingly viewed as financial tools rather than simple communication platforms. Airtime and data now often serve as entry points to mobile money, online education and other digital services, bringing with them new regulatory considerations.

Industry observers suggest Lesotho’s move could influence similar policies in other African markets, particularly as governments seek to balance access to digital services with consumer safeguards. The development also underscores the role of parents and guardians in monitoring the financial activities of children in a digital environment.

Importantly, the restriction does not prevent minors from using mobile phones or accessing data. Instead, it limits their ability to borrow credit, with the aim of encouraging more responsible engagement with digital financial services.

For many, the decision represents a proactive step towards improving financial literacy and protecting vulnerable users. As mobile connectivity becomes essential for education, communication and social interaction, the challenge for policymakers is to ensure access while minimising risk.

Lesotho’s action, though limited in scope, signals a growing recognition of the need for stronger oversight in digital finance. It may yet serve as a model for other countries seeking to safeguard young users while maintaining the benefits of widespread mobile access.

CBN mandates single provider for PoS agents in sweeping overhaul of Nigeria’s fintech sector

noreply@blogger.com (BrandArena) — Sat, 11 Apr 2026 07:52:00 +0000

The Central Bank of Nigeria has introduced new guidelines for Point-of-Sale operators, including a controversial single-provider rule aimed at curbing fraud, reducing failed transactions, and restoring order across the fast-growing sector.

At the centre of the directive is a requirement that PoS agents must now operate through only one financial institution. Previously, many agents relied on multiple terminals from providers such as OPay, Moniepoint and traditional banks, switching between networks to avoid downtime and maximise earnings.

Under the new framework, that flexibility has been removed. Agents are now required to maintain a dedicated account with a single provider and use only registered devices. They must also operate from approved business locations and comply strictly with transaction limits and Know Your Customer requirements.

The regulator’s objective is to standardise operations and reduce systemic risk within Nigeria’s financial ecosystem.

Pressure mounts on a critical financial channel

Agent banking plays a central role in Nigeria’s economy, with more than 5.9 million active PoS terminals, and over eight million registered devices nationwide. These terminals process billions of naira in transactions daily and have helped expand financial inclusion from 56 per cent in 2020 to more than 64 per cent by 2023.

For millions of Nigerians, particularly in rural and underserved communities, PoS agents serve as the closest alternative to a bank branch, facilitating cash withdrawals, transfers and bill payments.

However, the sector’s rapid expansion has also exposed structural weaknesses, including frequent transaction failures, rising fraud cases and inconsistent operational standards.

From the regulator’s standpoint, the widespread use of multiple terminals has contributed to fragmented accountability, making it difficult to trace responsibility when transactions fail. It has also created loopholes that can be exploited for fraudulent activity, leading to data inconsistencies across platforms.

By requiring agents to operate with a single provider, the Central Bank aims to improve transaction traceability, strengthen anti-money laundering compliance, and reduce suspicious or duplicate transactions. The move reflects a broader regulatory approach that prioritises control and oversight over operational flexibility.

Increased risks for agents and shifting market dynamics

The policy is expected to significantly alter how agents operate. Previously, agents could switch between providers to manage network failures or high transaction costs. With that option removed, any service disruption from a chosen provider could directly affect daily income.

In a market where network reliability remains uneven, the increased dependence on a single platform introduces new operational risks for agents.

The directive is also likely to reshape competition within Nigeria’s fintech landscape. Providers known for strong network performance and reliability, such as OPay and Moniepoint, may benefit as agents gravitate towards platforms with the least downtime.

As the new rules take effect, the balance between regulatory control, operational efficiency, and financial inclusion will remain a key issue for stakeholders across the sector.

Nike set to replace Adidas as Champions League ball supplier from 2027

noreply@blogger.com (BrandArena) — Sat, 11 Apr 2026 07:38:00 +0000

Nike is poised to take over match ball supply duties for UEFA’s men’s club competitions, bringing an end to Adidas’s 25-year association with the Champions League and Decathlon’s role in the Europa League and Conference League.

The change will take effect from the 2027–2031 cycle, with Nike entering exclusive talks with UEFA to become the official match ball provider. The move signals a major commercial shift in European football, with the iconic Champions League ball set for a redesign after more than two decades.

The United States sportswear giant is understood to have outbid both Adidas and Puma, offering to nearly double UEFA’s current annual fee to around $45 million.

Adidas has supplied the Champions League ball since 2001, when it introduced the now-famous Finale design, featuring star panels inspired by the competition’s logo. The design has since become synonymous with elite European club football and has appeared in every Champions League match for over two decades.

Nike previously held the contract between 1997 and 2001, when its match balls featured simpler designs prominently displaying the brand’s swoosh.

Adidas is believed to retain rights to the star motif, meaning the final appearance of the traditional star ball will come at the 2027 Champions League final, scheduled for 5 June at the Estadio Metropolitano in Madrid.

Nike will work alongside UC3, the joint venture between UEFA and leading European clubs, to develop a new ball design for the competition.

The tender process for the match ball contract was managed by Relevent Football Partners, a sports media, sponsorship, and licensing company within a portfolio owned by Miami Dolphins owner Stephen Ross.

In a significant shift, the tender combined the Champions League, Europa League, and Conference League ball rights into a single package for the first time. Nike secured the contract across all three competitions.

The Europa League and Conference League balls are currently supplied by French retailer Decathlon under its Kipsta brand.

Relevent has introduced a number of commercial changes since securing rights to UEFA’s club competitions from 2027 to 2033, including ending a long-standing partnership structure and reshaping sponsorship deals.

Among those changes, the global beer sponsorship rights were awarded to AB InBev, ending a 35-year association with Heineken that dates back to the inception of the Champions League in 1992.

UPDC faces ₦10m fine over repeated failure to appoint independent director

noreply@blogger.com (BrandArena) — Sat, 11 Apr 2026 07:30:00 +0000

UPDC Plc, a leading Nigerian property development company, is facing a potential ₦10 million fine after repeatedly failing to appoint an independent non-executive director (INED) to its board, in breach of corporate governance principles.

The company disclosed in its 2025 corporate governance compliance report that the requirement does not apply to its board, a position it has maintained consistently since at least 2021.

The Financial Reporting Council of Nigeria (FRCN) requires companies submitting governance reports to adopt the “Apply and Explain” approach, which assumes full application of governance principles alongside clear explanations of how they are implemented.

“Not applicable is not a valid response,” the council stated in its reporting template.

UPDC’s continued non-compliance with Principles 2 and 7 of the Nigeria Code of Corporate Governance (NCCG 2018) raises concerns about transparency and board independence, potentially limiting shareholders’ ability to make informed assessments.

“Independent Non-Executive Directors bring a high degree of objectivity to the board for sustaining stakeholders confidence,” Principle 7 states.

Principle 2 further recommends an appropriate balance of executive, non-executive and independent non-executive directors, noting that a majority of board members should be non-executive, with most of them ideally independent.

Despite these provisions, UPDC has maintained a six-member board for five consecutive years, comprising five non-executive directors and one executive director, while repeatedly indicating “not applicable” in its FRCN reporting template.

Under the Financial Reporting Council of Nigeria Amendment Act 223, companies that fail to comply with governance requirements risk sanctions, including fines of up to ₦10 million or possible prosecution.

Turkish Airlines appoints new chairman and CEO in leadership shake-up

noreply@blogger.com (BrandArena) — Sat, 11 Apr 2026 07:22:00 +0000

Turkish Airlines has announced changes to its executive management structure, appointing Prof. Murat Şeker as Chairman of the Board and Ahmet Olmuştur as Chief Executive Officer as part of a broader leadership transition.

The national flag carrier said the appointments align with its corporate objectives and are aimed at strengthening governance and operational leadership.

Prof. Murat Şeker, who has held several key roles at the airline including Chief Financial Officer, has been named Chairman of the Board of Directors and the Executive Committee. He brings extensive experience in finance, treasury and investor relations, having overseen critical functions within the airline since his appointment as CFO in July 2016.

Prof. Şeker earned a degree in Industrial Engineering from Marmara University in 2000, followed by a Master’s in Economics from Sabancı University and a PhD in Economics from the University of Minnesota. He previously worked as an economist at the World Bank between 2008 and 2013, where he contributed to policy reports and research on innovation, entrepreneurship, international trade and economic growth in developing countries.

Prof. Murat Seker, Board Chairman, Turkish Airlines

Between 2013 and 2016, he served as Senior Vice President of Financial Institutions and Investor Relations at Ziraat Bank, managing international funding and relationships with financial institutions and investors. During this period, he also held board roles across several subsidiaries.

Prof. Şeker has been a member of the Turkish Airlines Board and Executive Committee since March 2021 and also serves on the boards of Turkish Technic and SunExpress. He joined the Financial Advisory Council of the International Air Transport Association in 2024 and has served as its chair since 2025, advising on financial sector policy matters.

Alongside his corporate career, he has remained active in academia, lecturing part-time at Boğaziçi University between 2015 and 2018 and attaining the title of Professor in December 2025.

As part of the leadership changes, Ahmet Olmuştur has been appointed Chief Executive Officer, having previously led the airline’s commercial operations as Chief Commercial Officer.

Born in Istanbul in 1980, Mr Olmuştur studied Business Administration at Marmara University and obtained an MBA through an international programme delivered in partnership with institutions in New York, London and Paris.

He began his career at Turkish Airlines in 2000 as a part-time employee at the airline’s call centre before progressing through roles in revenue management. Over the years, he held positions including Manager of Global Distribution Systems, Manager of Revenue Management and Pricing, and Senior Vice President of Revenue Management.

Since 2014, he has led marketing and sales operations, later becoming Chief Commercial Officer in 2024. His contributions have spanned route network planning, pricing strategy, customer experience and the development of the Miles&Smiles loyalty programme.

Mr Olmuştur also serves as a Board Member and Audit Committee Member of SunExpress, a Board Member of Turkish Technic, and a member of the IATA Distribution Advisory Council. He is actively involved in several organisations, including the Prof Fuat Sezgin Research Foundation for the History of Islamic Science, the Turkish Golf Federation, the Tourism Development and Education Foundation, and the Turkish National Olympic Committee.

Turkish Airlines said the new leadership structure is expected to support its ambitions to strengthen its position in global aviation through sustainable growth, strong human capital and a continued focus on passenger experience.

LG commissions solar-powered borehole in Imo community to boost clean water access

noreply@blogger.com (BrandArena) — Sat, 11 Apr 2026 07:11:00 +0000

LG Electronics has commissioned a solar-powered borehole in Omuafor community in Aboh-Mbaise, Owerri, Imo State, expanding access to clean and safe water while marking its first renewable energy-driven water project in south-eastern Nigeria.

The project was unveiled at a ceremony attended by community leaders, residents and the traditional ruler, underlining its social and cultural importance. Designed to operate independently of grid electricity, the borehole uses solar power to ensure a reliable and sustainable water supply.

Speaking at the event, Head of Corporate Marketing, LG Electronics Nigeria, Mr. Paul Mba, said access to clean water remains fundamental to healthy living and inclusive development, adding that integrating solar technology would guarantee an uninterrupted supply while reducing environmental impact.

“At LG, we believe that innovation should create meaningful impact beyond products. This solar-powered borehole project reflects our commitment to sustainability, community well-being, and improving everyday life for Nigerians,” he said.

The initiative is expected to improve living conditions in the community by supporting better hygiene, reducing the risk of waterborne diseases, and easing the burden of sourcing potable water. It is also anticipated to benefit women and children, who are often most affected by limited access to clean water.

L-R: Mbaise Konkon Community Chairman, Elder Uchenna Ohalpugwu and Mbaise Community Secretary Eze John Aguwamba, Mr. Paul Mba, Head Corporate Marketing, LG Electronics, Udo, Ezinihitte Mbaise, Chairman, Mr. Collins Uchenna, Eze Cabinet Member, Nze Arch. Leo Ogbonnaya and Eze, Omuafor Kingdom, His Royal Highness Dr. Eze Justin Nwaneri at the commissioning of LG’s expanded Environmental, Social, and Governance (ESG) initiative, marked by the donation of a solar-powered borehole providing clean water to the Unugaragu Enyiogugu Komkom Mbaise community in Owerri, Imo State.

The Eze of Omuafor Kingdom, His Royal Highness Dr. Eze Justin Nwaneri, described the project as a milestone for the community.

“This solar-powered borehole is a historic and welcome development for our community. Access to clean water is vital to our people, and we commend LG Electronics for partnering with us to deliver a sustainable solution that will benefit both present and future generations,” he said.

Community leaders also welcomed the initiative, noting that it addresses a critical local need and demonstrates the value of collaboration between corporate organisations and traditional institutions.

The borehole system, powered entirely by renewable energy, is designed to provide a consistent and environmentally responsible water supply, particularly in areas where electricity infrastructure is unreliable.

Public Relations and Sustainability Manager, LG Electronics Nigeria, Mr Moses Osime, said the project forms part of the company’s broader Environmental, Social and Governance strategy, which focuses on delivering shared value through sustainable innovation.

He noted that LG continues to integrate renewable energy, responsible resource use and community development into its global operations, while in Nigeria the company remains committed to using technology to address societal challenges and support inclusive growth.

Also speaking, the Udo Chairman, Mr Collins Uche, said the project would significantly improve quality of life in the community.

“The impact of this project on our daily lives cannot be overstated. Reliable access to clean water will improve health, reduce hardship, and support overall community wellbeing. We are grateful to LG for responding to a real need with a lasting solution in our community,” he said.

The project reflects LG’s continued efforts to align global sustainability goals with practical local interventions, as the company explores opportunities to expand similar initiatives across Nigeria.