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Polaris bank enrols in PAPSS for customers seamless trade and payments across Africa

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Polaris Bank, Nigeria’s leading digital retail Bank, has enrolled in the Pan-African Payment and Settlement System (PAPSS). The cross-border financial infrastructure empowers the Bank’s existing and potential customers to execute trade and payments across Africa seamlessly.

The inter-African trade payment gateway is a solution designed to empower those who trade international within African continent, with streamlined, efficient, and secure payment processes.

Speaking on the digital payment gateway, Polaris Bank’s Group Head, Global Trade Business, Ayo Adesanya, said the launch of PAPPS underscores the Bank’s commitment to leveraging innovative solutions to simplify processes for customers.

The Banker added that PAPPS is embedded with several unique key features and delivers immense benefits for the Bank’s current customers and prospects. These features include seamless transaction management; meaning merchants and those involved in regional trade can now initiate and track cross-border payments within a single, user-friendly platform.

“The payment gateway offers a centralized hub for managing transactions, and hitherto multiple currency exchange systems. This feature reduces currency exchange risks and associated costs, ultimately benefiting our customers’ bottom lines.” she further disclosed.

PAPPS also bolsters compliance and security as the payment gateway incorporates robust security measures to safeguard sensitive financial information, ensuring that transactions are executed securely and in compliance with international regulations.

“Polaris Bank signing up to PAPPS, developed by AfreximBank, is poised to ease international trade by simplifying payment processes, reducing risks, and enhancing efficiency. It empowers businesses to seize new opportunities in the continent and regional marketplace,” the Group Head stated.

Polaris Bank was adjudged Digital Bank of the Year in 2021 and 2022, 2023 by Business Day’s Banks and Other Financial Institutions (BAFI) Awards. It also emerged as the Best MSME Bank of the Year in 2022 and 2023 because of its ability to use technology to enable bottom-up support to the MSME sector.

 

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Two Nigerians win Germany Science awards

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Two Nigerian-born scientists—Adesola Adegoke, a researcher at Arizona State University (ASU), and Seunnla Adelusi, a PhD candidate at the Université de Sherbrooke, Canada—have been named among the 20 global winners of the Digital GreenTalents Award 2025.

These two Nigerians were announced among the winners during a virtual ceremony held on 25 November. In a statement following the virtual announcement ceremony, the organisers said the 20 awardees for this year joined from different time zones, including “very early morning in Canada and evening hours in the Philippines.”

The digital Green Talent Award is an annual initiative of the German Federal Ministry of Education and Research (BMBF) that recognises outstanding young researchers whose work advances sustainability through digital innovation.

Each year, 20 scientists are selected from a competitive global pool for their cutting-edge ideas at the intersection of digitalisation and environmental sustainability.

 

 

 

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Gov Alex Otti visits Nnamdi Kanu in Sokoto prison

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Alex Otti, the Abia State Governor, on Sunday paid a visit to the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, at the Sokoto Correctional Centre.

The governor was accompanied by officials of the Sokoto State Government during the closed-door visit.

Nnamdi Kanu was recently moved to Sokoto after he was convicted on terrorism-related charges and handed a life sentence by a Federal High Court in Abuja.

Governor Otti had earlier promised to pursue every lawful and political avenue to ensure that Kanu gets justice. Sunday’s visit is seen as part of ongoing efforts by the Abia State Government regarding his case.

Details of the meeting were not made public as of the time of this report.

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Terrorists abduct bride, bridesmaids in Sokoto attack

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Armed terrorists have abducted a bride-to-be, her bridesmaid, and eight other residents from Chacho village in Wurno Local Government Area of Sokoto State

The Sokoto abduction occurred around 1:30 a.m., according to residents, when the attackers stormed the village. Most of the victims were women, with only one man also taken.
One resident sustained injuries and is receiving medical treatment. Villagers told reporters that the bride was preparing for her wedding scheduled for later that morning when the raid struck, plunging the community into shock and mourning.

A community member described the attack as “tragic,” noting the delay in security response. “Security operatives were alerted immediately, but they only arrived about an hour after the bandits had fled,” he said, expressing frustration.

 

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