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PayU moves to connect businesses to N200bn online payment market.

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PayU has rolled out strategies to intensify efforts to connect businesses to Nigeria’s online payment market. Annual online payments in Nigeria is estimated to surpass N200 billion this year from N167 billion in 2016.

Country Manager of PayU Nigeria, Ms Juliet Nwanguma,  says, “In order to pursue PayU’s aggressive expansion in the online payment market in Nigeria, we have identified businesses that can benefit from our  global expertise across 16 markets where we offer over 250 payment options.”

With over 2.3 billion users world-wide, PayU is confident it can help businesses grow their market share and help them to achieve their business objectives.

Data recently released by the Nigeria Interbank Settlement System (NIBSS) showed that 5.5 million transactions worth N46.7 billion were generated through online sales in the first quarter of 2017. This is an increase in the quarterly average of 3.5 million transactions worth N33 billion in 2016. This 58% growth is a clear indication of the increased confidence and preference for online sales amongst Nigerians.

The double digit growth, according to Nwanguma, is far below the potential of the market for online payments in Nigeria.

We have identified businesses that can benefit from our global expertise across 16 markets where we offer over 250 payment options

Nwanguma noted that in a country of over 180 million people, consisting of 61 million active bank customers and where e-payment transactions are worth N56 trillion in a year, the potential for online payments in Nigeria is huge and waiting to be tapped.

She disclosed that the mission of PayU is to leverage on Nigeria’s 97 million active internet users to popularise and increase online payments in Nigeria.

“At PayU, we believe that with the deployment of appropriate strategies and products which are designed to encourage more businesses to adopt online payment, the market in Nigeria can record triple digit growth in both volume and value of online payments. This is the driving philosophy of PayU’s operations in Nigeria” she said.

Since last year when we entered the Nigerian market, we have used our globally tested products such as tokenisation, recurring payments for subscription services and single click payments for faster checkout. Our range of services according to different business categories especially the PayU Easy service allows start-ups to start selling online instantly without the need of a bank account or trading history. ”

“PayU has succeeded in successfully assisting small, medium and large organisations with their online payments. In particular, the robust and flexible features of PayU Plus and PayU Enterprise have assisted merchants to grow and expand their online payment business.”

PayU offers merchants safe, secure, online shopping.  Their products are   PCI DSS Level 1 compliant which mean they are required to meet extremely stringent security criteria. All card details are secured by secure socket layer (SSL) and transfer layer security (TLS) encryption and reinforced through various encryption processes in order to provide protection for all payment information.   They also are 3D secure enabled which gives consumers added security when shopping online.

The increased preference for online payments among Nigerians offers new opportunity for businesses to increase patronage and grow revenue.

The global expertise of PayU, combined with its easy-to-use and secure online products provide the channel to leverage on this opportunity and achieve business objectives.

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Twelve Inmates Escape in Kotonkarfe Jailbreak

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Twelve inmates have escaped from the Federal Correctional Centre in Kotonkarfe, Kogi State, following an early morning jailbreak on Monday.

Confirming the incident, the Kogi State Commissioner for Information, Kingsley Fanwo, described it as “unfortunate” and assured the public that the government, in collaboration with security agencies, was taking measures to prevent a recurrence.

According to Fanwo, law enforcement officers have already re-arrested one of the escapees.

“The theory that the inmates escaped through the tower without causing any structural damage raises serious concerns. This calls for a thorough investigation to determine the exact circumstances of the escape, arrest the fleeing inmates, and identify possible saboteurs within the system,” he stated.

The commissioner further disclosed that Governor Usman Ododo has directed security agencies to ensure that such breaches do not happen again.

“We call on the public to report any suspicious individuals in their communities. Anyone found harbouring an escaped inmate will be held accountable,” Fanwo warned.

Reassuring residents, he added: “There is no cause for panic. We encourage citizens to go about their daily activities as normal, knowing that the security of lives and property remains our top priority.”

Authorities have yet to disclose further details about the escapees or ongoing efforts to apprehend them.

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Trump Ends Legal Status for Over 500,000 Immigrants, Orders Mass Expulsions

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The United States has announced the termination of legal status for over 500,000 immigrants, ordering them to leave the country within weeks, as President Donald Trump pushes forward with what he calls the largest deportation campaign in American history.

The sweeping directive, issued on Friday, affects approximately 532,000 Cubans, Haitians, Nicaraguans, and Venezuelans who arrived under a programme launched by Trump’s predecessor, Joe Biden, in October 2022 and later expanded in January 2023.

According to the Department of Homeland Security (DHS), the affected immigrants will lose their legal protections 30 days after the order is published in the Federal Register on Tuesday. This means they must leave the United States by 24 April, unless they secure another immigration status permitting them to stay.

Welcome.US, an organisation that supports asylum seekers, has urged those impacted to “immediately” seek legal counsel regarding their options.

A Reversal of Biden’s Immigration Policy

The Processes for Cubans, Haitians, Nicaraguans, and Venezuelans (CHNV) programme, introduced in January 2023, allowed up to 30,000 migrants per month from these nations to enter the United States for two years. The initiative was designed to offer a “safe and humane” alternative to the dangerous crossings at the US-Mexico border, which had seen a surge in arrivals.

However, the DHS reiterated on Friday that the programme was never meant to provide permanent residency.

“Parole is inherently temporary, and parole alone is not an underlying basis for obtaining any immigration status, nor does it constitute an admission to the United States,” the agency stated.

Mass Deportations Under Trump

Trump, who has made immigration control a cornerstone of his presidency, has vowed to crack down on migrants—particularly those from Latin America.

Last week, he invoked rare wartime legislation to deport more than 200 alleged members of a Venezuelan gang to El Salvador, a country that has controversially offered to imprison both migrants and U.S. citizens at a discounted rate.

The latest order signals Trump’s intent to follow through on his hardline immigration policies, raising concerns among human rights advocates about the humanitarian impact of such mass deportations.

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Trump’s Foreign Aid Cuts Push 80,000 Nigerian Children to Brink of Starvation – UNICEF

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Tens of thousands of malnourished Nigerian children face a dire future as lifesaving food supplies are set to run dry, the United Nations Children’s Agency (UNICEF) warned on Friday, attributing the crisis to a funding shortfall exacerbated by U.S. foreign aid cuts under President Donald Trump’s administration.

The agency said that within the next two months, 80,000 children suffering from severe acute malnutrition in Nigeria could lose access to vital treatment, while a total of 1.3 million children under five in Nigeria and Ethiopia remain at risk of starvation this year.

“Without new funding, we will run out of our supply chain of Ready-to-Use-Therapeutic-Food by May, and that means that 70,000 children in Ethiopia that depend on this type of treatment cannot be served,” UNICEF’s Deputy Executive Director, Kitty Van der Heijden, said in a video press briefing from Abuja. “Interruption to continuous treatment is life-threatening.”

The situation in Nigeria is even more urgent, with UNICEF warning that food supplies for malnourished children could be exhausted as early as the end of this month. Van der Heijden recounted a harrowing experience at a hospital in Maiduguri, where she saw a child so severely malnourished that her skin was peeling off.

U.S. Aid Suspension Escalates Crisis

UNICEF’s funding crisis follows a significant drop in international donor contributions in recent years, compounded by the U.S. government’s decision to halt all foreign aid for 90 days upon Trump’s return to the White House in January.

According to Reuters, the U.S., a major donor to UNICEF, implemented sweeping suspensions on USAID programmes worldwide, disrupting the delivery of essential food and medical aid. The impact has been catastrophic, with global humanitarian efforts thrown into disarray.

“This funding crisis will become a child survival crisis,” Van der Heijden warned, adding that the abrupt nature of the cuts left UNICEF unable to cushion the impact.

Health Services Crippled in Ethiopia

Beyond food shortages, UNICEF highlighted the devastating effects of the funding crunch on health services in Ethiopia. Programmes providing nutrition and malaria care for pregnant women and children have suffered, with 23 mobile health clinics shut down in Afar, leaving only seven operational.

As the crisis unfolds, humanitarian organisations continue to urge global donors to step in and prevent a full-blown catastrophe. Without urgent intervention, tens of thousands of children in Nigeria and Ethiopia may not survive the coming months.

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