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OPay opens new Jos office

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OPay, one of Nigeria’s leading financial technology company officially launched a new office in Jos, Plateau State capital. This is part of its strategy to enhance financial inclusion, announce it’s presence and boost customer service nationally. The event took place on March 25, 2026, and was attended by local business leaders, community representatives, and OPay executives.

L-R: Head of Partnerships, OPay, Odiase Ikponmwosa Kolawole; HRH Dagwom Rwey Za’ang (Zawan), Sir Christopher Sheku Mancha KSJ, SSG; Chief Operations and Technology Officer, OPay, Dotun Adekunle; Regional Manager, Jos/North East, OPay, Gabriel Kate Adeola; and Team Director, Key Account Merchants, Retail and FMCG, OPay, Isimeme Ayobami Owobu during the official launch of the OPay Office in Jos, Plateau State.

The new office will serve as a hub for individuals and businesses in Plateau State, strengthening support for OPay’s agent, merchant and customers network thereby improving service delivery. The company said the facility is expected to create jobs and drive local economic growth by enabling easier access to digital financial tools.

Speaking at the event, OPay’s Chief Operations and Technology Officer, Dotun Adekunle, said: “Opening this office in Jos allows us to stay closer to the people we serve, better understand their needs, and continue to provide fast, secure, and reliable financial services that improve everyday life. This new office is not just a building; it is a commitment to the people of Jos and Plateau State.”

OPay’s Jos office will support local merchants and businesses, facilitate financial transactions, and enable more Nigerians to access digital payments, including underserved communities. The expansion is part of OPay’s nationwide growth plan aimed at building trust and improving accessibility.

Established in 2018, OPay provides a range of financial services including money transfers, bill payments, ATM cards, airtime/data purchases, POS and merchant payment solutions, licensed by the Central Bank of Nigeria and insured by the Nigeria Deposit Insurance Corporation.

By expanding its physical presence in Plateau State, OPay aims to strengthen community engagement while advancing its mission of financial inclusion for all Nigerians.

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Business

Nigeria, Canada expand air deal, facilitate direct flights

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Nigeria and Canada have expanded their bilateral air transport framework, paving the way for scheduled direct air services between the two countries and creating new opportunities for passenger and cargo operations.

The agreement, signed on Thursday in Abuja, provides for multiple airlines from both countries to operate scheduled services and establishes capacity for passenger and cargo flights.

It also provides for up to 14 weekly passenger flights and 10 weekly all-cargo flights for designated airlines from each country.

The agreement is expected to improve air connectivity between Nigeria and Canada while supporting trade, tourism, education, investment and stronger people-to-people relations.

The Minister of Aviation and Aerospace Development, Festus Keyamo, was represented at the signing by the Director of Air Transport Management in the ministry, Mohammed Ahmed Tijjani.

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Mr Tijjani signed the agreement with Canada’s Chief Air Negotiator for Global Affairs Canada, Shendra Melia, at the Canadian High Commission in Abuja.

The signing followed a technical review session in which officials from both countries examined the existing bilateral air services framework and agreed to expand it.

Nigeria, Canada expand air deal, pave way for direct flights
Nigeria, Canada expand air deal, pave way for direct flights

Shift towards direct connectivity

The new arrangement represents a significant expansion of the aviation relationship between Nigeria and Canada.

The two countries first negotiated an air transport agreement in 2014, but the framework was initially limited to code-sharing arrangements rather than direct scheduled flights.

The agreement was formally signed in March 2025, providing a framework for airlines to market services operated by partner carriers.

The latest expansion changes that framework by allowing designated airlines from both countries to operate scheduled services directly between Nigeria and Canada.

The agreement, therefore, provides the legal basis for airlines to pursue direct operations, although the signing itself does not mean such flights will begin immediately.

Airlines would still need to be designated by their respective governments and meet applicable regulatory, operational and commercial requirements before commencing services.

More opportunities for passengers and cargo

For travellers, direct scheduled services could reduce the need for connecting flights through third countries and make journeys between Nigeria and Canada more convenient.

The development could be particularly significant for Nigerians travelling to Canada for education, business, tourism and family visits, as well as Canadians travelling to Nigeria for business and other purposes.

As of 31 March 2026, more than 25,000 Nigerians held valid Canadian study permits, according to the information provided by the Federal Government, highlighting the importance of the education link between the two countries.

The agreement also provides a greater scope for cargo operations.

Under the expanded framework, designated airlines can operate up to 10 weekly all-cargo services, while fifth-freedom traffic rights have been granted for cargo operations.

Fifth-freedom rights allow an airline to carry traffic between two foreign countries as part of a service that originates from or terminates in the airline’s home country.

The provision could create additional options for moving goods through the two countries and strengthen commercial links between Nigerian and Canadian businesses.

Wider economic ties

The expanded aviation agreement comes as Nigeria and Canada seek to deepen economic relations beyond air travel.

Improved connectivity can support tourism, facilitate business travel, encourage investment and make it easier for people and goods to move between the two markets.

The Nigerian delegation at the signing included the Director of Air Transport Management, Mr Tijjani; the Director of Legal Services, Jummai Yahaya; and the Director of Air Transport Regulation at the Nigeria Civil Aviation Authority, Olayinka Babaoye-Iriobe.

The Canadian delegation was led by Ms Melia and included officials from Global Affairs Canada and Transport Canada.

READ ALSO: FG approves New York, Dubai, Canada routes for United Nigeria Airlines — Keyamo

The expanded framework gives airlines from both countries greater room to compete, as each country can designate multiple carriers rather than restricting scheduled operations to a single airline.

For Nigeria, the development also fits into the Federal Government’s wider effort to expand international air connectivity and secure new routes that can support tourism, trade and investment.

The agreement now provides the framework for airlines on both sides to pursue direct scheduled services, potentially bringing an end to years of reliance on connecting routes for travellers moving between Nigeria and Canada.


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Business

NAICOM Revokes Nigeria Reinsurance Licence Over Minimum Capital Deficit

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BY NKECHI NAECHE-ESEZOBOR—For not meeting  the statutory Minimum Capital Requirement as stipulated by the Nigerian Insurance Industry Reform Act 2025, the National Insurance Commission (NAICOM), has withdrawn the operating licence of Nigeria Reinsurance Corporation.

The commission has also appointed Dr Muiz Banire, SAN, as receiver and provisional liquidator which took  effect on 3 August 2026.

According to notice dated 4 August, Banire confirmed he was empowered by NAICOM to oversee the receivership and liquidation of the company (registration number RR-002).

The withdrawal of authorization followed the organization’s failure to meet mandatory capital baselines before the statutory deadline.

The appointed liquidator is tasked with tracing and securing assets, auditing liabilities, coordinating with regulatory authorities, and submitting progress reports.

He ordered an immediate freeze on all corporate bank accounts, instructing financial institutions, clients, and the public to ignore commands unless issued directly by him or certified representatives.

Regulators framed this measure as essential to uphold financial standards, protect consumers, and maintain sector stability.

All involved parties must channel future transactions exclusively through the liquidator while assets are realized and operations are systematically terminated.

The post NAICOM Revokes Nigeria Reinsurance Licence Over Minimum Capital Deficit appeared first on Business Today NG.

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