Banking
Halogen Security Company Opens New Office In Ogun
By Dipo Olowookere
Foremost integrated security solutions provider in Nigeria, Halogen Security Company Limited, has launched its new state-of-the-art regional office in Ota, Ogun State.
The office is located at Km 5 Idi-Iroko Road Ota.
The establishment of the new branch is in line with the company’s constant drive to deliver outstanding customer service at every touch point.
The new office will provide capacity for increased customer support and services and an opportunity to understand the security challenges and concerns that are prevalent in the Ota community.
Present at the commissioning were top security officials from the Nigerian Police, Federal Road Safety Corps (FRSC), Traffic Compliance and Enforcement Corps (TRACE), Nigerian Security and Civil Defence Corps (NSCDC).
Also at the occasion were Senior Management Staff of the company and several others.
Speaking at the event, the Executive Director Physical Security Solutions, Halogen Security, Mr Bosun Sosanya said, “As security solutions provider, it is important that we understand the inherent risk that exists within the community, and that we proffer products and solutions that will mitigate that risk, thereby providing our customers with real and psychological comfort.”
Mr Sosanya further said that, “Our long term goal is to be able to respond to our customers distress call within 15 minutes irrespective of where in Nigeria they may be located. To achieve this goal, we must expand our reach and build more locations within the country.”
In his speech, Managing Director/CEO of Halogen Security, Mr Wale Olaoye said, “Halogen is focused on offering innovative security solutions that are customized and easy to use and the company has always benchmarked itself against global best practices which is the only way it can achieve its aim of being the industry leader in the West African sub region in the next few years, and a major player on the entire continent.
“Our team is excited about the growth we are experiencing and this move represents a commitment to continue to build on the success it has accomplished.”
The New Halogen Ota regional office will cater and service all these industries in varying sectors.
It will be a central point from where all services and products will be offered and deployed.
The office, which also has a fully furnished Security Education Academy, has three offices, three classrooms, a training ground and a well-equipped control room used to monitor and track lives and properties of customers.
Halogen Security Company Limited was incorporated in July 1992 and offers a wide range of solutions aimed at satisfying security needs across strategic market segments in various industries including oil and gas, facilities and real estate, critical national infrastructure, telecommunications, financial institutions, manufacturing and hospitality.
The company also provide systems and technology support to government security agencies and offer cyber and forensic solutions.
By Aduragbemi Omiyale
A collaboration to enable fast money transfers into Nigeria has been entered into between Flutterwave and Xoom, PayPal’s international digital money transfer service.
The partnership allows Xoom transfers to be converted by Flutterwave and settled locally in Naira, enabling quick transfers directly into recipients’ bank accounts at Access Bank, UBA, Zenith Bank, First Bank, GTBank, and additional participating banks across Nigeria.
The deal also enables Xoom’s global network with Flutterwave’s local payout infrastructure, allowing users globally to send funds directly into Nigerian bank accounts with improved speed and efficiency.
Nigeria is the leading remittance recipient in Sub-Saharan Africa, receiving over $20 billion in personal remittances in 2024. Despite this volume, receiving international payments has historically remained complex due to FX constraints and settlement delays. This collaboration helps address those challenges in a market of more than 232 million people, where the ICT sector is projected to contribute 21 per cent of GDP by 2027.
By combining Xoom’s expansive reach with Flutterwave’s local compliance and banking partnerships, the two companies are providing a more accessible financial corridor for the continent.
Xoom, a PayPal service, is a fast and secure international digital money transfer service that enables consumers to send money, pay bills, and reload phones for friends and family in approximately 160 markets globally.
As part of PayPal’s global payments ecosystem, Xoom leverages advanced fraud protection, compliance capabilities, and a trusted global network to help millions of customers move money quickly and securely across borders.
“We’re excited to have been chosen by Xoom for their Nigeria expansion. Millions of Nigerians rely on money from abroad to support everyday needs, whether it’s families receiving help from loved ones, freelancers getting paid for their work, or individuals earning income from the global economy. This helps make it easy and more reliable for people in Nigeria to receive funds and stay connected to opportunities beyond borders,” the chief executive of Flutterwave, Mr Olugbenga GB Agboola, stated.
By Aduragbemi Omiyale
An initiative known as Nigeria Lightning Rounds, designed to expand funding opportunities for Nigerian startups and small businesses by connecting founders with local and international investors, has been launched by ProvidusUnity Bank, in partnership with US-based global venture firm and accelerator, gener8tor.
Scheduled to be held on July 15, 2026, Nigeria Lightning Rounds will feature carefully selected startups engaging with targeted investors who have expressed interest in supporting Nigerian innovation.
Participating founders will have the opportunity to pitch their businesses through focused 15-minute virtual sessions facilitated by gener8tor and ProvidusUnity Bank’s networks.
The program will focus on high-growth sectors including fintech, healthtech, manufacturing, sustainability, and AI, but welcomes SMEs from all industries, with intending participants urged to apply via https://www.gener8tor.com/lightning-rounds/nigeria.
“We recognise that access to capital remains one of the biggest challenges facing entrepreneurs in Nigeria. Through our partnership with gener8tor, we are creating a platform that connects promising Nigerian founders with investors who can provide the support required to scale their businesses,” the Head of Business Development at ProvidusUnity Bank, Mr Ernest Elue, stated.
“The partnership reinforces ProvidusUnity Bank’s commitment to strengthening Nigeria’s entrepreneurial ecosystem by supporting innovation, enabling access to opportunities, and creating pathways for businesses with high-growth potential,” he added.
Also commenting, the Director of Lightning Rounds at gener8tor, Ms Elizabeth Larios, said, “gener8tor is thrilled to partner with ProvidusUnity Bank to extend the Lightning Rounds model into Nigeria.
“This collaboration reflects our commitment to building equitable ecosystems and driving capital to the most promising and underrepresented entrepreneurs.”
Lightning Rounds are a signature initiative of gener8tor’s investment platform, which has facilitated thousands of investor-startup meetings globally. The format is optimised to eliminate friction, reduce bias in early-stage fundraising, and help founders secure capital from investors aligned with their mission and stage. gener8tor’s previous Lightning Rounds for Nigerian Founders in 2025 featured 18 participating Investors and led to 50 investment meetings facilitated.
By Modupe Gbadeyanka
The verification of the depositors of the 46 microfinance banks, whose operating licenses were revoked by the Central Bank of Nigeria (CBN) over a week ago, has commenced.
The exercise, aimed at refunding those whose funds were trapped in the small lenders, is being conducted by the Nigeria Deposit Insurance Corporation (NDIC).
In a statement on Thursday, the agency said its staff members have been positioned at the offices of the affected banks across the country to attend to depositors.
It was disclosed that depositors of the defunct banks, who had their Bank Verification Numbers (BVNs) linked to their accounts in the failed banks, will be paid through their alternative accounts in existing banks.
However, depositors whose BVNs were not linked to their accounts in the failed banks have been encouraged to visit the affected banks’ offices with proof of account ownership, a passport photograph, verifiable means of identification (Driver’s Licence, Permanent Voter’s Card, International Passport or National ID Card) and BVN.
NDIC also stated that depositors can alternatively file their claims online through its website: www.ndic.gov.ng, to complete the Pre-Verification Claims Form by clicking on the Search Bar, and typing Pre-Verification Claims Form; opening the Form and filling in their details. They can also do so by clicking the link: https://ndic.gov.ng/ndic-pre-verification-claims-form/ or by visiting any of the NDIC offices closest to them to file their claims.
For further enquiries, the corporation can be reached on any of the following lines: 09037273810, 09038197064, 08104220807, 09064657140.
