Business
Interswitch Launches Smart Airport Parking System in Asaba
Interswitch Asaba Airport smart parking system partnership introduces automated parking and cashless payment solutions to improve airport operations
Africa’s leading integrated digital payments and commerce company, Interswitch, has announced a strategic partnership with the Asaba Airport Company (AAC) to deploy a smart parking solution at the Asaba International Airport.
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The Interswitch Asaba Airport smart parking system, officially known as the Interswitch Parking Management Platform (PMP), is designed to automate parking operations and improve access control for passengers, visitors, and airport staff.
The initiative introduces a seamless, secure, and fully digital system aimed at enhancing operational efficiency while improving the overall travel experience at the airport.
Speaking on the partnership, Vice President, Transport Ecosystem at Interswitch, Nnenna Ajanwachuku, said the project reflects the company’s commitment to driving efficiency and transparency through technology.
She explained that the platform not only addresses operational challenges but also supports smarter infrastructure capable of boosting revenue and long-term sustainability.
“Our commitment is to deploy technology that drives efficiency, transparency, and seamless user experiences across critical sectors,” she said.
The system also enables cashless parking payments and leverages digital solutions to strengthen airport revenue management while improving operational oversight.
Managing Director of Asaba Airport Company, Christophe Penninck, described the collaboration as a major milestone in the airport’s drive toward operational excellence and improved service delivery.
According to him, the smart parking system will enhance efficiency, improve transparency, and provide a better experience for airport users.
He added that the initiative will also strengthen revenue management and position Asaba Airport as a leader in smart aviation infrastructure.
Also read: Konga among the list of Top 20 global Brands to Watch in 2020
The Interswitch Asaba Airport smart parking system marks a significant step in the adoption of digital infrastructure within Nigeria’s aviation sector.
Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth
Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.
The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.
The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.
The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.
The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.
The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.
The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.
The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.
The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.
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