Eleganza Industries has launched a nationwide partnership program aimed at expanding product availability through qualified distributors and retail locations while activating underutilized manufacturing capabilities. Managing Director Folashade Okoya explained that the Lagos conglomerate historically concentrated on production quality rather than aggressive market penetration, leaving substantial capacity dormant despite ongoing machinery and technology investments.
The manufacturer has added 21 product categories across personal care and household segments, all produced domestically, and seeks sales representatives alongside showroom leases throughout Nigeria's 36 states. Founder Razak Okoya envisions replicating manufacturing...
Lagos authorities are deploying rigid concrete floating platforms at transit points across the metropolis as part of efforts to expand marine passenger services and freight operations. Waterfront Infrastructure Development Commissioner Dayo Alebiosu stated the six-sided structures provide stable boarding surfaces at locations spanning Agboyi Ketu, Ijegun Egba and Bayeku, while additional installations will reach Ebute Ero, Ijede, Apa, Mile 2 and Mowo.
The platform modernization supports the €410 million Omi Eko initiative backed by the French Development Agency, European Investment Bank and European Union financing. That program will deliver 78 electric ferries, dredge 15 waterways, expand 25 terminals and integrate digital ticketing...
FairMoney Microfinance Bank's managing director has declared that Nigeria must prioritize equitable digital financial services to reach its trillion-dollar economic ambitions. Henry Obiekea argued that approximately 40 million economically active citizens lack proper banking relationships, with credit penetration hovering between 13 and 19 percent of gross domestic product, compared to Kenya and Egypt's 31 to 37 percent rates.
The executive warned that technological infrastructure alone cannot drive inclusive growth without transparent lending practices and fair capital deployment. Obiekea explained that accessible financing enables entrepreneurs to expand inventory and payroll, generating immediate economic activity and tax revenues...
Mobile network operator T2 has disputed online claims suggesting its services depend on IHS tower infrastructure, calling the assertions technically inaccurate and deliberately misleading. The telecommunications company emphasized that national roaming agreements approved by the Nigerian Communications Commission allow carriers to maintain coverage through partner networks rather than their base stations alone.
T2 attributed the misinformation to commentators lacking telecommunications expertise who created false impressions about operational stability and network vulnerability. The carrier urged consumers and business partners to disregard unverified reports while consulting official company statements for accurate technical...
CRC Credit Bureau has added Patrick Akhidenor to its board following regulatory clearance from the Central Bank of Nigeria, with the veteran banker representing First Bank of Nigeria after Olusegun Alebiosu's promotion to group managing director. Akhidenor currently oversees risk operations at First Bank, a position he assumed several months earlier, drawing on more than 30 years across credit evaluation, strategic planning and enterprise risk frameworks at institutions ranging from Savannah Bank to Standard Chartered and Ecobank.
Board chairman Joel Owoade highlighted how the appointee's background in governance and risk assessment aligns with the credit bureau's objectives around responsible lending and data infrastructure expansion...
BUA Group founder AbdulSamad Rabiu will receive the Pearl Lifetime Achievement Award for National Economic Development at a ceremony in Lagos marking the organization's three decades of recognition. The honor acknowledges his industrial contributions and leadership across manufacturing, capital markets and economic development, following Aliko Dangote as the second recipient since the award's establishment five years ago.
The anniversary event features multiple categories evaluating listed companies through audited financials and market performance data, with sectoral leadership prizes and corporate governance distinctions among the offerings. Organizers anticipate attendance from government officials, securities regulators and...
Nigerian entrepreneurs should consider accessing debt financing as traditional venture capital alternatives prove insufficient for operational expansion, according to Bukola Bankole from TNP during a Lagos business forum. The commercial law firm partner indicated that commercial paper issuances have gained traction among early-stage companies, while private credit from institutional sources offers viable pathways before formal credit ratings.
Adedayo Aderoju from Norrenberger Asset Management emphasized that capital markets will anchor economic development as petroleum revenues decline amid volatile pricing and reduced export volumes. The institutional investment lead stated that her firm plans to launch an environmental and social...
ITH Holdings has opened its renovated headquarters in Gbagada Phase 11 as the technology group accelerates expansion across African markets. Chief Executive Olusegun Dada described the workspace upgrade as essential infrastructure for the parent organization overseeing IT Horizons, Zojatech, Mance and Zojapay, positioning the entity as Africa's most dependable technology conglomerate.
The subsidiaries are pursuing distinct growth trajectories, with IT Horizons expanding enterprise infrastructure operations across Nigeria, Ghana and Britain while Zojatech develops software for continental clients. Zojapay has relaunched as a rewards platform for utility payments and digital subscriptions, offering cashback incentives and loan...
The Nigeria–China Strategic Partnership has called for better coordination among federal authorities, regional governments, and international climate initiatives to attract significant private investment into the country's marine economy. Joseph Tegbe, who leads the organization, emphasized that Lagos possesses unique advantages through its extensive shoreline and robust commercial sector during the 11th Lagos International Climate Change Summit at Lagos Continental Hotel.
Tegbe pointed to the Lekki Deep Sea Port as evidence that aligned policies can draw substantial foreign capital, noting the facility secured more than 1 billion dollars in private equity through effective cooperation between national and state officials. His...
