Business Report

 By James Eke  Talent Across Africa, the creative economy is evolving beyond traditional concerts and fashion showcases into community-driven ecosystems that generate cultural influence, commercial opportunities, and long-term business value. Among the platforms helping shape this shift is THIRSTYCLUB999, a Lagos-born creative experience that has steadily established itself as a meeting point for mainstream artists, emerging talent, fashion brands, and young entrepreneurs.  Created by THIRSTY Universe, THIRSTYCLUB999 was built on a simple idea: create a space where established names and underground creatives can exist on the same stage, collaborate naturally, and grow together. Unlike many music events that focus solely on headline performances, THIRSTYCLUB999 intentionally curates an environment where musicians, fashion designers, photographers, filmmakers, DJs, visual artists, and cultural innovators share the spotlight. The result is a platform that functions not only ...

   Nigerian highlife star Flavour is set to headline the LOUD IN AFRICA Concert Series in New York City on August 14, 2026, as organisers prepare for what is expected to be one of the biggest African music events of the summer. The concert will take place at Racket NYC, bringing together music lovers from across the African diaspora for an evening celebrating African music, culture and entertainment. Popularly known as the "King of Highlife," Flavour has built a global reputation with his blend of highlife, Afrobeats and contemporary African music, earning a loyal fan base across Africa, Europe and North America. The event will also feature performances by Naomi Achu, Prince Bright of Buk Bak, Bruck Up (Mr. Excitement), 2Cent, Unathi Nkayi, while Nollywood actress Mercy Macjoe is expected to make a special guest appearance. Speaking ahead of the concert, Founder of LOUD IN AFRICA, Abass Mubarak Akeju, described the event as part of a broader effort to promote African culture ...

    Often, people say Lagos may be one of Africa’s fastest growing cities, but alongside its housing deficit lies another growing concern: the increasing demand for homes that offer more than just four walls and an address. As the city expands, many homebuyers and investors are seeking spaces that combine functionality, intentional design, and long term value. Responding to this need, D’Lodge Apartments has been introduced as a premium residential development in Lekki Peninsula II, positioned within reach of key business districts, schools, and lifestyle destinations. Comprising thoughtfully designed one and two bedroom apartments, D’Lodge reflects a vision of creating spaces that place equal emphasis on comfort, functionality, and everyday living experiences. With features such as open plan kitchens and expansive panoramic balconies, the development has been designed with modern homeowners, young professionals, growing families, and investors in mind. D’Lodge is more than ano...

   What began as a lockdown hobby in early 2020 has grown into a thriving real estate company helping Nigerians achieve home ownership and build wealth. The founder of Adifua Real Estate and Construction started his journey during the COVID-19 lockdown, frequently viewing properties across the capital. With guidance from a supportive boss, real estate quickly became more than a side interest. While still operating without a formal team, he also ventured into the hospitality sector, successfully establishing Flenjo, a popular restaurant and grill. Today, the company has built a reputation for helping individuals grow their wealth through strategic real estate investments. Many clients have reportedly become millionaires thanks to well-chosen properties. Adifua Real Estate and Construction is particularly focused on affordability and long-term value. The company only promotes properties with strong appreciation potential and currently offers FCDA-approved lands and homes in prim...

  By Asata John Dexta Africa has announced that it is on course to deliver its maiden residential development, D’Lennox, in 2026, marking a significant milestone in the company’s commitment to raising the standard of luxury housing in Nigeria. The announcement comes nearly two years after the company entered the real estate market with a promise to provide Nigerians with thoughtfully designed homes built with exceptional quality, functionality, and attention to detail. With Nigeria, particularly Lagos, continuing to experience a significant housing deficit and growing concerns over construction quality, Dexta Africa stated that its vision extends beyond simply building houses to creating homes that offer comfort, functionality, and long-term value. Located in the prestigious Lekki Peninsula II, D’Lennox is an exclusive development comprising seven ultra-luxury four-bedroom terrace duplexes with boys’ quarters (BQ). The project is strategically positioned less than two minutes from ...

For many entrepreneurs, success is measured by profit margins and business growth. But for Mballoh Fofana, founder of Le Mandingue African Restaurant in Philadelphia, the true measure of success lies in overcoming adversity, preserving culture and creating opportunities for others. Fofana's story is one of resilience after tragedy. In 1998, she lost one of her legs in an accident an experience that could have ended her entrepreneurial aspirations. Instead, she turned the setback into motivation, rebuilding her life through determination, faith and hard work. More than 22 years later, she has established Le Mandingue African Restaurant as one of the Philadelphia region's longest-serving African restaurants, earning a reputation for authentic West African cuisine and warm hospitality. Beyond the restaurant business, Fofana has also expanded into real estate, building a portfolio of commercial and residential properties across the Philadelphia area reportedly valued at about $15 m...

 While most 19-year-olds are still figuring out their major, Adeoluwasubomi Odebunmi was already sketching out what would become ChatPay. Now 20 and a recent Software Engineering graduate, she's the Product Lead behind a startup betting that banking belongs inside WhatsApp. It's a familiar frustration to basically every Nigerian with a bank account: an app that crashes mid-transfer, a forgotten PIN, a POS queue eating into your day, or the dreaded “kindly bear with us” message. Adeoluwasubomi noticed it as a student. Now she's building the fix. ChatPay, operated by CP Technology Limited and headquartered on Ikorodu Road in Maryland, Lagos, is built to close that gap: send money, buy airtime, pay bills and manage a business account, without leaving a WhatsApp chat. The company is currently in a controlled rollout, working with licensed banking partners as it moves toward full public launch. What makes ChatPay's story unusual in Nigeria's crowded fintech scene is not ...

   _400+ Unit Estate Also Known As Morire City, Financed by Federal Mortgage Bank, With Ongoing Projects in Prime One Sangotedo and Yabatech GRA_ Ishi Homes Limited, a real estate development company headquartered in Victoria Island, Lagos, is driving large-scale housing delivery across Nigeria through strategic investments in Lagos and Kwara States. The company, founded by Otunba Dr. Olayinka Ilufoye, is currently executing multiple projects including a fully integrated estate of over 400 housing units in Offa, Kwara State named AbdulRahman AbdulRazaq Estate, also known as Morire City. The estate is named in honour of the Executive Governor of Kwara State, His Excellency Mallam AbdulRahman AbdulRazaq, and is financed by the Federal Mortgage Bank. The company also has ongoing multi-billion naira developments at Prime One Sangotedo, Lekki, Lagos and Yabatech GRA, Lagos. Speaking on the company’s vision, Otunba Ilufoye said Ishi Homes is committed to building more than houses...

  By Diamond Abidemi Every time you get behind the wheel, there are a few essentials you never forget. Your car keys. Your wallet. Your driver's licence. But what if proving your motor insurance could be just as simple? That's the idea behind "Just Two Cards" —a new approach by Tangerine General Insurance that is changing how motorists carry proof of insurance. Instead of relying on paper certificates that can be misplaced, damaged, or left behind, drivers now have a smarter alternative: the Tang Auto Card . The concept is simple. Just two cards. Your Driver's Licence. Your Tang Auto Card. Together, they give you everything you need to drive with confidence. The Tang Auto Card is a Digital Motor Certificate ID Card issued to Tang Auto Insurance customers. Embedded with a secure QR code, it allows authorised personnel to instantly verify your insurance details with a simple scan. It is compact enough to fit neatly into your wallet, durable enough for everyday use, ...

 By James John Platform combines client-facing digital dashboard with managed execution services  addressing the trust gap that costs Nigerian property owners billions annually through payment disputes, site readiness failures, and intermediary-driven quality degradation. Murals Nigeria Limited (RC 8034511) today announced the public launch of Spaces by Murals.ng , a client-facing digital platform combined with managed execution services for complex commercial interior projects. Spaces helps hotels, developers, property owners, and other commercial clients move from an approved design or project brief to a documented, finished interior through one coordinated execution process. “Clients should not have to choose between creative ambition and delivery visibility. Spaces gives the client a clearer view of what is being produced, who is responsible for each stage, what needs to happen before installation, and when a project is ready for approval.” Olufemi Adeleke, Founder and CE...

 By Jude Harry: Senior Reporter Hassan Dakhlallah , Founder and CEO, Porteo   Across the country, road construction has returned to the centre of national economic policy. From the Lagos-Calabar Coastal Highway and the Sokoto-Badagry Superhighway to renewed investments in federal roads, rail infrastructure and industrial corridors, the government is betting that modern infrastructure will improve connectivity, reduce the cost of doing business and unlock long-term economic growth. As Africa's largest economy, Nigeria faces one of the continent's biggest infrastructure deficits. Roads that connect farms to markets, highways that link manufacturing hubs to ports, and transport corridors that facilitate regional trade are increasingly recognised as essential to economic transformation. Infrastructure is no longer viewed simply as public works; it has become a strategic investment in productivity, competitiveness and national development.     But ambition has never been ...

 By Femi Udoka FCCPC-licensed fintech expands physical presence to the Fedral Capital Territory, backed by its mobile app platform MCO Penny, driven by a mission to solve financial instability in public sector lending, is now in Abuja extending its promise of financial inclusion to the underserved civil servant sector they are passionate about serving. For many years, civil servants have been perceived as a segment that is either underpaid or unable to fully benefit from traditional banking services. MCO Penny saw this gap as an opportunity to create meaningful impact, building financial solutions that promote stability, convenience, and peace of mind for public sector employees. The company’s goal has remained simple: to bridge the financial inclusion gap and empower civil servants with access to responsible, reliable, and accessible financial services. Founded by business leader and public sector expert Michael Collins with a mission to make financial services easier, faster, and...

By Yemi Tunde Cynosure Realty has hosted the maiden edition of its Stakeholders’ Roundtable in Abuja, bringing together professionals, industry leaders and business partners to strengthen collaboration and drive sustainable growth in Nigeria's real estate sector. The event, held on July 11 at Hall 1, Novare Central Mall, Wuse Zone 5, Abuja, was themed "The Maiden: Partnerships that Build Legacy." It featured stakeholder engagements, project unveilings, panel discussions, networking sessions and entertainment. Speaking at the event, the Chief Executive Officer of Cynosure Realty Ltd and Convener of the Cynosure Stakeholders' Roundtable (CSR), Mr. Micheal Okuboye, described the gathering as a defining moment for the company. "This maiden stakeholders' roundtable marks the beginning of stronger, more intentional partnerships that will define our legacy. We brought together stakeholders from different industries to align on shared goals and explore opportunities ...

  By Ayodele Oyeniyi Nigeria's efforts to digitise vehicle insurance verification are gaining momentum as regulators intensify measures to tackle the widespread circulation of fake motor insurance certificates across the country. The National Insurance Commission (NAICOM) is expanding digital collaboration with the Federal Road Safety Corps (FRSC) and the Nigeria Police Force to improve vehicle verification and strengthen enforcement against fraudulent insurance documentation. The initiative is expected to reduce reliance on paper certificates by linking insurance records with national vehicle databases and digital verification systems. The move comes amid longstanding concerns about the prevalence of fake motor insurance certificates. Industry estimates indicate that more than 70 per cent of motor insurance documents in circulation may be unauthenticated, while insurance penetration in Nigeria remains among the lowest in Africa. According to insurance stakeholders, fake documentat...

 By Udoka Dede What began as a lockdown hobby in early 2020 has grown into a thriving real estate company helping Nigerians achieve home ownership and build wealth. The founder of Adifua Real Estate and Construction started his journey during the COVID-19 lockdown, frequently viewing properties across the capital. With guidance from a supportive boss, real estate quickly became more than a side interest. While still operating without a formal team, he also ventured into the hospitality sector, successfully establishing Flenjo, a popular restaurant and grill. Today, the company has built a reputation for helping individuals grow their wealth through strategic real estate investments. Many clients have reportedly become millionaires thanks to well-chosen properties. Adifua Real Estate and Construction is particularly focused on affordability and long-term value. The company only promotes properties with strong appreciation potential and currently offers FCDA-approved lands and homes ...

Mytherapist.ng Partners with Ally Healthcare to Expand Access to Mental Health Support Mytherapist.ng, a leading Nigerian health-tech platform focused on accessible mental healthcare, has entered into a service partnership with Ally Healthcare HMO to provide mental health support services to Ally Healthcare users. Through this partnership, Mytherapist.ng will deliver professional mental health services to Ally Healthcare’s customers, giving them access to licensed therapists and mental health professionals through Mytherapist.ng’s secure platform or any other agreed service channel based on the selected plan. The collaboration reflects a shared commitment by both organisations to make mental health support more accessible, structured, confidential, and responsive for individuals, families, and organisations. As part of the agreement, Mytherapist.ng will provide access to therapy services, onboarding support, platform orientation, periodic usage and engagement reports, crisis support ...