Business Report

 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 ...

By Seun Timi   By Carol James From job-hunting frustration to 30,000 users: How Loudinsight is connecting African talent to global opportunity   "The African job market isn't broken because of a shortage of talent," says the team behind Loudinsight. "It's broken because of a signal problem. And fixing that signal problem, at a global scale, is what Loudinsight was built to do." Loudinsight is a hiring intelligence platform built to solve one of the most persistent mismatches in the modern workforce — African professionals ready to compete globally, and employers around the world who haven't found a reliable way to reach them. Anyone who has searched for a job in Nigeria knows the feeling. An application goes in, and then — nothing. No response, no feedback, no signal of any kind. Employers face the same problem from the other side: a role goes up, hundreds of applications come in, and by the time a shortlist is ready, the best candidates have already ...

  Critics of Ghana's healthcare administration have renewed calls for greater transparency, accountability, and accelerated reforms within the country's health sector, while raising concerns about the leadership of the Minister of Health, Hon. Kwabena Mintah Akandoh. The calls come amid ongoing public discussions about challenges facing the healthcare system, including access to quality medical services, inadequate infrastructure, shortages of healthcare personnel, and the availability of essential medicines and equipment. While acknowledging efforts by the Ministry of Health to address these issues, some healthcare stakeholders and civil society advocates argue that reforms have not progressed quickly enough. They have urged the ministry to improve communication with the public and provide clearer updates on policies, priorities, and measurable outcomes. A healthcare stakeholder, who spoke on condition of anonymity, said, "Ghanaians deserve a healthcare system that is tra...

 Following his participation at the World Economic Forum’s Annual Meeting of the New Champions 2026 in Dalian, China, SkillsVerse Founder Peter Bassey Okon has highlighted lessons he believes are increasingly important for Africa as artificial intelligence changes how people work, businesses operate and economies compete. Peter was selected from more than 400 applicants to represent the Global Shapers Community at the meeting, which brought together more than 1,700 participants from over 90 countries under the theme “Innovating at Scale.” For Peter, one of the biggest questions coming out of Dalian was not simply what artificial intelligence can do, but how countries, companies and individuals can turn rapid advances in technology into real economic value. “There is a lot of excitement around AI, and rightly so. But access to powerful tools is not the same as being able to create value with them,” Peter said. “The more important question is whether people and businesses know how to...

If you are organising a campus pageant, departmental award night, or talent contest in Nigeria, one decision will shape your entire event: how people vote. Get it right and voting becomes your biggest source of engagement and revenue. Get it wrong and you spend the after-party defending your results. Here is a practical, step-by-step guide to setting up online voting the smart way. Step 1: Choose a platform built for entertainment voting Free polls on social media are easy to manipulate and impossible to monetise. What you need is a dedicated voting platform designed for pageants, awards, and contests. VoteNaija is built specifically for Nigerian campus and entertainment events, with paid voting, real-time tallying, and secure payments already handled for you. One important note: platforms like this are strictly for entertainment and social contests. They are not for political or governmental elections, and any serious platform will make that boundary clear. Step 2: Set your vote pric...

   By Haruna Gunmi|Lagos reporter A 6-day intensive programme designed to help young people aged 14–18 answer the two most critical questions of their future: Who am I becoming? And where am I going?   Two of Nigeria's leading youth development organisations — Without Capes and Vocation Deck — have announced the inaugural edition of the Leadership and Identity Residency (L&IR), a 6-day immersive programme for teenagers aged 14 to 18. The residency is scheduled to run across three cities: Lagos from July 20 to 25, Abuja from August 10 to 15, and Port Harcourt from August 24 to 29, 2026. Designed to address a growing gap in Nigerian youth development, L&IR moves beyond academic performance and career selection to focus on what its founders describe as the most overlooked foundation of adolescent growth: character. Through guided conversations, reflective sessions, practical activities, and leadership development, participants will explore their natural thinking patt...

By Ganmi Helen The growing diversity of travel needs is influencing how hospitality providers approach accommodation, with increasing attention being given to offering options that suit both short-term and extended stays. Speaking on the trend, Tosin Adeyinka Adegbesan , a consultant with Aviel  Suites and Hotels , said travellers now have varying expectations depending on the purpose and duration of their visits. While some guests prefer the structure and services associated with hotels, others seek the flexibility, privacy and space offered by serviced apartments. He noted that this shift has contributed to the growing popularity of short-let apartments alongside conventional hotel accommodation, particularly among business travellers, corporate guests, families, couples, executives and visitors on temporary assignments. According to Tosin, guest expectations have also evolved beyond the availability of accommodation to include reliable utilities, internet connectivity, entertain...

By James Okorie Price volatility is among the most persistent complaints in the African ride-hailing landscape, for riders and drivers alike. PairRide is entering with a 7% commission aimed squarely at that problem. By keeping the platform's own running costs lean, the company is betting it can hold fares stable without having to claw the difference back out of driver earnings. Consumers benefit because PairRide makes every trip transparent from start to finish. Its Fair Fare Engine tracks the journey in real time and calculates the fare based on the actual trip, allowing both the rider and driver to see how the final amount is determined. This reduces the frustration and distrust that often arise when passengers are charged unexpected fees or unexplained fare adjustments after a ride has ended. PairRide also believes that a better experience for passengers starts with treating drivers fairly. Many ride-hailing platforms charge high commissions, leaving drivers under pressure to co...

By Bolaji Idoko Launching quickly has become common in technology. Waiting three years is not. That decision defines the story behind MyPassyApp, a Nigerian digital finance platform founded by entrepreneur Passy. The company says it intentionally postponed its launch until it believed the product met the standard users deserved. Built from years of operating Passyxchange, MyPassyApp expands beyond crypto by bringing together cryptocurrency trading, gift cards, airtime purchases and bill payments within one application. “We weren’t trying to be first,” Passy said. “We wanted to build something people could depend on.” The launch event reflected both business ambition and personal significance. Hosted by Uti Nwachukwu, it welcomed creators including Valking and Mbah, alongside customers and supporters. A memorable highlight came when Passy’s father recounted the company’s early beginnings before praying publicly for its future. To reinforce confidence in the platform, the company process...

By Pastor Goodluck Ochiagha Founder & Lead Minister, Magen Covenant Ministry About the Author Pastor Goodluck Ochiagha is the Founder and Lead Minister of Magen Covenant Ministry, headquartered in Nnobi, Anambra State, Nigeria. Before entering full-time ministry, he was actively involved in business and entrepreneurship, an experience that shaped his conviction that lasting success is built not merely on capital but on structure, discipline, wisdom and integrity. Today, his ministry combines spiritual development with practical empowerment. Alongside daily prayer and biblical teaching, Magen Covenant Ministry equips individuals, families and entrepreneurs with the knowledge and skills needed to thrive spiritually, intellectually and economically. The ministry believes that faith should produce responsible leaders, ethical entrepreneurs, financially disciplined families and productive communities. One of Pastor Goodluck Ochiagha's major divine assignments is leading the, 6:00 a....

By Iyabo Asan Property owners across Abuja are losing significant income every year, not because of weak demand, but because many commercial and residential assets are poorly managed, according to estate surveyor and property management consultant, Zulu Yusuf . Speaking during a recent industry discussion on real estate asset performance, Yusuf noted that many investors focus heavily on acquiring properties but pay far less attention to professional management after acquisition. According to him, this oversight has become one of the biggest causes of declining rental income, rising maintenance costs and reduced property values across the Federal Capital Territory. "Owning a property is only the first phase of the investment," he said. "The real challenge is preserving and growing the value of that asset over time. A poorly managed property begins to lose value long before the owner notices it." He explained that issues such as inconsistent rent collection, del...

  By Ganiyu Wasiu A new face is appearing in Nigerian marketing campaigns, and it is not a celebrity or a paid influencer. It is the employee. For years, Nigerian brands leaned heavily on famous musicians and well-known influencers to lead their advertising. That approach is now sharing the spotlight with a quieter but much more powerful shift. More companies are turning to employee-generated content, where staff members speak directly to customers on platforms like LinkedIn, Instagram, and TikTok, rather than relying solely on external faces.   The reasoning behind this shift is simple. Nigerian audiences have grown tired of stiff, overly polished corporate messaging. People want to see real voices, real experiences, and real personalities behind a brand, whether that brand sells fashion, fintech, food, or skincare. A staff member explaining how a product was built, or sharing an honest customer story, often lands much better than a scripted television advert ever could. Auth...

   A Nigerian environmental scientist, Julius Odemi Brown – The CEO of Ecofrost Solutions Limited, has led the successful implementation of an innovative in-situ remediation programme that restored crude oil-contaminated soil and groundwater at an oil and gas facility in the Niger Delta, highlighting the growing role of indigenous expertise in environmental restoration within Nigeria's energy sector. The remediation project employed two complementary treatment technologies: enhanced bioremediation for hydrocarbon-contaminated soil and in-situ chemical oxidation (ISCO) for contaminated groundwater. The integrated approach enabled the remediation team to address pollution at its source while minimizing excavation, reducing waste generation, and limiting disruption to surrounding ecosystems. Environmental specialists describe the project as an example of the industry's gradual transition from conventional "dig-and-dump" remediation practices to scientifically engineer...