Business Report

  From left: Adenike Adegoke - Chief Operating Officer, Novac Group and Great Igbokwe - Founder & Project Lead, RaisED  Financial technology provider Novac Payments Solutions Limited and Education technology firm RaisED have concluded the initial six-month operational pilot of their collaborative direct-to-university payment and settlement framework.   Executed under an institutional partnership established earlier this year, the collaboration focused on eliminating financial leakages in tertiary education funding by deploying dedicated fiat settlement infrastructure for university fee payments, commencing at the University of Nigeria, Nsukka.   Under the operational framework, Novac provided the underlying settlement rails that enabled programmatic, discounted fee clearances directly into accredited university bursary revenue accounts. The mechanism was engineered to support verified indigent students identified through campus administrative audits, which show t...

  Building an online presence is easier than building an online sales journey that actually works. A business can have online visibility and still struggle to turn attention into purchases. This is one of the gaps Florens Kairos Digitals is focused on addressing. Founded by Udeoha Franklin and officially launched in 2026, the full-service digital marketing agency works around the idea that online growth should not stop at visibility. The real value comes from creating a clear path that moves potential customers from discovering a business to understanding its offer and eventually taking action. Many businesses concentrate heavily on the first stage of that journey. They want more website traffic, more followers, more impressions and better search rankings. Those things are useful, but they only create an opportunity. What determines the commercial value of that opportunity is what happens after the customer arrives. A potential customer may find a business through Google, visit its...

  Berger bus stop is more than a place to catch a bus. It is a major gateway connecting Lagos with Ogun State and a reference point for thousands of commuters. Its transport importance also shapes the housing market around it, making the surrounding neighbourhoods relevant to anyone balancing rent with daily travel. What is Berger bus stop? Berger is widely recognised as one of the major transport gateways on the Lagos-Ogun axis. Its importance comes from the volume of people moving between metropolitan Lagos, nearby Ogun communities and other destinations. For commuters, the hub offers access to a wide network of routes. For businesses, that foot traffic creates a strong commercial environment. For residents, however, proximity to a transport hub can mean noise, congestion and intense pedestrian activity. The exact location of a home therefore matters as much as the neighbourhood name. The surrounding neighbourhoods Ojodu Berger is the most direct residential reference point, bu...

  By Femi Ajayi On today's topic we look at how forward-looking SMEs in Nigeria continue to navigate different stages of growth, the need for connected, efficient, and scalable technology solutions is becoming increasingly important for organisations seeking to manage their teams and operations effectively. From workforce management and payroll processing to financial reporting and operational planning, companies are increasingly moving away from fragmented systems and manual processes in favour of integrated platforms that provide better visibility and control. Clearosuite is among the technology companies contributing to this shift, helping organisations simplify business management through a unified digital platform designed to support modern operational needs. The company's enterprise resource planning (ERP) solution, Clearosuite , enables organisations to manage critical business processes within a connected environment, reducing the complexity associated with using multip...

  Top Nollywood actress and founder of Queeneth Agbor (Strength Beyond Walls) Foundation, Queeneth Agbor, has been honoured with an Award of Appreciation by the Nigerian Correctional Service, Zone A Headquarters, Lagos, for her commitment to the rehabilitation of inmates and positive impact on their lives. The award, according to the Service, recognises Agbor’s sustained support for initiatives aimed at improving the welfare, rehabilitation and reintegration of inmates into society. Agbor, who has continued to use her foundation to advocate for hope, empowerment and rehabilitation within correctional facilities, described the recognition as an encouragement to do more for people who need support and a second chance. She said, “I am deeply grateful to the Nigerian Correctional Service, Zone A Headquarters, for this recognition. It means a lot to me because the work we do through Strength Beyond Walls Foundation is driven by the belief that every individual deserves hope, dignity and...

   The streets of Manhattan was set ablaze with the vibrant rhythms of Africa last Friday, August 14, 2026, as Nigerian highlife powerhouse Chinedu Okoli, globally renowned as Flavour, headlined a sold-out edition of the LOUD IN AFRICA Concert Series at Racket NYC. The highly anticipated event lived up to its billing, drawing a massive, enthusiastic crowd from across the African diaspora, music lovers, and international culture enthusiasts for an unforgettable night of music, dance, and heritage. From the moment the doors opened at 431 West 16th Street, the venue buzzed with high energy. Flavour, true to his title as the "King of Highlife," took the stage and treated the audience to a masterclass in live performance. Blending his signature highlife melodies with contemporary Afrobeats and rich traditional instrumentation, he doled out back-to-back crowd favorites, keeping fans on their feet singing along word-for-word. The night was further elevated by a stellar lineup of sup...

   Top US-based Nigerian artiste Babatunde Ogunseinde, popularly known as Babatunde140, has released a new Afro-fusion single titled “Bá Mi Jó (Dance With Me),” a vibrant track that explores attraction, confidence, individuality and the freedom to embrace personal preferences. The song, whose Yoruba title translates to “Dance With Me,” blends infectious African rhythms with soulful melodies and an engaging groove, creating a sound designed to inspire listeners to let loose and enjoy the moment. According to the artiste, “Bá Mi Jó” is more than a dance record, as it celebrates self-confidence and encourages people to embrace what they consider beautiful while expressing themselves without restraint. “Bá Mi Jó is about confidence, individuality and being free to embrace what you find beautiful. It is an invitation to let go, move freely and enjoy love, attraction, culture and good vibes,” Babatunde140 said. The track reflects the growing fusion of contemporary African sounds wit...

 Nigeria has no shortage of innovators. Across the country, entrepreneurs are building solutions for agriculture, healthcare, education, finance, climate and countless other sectors. But for many founders, access to the right support system can still depend heavily on where they live. The National Innovation Hub Standards Framework (NIHSF) is designed to help change that. On 20 August 2026, government leaders, innovation hub operators, development partners, ecosystem builders and other stakeholders gathered at the Abuja Continental Hotel for the National Innovation Hub Standards Framework Stakeholder Validation Workshop. The gathering was not simply about presenting a completed policy or framework. It was an opportunity to put the proposed Framework to the test. Stakeholders reviewed its structure, examined its proposed standards and assessment approach, identified potential implementation challenges and contributed recommendations ahead of further refinement and pilot implementati...

What if the difference between a young person who changes the world and one whose potential remains undiscovered is not talent—but opportunity? Across our schools, homes and communities are young people with extraordinary imagination. They sketch buildings. Create clothes. Edit videos. Pull gadgets apart to understand how they work. Experiment with Artificial Intelligence. Invent stories. Solve problems. Dream about careers they may not yet even have names for. The talent is already there. What is often missing is exposure—early enough, widely enough and meaningfully enough. For architect Dr. Gbenga Alalade, Convener of Design Summer Camp, this is personal. Years ago, as an architecture student at Covenant University, Alalade benefited from the guidance of several academic and industry mentors. Among them was Arc. Dele Adeyemi, architect of the National Ecumenical Centre, Abuja, whose mentorship gave him valuable exposure to professional practice, real projects and possibilities beyond...

  Panuel, an investment-management company with a focus on international finance and global trade, has advocated for smarter capital management as Africa prepares for its next phase of economic growth. The organisation’s position comes as African markets continue to evolve through urbanisation, digital transformation, infrastructure development and expanding regional commerce. These shifts are creating new investment opportunities while placing greater responsibility on the institutions expected to identify, allocate and manage capital across the continent. According to the organisation, Africa’s investment conversation should no longer focus primarily on whether capital will reach the continent. Greater attention should also be given to how effectively that capital is deployed and whether the institutions managing it have the capacity to create sustainable financial and economic value. “Africa’s next growth cycle may be defined less by the question of whether capital will come to ...

By Adetutu Audu NORALIS (@the_noralis), an African-Algerian skincare brand formulated specifically for melanin-rich skin, is building a fast-growing community of loyal customers — known as “SkinKins” — whose user-generated content and word-of-mouth advocacy have become central to the brand's momentum across Nigeria and West Africa. According to the brand, its growth has been driven not by conventional advertising alone but by a community of women who share their skincare rituals, results, and first-encounter discovery of the brand's products online — an organic engagement model that Noralis says reflects genuine trust rather than manufactured hype. The brand's hero product, the Noralis Almond Serum, uses sweet almond oil — an ingredient with centuries of documented use in African skincare traditions — formulated with contemporary skin science to deliver sustained hydration, barrier support, and texture improvement calibrated specifically for the biology of melanin-rich skin...

Lagos-built platform combines AI predictions, global match viewing information, tactical analysis, VAR explanations and personalised fan tools in a lightweight Progressive Web App. Nigerian technology company Aurum Digital Consulting Limited, developers of the Aftermail email platform, has launched Football FanIQ™, an all-in-one football fan intelligence platform designed to give supporters a smarter, more personalised and interactive way to experience football. Developed in Lagos for a global audience, Football FanIQ brings together tools covering how supporters watch, understand, predict and experience the game, rather than attempting to become another football news or scores platform. “Football fans already have countless places to find scores and news. We did not want to build another one. Football FanIQ is about giving supporters useful tools that make the experience of following football more personal, informed and interactive,” a spokesperson for Aurum Digital Consulting Limited...

 By James John KFC Nigeria is giving customers another reason to visit its outlets, with the brand rolling out a nationwide Buy 1 Get 1 Free promotion on its signature Chicken Bucket meals, now with four new dips. The one-day offer was valid on August 19. Under the promotion, customers who purchased any Chicken Bucket meal  available in 8-piece, 12-piece and 21-piece options received a second bucket of the same size at no extra cost, along with four additional dips. Each bucket comes with four dip sauces, including Mayo, BBQ and Suyannaise, while customers can mix and match their preferred dip flavours across both the paid and complimentary portions of the order. The promotion was available simultaneously across KFC stores in nine locations: Lagos, Abuja, Port Harcourt, Enugu, Kano, Akure, Ilorin, Sagamu and Ibadan, highlighting the brand’s continued expansion across major and emerging commercial centres in Nigeria. For families, groups and value-conscious customers, the offer...

 A Nigerian digital product studio has introduced a new email platform designed to solve one of the most common problems in business communication correcting an email after it has already been sent. Afterwordmail, developed by Lagos-based Aurum Digital Consulting Limited, allows users to update the subject and full body of a message after delivery. Users can also replace, add or remove attachments, meaning an amended invoice, quotation or contract can replace the earlier document through the same link. The platform is designed around a simple principle: instead of trying to recall an email that has already reached its recipient, the sender maintains control of the content through a link. When a correction is made, recipients who access the link see the latest version. This applies whether they open the message shortly after receiving it or days later, and regardless of whether they have already read or forwarded the original email. Moving beyond traditional email recall Existing re...

Fortuna Capital Limited has formally announced its presence in Nigeria’s asset management industry, unveiling an investment model centred on professional management, research and long-term wealth preservation. The fund and asset management company is registered and regulated by the Securities and Exchange Commission and has positioned itself to serve a diverse investor base. Its target clients include individuals, corporates, institutions and high-net-worth investors. Fortuna Capital will provide discretionary and non-discretionary portfolio management, investment advisory and related services, with solutions designed around individual investment goals and risk appetite. The company said it is seeking to build a reputation as a trusted name in wealth creation and preservation. Its investment philosophy combines research-based decision-making with disciplined risk management and a long-term approach to investing. Fortuna Capital’s management team draws experience from the banking, capit...

The new AI powered update brings enhanced home screen, symptom check, medication reminders, health missions, daily check-ins, streaks, levels, SOMA Coins and personalized insights into one redesigned mobile experience. Somalens, a digital health and wellness application, has launched a major product update designed to make everyday health management simpler, more engaging and easier to sustain. The new experience combines daily health check-ins, personalized symptom insights and gamification features that encourage users to take small, consistent steps towards understanding and managing their wellbeing. Through health missions, streaks, levels and SOMA Coins, users can monitor their progress and receive recognition for completing positive health-related activities. For many people, looking after their health can feel overwhelming. Healthy intentions are often disrupted by busy schedules, forgotten routines or the difficulty of staying motivated when progress is not immediately visible....

  KudiWave Technologies Limited has raised questions over PalmPay Limited’s movement of N750,369,439.04 from its account while a legal challenge concerning the funds was already before the Federal High Court in Lagos. The company is seeking a full account of the transactions, including the instructions behind them, the destination of the money and the identity of the beneficiary. The concerns followed a review of KudiWave’s account records after access was restored. The records showed that funds were moved on July 11, 2026 and returned the same day. Four days later, N750,369,439.04 was removed from the account under the narration “Judicial Adjustment.” KudiWave said it was not notified before the transactions were carried out and did not authorise them. By the time the July 15 debit was made, the company had already challenged the June 29 order affecting its account. KudiWave filed its application on July 3, asking the Federal High Court to set aside the order and stay its executio...

  The growing demand for virtual assistance and outsourced business support has created new opportunities for companies seeking to streamline operations without significantly increasing internal staffing costs. Against this backdrop, The Queen VA, a premium, tech-enabled virtual support company founded by Precious Obodoegbulam, officially launched on Monday, July 13, 2026, with a focus on helping businesses, executives and professionals manage operational demands more efficiently. According to Obodoegbulam, while the virtual assistance industry has expanded rapidly in recent years, many support providers continue to operate reactively, handling tasks as they arise rather than developing systems that can support long-term business growth. The Queen VA was established to address what its founder describes as this gap by combining human expertise with artificial intelligence and automation to help clients simplify operations and reduce the administrative workload that can limit growth...