Business Report

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...

  Venus Hotel Management Software is strengthening its position in Nigeria’s hospitality technology market, with the company reporting increased adoption among hotels and growing recognition of its locally developed platform. According to data presented by SEOSAGE, the SEO specialist and Growth Manager for Venus, the platform recorded an increase in its user base between January and August 2026, reaching more than 100 active subscribers across different parts of Nigeria. The company said the growth reflects a growing shift among Nigerian hoteliers from fragmented and manual operational processes to integrated digital systems for managing their businesses. Venus provides tools covering reservations, front desk operations, billing, guest management, food and beverage sales, inventory, accounting, reporting and other core hotel functions. The development has also been supported by positive feedback from hotels using the platform. The founder of R & K Guest Palace, one of the hote...

 By Abiola Ayilara I have handed many things to many people in my years as a nurse: medications, discharge instructions and, sometimes, hard news held as gently as I could. But on July 26 in Lagos, I handed a room full of people something I had never given anyone before  the first glimpse of my book, The Homecare Framework. Writers will tell you that a book preview is exciting. They are right, but that is not the whole truth. What I felt watching people turn those pages was closer to exposure. This book carries 20 years of my life in it  from my nursing training here in Nigeria, through the NHS and homecare settings where I worked across the United Kingdom, to the Nigerian homes I have served since returning to found my homecare business. It carries the night shifts. The homes I entered as a nurse and left feeling almost like family. It also carries the failures of our healthcare system that I witnessed so often that they stopped shocking me. That frightened me more than ...

Simon Ajah is a Nigerian entrepreneur, real estate developer, and technology entrepreneur with interests across real estate, hospitality, and digital innovation. He is the founder of Simon’s Signature Realty Ltd, a Lagos-based real estate company focused on residential property sales, rentals, property management, and development. Through the company, Ajah has built a presence in Lagos’s competitive real estate market, working with homeowners, investors, and property seekers. Beyond real estate, Ajah has interests in the hospitality industry and is associated with Som’s Dishes, a Lagos-based food and hospitality venture. His interest in technology led him to co-found Hauslet, a PropTech platform created to simplify property discovery and improve the experience of buying, renting, and engaging with real estate services. Before establishing himself primarily as an entrepreneur, Ajah was involved in the Nigerian entertainment industry under the stage name Ajay Milli. He gained recognition...