General News
Lagos Motor Show Receives Accolades

The maiden edition of Lagos Motor Show has been commended for displaying classic and modern cars to the admiration of visitors.
His Royal Highness (Barr) Mohammed Sanni Haliru Dantoro, Kitoro IV. (Mai Borgu), The Emir of Borgu Kingdom, said that the show provided youths the opportunity to witness classic cars and electric cars for the elderly.
He asserted that they were able to see those cars on display because the LMS made it possible “The electric cars that we see in other countries, we are now seeing them coming into our country, which is a blessing to us,” Mai Borgu stated.
Dantoro was speaking at the two-day the Lagos Motor Show which took place at the Tafawa Balewa Square (TBS) Lagos State, Nigeria, between February 16 and 17, 2024.
The highly revered traditional ruler who was the patron of the Lagos Motor Show, aside commending the initiative of the organisers of the Show took time to inspect the vehicles on display especially those models before and after 1960, saying that they are part of the nation’s history.
He further harped on the historical significance of the LMS as majority of the cars on display have not been seen by the younger generation.
He said: “Most of the cars we are seen here in this Lagos Motor Show are part of history because most people have not seen these cars before now. A society without history is no society”.
The Royal Father who commended Engr. Gbenga Adebayo, Chairman and Chief Promoter of LMS, appealed to Nigerians whom he acknowledged to be passing through a critical time to exercise patience even though he said nothing happens without the knowledge of the almighty Allah.
Earlier in his address, Engr. Gbenga Adebayo, Chairman and Chief Promoter of the Lagos Motor Show, posited that the event was an exhibition of new innovation and developments in the auto Industry, from cars before Nigeria’s independence and after the independence.
He added that his passion for motoring as well as writing has snowballed into the Lagos Motor Show that has also exhibited Internet of Things (IoT) in automobiles, energy efficient cars, Electric Vehicles and Compressed Natural Gas (CNG) powered low emission vehicles.
He said that the Show would be an annual event and that part of the proceeds from the event and activities would be donated to charitable causes.
Chairman/CEO Saglev, Mr Sam Olugbenga Faleye spoke on the uniqueness of electric vehicles. While speaking he said that there are electric vehicles that can go five to six hours after recharging, he also disclosed that most of the cars are also coming with artificial intelligence(AI).
The CEO disclosed that part of the advantages of electric vehicles is that they don’t need massive engines, he stated that plans are on the way to assemble about eight models of such cars at Ikorodu even though the staff to man such car assembly are still undergoing training.
Saglev, while pointing out the the near indispensability of Nigeria automobile industry stated that the future of electric vehicles in Africa cannot be complete without passing through Nigeria.
Some of the companies and exhibitors at the Show include Toyota by CFAO Toyota, L-Solutions (Toyota, Suzuki, Mitsubishi, Mercedes Benz, E-Mobility) Automobiles.
Other exhibitors includes Suzuki by CFAO Suzuki, Sano by CFAO SANO Trucks, LEXUS – Brass Motors (Mercedes Benz, Lexus, Toyota) Luxury Automobile, BRASS – Marine and Yatch Services Marine services, WORK AND PLAY -Motor Sports Motor Sports Adventure Sports, JETOR by Elizade JETOR, JAC by Elizade JETOR, Services Machinery Trucks (STM)- Volvo VOLVO Trucks, among others.
General News
Fortune Global Shipping Aims to Transform Nigeria’s Business Landscape

Fortune Global Shipping and Logistics Limited is set to transform the business landscape of the logistics industry through services in oil and gas logistics, project cargo and lots more.
Managing Director and Chief Executive Officer of the company, Dr. Eric Opah, in a statement said the organisation is expanding into more regions across the globe with its latest addition of a corporate office in Benin Republic, while the Abuja and Lekki free trade zones which follow soon will be part of asset acquisition to serve the clients better.
In the statement tagged, “Plans for 2025: Global Business Expansion, Exciting Benefits for Customers Top the List,” Opah said he remains committed to upholding and promoting global standards and will stop at nothing in providing value added services to support clients and help them thrive this year.
He said: “The organisation is expanding into more regions across the globe with its latest addition of a corporate office in Benin Republic, while the Abuja and Lekki free trade zones which follow soon will be part of asset acquisition to serve the clients better.
“Much more, the number one Africa logistics partner has reiterated the commitment to provide innovative and ‘value-centric’ services in oil and gas logistics, project cargo and lots more.
“We remain committed to upholding and promoting global standards and will stop at nothing in providing value added services to support our clients and help them thrive this year.”
General News
Investing in Innovation Africa Shifts Focus to Growth-stage Startups in Response to US Aid “stop-work” Directive

Investing in Innovation Africa (i3), a pan-African initiative for startups building the future of healthcare supply chains, has made a pivotal change to its third cohort selection to prioritize the immediate support for between five and seven growth-stage companies building the future of pharmacy care in Africa.
Funded by the Bill & Melinda Gates Foundation and sponsored by MSD, Cencora, Endless Foundation, HELP Logistics, Sanofi’s Global Health Unit and Chemonics, i3 is dedicated to facilitating the commercialization of promising early- and growth-stage companies.
Selected startups receive introductions to leading potential customers in industry, donor agencies and governments, grant funding, and tailored investment readiness support from leading accelerators Villgro Africa, IMPACT Lab, Startupbootcamp Afritech, and CcHUB.
This comes in response to the United States (US) State Department’s “stop-work” directive for foreign aid issued on January 25, which is anticipated to impact the distribution of essential medicine in Africa’s healthcare supply chains.
The order highlights and intensifies the need for locally-driven, market-creating approaches to health product distribution and service delivery across Africa.
General News
Fidelity Bank to Launch Dedicated SME Hub for Small Businesses and Creative Entrepreneurs

Fidelity Bank, a leading financial institution, has announced the imminent launch of its dedicated physical facility for Small and Medium-scale Enterprises (SME) and entrepreneurs in the creative sector.

Mrs. Nneka Onyeali-Ikpe, MD/CEO, Fidelity Bank Plc
Known as the Fidelity SME Hub, the multipurpose facility features training halls, meeting rooms, networking spaces, podcast rooms as well as music, photography and content production studios.
“For nearly four decades, Fidelity Bank has been at the forefront of supporting small businesses in achieving their potential and driving the nation’s economy. During this time, we have recognized that SMEs require more than just financial assistance. This realization has led to the implementation of various non-financial initiatives tailored to support this sector.
“The Fidelity SME Hub is our latest non-financial solution for SME growth. The facility is designed to foster innovation, collaboration, and capacity-building -vital elements necessary for strengthening Nigeria’s SME ecosystem and driving economic growth”, commented Dr Nneka Onyeali-Ikpe, Managing Director/Chief Executive Officer, Fidelity Bank Plc in a chat with journalists recently.
Located at the heart of Lagos, the Fidelity SME Hub will provide entrepreneurs with networking and stakeholder engagement initiatives as well as access to industry experts and mentors for hands-on guidance and business advice. A key feature of the facility is the Creativerse, a well-equipped space for entrepreneurs in the creative industry.
The bank has also announced the launch of dedicated courses to be hosted at the SME Hub in areas such as Financial Management & Investment Readiness, Digital Transformation & Technology Adoption, Marketing, Branding, and Business Growth Strategies. Furthermore, a fully-fledged creative academy will be established to cover courses on Music Production, the Business of Music, Website Design & Development, Mobile Videography, Disc Jockey and Photography. To see a comprehensive list of available courses or to apply, please visit https://www.fidelitybank.ng/smehub/.
Explaining further, Onyeali-Ikpe said, “Beyond empowering small businesses, the Fidelity SME Hub will also serve to bolster our non-oil exports drive as we empower SMEs to increase their contribution to Nigeria’s non-oil GDP thus supporting government’s economic diversification drive. Through our investment in Creativerse in particular, we anticipate that content creators will unlock new revenue streams in entertainment, digital media, and arts, an industry already contributing 2.3% to GDP.”
Ranked among the best banks in Nigeria, Fidelity Bank is a full-fledged customer commercial bank serving over 8.5 million customers through its 255 business offices in Nigeria and the United Kingdom, as well as through digital banking channels.
The bank has garnered multiple local and international awards, including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, Best Payment Solution Provider Nigeria 2023, and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards. It was also recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023 and the Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.
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