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Nigerian Institutions Commit to the Growth of the Nigerian Leather Industry

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In a bid to highlight the positive impact the leather industry has on Nigeria’s economy, leading Nigerian institutions have expressed their unwavering commitment to the growth of the leather sector through the sponsorship of Lagos Leather Fair 5 (LLF5), which will be held on the 11th and 12th of June 2022, in Lagos.

This sponsorship support will enable the creation of a platform intended to identify and cultivate the untapped potential within the Nigerian leather industry, which is one of the primary goals of LLF.

LLF provides this platform for leather enthusiasts and key stakeholders across the African leather industry, bringing them all under one roof to showcase their creativity, skills, and talent. It offers a stunningly curated experience, featuring exquisite made-in-Africa leather products.

The convener of the Lagos Leather Fair, Mrs. Femi Olayebi, continues to encourage stakeholders within the leather value chain to foster an environment where collaboration and conversations can bring about opportunities, ideas and ultimately, growth within the sector.

She says, “Having played in the leather sector over the years, we have always advocated for solid partnerships and collaborations amongst key stakeholders.

“We believe that the support leveraged from each other will continuously drive the industry forward, unlock its untapped potential and most likely position it to be the next cash cow for Nigeria. For this year’s fair, we are overwhelmed by the level of support received from leading organisations spread across diverse sectors.

“It is interesting to know that there are organisations that are not only interested in the growth of the leather industry from afar but are willing to partner with stakeholders to promote and improve the sector.

“We are especially thankful to Bank of Industry, Afrexim Bank, Providus Bank, Leadway Assurance, Alitheia Capital, and SystemSpecs for putting their weights behind us, to improve the Nigerian leather industry.”

According to Mrs Olayebi, “during the 2-day exhibition, we will hold thought-provoking conversations that will pave the way for the industry. We will also have live atelier sessions, masterclasses, and catwalks with over 50 brands showcasing their products at the exhibition. All of this would not have been possible without our sponsors and media partners – PulseNG, Cool FM, Wazobia, and Nigeria Info.”

Since its inception in 2017, the Lagos Leather Fair has continued to drive industry-specific conversations amongst key stakeholders in the leather space, and continuously works to change the narrative within this space across not only Nigeria but Africa at large.

 


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General News

NRS Debunks Viral Claim of New Tax on Vehicle

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Nigeria Revenue Service (NRS) has denied reports that the federal government has introduced a new tax on vehicles.

NRS Debunks Viral Claim of New Tax on Vehicle

The clarification follows the circulation of a viral message online claiming that all vehicle owners would be required to start paying a new tax from July 1, 2026.

In a statement released on Sunday, the NRS said the information in the message is false and did not come from the agency or any official government institution.Nigeria Travel Guides

According to Dare Adekanmbi, spokesperson for the NRS, the viral message was designed to mislead the public. He explained that it was made to look genuine by using official government logos and formatting.

The message reportedly instructed owners of private, commercial, and corporate vehicles to pay an unspecified fee either online or through approved banks and agencies. It also included a website that was wrongly presented as an official government platform.

Adekanmbi stressed that the website mentioned is not connected to the government and warned Nigerians not to make any payments based on such information.

He said the NRS has not introduced any new vehicle tax and that any official policy or tax change would be properly announced through verified government channels.

The agency urged citizens to ignore the fake message and avoid falling victim to possible fraud. It also advised Nigerians to always confirm such information through trusted and official sources before taking any action.

The NRS further encouraged the public to follow its official communication platforms to stay informed about genuine tax policies, updates, and government directives.

 


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NCC to Intensify Crackdown on Illicit Network to Protect Copyrights

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National Copyright Commission (NCC) has reaffirmed that piracy remains a major threat to the nation’s creative economy, vowing to intensify its nationwide crackdown on illicit networks to protect intellectual property.

NCC to Intensify Crackdown on Illicit Network to Protect Copyrights

Pic credit…soundcloud.com

Dr. John Asein, director-general of the NCC, disclosed this in a statement to mark the 2026 World Book and Copyright Day.

The commission noted that piracy remains a major threat, undermining legitimate enterprise and eroding the economic value of creative works.

Asein lamented that inadequate distribution systems and limited access to books also constrain the growth of readership.

He described the event as an important occasion, which showcased the enduring value of books as foundations of knowledge, instruments of cultural preservation, and drivers of national development.

He described the theme for this year’s celebration, ‘Read Books, Respect Copyright,’ as a call on Nigerians to embrace reading as a lifelong habit, while recognising that respect for copyright is essential to sustaining creativity and rewarding authors.

The commission noted that Nigeria’s book industry has evolved significantly, from the post-independence emergence of indigenous publishing to today’s digitally driven ecosystem.

“Nigerian authors continue to gain global recognition, while publishers are expanding capacity. However, challenges persist,” he said.

The commission commended the National Intellectual Property Policy and Strategy, describing it as a bold step toward repositioning intellectual property as a driver of economic transformation.

The policy, according to him, provides a roadmap for revamping the book sector for the benefit of authors and publishers, and is accessible at ippolicy.ng.

The NCC also reaffirmed its commitment to inclusive access through the Marrakesh Treaty, as reflected in the Copyright Act, 2022, enabling accessible formats such as Braille and audio texts.

It urged Nigerians to respect copyright and purchase books only from authorised sources.


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Fusewall Holdings Acquires 100% Stake in Coloplus, Expands Telecom Infrastructure Footprint

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Fusewall Holdings, founded by Azeez Amida, has announced the acquisition of a 100 percent equity stake in Coloplus Worldwide Service Limited, in a move aimed at strengthening its position in Nigeria’s telecommunications infrastructure space.

Fusewall Holdings Acquires 100% Stake in Coloplus, Expands Telecom Infrastructure Footprint

Fusewall Holdings

The deal marks a significant milestone in Fusewall’s broader strategy to build an integrated and future-ready platform across key sectors, particularly within the country’s fast-evolving digital economy.

The transaction was led by Amida, whose role in structuring and executing the deal was described as pivotal. According to the company, his leadership helped align stakeholders and navigate complex negotiations to ensure a successful close while positioning the business for long-term growth.

A spokesperson for Fusewall Holdings said the acquisition represents “a deliberate step forward” in the company’s expansion strategy, noting that the focus remains on building platforms that combine operational efficiency, resilience, and scale.

Coloplus brings a substantial operational footprint to the deal, including access to about 900 partner locations and roughly 20 owned sites. This combination of reach and infrastructure control is expected to give Fusewall a strategic advantage as it scales operations nationwide.

Fusewall said it plans to deploy capital, strengthen governance structures, and enhance operational execution as part of the integration process. The move is expected to improve service delivery, boost infrastructure reliability, and support expansion into underserved and high-demand areas.

The acquisition also aligns with the company’s broader ambition to help bridge Nigeria’s telecommunications infrastructure gap by expanding connectivity, improving network resilience, and advancing digital inclusion.

Fusewall Holdings said the deal reflects its commitment to disciplined execution and long-term value creation as it continues to grow its footprint in Nigeria’s digital ecosystem.


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