Asianet Pakistan Private Limited

Looking back on your journey, what were some of the early challenges you faced, and how did you overcome them?

Early on, exchange rate volatility threatened everything. Importing eyewear and fragrances became a moving target financially. My solution was threefold: build stronger supplier relationships for better terms, time my inventory purchases strategically, and diversify into local products to reduce forex risk. That’s partly why our Nigerian-made line exists-it’s both a celebration of local excellence and a smart business hedge. Finding reliable staff was the other major hurdle. I learned that investing in training and creating a culture centred on quality and value pays dividends. You can’t build a premium brand without a team that understands and embodies those standards.

How did your upbringing and personal experiences shape your entrepreneurial spirit and drive?

I’ve always loved fashion, and it made me pay attention to details. I noticed that when you meet someone, their glasses catch your eye first. And when you enter a room, the smell is what hits you right away. These everyday observations became the inspiration for my business.

With over 10 years of experience in the oil and gas sector, what skills do you think have been most transferable to your entrepreneurial ventures?

Two critical skills have transferred seamlessly: maintaining rigorous quality control standards and establishing strong relationships with OEMs. These partnerships ensure consistent after-sales service support and timely access to genuine spare parts, which are essential for customer satisfaction and business sustainability.

How has your background in sales, business development, and contract negotiation influenced your approach to building and growing your brands?

My sales experience centres on one principle: create value by solving problems and clearly communicating that value to clients. In business development, I’ve applied staged growth within my areas of expertise. Our eyewear line evolved from unique frames to contact lenses to full optical services through strategic partnerships. Our fragrance division grew from basic humidifiers to industrial diffusers and premium UK fragrance brands. We’ve also expanded into Nigerian-made wellness products, creating an integrated lifestyle offering at every stage.

What motivated you to transition from a corporate career to entrepreneurship, and what challenges did you face in making that leap?

Let’s be honest-I never fully transitioned; I smartly straddled both worlds. There’s wisdom in keeping your day job while building your business. My corporate environment became my testing ground and client base. Every conference I attended with my unique glasses sparked conversations that often ended in sales.

Why wouldn’t I turn my professional network into my customer base? The biggest challenge? Making sure people knew I was serious about business and not just accessorising well!

What inspired you to create CNM Essentials, and how do you envision the brand evolving in the future?

Honestly, COVID sparked it all. Everyone suddenly needed humidifiers and essential oils to breathe easier and stay healthy at home. But as I started selling these products, I realised people wanted more than just wellness-they wanted their spaces to feel peaceful and smell incredible. That’s when CNM Essentials evolved from a pandemic necessity into a brand about creating beautiful, serene environments. Going forward, I want us to be the brand people think of when they want to transform how their space feels and smells.

Your brand emphasises wellness, elegance, and intentional living. Can you share more about what these values mean to you and how they shape your business decisions?

Wellness, elegance, and intentional living translate into one core principle for me: never compromise on comfort or style. Every business decision starts with value creation and customer satisfaction-not pricing. I ask myself: Will this product make someone feel better? Will it help them express themselves? Does it deliver quality they can experience? When you prioritise value and satisfaction upfront, price becomes a natural conversation rather than an objection. Customers invest in products that genuinely enhance their lives.

The launch of your Made-in-Nigeria haircare line is a significant step towards celebrating African excellence. What drove this decision, and how do you see it impacting the beauty industry?

We’re sitting on a goldmine of natural products like shea butter in Nigeria. The decision to launch this line came from understanding that quality control and packaging are game-changers. With proper refinement processes and premium packaging that meets international standards, these products aren’t just for local consumption-they’re export-ready. I want to show the beauty industry that Nigerian products, when held to the highest quality standards and presented professionally, can compete globally. It’s about elevating our natural resources to their rightful place in the market.

How do you think businesses can balance profitability with social responsibility and sustainability?

Honestly, I don’t see them as competing priorities. Good business is responsible business. When we invest in quality control for our local products, we’re protecting customers and building trust. When we source Nigerian ingredients, we’re supporting communities and reducing environmental impact from imports. When we use proper packaging, we’re ensuring products last and reducing returns. Every responsible choice strengthens the business. Profitability isn’t about cutting corners-it’s about creating value that customers recognise and are willing to pay for. Do that right, and both your bottom line and your impact grow together.

I woke up today with the feeling that there was something about this date. Then I remembered. it would have been Fred’s birthday.

Fred was my friend many years ago. He always came to visit his uncle, Caleb, during the holidays. Caleb was our neighbour, a young land surveyor who related well with us. Most evenings, when NEPA had done their thing, we would sit at a corner and gist until our parents began to call us in, one after the other. Those evenings are memories I still hold dear because they were simple, innocent times.

Uncle Caleb was older. Of course, he was a graduate and always had stories about life in the university. I listened with so much interest because I was eagerly waiting for my own admission into the university. His words painted the picture of a wider world: freedom, experiences and challenges. I would always daydream about how I would fit into that new life. But there was something I disliked: the way he spoke so highly about a particular fraternity. He praised them constantly, proudly pointing out that he was a member. I could see that he was planting ideas in Fred’s mind and also shaping his curiosity, and I wasn’t happy about it. But I was powerless to stop it.

Fred and I became close. We could sit for hours, talking about the future. My dreams leaned toward business. I wanted a degree but longed to be an entrepreneur. Fred, on the other hand, had his heart set on becoming a computer engineer. His plans were bold and his ambitions clear. I admired his drive, and deep down I believed he had what it took to succeed. He often teased me by saying I would end up as his wife. I used to laugh it off, thinking it was just a teenage joke. But slowly, his tone changed. He started asking me to have sex with him. That shocked me. We were only teenagers, still waiting for university admission. We had no business entertaining such thoughts, so I told him off firmly.

A few days later, I heard whispers that shocked me. Fred had gone around claiming I was his sex partner. The story spread fast, and before long, people began to see me as ‘an easy lay.’ I was crushed. Even his uncle, who once related well with me, suddenly stopped speaking to me. He would ignore my greetings as if I had committed some crime. I was the one wronged, yet I bore the shame. It broke my heart deeply, but thankfully, this happened just as I was preparing to leave for campus.

By the time I returned from school, the rumours had died down, but the scars remained. The whole experience had taught me a painful lesson about trust and how easily a reputation could be destroyed. Fred continued coming around during the holidays, but I made sure to ignore both him and his uncle. I had matured, and I was too busy to pay them any mind.

A year later, universities went on strike. We were all at home again, and that was when I saw Fred. I was sitting outside my house one evening when he walked past with his uncle. This time, he wore a beret, the colour boldly declaring his allegiance to the fraternity his uncle always praised. He wore it with pride, his uncle by his side, smiling from ear to ear, his shoulders lifted like a peacock. I watched them, and though they weren’t my favourite people, something inside me broke. For reasons I couldn’t explain, I felt pity for Fred. He had chosen a path, but I wondered if he really understood what he was walking into.

When schools reopened after the strike, I returned to campus. Holidays came again, but Fred was nowhere to be seen. For three consecutive holidays, he did not come to Lagos. I found it strange, but I could not ask his uncle since we still weren’t on speaking terms. His absence stayed at the back of my mind, but I buried the thought.

Then came a chance encounter on Facebook. Fred’s younger brother added me as a friend, and we began chatting. Finally, I asked the question that had been on my mind for years: ‘How is Fred?’ His reply was quick and unexpected: ‘Fred is dead.’

I froze. My heart sank. I asked how it happened, and he told me the story. Fred had been caught in a clash between two rival cults, and he was shot in the leg during the fight. When the police arrived to calm the situation, they arrested everyone. Fred was taken straight to prison alongside the rest, without any medical care. He begged them to call his mother, a medical doctor, but they refused. He pleaded for help as the wound worsened, but nobody listened. For two days, he nursed his injury. Those were the days before mobile phones were everywhere, so it took time for his family to even hear about his arrest. By the time his mother arranged for him to be moved to a hospital, it was too late. Fred died on the way.

That news shattered me. Fred had once been full of life, intelligence and ambition. He dreamed big and had the determination to achieve so much, but unfortunately, his choices had cut him down in his prime. Today, he would have been 50. I can’t help but think about the life he could have lived and the dreams he might have fulfilled.

And as for Uncle Caleb. wherever he is now, I wonder how he lives with himself knowing that he was the one who glorified the path that led his nephew to destruction. Fred was gone too soon, and the tragedy is that it didn’t have to be this way. His story reminds me that influence is powerful and can either build or destroy. No matter how intelligent or ambitious a person is, the choices they make will determine their future.

Life is fragile, and every day must be lived with wisdom.

Cardano (ADA), Worldcoin (WLD), and BlockDAG are all at defining moments that highlight the range of opportunities across the crypto market. Cardano (ADA) is flashing warning signs as analysts track a possible price drop to $0.73. Worldcoin (WLD) presents a very different picture with a bullish setup after retesting the $1.20 to $1.30 support zone.

Yet, both ADA’s risk and WLD’s rally pale in comparison to the structural momentum behind BlockDAG. BlockDAG’s Awakening Testnet is a live display of a working Layer 1 ecosystem. Nearly $420 million has already been raised, 26.5 billion coins sold, and 20 exchanges secured before launch. BlockDAG combines live technology, massive liquidity, and a global community, making it the best choice for those seeking both growth and immediate infrastructure strength.

Cardano Fakeout Warning: Could ADA Slip to $0.73?

Analyst Dan Gambardello is flagging a possible ‘fakeout’ scenario for Cardano (ADA), suggesting its current price rebound may not hold. He points to a wedge pattern on ADA’s weekly chart that could break downward, targeting a drop to around $0.73.

According to his analysis, the risk model reading stands at 35, a level closer to bear market lows than bullish territory. Meanwhile, ADA has drawn institutional attention, with Reliance Global Group reportedly allocating $120 million toward it.

The pattern suggests the price is at a major decision point: hold above support, and recovery could resume; break down, and sharper losses may follow. For those considering exposure, ADA’s value lies in its development framework and community backing, not just momentum.

Worldcoin Eyes 78% Surge After Critical Retest

Worldcoin (WLD) is attempting to stabilize after a sharp pullback, and signs point to a fresh rally. The token has retested support in the $1.20-$1.30 zone, an area where buyers have historically stepped in. If that level holds up, WLD could aim for a breakout with projected upside near 78%, pushing toward $2.05.

Prices currently sit around $1.28, under pressure but not collapsing. A clear close above $1.60 to $1.85 could confirm further gains, while a breakdown below $1.20 may risk a decline toward $1.00. For investors, WLD’s appeal lies in its high volatility and clear technical zones to watch. The retest offers an entry point with defined risk and reward.

BlockDAG’s Awakening Testnet Showcases Full Ecosystem!

BlockDAG’s Awakening Testnet is more than a technical stress test. It is a live preview of an entire Layer 1 ecosystem unfolding in real time. By joining Awakening, users are not simply checking if a network works. They are stepping into a connected environment where mining applications, smart contracts, and future decentralized apps interact within the same chain from the start.

Developers can already deploy contracts using familiar Ethereum tools. At the same time, miners link hardware directly to the network, creating a synchronized ecosystem that proves scale and utility before the mainnet even arrives.

The numbers behind this launch show that BlockDAG is executing on every front. Over nearly nearly $420 million has been raised, more than 26.5 billion coins have been sold, and 20 exchange listings are secured ahead of the first trade. More than 312,000 holders have joined, while 20,000 miners are shipping worldwide to power the network.

Early buyers from Stage 1, when the price was just $0.001, are already enjoying massive gains at Batch 31’s official $0.03 price. Plus, this rate has been slashed to $0.0015 for a short time, unlocking a massive opportunity for current buyers! Supported by its multi-year partnership with the BWT Alpine Formula 1® Team, BlockDAG shows that Awakening Testnet is not just a testnet but the live entry point to a complete, launch-ready crypto economy.

Final Thoughts

Cardano (ADA) faces a risky setup as it struggles to hold key support, with analysts warning of a possible price drop toward $0.73. Worldcoin (WLD) shows a strong bullish setup after a critical retest, giving traders a clear path toward a 78% upside if momentum holds. Both coins offer opportunities but depend on technical triggers for confirmation.

BlockDAG, however, is delivering far more than speculative signals. Its Awakening Testnet is live, 20 exchange listings are secured, and over 312,000 holders are already involved. With nearly $420 million raised and Stage 1 buyers already sitting on massive gains, BlockDAG combines live technology, global liquidity, and hardware integration, making it the best new crypto to buy for 2025.

As digital technology becomes increasingly central to education and daily life, experts have called for the responsible adoption of digital literacy in Nigerian schools to curb students’ abuse of technology integration in learning across the country.

They emphasise that beyond access to devices and the internet, students must be equipped with the skills to navigate the digital world safely, ethically, and effectively.

Obianuju Onuorah, deputy director at the National Library of Nigeria, speaking at the commemoration of International Literacy Day organised by the National Library of Nigeria and the Zacchaeus Onumba Dibiaezue Memorial Library on Tuesday, September 30, said that in today’s digital world, literacy encompasses not only traditional reading and writing skills but also digital literacy.

‘It is essential to equip everyone, including students, with the skills to navigate, evaluate, and create digital content,’ she said.

Onuorah, who is also the head of the National Library of Nigeria, Lagos branch, said their institutions serve as a hub for knowledge innovation and community engagement.

‘We are committed to supplying literacy initiatives and providing resources that empower Nigerians to achieve their full potential in the digital era,’ she noted.

She emphasised that the International Literacy Day is observed annually on September 8, and that it was first held in 1967 by UNESCO to remind the world that literacy is a foundational human right and a pathway to dignity, opportunity, and equality.

Literacy, she explained, opens the door to education, creativity, and lifelong learning for children and lays the foundation for inclusion, sustainability, and progress.

The theme for 2025 International Literacy Day (ILD) is ‘Promoting Literacy in the Digital Era’, which highlights the importance of literacy in the digital age and the need to harness technology to promote education and socio-economic development.

Ifeoma Esiri, chairperson at Zacchaeus Onumba Dibiaezue Memorial Library, said that digital learning is something that has come to stay, and that Nigerians must embrace the truth of modern education, which is digital.

Esiri emphasised there is no two ways about the exposure a child can have, but by sensibly using the internet to gather information about all sorts of things, stressing that AI is a tool that, when used responsibly, is empowering.

‘Technology has taken over the way people learn, and it has come to stay. So it’s for us to understand it and empower our children to know how to use it responsibly.

‘If they use it responsibly, they will be able to acquire the knowledge and learn from it,’ she said.

She applauded the collaborations with Book Aid International, a UK-based charity organisation that works with UK publishers to supply brand-new books to libraries and communities in need, primarily in sub-Saharan Africa.

She said collaborations with Book Aid International and the National Library of Nigeria have been very impactful in her organisation’s literacy drive.

Agbaje Daniels, a staff member of the Mainland Local Government Education Authority, urged the students not to use digital tools in negative ways. ‘The one thing that I love about this digital literacy is the fact that it augments our learning.

‘Digital tools expand our knowledge and add more speed to our learning. But I implore you as a student, make use of those tech tools wisely,’ he said.

Olatunbosun Taofeek anchored the panel discussion session on ‘Blending Books and Digital Tools: How Technology is Transforming Learning.’ He told the students that their ability to blend books and digital tools will distinguish them.

‘Strive to always read from both sides, read your books, and at the same time use your digital devices,’ he emphasised.

Bisola Bilewu, head of catalogue at the National Library of Nigeria, took the students through a digital treasure hunt session.

The event had over 100 students from different primary and secondary schools across Lagos State in attendance.

Nigeria’s fashion and creative industry is fast becoming the sectors that contribute to the growth of the economy because players in these sectors are constantly leveraging new trends to empower creatives to grow their brands.

To create a platform for leading voices in the Nigerian fashion ecosystem, fashion entrepreneurs, creatives, and industry leaders can brainstorm on new ideas. The Community Collective (TCCo), in collaboration with MTN Nigeria and the British Council, have organised a Venture Stack 3.0 event to explore how desirability, value chains, and market access can be leveraged to grow the industry.

The one-day venture stack event with the theme, ‘Designing Desirability: Unlocking Value Chain and Market Assets for Fashion and Beauty Products and Brands’, Lagos, brought together leading minds in Africa’s creative and entrepreneurial space, who shared actionable insights on building with resilience and consistency, adopting scalable operations models, and positioning brands for market growth.

Speaking at the event, award-winning style icon Mai Atafo highlighted the importance of excellence and the need for constant learning, adding that creatives need to learn in every single way possible, being hungry to learn.

Dare Aliu, founder of TDA Group Africa, emphasised that despite the dearth of human capacity development across Nigeria, it is still possible to have good hands if entrepreneurs are willing to pour themselves into their staff.

According to him, the fashion and creative industry has fewer and fewer people who are willing to work; however, in the rot organisation and entrepreneurs can still find gold.

On her part, Moremi Dare-Aliu, founder of Pink Perfection Accessories, encourages entrepreneurs to start small and stay consistent regardless of the circumstances.

‘You can start small with whatever business endeavour you identify, but you only need to stay consistent and build through the silent days’, she said.

Imogie Immanuel, founder, The Community Collective (TCCo.), said the organisation focused on building a culture where entrepreneurship in Africa thrives through collaboration, partnership and trust.

According to him, creators, founders, and innovators stand a better chance of success when connected through linkage systems that facilitate resource sharing and access to valuable networks.

‘Our vision is a thriving, inclusive ecosystem that delivers support and inspires individual growth, with the potential to transform society at large. With Venture Stack, we bridge the gap between industry leaders and the next generation of entrepreneurs and business leaders to build smarter and scale stronger as a collective,’ he said.

Commenting during the fashion showcase, special guests Debie Mangut, a creative strategist and market conversion expert, and Franklin Ozekhome, a pop-culture strategist, spoke to the importance of leveraging business data and consumer understanding in developing strategies for brand connection and growth.

In addition to the fireside chat, the first edition of the Venture Stack marketplace was launched, spotlighting curated style brands that showcased their made-in-Nigeria fashion and beauty pieces.

Featured vendors included: House of GDI; Laurens and Co; Imani; The Good Girl Fit; Sassy by Etty; Style by Empress Express; Noga Stephen; House of Xtyna; Esit and Bon Plaisir

Venture Stack 3.0 attendees engaged in robust QandA sessions and benefited from mentorship in real-time, receiving candid and intentional advice from panellists who drew on years of industry experience.

The day combined education and commerce, from vendor stands to wisdom nuggets on unlocking distribution, pricing for desirability, and building market-ready products.

Me Cure Industries Plc shareholders were rewarded with a dividend payout of N600 million, translating into 15 kobo per share.

The company grew its revenue by an impressive 45 percent in the financial year ended December 31, 2024, increasing from N31.7 billion in 2023 to N46 billion, although profit before tax (PBT) declined moderately by 8.3 percent to N3.3 billion, down from N3.6 billion in 2023 due to tough operating environment.

Despite significant macroeconomic headwinds, including inflationary pressures and high interest rates, the revenue growth was driven by a strong focus on cost optimisation, product innovation, and regional market expansion.

Similarly, profit after tax (PAT) decreased by 20 percent, from N2.9 billion to N2.3 billion.

‘This performance underscores the dedication, innovation, and adaptability of our management and staff in navigating a challenging business landscape. During the year, we launched 10 new products and commenced exports to neighbouring West African markets, further deepening our regional presence. In line with our growth strategy, we continued significant investments in facility upgrades to meet global Good Manufacturing Practice (GMP) standards. Our Lagos industrial complex now houses six standalone, NAFDAC-approved production plants, enhancing output capacity across tablets, capsules, and syrups.

‘On the innovation front, our in-house Research and Development team continued to develop new products, several of which are now awaiting regulatory approval from NAFDAC. We remain committed to the highest standards of corporate governance, transparency, and ethical conduct. Throughout the year, the Board worked closely with management to strengthen internal controls, ensure regulatory compliance, and manage emerging risks.

‘In alignment with the Nigerian Code of Corporate Governance and international best practices, our governance structure continues to evolve. We are prepared to take advantage of emerging opportunities,’

Samir Udani, chairman, Me Cure Industries said at the company’s Annual General Meeting in Lagos at the weekend.

Shareholders commended the performance against the backdrop of the inclement operating environment.

Bisi Bakare, coordinator, Pragmatic Shareholders Association said: ‘Despite the challenges in the economy, Me Cure was able to grow its revenue by 45 percent. This shows resilience. The company also rewarded the shareholders with 15 kobo dividend per share. This is also commendable. Itsinvestment in 10 new products will boost revenue in the nearest future.’

Another shareholder also noted that the decision of the founder of Me Cure Industries to invest in Nigeria would encourage more foreign investors to do the same.

He commented the initiative and advised shareholders to patronise the company’s products as a way of supporting its operations. The shareholder urged the company to take advantage of the new government policy on tariffs to boost its operations and expand activities to more African countries.

Sixty-five years after independence and decades of investment in infrastructure, Nigeria’s transport system remains a key barrier to economic growth.

Experts say the sector is approaching collapse, unable to meet the needs of a growing population or support development goals.

Despite allocating billions of naira to roads, railways, airports, and waterways, Nigeria continues to grapple with a fragmented, underperforming network that increases business costs and hampers productivity.

Samuel Odewumi, a former dean of the Faculty of Transportation and Logistics at Lagos State University of Science and Technology (LASUSTECH), told BusinessDay that transport policy remains reactive and poorly coordinated across all levels of government.

Odewumi said, ‘Nigeria’s population has more than doubled since 1990, but our infrastructure has not kept pace. This gap creates bottlenecks, slows economic activity, and raises logistics costs.’

He warned that without urgent reforms, the system could face long-term breakdown.

Odewumi identified overreliance on roads as a central issue. While a small fraction of Nigerians use air travel, most depend on road transport, much of which is deteriorating.

‘Our roads are not only overused, but misused. Trucks often carry 90 tons on roads designed for 30. That causes rapid damage, and repairs are often ineffective,’ he said.

He noted that seasonal rainfall compounds the problem, eroding road surfaces and worsening infrastructure already under strain.

He also criticised the state of rail transport, pointing out that only a few lines – Lagos-Ibadan, Abuja-Kaduna, and Warri-Itakpe – are functional, and even those operate below capacity.

‘The Warri-Itakpe line has been down for over two months. A single locomotive has served the route for years with limited maintenance. That’s not viable,’ he said.

He expressed concern over Nigeria’s reliance on Chinese loans for rail development, warning that maintenance and repayment are becoming difficult.

He also cited the lack of coordination among federal, state, and local governments as a persistent challenge.

‘Responsibility is often unclear. State and local governments frequently wait for federal action. As a result, many feeder and rural roads are neglected,’ he said.

Odewumi called for stricter freight regulations and a shift toward rail and inland waterways for moving goods. He emphasised the need for a multimodal system that integrates road, rail, air, and water transport and for policies that prioritise efficiency over political optics.

‘We can’t build enough roads to meet demand. Cargo from Lagos to the East should move by rail or sea, not trucks,’ he said.

He noted that transport inefficiencies raise operating costs, discourage investment, and reduce national competitiveness.

Odewumi also criticised the prevalence of tricycles and mini-buses in urban centres, describing them as indicators of underdevelopment.

‘When small vehicles dominate city transport, it reflects poor planning. One train can move thousands. A mini-bus moves a dozen – with greater risk. We must invest in safer, more efficient systems,’ he said.

He argued that sustainable solutions lie in clear policy, effective leadership, and private sector involvement.

‘Transport can be self-financing. Government should focus on creating an environment that supports private investment and long-term planning,’ he said. ‘At 65, Nigeria should not still be struggling with basic transport issues.’

Isa Emoabino, a fellow of the Nigerian Society of Engineers and former chairman of the Nigerian Institution of Highway and Transportation Engineers, echoed similar concerns.

He said that despite policy reforms and budgetary allocations, including N256.8 billion in the 2025 federal budget, Nigeria’s transport system remains inadequate.

‘At 65, our transport sector should be enabling growth. Instead, it’s holding us back,’ Emoabino said.

He pointed out that road infrastructure has not kept pace with population growth or economic targets.

‘There’s a significant infrastructure gap, and existing assets are poorly maintained,’ he said.

He also questioned the proposed 5 percent fossil fuel tax for road maintenance, urging transparency and clear application of funds.

‘People will only support taxes when they see how the money is spent. The process must be accountable,’ he said.

He linked poor road conditions to rising insecurity. ‘Most kidnappings and robberies happen on bad roads, where vehicles are forced to slow down,’ he said.

He added that improved infrastructure would lower logistics costs, ease food distribution and help stabilise inflation.

While acknowledging progress in rail development, he said it is still insufficient.

‘From 1960 to 1990, we neglected rail. Everything shifted to roads – and that’s why they deteriorate faster,’ he said.

He called for bulk cargo and petroleum to be moved via pipelines and rail, rather than by trucks.

‘Transporting petroleum by road damages infrastructure and increases risks. We have alternatives but don’t use them effectively,’ he said.

He also urged the government to implement the National Road Fund and Federal Roads Authority laws, already passed but not yet operational.

‘The frameworks are there. What’s missing is action,’ he said.

He linked transport failures to food insecurity, saying many farmers cannot move their produce, leading to waste and higher prices.

‘If transport doesn’t work, food can’t move – and that affects both availability and cost,’ he said.

He called for a national transport strategy focused on sustainable funding, consistent maintenance, and integration across modes.

‘We need less talk and more execution. Fixing transport is key to fixing the economy,’ Emoabino said.

However, Chris Itsede, executive chairman of Polar-Afrique Consulting, said road construction is already contributing to economic activity.

He cited shorter travel times, lower transport costs, and improved access to markets, healthcare, and education as indicators of progress.

‘Road projects are enhancing regional connectivity. Farmers can reach markets faster and reduce post-harvest losses,’ he said.

He noted that construction creates jobs across sectors – for engineers, technicians, and suppliers – and stimulates local economies.

‘Better roads attract investment, support small and medium businesses, and help drive growth,’ Itsede said.

He acknowledged that road infrastructure is expensive but said long-term benefits outweigh the costs.

‘Efficient logistics improve productivity. Roads connect people and goods,’ he said. ‘As Nigeria continues to invest in infrastructure, road development will remain central to inclusive growth.’

Still, many experts agree that roads alone cannot deliver the impact needed.

Roads account for more than 90 percent of internal cargo transport, yet many are in poor condition. Rail services remain limited, and inland waterways are underused.

Without coordinated reforms and integrated planning, Nigeria’s transport system may not only fail to support growth – it could actively hinder it.

Leading digital wealth management platform, Zedcrest Wealth, has launched its most ambitious initiative yet – the ‘Make Accounts Great Again’ campaign. This three-month initiative reimagines how Nigerians save and invest in a high-inflation economy and is designed to make investing more rewarding, relevant, and accessible for everyone.

With the country’s inflation rate hovering around 20.33% and food costs contributing to over 40.1% of that figure, the ‘Make Accounts Great Again’ campaign arrives at a critical moment. Rather than offering traditional investment solutions alone, Zedcrest Wealth has developed a financial ecosystem that grows wealth and gives users practical, real-life benefits, simultaneously.

The campaign introduces a blend of high-yield investment options and lifestyle rewards through strategic partnerships, bringing a fresh approach to wealth management in 2025 and beyond.

Core Benefits of the Campaign

Through the ‘Make Accounts Great Again’ campaign, Zedcrest Wealth offers the following perks:

Meal Rewards for Smart Investing: Through a partnership with Chowdeck, new users receive a meal voucher to enjoy Double Chickwhizz for ?1,500 after they sign up and verify their BVN.

Free Premium Entertainment: Zedcrest Wealth has partnered with Circuits – a virtual cinema and digital streaming platform. Users earn zedcoins for every action taken on the Zedcrest wealth app, and these zedcoins can be exchanged for Circuits vouchers in the Gift Shop. Circuits feature premium African storytelling, movies, series, comedy specials, and curated digital experiences.

‘Telling people to invest for the future while inflation erodes their present purchasing power is an outdated model,’ said Adetayo Jinadu, Head of Marketing, Zedcrest Wealth. ‘We envision a future where every Nigerian feels empowered and rewarded for their smart financial decisions. Therefore, we are pioneering a model where your money works twice as hard to generate competitive yields for tomorrow, while also delivering immediate value and rewards for today. This is why we are ‘Making Accounts Great Again.”

How Zedcrest Wealth Is Making Accounts Great Again

Zedcrest Wealth eliminates the friction that keeps Nigerians out of wealth-building opportunities. They offer the following:

1. Higher Returns that Beat Inflation: Zedcrest Wealth consistently offers the highest yields in the market across its product lineup. Therefore, users can earn more from their savings and investments. The Zedcrest Money Market Fund outperforms the national average, helping investors grow wealth in real terms.

2. No Hidden Charges or Withdrawal Penalties: Unlike other platforms that impose delays or penalize early withdrawals from users’ capital, Zedcrest Wealth ensures full liquidity and transparency without compromise. Investors can access their funds instantly and anytime, without incurring penalties on their capital.

3. Real-Life Rewards for Investing: Zedcrest Wealth rewards users with tangible benefits for taking simple financial actions. Through strategic partnerships with Uber, Chowdeck, and now, Circuits, users can save on the things they are already spending money on, such as food, transportation, and entertainment.

4. Access a wide range of investment options: With a range of accessible investment products, individuals can choose the investment paths that best align with their financial goals, risk appetite, and long-term strategies. Whether seeking steady growth, high returns, or something in between, they can build a complete, diversified portfolio with Zedcrest Wealth.

5. Investing is Simple, Fun, and Rewarding: When people understand money, they make better decisions, and better decisions build wealth. The Zedcrest Wealth app provides built-in financial literacy content, goal-based investing, and personalized recommendations and insights. Through gamified features, users also earn rewards for every action taken on the app.

Join the Movement – Go Make Accounts Great Again

Take advantage of these offers and start building wealth on your terms. Download the Zedcrest Wealth app today on Google Play Store or the App Store, open an account, and start investing with benefits that go beyond just returns.

About Zedcrest Wealth

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The Nigerian Exchange (NGX) began trading on June 5, 1961, just seven months after Nigeria gained independence on October 1, 1960.

Although the market was incorporated in September 1960, formal trading did not begin until the enactment of the Lagos Stock Exchange Act No. 14 of 1961. At inception, the market opened with just three equities, six Federal Government bonds, and ten industrial loans.

By 1974, when the exchange was renamed the Nigerian Stock Exchange, the number of listed equities had grown to 36. This figure peaked at 217 in 2010 before declining to the current 148.

Today, 26 equities listed on the NGX predate Nigeria’s independence. This tally excludes companies such as Flour Mills of Nigeria, which delisted in early 2025, and United Bank for Africa, incorporated in 1961. It also excludes Sterling Holdco, whose roots trace back to Nigeria’s first merchant bank, NAL Merchant Bank, founded in 1960.

Among these 26 pioneer companies, there are six financial services firms, six industrial goods companies, four consumer goods players, three conglomerates, and one services company.

African Alliance Insurance

African Alliance Insurance (AFRINSURE) was incorporated on May 9, 1960, becoming the first indigenous life assurance company in Nigeria. Founded by Shafi Edu, Talabi Braithwaite, and M.E.R Okorodudu, AFRINSURE listed on the NGX in September 2009.

In 2005, the company co-founded PAL Pensions in a joint venture with FSDH. As of September 2025, Leadway Holdings has acquired PAL Pensions. However, AFRINSURE shares remain suspended from trading due to missed regulatory filings since 2023.

Berger Paints

Berger Paints was established in 1959 as British Paints (West Africa), initially importing paints from Newcastle, England. In 1962, it built its first factory in Nigeria.

Following the 1973 indigenisation decree, 60 percent of its shares were listed on the exchange. In H1 2025, Berger Paints posted its best half-year performance, with revenue of N6.2 billion and net income of N945.8 million, reflecting a 15 percent profit margin.

Chellarams

Founded by Kishinchand Chellaram in 1923, the company was incorporated in Nigeria in 1947 and listed on the NGX in 1977. Originally a textile merchant, Chellarams expanded into department stores in 1947.

Over time, it moved into industrial chemical production, winding down its consumer goods division. Today, its subsidiaries include Chelltek Industries, Dynamic Industries, and United Technical and Allied Services.

Coronation Insurance

Incorporated in 1958 as the West African Provincial Insurance Company (WAPIC), Coronation Insurance listed on the NGX in August 1990. The company rebranded in 2020, reflecting its affiliation with major shareholders Coronation Capital and Coronation Asset Management.

It is now controlled by Aigboje Aig-Imoukhuede, Chairman of Access Holdings Plc.

First Holdco

First Holdco traces its roots to the British Bank of West Africa, established in 1894. Following acquisitions and name changes, it became First Bank of Nigeria in 1979. The bank listed on the NGX in 1991, adopted a holding structure as FBN Holdings in 2012, and rebranded as First Holdco in 2025.

As of June 2025, First Holdco is Nigeria’s fourth-largest banking group by assets, with total assets of N27.2 trillion.

Guinea Insurance

Guinea Insurance began as the insurance department of British West African Corporation (BEWAC) in 1948 before being incorporated in 1958 as a non-life insurance company.

Initially foreign-owned, with foreigners holding 51 percent, the 1976 indigenisation decree increased Nigerian ownership to 60 percent. Though its exact listing date is unclear, the decree likely necessitated its NGX debut.

Guinness Nigeria

Guinness Nigeria was incorporated on April 29, 1950, though the brand had been sold in Nigeria earlier by UAC. Initially an importer, the company established the first Guinness brewery outside Ireland and Britain in Ikeja, Lagos, in 1962 through a joint venture with UAC.

Guinness Nigeria listed on the NGX in 1965 with about 1,200 shareholders. Today, it is majority-owned by the Tolaram Group, which licenses the Guinness brand from Diageo Plc. It is Nigeria’s second-largest alcoholic beverage company.

Industrial and Medical Gases Nigeria

Founded in 1959 by the British Oxygen Company as Industrial Gases Limited, the company began operations in 1960 and listed on the exchange in 1979.

It became BOC Gases Nigeria Plc in 1997 and later fell under Linde Group after its acquisition of BOC Holdings in 2006. In 2020, Theophilus Danjuma’s TY Holdings acquired Linde’s 60 percent stake. The company rebranded as Industrial and Medical Gases Nigeria in 2021.

Lafarge Africa

Lafarge Africa’s origins lie in West Africa Portland Cement (WAPCO), a joint venture established in 1959 between Blue Circle, UAC Nigeria, and the Western Region Government. WAPCO commenced operations in 1961 at its Ewekoro plant and was listed on the NGX in 1979.

Blue Circle, later acquired by Lafarge in 2001, was a key UK cement supplier to Nigeria. Lafarge subsequently acquired Ashaka Cement in 2014 and UNICEM in 2015, consolidating its market dominance.

May and Baker Nigeria

May and Baker Nigeria was established in 1944 as the country’s first pharmaceutical company. Initially importing drugs, it opened its factory in 1976 and listed on the NGX in 1994.

Meyer Paints

Originally Hagemeyer Paints in the 1940s, Meyer was incorporated in 1960 and listed on the NGX in 1979.

During the 1990s, Dunlop was its controlling shareholder under the name DN Meyer. After Dunlop’s 2003 divestment, the company rebranded as Meyer Plc in 2010.

Morison Industries

Incorporated in 1955, Morison Industries had operated since 1947 as an agent for foreign manufacturers. It became one of Nigeria’s earliest producers of disinfectants, sanitisers, and methylated spirit.

Following the 1976 indigenisation decree, 60 percent of its foreign shareholding was sold to Nigerians. By FY 2024, however, the company had accumulated losses of N916 million, raising concerns about its viability.

NCR (Nigeria)

Incorporated in 1949 as National Cash Register (West Africa), the company was renamed NCR (Nigeria) Limited in 1974 and listed on the NGX in 1979.

It underwent multiple rebrandings, eventually adopting the name NCR (Nigeria) Plc in 1996. The company introduced Nigeria’s first ATM in 1989 and is currently 61.76 percent owned by NCR Voyix Corporation of Atlanta, Georgia, making it the only American-owned company on the NGX.

Neimeth International Pharmaceuticals

Founded as Pfizer Nigeria in 1957, the company established its first factory in Aba in 1962 and listed on the NGX in 1979.

In 1997, its management bought out Pfizer’s stake and renamed the company Neimeth in honor of Robert Neimeth, a former Pfizer country manager. Today, Neimeth derives most of its revenue from proprietary drugs developed in-house.

Nigerian Breweries

Established in 1946 through a joint venture of UAC, John Holt, CFAO, and UTC, Nigerian Breweries partnered with Heineken as its technical partner. Its Iganmu plant produced the first STAR Lager in 1949.

By 1960, it expanded its product portfolio with Gulder, Roses, Schweppes, and Heineken, listing on the NGX in 1973. Today, it is Nigeria’s largest brewer by assets and sales.

Nigerian Enamelware

Incorporated in 1960, Nigerian Enamelware listed on the NGX in 1979. The company produces a range of kitchen utensils.

For FY ending April 30, 2025, it returned to profitability with a net income of N15.5 million, compared with a N2.6 billion loss the previous year.

Nigerian Exchange Group

Incorporated on September 15, 1960, as the Lagos Stock Exchange, it commenced trading in June 1961. In 2021, the exchange was demutualised and reorganised into a for-profit group structure.

PZ Cussons Nigeria

Paterson Zochonis (PZ Cussons) began operations in Nigeria in 1899 but was incorporated locally in 1948. In the 1950s, it set up a soap factory in Aba.

PZ listed on the NGX in 1972 and raised its floated shares to 60 percent in 1977. In 1973, it began producing Thermocool refrigerators, later rebranded as Haier Thermocool in 2001.

RT Briscoe

Incorporated in 1957 and listed in 1974, RT Briscoe operates across automobiles, industrial equipment, power, and real estate. It distributes Toyota, Ford, Manitou Forklifts, and Elgi Compressors in Nigeria.

Royal Exchange

Royal Exchange began operations in 1918, initially through Barclays Bank DCO, before becoming a full branch of Royal Exchange Assurance, London, in 1921.

For decades, it was Nigeria’s sole insurance provider, shaping the local industry. It listed on the NGX in 1990 and in 2007 merged with African Prudential Insurance and Phoenix of Nigeria Assurance. In 2008, it reorganized as a holding company with interests in insurance, funds management, finance, and banking.

Thomas Wyatt

Incorporated in 1948, Thomas Wyatt became Nigeria’s first paper conversion and printing company. Listed in 1978, it operates two factories in Kaduna and Port Harcourt, producing iconic brands like the ‘Olympic Exercise Book.’

TotalEnergies Marketing Nigeria

TotalEnergies entered Nigeria in 1956 as Total Oil Products, opening its first Yaba petrol station. It rebranded as Total Nigeria in 1967 and merged with Elf Oil in 2001 to form TotalFinaElf Nigeria before reverting to Total Nigeria in 2003. In 2021, it adopted its current name.

UAC Nigeria

Tracing its roots to the Royal Niger Company of 1879, UAC Nigeria adopted its current name in the 1920s. UAC Motors was incorporated in 1931.

Unilever once held a 40 percent stake but divested when UAC listed on the NGX in 1991. Today, UAC operates through UAC Foods, Livestock Feeds, Grand Cereals, CAP Plc, UAC Restaurants (Mr Biggs), and MDS Logistics.

Unilever Nigeria

Unilever Nigeria Plc, one of Nigeria’s oldest consumer goods companies, began as Lever Brothers (West Africa) Ltd in 1923. It opened its first factory in 1925 and later expanded into brands such as Omo, Royco, Blue Band, and Lipton.

Listed since 1973, the company strengthened its local supply chain through backward integration. Following a 1995 merger with Unilever Nigeria Limited, it became majority-owned by Unilever and rebranded in 2001.

Wema Bank

Founded in 1945 as Agbonmagbe Bank Limited, Wema Bank was acquired by the Western Nigeria Marketing Board and rebranded in 1969. Today, it is Nigeria’s longest-surviving indigenous bank.

Listed on the NGX in 1990 under the symbol WEMABANK, the bank is now the country’s 12th-largest by assets.

Hip-hop mogul Sean ‘Diddy’ Combs has been sentenced to 50 months in prison after being convicted on two counts of transporting individuals across state lines for prostitution.

The sentence, handed down by Judge Arun Subramanian, was less than the 11-year term prosecutors had sought but more than the 14 months Combs’s defense team requested.

The sentencing follows a series of high-profile legal battles and public accusations against Combs. The initial federal indictment in May 2024 detailed a series of allegations, including sex trafficking, racketeering, and other sex-related crimes.

The accusations stemmed from a lawsuit filed by his former girlfriend, singer Casandra ‘Cassie’ Ventura, in November 2023. Ventura’s lawsuit, which was settled out of court, accused Combs of a decade of abuse, including physical and sexual assault.

During the trial, prosecutors presented a surveillance video from 2016, which showed Combs assaulting Ventura in a hotel hallway. This footage, widely circulated online, became a key piece of evidence. In July, a jury acquitted Combs of the most serious charges, including sex trafficking and racketeering, but found him guilty of the lesser charges related to transporting individuals for prostitution.

During the emotional, day-long hearing, both sides presented their arguments. Combs’s legal team, led by attorney Nicole Westmoreland, argued for a lighter sentence, portraying him as a ‘changed man’ and a ‘social justice crusader’ who had already served over a year in custody. They presented letters from his six adult children, who pleaded for leniency, emphasising his positive impact on the Black community.

Conversely, prosecutor Christy Slavik argued for a longer sentence, stating that Combs showed a lack of genuine remorse and believed he was ‘above the law.’ She pointed to his pre-sentencing plans to book speaking engagements, which she described as the ‘height of hubris.’ Ventura also submitted a powerful victim impact statement, describing the years of abuse she endured and urging the judge to consider the ‘many lives that Sean Combs has upended.’ She said she continues to suffer from nightmares and flashbacks.

Ultimately, Judge Subramanian handed down the 50-month sentence, which is just over four years, citing the seriousness of the convictions while also acknowledging the time Combs had already spent in custody.