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Alerzo Group CEO Joins other Founders to Chart Way Forward for Retail Business in Nigeria

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L-R: Paystack Startup Programs Lead, Nubi Kay; Klump CEO, Celestine Omin; Founder/Group CEO of Alerzo,Adewale Opaleye; TeamApt Business Lead, Temitayo Ajao and CEO of BUMPA, Kelvin Umechukwu, at the session of 'Future of Consumers and Consumers Trade(Payment, Retail and Trade)' during the 2022 Lagos Startup Week (LSW) held last Thursday at Federal Palace Hotel, Victoria-Island,Lagos.
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In line with promoting Nigeria’s retail sector through technology, founders of tech startups, stakeholders and enthusiasts converged for several panel discussions, exhibitions, learning and networking at the Lagos Startup Week (LSW).

L-R: Paystack Startup Programs Lead, Nubi Kay; Klump CEO, Celestine Omin; Founder/Group CEO of Alerzo,Adewale Opaleye; TeamApt Business Lead, Temitayo Ajao and CEO of BUMPA, Kelvin Umechukwu, at the session of ‘Future of Consumers and Consumers Trade(Payment, Retail and Trade)’ during the 2022 Lagos Startup Week (LSW) held last Thursday at Federal Palace Hotel, Victoria-Island,Lagos.

The six-day event which was held from July 25 to 30 in Victoria-Island, is the sixth edition and witnessed over 3000 attendees and 100 speakers.

One of the sessions on day four, which centred on ‘Future of Consumers and Consumers Trade (Payment, Retail and Trade)’ had Alerzo Founder/Group CEO, Adewale Opaleye; Paystack Startup Programs Lead, Nubi Kay; Klump CEO, Celestine Omin; TeamApt Business Lead, Temitayo Ajao and CEO of BUMPA, Kelvin Umechukwu as panel discussants.

Opaleye noted that the theme of the discussion was very important to talk about as there was a need to encourage retailers to move away from the old way of doing things to embracing technology.

He, alongside the panelists highlighted a number of gaps in the retail sector, which the imploring of technology, collaboration of different tech Startup founders and harnessing of their areas of expertise could help solve.

“At the end of the day we all need partners. We need to come together to achieve great things, we need to consolidate on what each of us has done really well and bring fantastic solutions,” Opaleye pointed out.

He stressed how it is necessary for retailers not to shy away from technology, while narrating Alerzo’s strides in solving the problems in the retail sector, as it owns over 400 vehicles which it uses in delivering fast moving goods (FCMG) to customers.

Also, how it has geo mapped areas of coverage and helped develop softwares to provide banking solutions to customers.

“Retailers need to move away from the old ways of doing business to embracing technology…To provide a solution to the problem of logistics we ended up doing something unthinkable by buying a fleet of vehicles and owning our warehouses.

“We also developed our software. We do deliveries within four hours of order because we own our entire vehicles. After sometime we noticed that a lot of our retailers go home with cash. So we ended up building bank solutions for our retailers,” stated Opaleye.

On what influenced the logistics aspect of owning a fleet of vehicles and not working with existing logistics firms, Alerzo Group CEO made clear that the tech firm wanted the best for its customers.

He stated: “No one has built efficiency the way we want it so we do delivery in four hours versus other players that do it the next day. That is a very key factor for us and as we scale up the business we are looking for partners hoping to key into our vision to actually offer quick and same day delivery to all our retail partners.”

Speaking on what the future holds, he expressed hope as he buttressed: “There is a very bright future for space. Retailers are waking up to understand that it is high time technology would change most of the problems.

“This at the end of the day makes the lives of consumers very easy because they would have products when they want them.”

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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MTN’s “Next Afrobeats Star”: Building Dreams in Port Harcourt

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At the Port Harcourt auditions of Next Afrobeats Star, hopefuls stepped onto the stage not just to perform, but to be seen by a platform that understands their dreams. At the heart of that platform is MTN Nigeria.

Contestants praised MTN’s role in shaping their journeys. Fadda, a local singer aiming for the Lagos finals, said: “Everybody sees what MTN is doing with talent shows. Nobody else is doing it at this scale. They are investing in us and giving us a chance to shine.”

Gift from Okrika expressed gratitude to MTN, Ultima Studios and ONErpm for creating a structured opportunity where young voices can be heard. “This is a great opportunity, and I know every one of us here will give our best,” she said.

The scale of the competition highlights MTN’s ambition. The winner will receive a $100,000 ONErpm record deal, along with mentorship and production support from leading producers including Sarz, P.Priime, Puffy Tee and Andre Vibez.

Contestants advance through multiple stages, starting with online submissions and regional auditions, followed by a versus round, an original song challenge and a live top-12 showcase. Each step offers exposure and professional development that are often out of reach for many young Nigerians.

MTN’s investment comes at a time when Nigeria’s entertainment and media industry is expanding rapidly. The sector was valued at US$9 billion in 2023 and is projected to grow to US$13.6 billion by 2028, according to PwC.

Jobberman estimates that the industry already employs over 4.2 million people and is expected to add another 2.7 million jobs by 2026–2027.

Afrobeats has been a major driver of this growth. Nigerian music exports have grown by 49 per cent in the past three years, according to BusinessDay. Streaming platforms such as Spotify report significant increases in royalties, with Nigerian content enjoying a surge in both local and international consumption.

By launching Next Afrobeats Star, MTN is reinforcing its identity as more than a technology company. It is positioning itself as a key player in talent development and cultural promotion, helping to take Afrobeats from a local passion to a global phenomenon. Through this initiative, MTN is connecting young Nigerians not just to networks, but to their own futures.


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Airtel Africa Foundation Commits to Improving 10 million Lives in Africa by 2030

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L–r: Vice President, Corporate Communications & CSR, Airtel Africa, Emeka Oparah; Chief Executive Officer, Airtel Nigeria, Dinesh Balsingh; Chairman, Airtel Africa Foundation, Dr. Segun Ogunsanya; Group Chief Executive Officer, Airtel Africa, Sunil Taldar; and Director, Corporate Communications & CSR, Airtel Nigeria, Femi Adeniran, during the world press conference officially announcing the launch of Airtel Africa Foundation in Lagos, Nigeria yesterday.
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Airtel Africa Foundation, the philanthropic arm of Airtel Africa plc, yesterday unveiled its plans to directly improve the lives of 10 million people across the continent by 2030. The strategy will be delivered through targeted initiatives under four core pillars namely Financial Empowerment, Education, Environmental Protection and Digital Inclusion (FEED).

Outlining the ambitious target, Dr. Segun Ogunsanya, Chairman of the Airtel Africa Foundation, stated, “Our 2030 vision is a transformed Africa where over 10 million lives are directly improved through our interventions. We are not just donating resources, we are building a pipeline of talent and fostering innovation to ensure the global digital revolution leaves no African behind. This is a strategic, measurable commitment to unlocking the continent’s demographic dividend.”

The Foundation’s mission will be executed by creating a cycle of empowerment through targeted programmes. These include ‘Connecting Schools’, which provides free connectivity and devices, and the ‘Airtel Africa Fellowship’, offering full undergraduate scholarships in tech and STEM fields, complemented by mentorship and internships.

A key early success underscoring the Foundation’s impact is its ongoing partnership with UNICEF. This collaboration has already connected more than 1,800 schools, benefitted over one million students, and trained more than 17,000 teachers in digital education across the Foundation’s 14 markets of operation.

In addition, the Foundation will leverage its dedicated Employee Volunteer Programme, channelling the skills and passion of its people directly into community initiatives. For the 2025/26 financial year, the Foundation has set specific expansion targets, with programmes now active across all its operating countries, from Nigeria to Zambia, Malawi, Rwanda, and the Democratic Republic of the Congo.

Commenting on the company’s support for the Foundation, Airtel Africa’s Chief Executive Officer, Sunil Taldar, said, “We cannot thrive in a place that is not thriving. This understanding is the very reason the Airtel Africa Foundation was born. It is our vehicle to catalyse transformation, by systematically investing in the pillars that underpin a resilient and dynamic society.

“We have remained dedicated to transforming lives both as a business imperative as well as our overarching philosophy. For us, helping to connect the unconnected, banking the unbanked and enabling businesses and economies to thrive are the three most significant objectives of our business.”

 


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FXTM Launches FXTM Edge To Boost Forex Trading Access for Nigerians

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FXTM, a leading global online trading firm, has launched FXTM Edge, a mobile-first trading platform designed to make forex and commodity trading more accessible to Nigerian traders.

The platform, unveiled at a media roundtable in Lagos, aims to simplify trading by addressing common barriers such as high entry costs, technical complexity and lack of structured learning support.

Adaeze Uzochukwu, Specialist, Education and Media at FXTM, said FXTM Edge was developed with the Nigerian market in mind, combining affordability, accessibility and education in one package.

“Many Nigerians are interested in trading but are held back by complexity, high costs or lack of experience,” she said. “FXTM Edge was built to remove those barriers and give everyone a chance to participate in global markets confidently.”

With a minimum deposit requirement of $50, compared to the previous $200, the platform lowers the entry threshold for Nigerians looking to trade. It also allows micro-lot trading, enabling users to start small and manage risk effectively

Uzochukwu said the platform offers a user-friendly interface, built-in educational resources and trade inspiration to help beginners build confidence step by step.

For experienced traders, FXTM Edge delivers competitive spreads starting from 1.2, a reward system that covers both lots and units traded, and the option to test strategies at lower cost.

She added that the mobile-first design reflects the growing reliance on smartphones for financial activities in Nigeria, offering speed, convenience and flexibility to traders on the move.

“Trading should not be intimidating. With Edge, beginners can start small, learn with the right support and gradually grow at their own pace,” she said.

Backed by FXTM’s global reputation for reliability and expertise, the new platform is expected to encourage broader participation of Nigerians in global financial markets


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