Business
FairMoney Reveals 5 Wealth-Building Pillars for Nigerian Women Entrepreneurs
FairMoney executive Chinwe Iwobi shares five key strategies for Nigerian women entrepreneurs to build lasting wealth and scale their businesses
Chinwe Iwobi, Head of Wealth Management at FairMoney Microfinance Bank, has outlined five core strategies for Nigerian women entrepreneurs to move beyond resilience and build generational wealth.
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She noted that women own around 40% of SMEs in Nigeria but face systemic hurdles accessing financial infrastructure.
Iwobi warned that this limitation affects household stability and national GDP.
Her wealth-building pillars include:
1. Separate Personal and Business Finances – Mixing accounts hides true profits and limits access to formal credit.
2. Create an Opportunity Fund – Reserve liquidity for rapid expansion or inventory discounts to act decisively in unpredictable markets.
3. Invest Surplus Cash – Move idle funds from current accounts into revenue-generating assets to combat inflation and lost opportunity costs.
4. Use Formal Payment Channels – POS and digital payments build a verified credit history, strengthening access to lenders.
5. Diversify Personal Wealth – Avoid tying all net worth to the business; invest in personal instruments like money market funds.
Iwobi emphasised that resilience must be deliberate, encouraging digital products for service-based businesses and disciplined capital allocation.
Also read: Tiv Leaders Praise Security Efforts Amid Emerging Threats
She concluded that empowering women entrepreneurs is not only socially beneficial but economically critical: scaling women-led businesses strengthens communities, education, and local economies.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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