Dangote Refinery Hits $39.1 Billion Valuation As $1 Billion Share Sale Attracts Heavy Investor Demand

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Dangote Refinery Hits $39.1 Billion Valuation As $1 Billion Share Sale Attracts Heavy Investor Demand

The Dangote Petroleum Refinery has reached a valuation of $39.1 billion following a $1 billion private placement that has already attracted investor interest exceeding $2 billion, signalling strong demand for equity exposure to one of Africa’s largest industrial assets.

The fundraising exercise involves the issuance of 3 billion ordinary shares priced at $0.35 each, a structure that effectively establishes the refinery’s current valuation while positioning it among the most valuable privately held industrial facilities on the continent. The offer has already been oversubscribed on indications, with investor demand reportedly doubling the initial target before allocation is completed.

According to Brandspur Banking News Desk, the private placement has drawn participation from a mix of institutional investors and high-net-worth individuals across Nigeria and international markets, reflecting sustained confidence in the refinery’s long-term production outlook and regional energy significance.

Minimum participation is set at 1 million shares, equivalent to $350,000, with additional subscription blocks available in increments of 500,000 shares. Investors are also subject to a 365-day lock-in period following allocation, reinforcing the long-term nature of the capital raise.

Proceeds from the offer are expected to support ongoing expansion initiatives, including logistics optimisation, increased storage capacity, and broader corporate development plans. The refinery has also indicated potential future diversification into adjacent petrochemical operations, although further details remain limited.

Also read: https://brandspurng.com/2026/06/12/retailwings-africa-and-corner-block-partner-to-expand-data-driven-financing-access-for-nigerian-retailers/

The facility, which commenced production in 2024 after an extended construction phase estimated at $20 billion, currently processes about 650,000 barrels of crude oil per day, producing key outputs such as diesel, aviation fuel, naphtha, and premium motor spirit.

Investor appetite has extended beyond domestic markets, with diaspora investors and global institutional players contributing significantly to demand levels that point toward possible oversubscription before the offer closes. Notably, Femi Otedola has confirmed plans to invest $100 million in the placement following proceeds from the sale of his stake in Geregu Power.

The strong valuation and subscription momentum have also intensified speculation around a potential future public listing, although no official timeline has been disclosed. Market observers note that earlier indications from Aliko Dangote suggest long-term interest in a capital market listing strategy.

With its scale already reshaping Nigeria’s energy import dynamics and export capacity, the refinery continues to occupy a central position in the country’s industrial and foreign exchange framework, further strengthening investor confidence in its growth trajectory and regional market influence.

RetailWings Africa And Corner Block Partner To Expand Data-Driven Financing Access For Nigerian Retailers

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RetailWings Africa And Corner Block Partner To Expand Data-Driven Financing Access For Nigerian Retailers

RetailWings Africa has entered a strategic partnership with Corner Block Services Limited to expand access to working capital for retailers by leveraging enterprise resource planning (ERP) data to support alternative credit assessment and financing decisions across Nigeria’s retail ecosystem.

The agreement, signed at RetailWings Africa’s headquarters in Lagos, brings together the retail technology firm and Corner Block Services to introduce a data-driven financing model that evaluates business performance using real-time transaction and operational data generated through the RetailWings ERP platform.

According to Brandspur Banking News Desk, the initiative is designed to address long-standing credit barriers facing small and medium-sized retailers, many of whom struggle to secure traditional bank loans due to limited collateral and inadequate financial records despite operating viable businesses.

Under the new framework, retailers using the RetailWings ERP system will be able to access working capital based on verified sales performance, inventory movement, and transaction history. This shifts lending decisions away from conventional collateral-based requirements towards measurable business activity captured digitally.

Also read: https://brandspurng.com/2026/06/12/truecaller-flags-68-billion-spam-and-fraud-calls-globally-in-2025-as-nigeria-leads-africas-scam-call-hotspots/

The partnership positions retail operational data as a financial asset, allowing Corner Block Services to use ERP-generated insights to evaluate creditworthiness and structure financing solutions tailored to real business conditions. Retailers who have used the platform for at least three months will be eligible to apply for funding support under the arrangement.

RetailWings Africa explained that the integration expands the value of its ERP platform beyond operational management tools such as inventory tracking, sales reporting, customer engagement, and financial monitoring, positioning it as an access point for growth capital within the retail sector.

The collaboration reflects a broader shift in Africa’s financial services landscape towards embedded finance models, where digital platforms play an active role in facilitating credit access for underserved small businesses through data-backed lending frameworks.

Both organisations said the initiative is expected to improve cash flow management for retailers, enhance inventory availability, and support business expansion by enabling faster access to financing aligned with actual trading performance.

Industry observers note that the model highlights the growing intersection between retail technology and financial services, as businesses increasingly rely on digital infrastructure not only for efficiency but also as a pathway to credit inclusion and enterprise growth across emerging markets.

Truecaller Flags 68 Billion Spam And Fraud Calls Globally In 2025 As Nigeria Leads Africa’s Scam Call Hotspots

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Truecaller Flags 68 Billion Spam And Fraud Calls Globally In 2025 As Nigeria Leads Africa’s Scam Call Hotspots

Truecaller has reported that it detected and categorised more than 68 billion spam and fraud-related calls worldwide in 2025, underscoring the escalating scale of mobile scams and unsolicited communications affecting users across global telecom networks. The figures also highlight Nigeria’s prominent position in Africa’s digital fraud landscape, where users continue to face high volumes of suspicious incoming calls.

According to Brandspur Brand News, the development coincides with the rollout expansion of Truecaller Lite, a lightweight version of its caller identification and spam protection application designed specifically for entry-level Android devices, with Nigeria playing a central role in early testing and validation before the product’s wider global deployment.

Data from the platform indicates that Nigeria recorded the highest spam call exposure in Africa during the period, with 51 per cent of unknown incoming calls flagged as either spam or fraudulent. This means that more than half of unidentified calls received by users in the country were potentially harmful or unwanted, reflecting growing concerns around mobile fraud, identity scams, and unsolicited marketing tactics.

Also read: https://brandspurng.com/2026/06/12/fcmb-appoints-economist-bismarck-rewane-as-non-executive-chairman-to-strengthen-board-leadership-in-2026/

To address these challenges, Truecaller Lite has been engineered as a compact application of about 10MB, optimised for low-cost smartphones that dominate many emerging markets. The app integrates core features such as caller identification, spam detection, fraud blocking, contact management, number search, and dialler functions while maintaining low storage and processing demands. It also draws from the same global database used by the main Truecaller platform, ensuring users receive equivalent protection levels.

The company’s leadership noted that expanding access to scam protection tools is central to its strategy, particularly in regions where affordable devices are the primary gateway to mobile internet services. It further explained that the Lite version was developed to ensure consistent security standards regardless of device type, with its expansion now extending beyond Nigeria and Colombia to markets including Kenya, Ghana, Algeria, Egypt, Iraq, Indonesia, Bangladesh, Sri Lanka, Malaysia and Chile, with additional rollouts expected.

Truecaller’s expansion reflects increasing pressure on digital safety infrastructure across emerging economies, where rapid smartphone adoption continues to outpace user awareness and protection against evolving telecom fraud patterns. In Nigeria, the availability of Truecaller Lite through Google Play Store and selected device distribution channels is expected to broaden access to caller verification tools for millions of users navigating persistent scam call threats.

FCMB Appoints Economist Bismarck Rewane As Non-Executive Chairman To Strengthen Board Leadership In 2026

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FCMB Appoints Economist Bismarck Rewane As Non-Executive Chairman To Strengthen Board Leadership In 2026

First City Monument Bank has appointed renowned economist Bismarck Rewane as its Non-Executive Director and Chairman of the Board, following regulatory approval from the Central Bank of Nigeria, in a move aimed at strengthening corporate governance and strategic leadership.

The appointment, announced on Wednesday, positions Rewane at the helm of the bank’s board structure as FCMB seeks to deepen its governance framework and support its next phase of growth amid a strengthening capital base and evolving financial sector dynamics.

According to Brandspur Banking News Desk, the decision reflects a broader industry trend among Nigerian financial institutions to reinforce board-level expertise with highly experienced macroeconomic and investment professionals capable of guiding long-term strategy in a complex operating environment.

The bank described Rewane as a seasoned economist with more than four decades of experience spanning macroeconomic research, investment banking, and strategic advisory. He currently serves as Managing Director of Financial Derivatives Company Limited, a leading economic research and financial advisory firm in Nigeria.

Also read: https://brandspurng.com/2026/06/12/senate-approves-factoring-law-to-unlock-50-billion-sme-financing-market-in-2026/

His professional background includes senior roles at International Merchant Bank Nigeria Limited and First National Bank of Chicago, alongside board memberships in several multinational and blue-chip companies across sectors including brewing, manufacturing, and energy.

Rewane is also a Fellow of the Nigerian Economic Society, a Fellow of the Chartered Institute of Bankers of Nigeria, and an associate of the Institute of Chartered Bankers of England and Wales. His academic and executive training includes programmes at the University of Ibadan, Oxford International Capital Markets, Euromoney Institute of Finance, and IMD Lausanne.

In its statement, the bank expressed confidence that Rewane’s expertise in macroeconomic analysis, corporate governance, and strategic management would strengthen board oversight and support sustainable growth, while enhancing value creation for shareholders and other stakeholders.

The appointment comes at a time when Nigeria’s banking sector continues to prioritise governance reforms, capital strengthening, and leadership restructuring to adapt to macroeconomic pressures and maintain competitiveness in an increasingly regulated financial landscape.

Senate Approves Factoring Law To Unlock $50 Billion SME Financing Market In 2026

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Senate Approves Factoring Law To Unlock $50 Billion SME Financing Market In 2026

Nigeria’s Senate has passed the Factoring Assignment and Receivables Financing Bill, 2026, paving the way for micro, small and medium enterprises to access a global debt factoring market valued at over $50 billion, a space where the country currently accounts for less than one per cent of activity.

The legislation, approved following concurrence with the House of Representatives, establishes a formal legal and regulatory structure for factoring transactions, enabling businesses to convert unpaid invoices and credit sales into immediate liquidity without relying on traditional bank loans.

According to Brandspur Banking News Desk, the bill is positioned as a major financial reform aimed at expanding alternative funding channels for businesses struggling with cash flow constraints, particularly within Nigeria’s MSME sector.

During plenary, Senate Leader Opeyemi Bamidele explained that the framework is designed to support domestic and international trade by standardising factoring contracts and clearly defining the rights and obligations of all parties involved in receivables financing arrangements.

Also read: https://brandspurng.com/2026/06/12/microsoft-xbox-announces-major-layoffs-and-budget-cuts-after-revenue-decline-in-2026-restructuring/

Further legislative backing came from Adetokunbo Abiru, who noted that Africa’s factoring market—driven largely by institutions such as the African Export-Import Bank—has expanded beyond $50 billion, while Nigeria continues to lag behind despite being the continent’s largest economy. He stressed that structured receivables financing would significantly improve liquidity access for small businesses.

Under the new framework, companies will be able to sell outstanding invoices to financing institutions in exchange for immediate cash, reducing dependence on conventional credit systems and improving working capital circulation across supply chains.

Lawmakers further highlighted that the reform aligns Nigeria’s commercial law with modern trade finance practices, enhancing the country’s competitiveness in regional and global markets while improving financing access for businesses across sectors.

The bill has now been transmitted for presidential assent, marking a key step toward opening up a broader financing ecosystem that could reshape liquidity access for MSMEs and strengthen Nigeria’s participation in the global factoring market.

Microsoft Xbox Announces Major Layoffs And Budget Cuts After Revenue Decline In 2026 Restructuring

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Microsoft Xbox Announces Major Layoffs And Budget Cuts After Revenue Decline In 2026 Restructuring

Microsoft is preparing significant layoffs and budget reductions within its gaming division, Xbox, following a sustained revenue slowdown and rising operational pressures, according to internal communications ahead of the close of the company’s fiscal year on June 30, 2026. The restructuring is expected to begin shortly after the fiscal year ends, although the final scale of job cuts has not yet been disclosed.

The planned measures come amid internal concerns over declining performance metrics, including a reported drop in accountability margin to 3%, alongside more than $20 billion spent over the past five years on content development, platform infrastructure, and hardware subsidies. During the same period, revenue is said to have fallen by nearly $500 million, prompting leadership to initiate cost controls and reassess long-term investment priorities.

According to Brandspur Banking News Desk, the restructuring represents the first major strategic overhaul under new Xbox chief executive Asha Sharma, who assumed leadership in January 2026, as the division moves to tighten financial discipline and recalibrate its gaming ecosystem strategy.

Also read: https://brandspurng.com/2026/06/12/peak-4-5-6-celebrates-nigerian-children-across-major-cities-while-unveiling-refreshed-packaging-in-nationwide-2026-campaign/

The internal shift also includes significant operational changes, with Microsoft directing staff to discontinue the use of Claude Code and transition fully to GitHub Copilot CLI as part of a broader effort to standardise engineering tools and reduce operating costs across its development environment. The move follows earlier internal deployment of competing AI coding tools before the decision to consolidate usage under a single platform.

Further adjustments have also been made to Microsoft’s gaming ecosystem, including changes to pricing structures for the Game Pass subscription service and the discontinuation of day-one releases for future Call of Duty titles on the platform. These changes reflect a wider effort to improve profitability across Xbox’s content and subscription business model amid slowing hardware demand.

While the exact number of affected roles remains unclear, the restructuring signals a broader reset for Microsoft’s gaming strategy as it seeks to rebuild platform efficiency, improve margins, and stabilise long-term revenue performance in an increasingly competitive global gaming market.

Peak 4-5-6 Celebrates Nigerian Children Across Major Cities While Unveiling Refreshed Packaging In Nationwide 2026 Campaign

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Peak 4-5-6 Celebrates Nigerian Children Across Major Cities While Unveiling Refreshed Packaging In Nationwide 2026 Campaign

Peak 4-5-6 Growing Up Milk has marked this year’s Children’s Day with nationwide celebrations across Lagos, Abuja, and Port Harcourt, combining large-scale family events with the unveiling of its refreshed packaging as part of a brand engagement campaign focused on child development, nutrition, and talent discovery.

The multi-city activation brought together thousands of families and children in a series of coordinated events designed to promote creativity, confidence building, and interactive learning through games, performances, and talent-based activities held across the three major cities.

The campaign highlights were anchored at the Balmoral Convention Centre in Lagos, where a carnival-style celebration featured interactive experiences for children and families, while parallel events in Abuja and Port Harcourt reflected similar themes of excitement, participation, and community engagement.

According to Brandspur Brand News, the initiative forms part of a broader brand strategy aimed at strengthening consumer connection while reinforcing awareness around early childhood nutrition and developmental support through experiential marketing across Nigeria.

At the centre of the campaign is the introduction of a refreshed packaging design for Peak 4-5-6 Growing Up Milk, which retains its established nutritional formulation while presenting a more modern visual identity targeted at improving brand appeal among parents and caregivers.

The product continues to be fortified with essential nutrients, including DHA, positioned to support cognitive development and overall growth in children aged four to six during critical formative years.

Also read: https://brandspurng.com/2026/06/12/three-crowns-alat-by-wema-betking-and-others-lead-winners-list-at-markhack-5-0-awards-in-lagos-2026/

Brand representatives emphasised that the Children’s Day activations were designed not only as entertainment-driven events but also as platforms to encourage talent discovery and holistic child development through structured engagement activities.

Medical professionals who participated in the campaign engagement underscored the importance of balanced nutrition and developmental support during early childhood, noting that such interventions contribute to both physical and cognitive wellbeing in growing children.

Beyond the physical events, the campaign was extended through strategic radio collaborations with youth and family-focused stations, expanding conversations around parenting, nutrition, and child development to wider audiences across multiple Nigerian cities.

The initiative reflects FrieslandCampina WAMCO Nigeria’s continued investment in child-focused nutrition products and community engagement programmes, reinforcing its position in the dairy nutrition sector through sustained consumer education and experiential brand activation.

The campaign concluded with widespread participation across all locations, leaving families with interactive experiences and reinforcing the message that early childhood development remains central to long-term national growth and human capital development.

Three Crowns, ALAT By Wema, BetKing And Others Lead Winners List At MarkHack 5.0 Awards In Lagos 2026

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Three Crowns, ALAT By Wema, BetKing And Others Lead Winners List At MarkHack 5.0 Awards In Lagos 2026

Leading brands, innovators, and marketing professionals have been honoured at the MarkHack 5.0 Awards Night in Lagos, where organisations including Three Crowns, ALAT by Wema, BetKing, and OmniRetail emerged top winners across multiple categories recognising excellence in innovation, digital transformation, and technology-driven marketing performance.

The awards ceremony, held alongside the MarkHack 5.0 Hackathon finale, brought together industry leaders from marketing, technology, finance, retail, and entertainment sectors to celebrate individuals and organisations driving digital economy growth and advancing innovation across Africa’s business landscape.

According to Brandspur Brand News, the event highlighted the increasing role of artificial intelligence, data analytics, and digital platforms in reshaping marketing effectiveness, customer engagement, and business strategy across key industries in Nigeria.

The Data and Insight Excellence Award went to Olawande Meyoungbo, recognised for his outstanding work in leveraging data analytics and consumer insights to improve business decision-making and commercial performance in competitive market environments.

In the emerging creator economy category, Comfort Obiagbaoso, known as Comfitech, was named AI-Driven Content Creator of the Year for her work in simplifying complex technology topics and expanding digital knowledge accessibility across online audiences.

BetKing emerged winner of the AI Innovation in Betting, Gaming and Entertainment category, recognised for its use of advanced digital technologies to enhance customer experience, personalisation, and engagement within the entertainment and gaming ecosystem.

OmniRetail secured the Retail Technology Platform of the Year award for its contributions to improving commerce efficiency, strengthening distribution systems, and enabling digital transformation across retail supply chains in Nigeria.

In the financial services category, ALAT by Wema was named winner of the AI-Powered Banking Experience of the Year, recognised for its innovation in digital banking services, customer experience enhancement, and technology-driven financial solutions within Nigeria’s evolving fintech sector.

Also read: https://brandspurng.com/2026/06/12/marketing-leadership-shift-gains-momentum-as-nigerian-cmos-reposition-into-chief-business-officer-roles-in-2026/

The CMO Digital Transformation and Growth Award went to Onyinye Ikenna Emeka for her leadership in driving measurable business growth through technology adoption, digital strategy implementation, and marketing innovation within her organisation.

In the CMO Innovation and Future Impact category, Majolie Obaje was recognised in the female segment for her forward-thinking marketing leadership, while Ilyas Kazeem won in the male category for his contributions to innovation-led marketing transformation and strategic industry impact.

Makemation emerged winner of the AI Innovation in Film and Content Production category, recognised for its creative application of artificial intelligence in storytelling and digital content production, highlighting the growing influence of AI in Africa’s creative economy.

The final category of the night, AI-Generated FMCG Campaign of the Year, was won by Three Crowns, which was recognised for its innovative marketing campaign that effectively combined creativity, technology, and consumer engagement to strengthen brand impact within the fast-moving consumer goods sector.

The ceremony concluded the MarkHack 5.0 edition, reinforcing its position as a leading platform for recognising innovation, marketing excellence, and technology-driven business transformation across Nigeria’s rapidly expanding digital economy.

Marketing Leadership Shift Gains Momentum As Nigerian CMOs Reposition Into Chief Business Officer Roles In 2026

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Marketing Leadership Shift Gains Momentum As Nigerian CMOs Reposition Into Chief Business Officer Roles In 2026

Senior marketing executives in Nigeria have signalled a major shift in corporate leadership structure, with growing consensus that the traditional Chief Marketing Officer role is becoming obsolete and is being replaced by a broader Chief Business Officer model focused on full commercial accountability and enterprise-wide growth.

The position was strengthened at the inaugural MarkHack CMO Circle held in Lagos, where top marketing leaders across FMCG, financial services, telecommunications, real estate, consulting, and media discussed the evolving expectations placed on marketing leadership in a data-driven and performance-focused business environment.

According to Brandspur Brand News, participants concluded that marketing leadership can no longer remain confined to brand management and communications functions, but must now integrate directly into revenue generation, profitability strategy, and overall business performance delivery.

Discussions at the high-level roundtable, hosted at The Wheatbaker Hotel, Ikoyi, highlighted that the traditional CMO role has historically focused on brand equity, awareness building, campaign oversight, and agency management, but these responsibilities are now considered insufficient for modern corporate demands.

Industry leaders argued that marketing functions have often operated in isolation from financial and operational decision-making, resulting in a disconnect between marketing activity and measurable business outcomes such as profit growth, shareholder value, and revenue performance.

The forum noted that this gap has contributed to marketing being perceived in many organisations as a cost centre rather than a strategic revenue driver, particularly where CMOs are unable to translate campaign performance into financial impact using board-level commercial language.

A key theme of the discussions was the need for marketing leaders to fully understand unit economics, including gross margin structures, pricing strategy, distribution efficiency, and the direct financial impact of marketing investment decisions on overall business performance.

Also read: https://brandspurng.com/2026/06/12/team-lena-wins-markhack-5-0-hackathon-in-lagos-as-education-tech-innovation-takes-centre-stage/

Participants emphasised that modern marketing leadership must extend beyond communication strategy into ownership of commercial metrics such as revenue contribution, customer lifetime value, and profitability drivers, aligning marketing decisions with core financial outcomes.

The evolving consumer landscape was also identified as a major driver of this transformation, with digitally empowered customers now making highly informed purchasing decisions through real-time price comparison, online research, and peer-driven recommendations across digital platforms.

This shift, according to participants, requires deeper integration between marketing, data systems, customer analytics, and business operations, ensuring that consumer insights directly influence product development, pricing structures, and distribution strategies.

The discussions further highlighted that marketing leadership must now operate across multiple business functions, including sales, customer experience, digital product development, and supply chain alignment, in order to effectively drive demand generation and sustainable growth.

Industry stakeholders at the session agreed that the future of marketing leadership lies in a hybrid role where strategic brand building is combined with direct accountability for commercial performance, transforming the CMO into an enterprise-level business leader rather than a functional department head.

The gathering concluded that organisations that fail to adapt to this shift risk limiting the strategic influence of their marketing functions, while those that embrace the Chief Business Officer model are more likely to achieve stronger alignment between marketing investment and long-term business growth.

Team Lena Wins MarkHack 5.0 Hackathon In Lagos As Education Tech Innovation Takes Centre Stage

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Team Lena Wins MarkHack 5.0 Hackathon In Lagos As Education Tech Innovation Takes Centre Stage

Team Lena has emerged as the overall winner of the MarkHack 5.0 Hackathon held in Lagos after a competitive final pitch event that brought together young innovators, entrepreneurs, and technology developers presenting solutions across education, commerce, gaming, and digital infrastructure.

The grand finale, hosted at the Oriental Hotel, Lagos, featured multiple startup teams drawn from different institutions and professional backgrounds, each given a structured pitching session to present their innovations before a panel of industry judges evaluating scalability, impact, and market viability.

The competition highlighted Nigeria’s growing innovation ecosystem, with Brandspur Brand News reporting that the event reinforced increasing investment interest in youth-led technology solutions across education, marketing technology, and digital commerce platforms.

Team Lena secured the top position with its adaptive learning platform designed to improve educational outcomes for children by combining curriculum-based gaming with personalised tutoring features aimed at making learning more interactive and accessible across African markets.

Market Navigators emerged as first runner-up with its digital infrastructure solution designed to improve navigation within informal markets through QR-code mapping systems that connect shoppers to vendors and simplify product discovery in large commercial spaces such as Lagos markets.

Team Adminting finished as second runner-up with a creator economy-focused platform designed to connect brands with micro and nano influencers through community-driven engagement systems that support measurable digital marketing outcomes for businesses seeking authentic consumer connections.

Also read: https://brandspurng.com/2026/06/12/dufil-prima-foods-and-frsc-expand-road-safety-partnership-nationwide-in-2026/

Other participating teams, including Movable Games, Team Edenn, and Team Readversity, also presented innovative solutions spanning gaming, digital engagement, and educational technology, contributing to a highly competitive final pitch session that attracted attention from industry stakeholders.

The judging panel comprised leading figures from Nigeria’s innovation and marketing ecosystem who evaluated the teams through live presentations and interactive question-and-answer sessions that tested the feasibility and scalability of each proposed solution.

At the conclusion of the event, winners were announced with Team Lena receiving the top prize of ₦2.5 million alongside Amazon Web Services credits to support further development of its educational platform and accelerate product scaling.

Market Navigators received ₦1.5 million and AWS credits as first runner-up, while Team Adminting secured ₦1 million and additional AWS support as second runner-up, with all participating teams also awarded cloud infrastructure credits to support future growth.

Organisers emphasised that the hackathon reflects the rising importance of innovation-driven entrepreneurship in Nigeria’s digital economy, where young developers are increasingly building solutions aimed at solving real-world challenges across education, commerce, and technology systems.

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