Business

Excite Enterprise launches in Nigeria to scale MSMEs to profitability

Published

5 years ago

November 30, 2020

Lagos, Nigeria Excite Enterprise, a fully digital Business Development, and Enterprise solutions provider, has made its way into the Nigerian market with various simplified innovations, designed to lead Micro, Small, and Medium Enterprises (MSMEs) on the pathway to success and sustainability.

It is designed to facilitate solutions to the many problems faced by SMEs in terms of low productivity, inability to access funds, legal difficulties involved in business registration, and reaching the right customers through influencer marketing.

According to a Director at Excite Enterprise, Bolaji Okusaga, SMEs have faced a lot of problems in Nigeria especially in the area of funding and other logistics because the government cannot reach out to all of them, hence the urgent need for Excite Enterprise to lead the way to the development of the country’s economy through the proliferation of viable SMEs.

Okusaga, the CEO of Precise Platforms, said Excite will deliver on its promise to revamp the MSME sector through its partnership with organizations across countries that are willing to support entrepreneurs in the country.

Excite Enterprise, he explained, provides innovative services to develop and deepen markets for MSMEs, thus providing entrepreneurs across the business space an opportunity to reach consumers; boost brand names; sales; competitiveness; and improve rendered services. These businesses will not only be able to access funding to scale up their potentials, they will also have entry to a bigger market.

A director at Excise Enterprise and CEO of Mobinet, Hong Kong, Mr. Andrew Otiko asserted that the platform’s sole aim is to make life easy for SMEs through technology usage as he is of the firm belief that if the sector is well organized, there will be massive employment in the country.

He said, “Excite platform has the sole aim of using technology to make life easy for SMEs. It will also facilitate funding from some of our partners that are involved in providing grants and also facilitate other services that will mitigate challenges faced by MSME.

‘’The only way the economy can grow is by providing jobs to the citizenry which can only happen if we change the narrative for SMEs, if processes are in a place where things are simple, there will be massive employment opportunities for everyone if each SME can sustain its growth and recruit just one person.’’

On how the features can spread across the country, especially for those in the rural areas to be able to access the platform, Okusaga said those within that category will be able to pick the language they want when on the platform, which will make the communication easy to use for them.
Furthermore, Mr. Chinonso Ukwandu, the Chief Technology Officer said the platform has every feature needed for every SMEs to succeed as through navigating the website, each business owner can be able to meet agencies that can facilitate fund for it, do bookkeeping, build personal websites and engage influencers in marketing its products.

He said there is also a recruitment and training tool on the platform, where prospective employers can meet the right fit, and also facilitate training for the small business owners. He said the first edition of the training has been held and many more will happen before the end of the year.

About Excite Enterprise
Excite Enterprise came into being based on the need to leapfrog Africa’s development using Technology and Trade. The goal is to create Africa’s largest virtual market and help to actualize the potential of Africa’s vast informal sector. Excite Enterprise’s major focus is on providing business services for Micro, Small, and Medium businesses.

The Platform is a product of Excite Africa a partner business of Excite Incorporated which is a business facilitation platform that helps to optimize business performance by providing access to awareness campaigns, business finance, marketing channels, value creation, and process improvements.

In collaboration with a wide array of third party organisations and individuals, Excite Enterprise provides business management solutions. These services include the provision of a free e-commerce space for trading purposes, marketing services, business registration, and compliance services, training and recruitment as well as access to funding opportunities.
Additional information is available on https://www.exciteenterprise.com/.

Bank

Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion

Published

7 hours ago

May 12, 2026

Sahara Weekly

Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion

_By AGP News

*UNITED KINGDOM OF ATLANTIS* — In a move signaling a push into international markets, the Royal Throne of the United Kingdom of Atlantis on Sunday announced the corporate transformation of Atlantian Crown Bank LLC into *Arizona Global Bank LLC*, as part of a wider restructuring to position the institution for global banking and financial innovation.

The announcement was made at a press conference in the UKA capital by *HRM Queen Amb. Cletus C. Leaticia*, Chief Executive Officer of the newly named bank. She told reporters the rebranding marks _“more than a name change”_ and reflects a strategic pivot toward digital finance, cross-border investment, and modern banking standards.

_“This transformation represents our commitment to innovation-driven banking and our vision to become a globally competitive financial institution,”_ Queen Leaticia said.

*Licensing Process Underway*

According to the Department of Financial Administration and Corporate Affairs, which issued the official communication, Arizona Global Bank LLC has formally begun the process of applying for a *Banking Operational Licence* under UKA’s financial regulatory framework.

Once licensed, the bank plans to operate as a modern financial enterprise focused on four pillars:

1. Innovation-driven banking and digital financial solutions

2. Corporate financing and structured investment services

3. International financial partnerships and cross-border trade facilitation

4. Financial inclusion initiatives

Bank officials stressed that the institution will _“maintain strict compliance with all banking regulations and supervisory standards”_ set by UKA financial authorities.

*Strategic Shift Amid Global Ambitions*

Management described the rebranding as part of a broader restructuring initiative to _“strengthen the bank’s international identity, expand its global financial footprint, and align operations with contemporary banking standards.”_

Representatives called the licensing and rebranding process a _“major milestone”_ aimed at supporting economic growth, international trade, and cross-border investment initiatives.

*No Disruption to Existing Commitments*

Addressing potential concerns from clients and partners, management reassured stakeholders that _“all existing institutional commitments, operational objectives, and long-term strategic plans remain fully intact throughout the transition process.”_

The Royal Throne indicated that further updates on the licence approval, commencement of operations, corporate partnerships, and investment programmes will be released through official UKA and Arizona Global Bank LLC channels.

_The Department of Financial Administration and Corporate Affairs, Royal Throne of United Kingdom of Atlantis, issued the official statement._

Bank

Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

Published

8 hours ago

May 12, 2026

Sahara Weekly

Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

Lagos, Nigeria – Fidelity Bank Plc, a leading Nigerian financial institution, has announced its audited financial results for the year ended 31 December 2025, reporting Gross Earnings growth of 45.6% from N1.04 trillion in 2024 to N1.52 trillion in FY 2025, reflecting stronger topline momentum across core business segments.

The Group recorded a Profit Before Tax of N347.7 billion. This performance was underpinned by a 38.7% year-on-year increase in interest income to N1.11 trillion (FY 2024: N803.1 billion) and a 44.7% year-on-year rise in fees and commission income to N113.4 billion (FY 2024: N78.4 billion).

On the balance sheet, total assets grew by 18.6% year-on-year to N10.46 trillion (FY 2024: N8.82 trillion), while customer deposits increased by 16.1% year on year to N6.89 trillion (FY 2024: N5.94 trillion), reflecting continued franchise strength and growing customer confidence in the brand. Net loans and advances declined by 2.4% year-on-year to N4.28 trillion (FY 2024: N4.39 trillion) as customers paid down on their mature obligations.

The Bank also strengthened its capital position during the period, with eligible capital rising to N561 billion, above the regulatory minimum of N500 billion for banks with international authorisation. In addition, capital adequacy remained robust, with Capital Adequacy Ratio of 30.94 percent as at 31 December 2025 (FY 2024: 23.47 percent).

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

Business

ALIKO DANGOTE FOUNDATION’S FORGES PARTNERSHIP WITH ISLAMIC DEVELOPMENT BANK

Published

10 hours ago

May 12, 2026

Sahara Weekly

ALIKO DANGOTE FOUNDATION’S FORGES PARTNERSHIP WITH ISLAMIC DEVELOPMENT BANK

Ms. Zouera Youssoufou, Managing Director & CEO of Aliko Dangote Foundation (ADF) in company with Mr. Ahmed Iya, Head of Community Engagement & Polio Eradication of ADF visited Dr. Rami Ahmad, Vice President (Operations) of the Islamic Development Bank at IsDB Headquarters in Jeddah.

The delegation used the occasion to highlight the activities of the Foundation so far which made great impact on people of all races by enhancing opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden empowerment opportunities for individuals and communities.

Dr. Rami also expressed his expectation of a good and rewarding partnership between the two organisations, as many member countries of the IsDB face pressing debt challenges that constrain their investments in people and livelihoods.