Business
Cross River Partners Innoson to Launch Assembly Plant at Tinapa
Cross River Innoson assembly plant to create jobs, train youths, and boost industrialisation with CNG vehicles and tyre production at Tinapa Resort
The Cross River State government has unveiled plans to collaborate with Innoson Vehicle Manufacturing Company on setting up an automobile assembly plant at Tinapa.
Also read: UK Investment in Africa Surges as Nigeria Attracts New Business Amid US Trade Decline
Awatt Caleb, Special Adviser to Governor Bassey Otu on Local Content, confirmed the development following a strategic meeting with Innoson Group Chairman, Dr Innocent Chukwuma, in Nnewi.
“This partnership will transform the local economy by training youths and driving investment,” Caleb stated.
The state has offered land at the Tinapa Business and Leisure Resort for the project. Innoson intends to produce Compressed Natural Gas (CNG) vehicles, electric cars, and tyres through a rubber value chain.
In addition to vehicle production, the initiative includes agro-industrial projects and a broader focus on youth empowerment. Caleb highlighted that these efforts are in line with Governor Otu’s “People First” agenda.
To complement this move, the state also plans to organise a Local Content Summit aimed at attracting diaspora investors and professionals.
Also read: Oando Clean Energy, Cross River State, Sign MoU on Renewable Energy Infrastructure
The upcoming summit is expected to support economic revival and further promote sustainable industrialisation in Cross River State.
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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