Business
FairMoney Appoints Shobo Chairman in Strong Leadership Boost
FairMoney leadership appointment sees Gbenga Shobo named Chairman and Debo Aderoju as Executive Director and CRO to strengthen governance and growth
FairMoney Microfinance Bank, a leading technology-driven financial institution in Nigeria, has announced key leadership changes with the appointment of Gbenga Shobo as Chairman of the Board and Debo Aderoju as Executive Director and Chief Risk Officer.
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The FairMoney leadership appointment forms part of the bank’s broader strategy to reinforce corporate governance, enhance executive capacity, and accelerate its expansion within Nigeria’s rapidly evolving digital financial services sector.
According to the bank, the appointments signal a strategic milestone in its transition from a high-growth fintech company into a fully-fledged microfinance bank with strengthened regulatory compliance and long-term sustainability goals.
Gbenga Shobo, a former Deputy Managing Director at First Bank of Nigeria Limited, brings more than 35 years of banking experience to the role.
Widely regarded as a veteran in African banking, he is credited with driving significant growth in digital banking operations during his tenure at FirstBank and overseeing key revenue-generating business divisions.
Debo Aderoju, appointed as Executive Director and Chief Risk Officer, is expected to play a central role in strengthening the bank’s risk management framework as FairMoney scales its operations across Nigeria’s competitive financial landscape.
The bank said the FairMoney leadership appointment underscores its commitment to world-class governance structures, operational resilience, and sustainable growth as it expands its customer base in the digital finance ecosystem.
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Industry observers note that the move reflects a broader trend among fintech institutions transitioning towards stronger regulatory alignment and traditional banking structures while maintaining their technology-driven innovation edge
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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