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Eazychange Emerges Winner of Pegasus Fintech Challenge
By Ashemiriogwa Emmanuel
A micropayment solution for transportation, Eazychange, has emerged as the winner of the first edition of the Pegasus Fintech Challenge organized by SOFRI, a digital banking subsidiary of the Dunn Loren Merrifield (DLM) capital group.
The fintech pitch event, which was held on Wednesday at the DLM Capital Group headquarters in Ikoyi, Lagos, had 35 submissions where the top 5 finalists were selected.
The outcome of the pitch event was evaluated by series of pitch presentations given by the finalist to a panel of judges.
The panel of judges consisted of the group CEO of DLM Capital Group, Mr Sonnie Ayere; the Managing Director of Links Microfinance Bank, Mr Funsho Idowu; the CEO of Cowrywise, Mr Razaq Ahmed; the Chief Operating Officer of TeamApt, Mr Tobi Amira; the Team Lead Design and Innovation Lab at Africa Fintech Foundry (AFF), Omolola Tunde-Alade; as well as the CEO of Interswitch Group, Mr Mitchell Elegbe, who was represented by the Senior M&A Executive, Mr Victor Sada.
Among the top 5 finalists, Friendsvow emerged as the third runner-up, EsusuAfrica as second runner-up, OgaPOS as the first runner-up, while Easychange grabbed the gold medal of the challenge.
While speaking on the outcome of the pitch challenge, the COO of TeamApt, Mr Tobi Amira, said the program was primarily organised to enhance innovation and creativity in the area of Nigerian fintech. He encouraged the winners to properly utilize their cash prize as funding for their lucrative ideas.
According to him “It was a delight to sit as a member of the judging panel for the 2021 Pegasus Fintech Challenge. The program aligns with our objective as an organization to encourage innovation and creativity in the Nigerian fintech landscape.
“It was particularly exciting to see and listen to young Nigerian founders who have come together to build solutions aimed at improving the lives of individuals and businesses in Nigeria for the better.
“I must also commend the organisers of this pitch for making an effort to promote and encourage innovation through funding and support. It’s our hope that the winners would put the funds to good use and bring all their fantastic ideas to reality.”
Easychange is a fintech startup with a focus on creating easy cash payments for transportation in Nigeria, helping passengers who want to pay for transport fares to avoid balance/change issues with cash payments and enabling reliable and seamless payments.
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inDrive Backs Smart Mobility Innovation With AOT Lagos 7.0 Sponsorship
By Modupe Gbadeyanka
The 2025 edition of the Art of Technology (AOT) Lagos is going to be bigger and better with the inclusion of inDrive as its official sponsor.
The AOT Lagos 7.0, themed Future Technologies and a Sustainable Lagos, is scheduled for Thursday, December 4, 2025, at the Landmark Centre, Lagos.
inDrive, a leading global ride-hailing platform operating in nine African countries, is partnering with the Lagos State government to bring together policymakers, innovators, tech founders, investors, and global industry leaders to shape the future of technology and digital transformation in Lagos.
Through this collaboration, inDrive aims to contribute to high-level conversations on driver empowerment, sustainable transport models, safety, and affordability, key challenges affecting millions of daily commuters and mobility service providers in the state.
According to the Country Representative of inDrive Nigeria, Mr Timothy Oladimeji, the sponsorship underscores the company’s deep commitment to advancing equitable mobility systems and supporting conversations that drive long-term impact across the transportation ecosystem.
He noted that inDrive sees AOT Lagos as a critical platform for addressing mobility challenges and accelerating innovation within the state.
During the event, inDrive will be participating in one of the key sessions, discussing the topic From fuel to future: the rise of e-mobility in Lagos.
Aside from this, inDrive will also be hosting a side workshop themed The Market Share Victory – How inDrive Became Nigeria’s Second-Largest Ride-Hailing Player.
“We are proud to sponsor AOT Lagos 7.0 because it aligns perfectly with our vision to democratise mobility and ensure fairness for both drivers and riders.
“As Lagos moves toward a smarter, more sustainable mobility future, inDrive is committed to supporting solutions that prioritise affordability, safety, driver empowerment, and technological readiness.
“Through this partnership, we hope to contribute meaningfully to shaping policies and ideas that will redefine how millions of people move across the state,” he said.
Now in its seventh edition, AOT Lagos has evolved into a premier platform for advancing smart-city innovation, showcasing emerging technologies, and influencing the policy frameworks that shape the digital economy in Africa’s largest city.
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FG to Open Section of Lagos-Calabar Coastal Highway December 12
By Adedapo Adesanya
The federal government is set to open Section 1 of the 700 km Lagos-Calabar Coastal Highway for public use from December 12 to 17, 2025.
The Minister of Works, Mr Dave Umahi, gave the assurance on Sunday in Lagos during a review of outstanding works on Section 1 of the highway project.
The section 1 is 47.47km long and has six lanes and two carriageways.
Mr Umahi said: “We also set aside April next year to have Section 1 and half of Section 2 fully completed and commissioned,” adding that the contractor handling the project, Hitech Construction Company Limited, had achieved more than 80 per cent of the reinforced concrete pavement.
“We are very grateful to God Almighty for his mercies, and to the President and to the contractor.
“If we are to pay for everything they have done, it will be very difficult to have this job done because there are places we didn’t envisage that we were going to be removing pits up to a depth of 20 metres.
“They had to do that because they are partners in progress for the development of the country.
“We have just about three kilometres to complete the entire sand filling from Ahmadu Bello Way to Eleko Junction, and we are excited at the work and the quality of what has been done,” the former Governor of Ebonyi State, said.
The new Controller of Works in Lagos, Mr Olufemi Dare, told the minister that a lot of settling was ongoing at Chainage 33 of the highway project, praising the contractor for high quality of work.
“Sir, it may interest you to know that the building standing is the palace of this community, and you saved this building, and they are extremely happy,” he said.
On his part, the Managing Director of Hitech Construction Company Limited, Mr Dany Abboud, said that the company would still backfill from Chainage 34 to Chainage 37.
“Dredging is ongoing, we are on track to deliver.
“We are monitoring the settlement in the swampy areas and the water body areas due to the change of alignment,” he said.
The highway, which commenced construction in March 2024, has generated a lot of controversy, with critics raising concern around cost and procurement structure.
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Nord Vehicle Owner Accuses Nigerian Bank of Economic Sabotage
By Modupe Gbadeyanka
A Nigerian lender has been accused of frustrating local business owners by not financing Made-in-Nigeria vehicles but promoting the purchase of foreign vehicles.
This allegation was made by the owner of a local vehicle assembly firm, Nord Motion, Mr Oluwatobi Ajayi, in a post on X, formerly known as Twitter.
He described this as an economic sabotage, stressing that this action does not encourage local investors.
“A business owner in the oil and gas sector approached us that he would like to buy two units of the @nordmotion Max pickup for his company. Apparently, he was impressed with the vehicle after some rides with his peers in the sector.
“To my shock, yesterday, my team told me that the bank, a bank operating in Nigeria told him that they do not finance Made-in-Nigeria vehicles, and they even suggested to our customer that he should go for foreign brands instead.
“The most provocative part of this is that all of the brands they suggested to him identified as Made-in-Nigeria brands in their filings with the Bureau of Public Procurement (BPP), which means they decide who they want to be whenever it suits them.
“This is yet another example of the needless sabotage and institutional bias against Nigerian manufacturers and assemblers that we experience in this sector.
“The President aims to grow us into a $1 trillion economy. Nigerians want to buy Made-in-Nigeria products, we are working very hard to produce world-class vehicles, but some banks, who should play the role of credit facilitators, are displaying open prejudice against locally made vehicles.
“What sort of economic sabotage is this?
“Many of us who continue to assemble and manufacture vehicles here do so not just for profit, but out of patriotism and belief in the long game. We see this as a marathon, not a sprint.
“We cannot continue using Nigerian resources to strengthen foreign factories while starving our own indigenous companies of opportunities.
“If we truly want this country to be better, then we must support goods and services made in Nigeria, especially those of us who have shown we can deliver world-class standards. The support has to be real, not just in words, but in policy, in finance, and in action.
“Every time we deny support for local production, we export jobs, skills, and economic growth that should belong here,” he narrated.
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