Brands/Products
Enyo: Celebrating Four Years of Innovation and Customer Loyalty
The impact of many brands in our society is in how well they are positioned to provide solutions that meet the needs of everyday consumers.
In today’s world, the dynamic of service delivery continues to evolve, and brands are creating platforms that enable growth and sustenance.
In the downstream oil and gas sector, organisations like Enyo is creating a prototype for good service delivery and its investment in community support.
Established in 2017, Enyo Retail and Supply Limited is a customer-focused and technology-driven fuels retailing company with a focus to integrate good service experience and renewable energy products in Africa.
Currently supplying up to 2 per cent of the national demand for refined products in Nigeria, Enyo continues to impact growth in local communities while driving economic development.
The company has grown to be one of the leading players in the downstream oil sector, pioneering technology revolution in the downstream sector for additional value to support households and businesses.
In the past four years, Enyo Retail and Supply has brought an innovative and conducive approach to consumer relations with various initiatives, positioning the company as an enabler of an effective lifestyle for consumers.
Enyo has 95 stations across 19 states serving over 100,000 people daily. With each station, the company continues to provide jobs for community members and impact small and medium businesses.
The company recently rolled out solar-powered solutions across its outlets to support the sustainable development goal of improving energy efficiency. This effort is also aimed at providing alternative power and clean energy for the environment, as well as improve operations.
The solar initiative enables the opportunity to contribute to maintaining a healthier and sustainable environment within local communities.
Also, it helps Enyo stations to function for longer hours because they do not have to rely on the national grid or generators. The company also partners with local solution providers in achieving this as a way to further support local businesses for growth.
‘‘Our hallmark at Enyo is that we are customer-focused, and we uphold that in all the services we provide. We operate a business where we interface with consumers daily hence, we ensure that we uphold a high level of trust.
“We set ourselves apart in the products we offer, such that when we say Our litre is a litre, consumers can attest to this when buying from our retail stations.
“Same for our Gas distribution where we ensure that a Kg is a kg. We try as much to invest in building trust because it is very important to what we do.
“What we have achieved in four years is largely because our customers believe in our brand and we have tried to invest in people’s growth with each new outlet we build, impacting the local communities and small businesses in general,” said Abayomi Awobokun, CEO, Enyo Retail and Supply Limited
Enyo has also invested in tech to continuously provide convenience for consumers. With Velox, a wallet-based solution system that can be accessed through a card or RFID stickers to purchase fuel products across Enyo outlets, car owners have access to a platform that enables ease, management and control of their fuel-related spending.
The company also has a Liquified Petroleum Gas called Superior Liquefied Gas (SL-Gas) home delivery system that enables ease for consumers in having access to Gas products. And when you visit some Enyo outlet, be rest assured that you can access ‘Reelax’, a range of convenience store where you can buy the best groceries at affordable prices.
Enyo has also been at the forefront in empowerment and capacity building for young people through the pilot edition of the ENYO Open Ideas Competition (EOIC). The competition featured an innovative contest to challenge the brightest design minds in the country to create a sustainable design of its service stations.
Over 350 innovative designs were received by youths across the country. The top 3 winners received cash prizes and an opportunity to collaborate with the Enyo team. The platform was indeed a means to expose young individuals to life-changing opportunities.
The 2021 edition is set to launch this June themed around recycling. With more outlets established across various parts of the country, Enyo continues to position itself as a brand available to support the lifestyle of consumers and enhancing value.
By Aduragbemi Omiyale
An institutional investor, First Ally Capital, has strengthened a leading Nigerian financial technology company, Mathesis Analytics, to scale its proprietary credit decisioning infrastructure.
It made this possible by injecting fresh capital into the firm, which specialises in AI-powered credit decisioning infrastructure, an action that will directly support the growth and scaling of Mathesis’ core mission of providing the intelligence and infrastructure needed to bridge the credit gap for millions of unscored or underscored individuals across Nigeria.
With this investment, Mathesis will enable financial institutions to confidently assess and extend credit to borrowers who lack a formal credit history by leveraging an expanded pool of alternative behavioural and transactional data.
To date, Mathesis’ systems have supported more than 8 million loans for over 2 million unique borrowers in Nigeria, and the company is actively deploying its infrastructure to establish a growing pan-African footprint.
With the investment from First Ally Capital, Mathesis is well positioned to transform how the credit ecosystem operates, driving financial inclusion in partnership with lenders across the continent.
A significant barrier to credit access in Nigeria, which prides itself on being Africa’s largest economy, is data fragmentation. Borrowers frequently build positive financial behaviours across multiple digital platforms by repaying microfinance loans, saving through fintech wallets, or servicing Buy Now, Pay Later (BNPL) facilities.
However, under traditional credit infrastructure, these achievements remain invisible to new lenders.
Mathesis addresses this challenge through the concept of Personal Equity—the quantified expression of an individual’s financial behaviour aggregated across every institution with which they have transacted.
By translating these disparate signals into a precise, portable measure of creditworthiness, Mathesis creates a comprehensive credit identity that reflects the full breadth of a person’s financial life.
“True financial inclusion cannot be achieved in a vacuum; it requires structural collaboration in which lenders and fintech companies work as partners within the ecosystem.
“This investment from First Ally Capital validates our approach to reshaping credit infrastructure. By quantifying Personal Equity, we empower lenders to safely look beyond the constraints of formal credit histories and recognise a borrower’s true creditworthiness. This capital enables us to accelerate our pan-African expansion while maintaining the robust, institutional-grade infrastructure our partners rely on,” the chief executive of Mathesis Analytics, Winston Osuchukwu, stated.
On his part, the chief executive of First Ally Capital, Mr Ebenezer Olufowose, said, “At First Ally Capital, we pride ourselves on being a one-stop destination for financial solutions, offering a diverse portfolio of services ranging from investment banking and asset management to trusteeship, inclusive banking, and real estate.
“Our investment in Mathesis Analytics reflects our strong belief in the company’s vision and our commitment to supporting forward-thinking enterprises that deliver excellence.”
By Aduragbemi Omiyale
The chief executive of Canal+ Africa, Mr David Mignot, has disclosed that MultiChoice is now fully integrated into the media group.
Mr Mignot disclosed this via a statement issued on Thursday, noting that this development marks a new phase in the evolution of one of Africa’s leading pay television operators.
He noted that the integration positions MultiChoice within a global media organisation with an extensive international footprint.
“MultiChoice is now a full subsidiary of a truly international media group operating in 70 countries. The group was founded in France, is listed in London and Johannesburg, and has a strong African presence with operations in more than 45 countries,” Mr Mignot said.
The statement underscores the scale of the combined business, highlighting Canal+’s global reach alongside its significant investments across Africa.
The completion of the transaction is expected to strengthen MultiChoice’s position in the African media and entertainment market by giving it access to the broader resources, expertise and international capabilities of the Canal+ Group, while reinforcing the group’s commitment to the continent.
MultiChoice operates across sub-Saharan Africa through platforms including DStv and GOtv, serving millions of subscribers with entertainment, sports and news content.
By Adedapo Adesanya
FoodCourt, a Nigerian cloud kitchen startup backed by Y Combinator, has suspended operations after months of unpaid salaries and mounting debts to vendors triggered a staff strike and forced the company to halt customer orders, according to a report by TechCabal.
The publication reported that customers first noticed on March 4 that they could no longer place orders through the FoodCourt app after the company disabled ordering as kitchen workers, delivery personnel and branch staff embarked on strike over unpaid wages. The company also owed outstanding payments to vendors.
By April 19, FoodCourt had temporarily shut its last operating branch after suspending activities across its Lagos and Abuja locations while seeking fresh funding and restructuring the business, according to the report.
The company’s chief executive, Mr Henry Nneji, said the decision to pause operations was not caused by a single issue but by a combination of operational, organisational and working-capital challenges.
“It’s important to clarify that the decision to pause operations wasn’t driven by one single issue. We reached a point where it became clear that continuing to patch those issues while operating wasn’t the right long-term decision,” he said.
“The objective is to build a stronger business than the one that existed before the suspension. We fully intend to bring FoodCourt back,” he added in an emailed response.
The company acknowledged outstanding obligations to employees, vendors, riders and service providers, but declined to disclose the number of affected workers or the total amount owed. It said efforts were underway to resolve the liabilities as part of its restructuring process.
It was also reported that the startup’s financial difficulties worsened after expansion into additional locations increased operating costs, while its cloud kitchen model came under pressure from rising labour, logistics, food and marketing expenses.
Despite the shutdown, Mr Nneji said FoodCourt intends to relaunch after completing its restructuring, adding that the company believes demand for its products remains strong.
Founded in 2021 by Henry Nneji and Paul Adokiye Iruene, FoodCourt operates cloud kitchens under multiple virtual restaurant brands through its consumer app. According to TechCabal, the startup had previously disclosed raising $1.7 million, delivering more than one million meals and reaching $4.3 million in annual recurring revenue by the end of 2024.
