Brands/Products
NNPC Floods Market With High Performance Engine Oils
By Modupe Gbadeyanka
One of the downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), NNPC Retail Limited, has roll-out of its Nitro and Rhino range of engine oils into the market. This followed the unveiling of its range of lubricants late last year.
NNPC Chief Operating Officer, Downstream, Mr Adeyemi Adetunji, speaking at the launch of the product in Abuja on Friday, said the products were designed to stem the tide of prevalence of sub-standard engine oils in the Nigerian market which had been a cause for concern among motorists.
He said there was huge potential for the products as Nigeria was the third largest lubricant market in Africa, stressing that even with the introduction of electric cars, lubricants would still be required.
Speaking earlier at a pre-launch press conference, Managing Director of NNPC Retail Limited, Mr Billy Okoye, urged Nigerians to see the Nitro and Rhino range of engine oils as their own as they were the shareholders of the company and its parent company, NNPC.
He assured that in keeping with the company’s strategic objective of making high quality petroleum products available to Nigerians at the right quantity for the right price, the Nitro and Rhino range of engine oils would be available at the over 600 NNPC Retail petrol stations, as well as accredited distributors and mechanic workshops across the country.
He explained that the Nitro range of engine oil which comes in four variants – Nitro Diamond, Nitro Gold, Nitro Super 40, and Nitro 2T – is for petrol engines, with the Nitro 2T specially designed for two-stroke engines like motorcycles.
The Rhino range which has two variants (Rhino X and Rhino HD), he explained, is designed for diesel engines, saying, “NNPC brings to bear its wealth of experience in birthing the Nitro and Rhino ranges, hence the connection with the slogan, Na My Papa Born Me, in the product adverts we are rolling out in the media.”
Group Managing Director of NNPC, Mr Mele Kyari, while addressing marketers, distributors, managers of NNPC Retail’s affiliate stations and other stakeholders at the event, also urged Nigerians to embrace the Nitro and Rhino range of engine oils as they were specially designed to meet the needs of Nigerian motorists.
He certified the quality of the products, adding: “They are not in competition with any product, they are a replacement for any other product in the market.”
Also speaking at the event, Chairman of the NNPC Retail Limited’s Board and NNPC Chief Operating Officer, Gas and Power, Mr Yusuf Usman, said the idea of NNPC lubricants was conceived long ago but it took time for the products to be designed and perfected in order for them to meet the company’s brand-characteristics of integrity and quality.
He assured that the introduction of the Nitro and Rhino range of engine oils into the market would mark a turning point for Nigerian motorists.
By Modupe Gbadeyanka
To make finding the right service provider or reaching the right customer seamless, popular local information portal, Connect Nigeria, has introduced a Quote Request platform.
Connect Nigeria described the new system as “a digital solution designed to make connecting with service providers faster, easier, and more reliable.”
It said the Quote Request was built for consumers who need services quickly and want trusted options without the stress of searching endlessly; and service providers and businesses looking for real, high-intent customers without spending heavily on marketing.
“Whether you need a caterer for an event, a plumber for your home, or a designer for your brand, the platform is designed to connect you with the right people,” Connect Nigeria added.
“By connecting demand directly with supply, the platform creates a more structured and dependable marketplace,” it further stated.
At its core, the Quote Request simplifies the entire process of finding and offering services.
To use the service, users have to submit a request describing the service or product needed, which is then sent to verified vendors on the platform. Interested providers respond within 1–2 days, and users compare offers and choose what works best for their needs and budget.
“Instead of searching for vendors, the vendors come to you, with relevant, tailored responses,” Connect Nigeria explained.
The company expects this new platform to eliminate the stress of endless online searches, delayed or vague responses, and uncertainty about service quality.
As for businesses, it solves poor visibility, inconsistent customer flow, and lost opportunities due to slow response times.
Connect Nigeria Quote Request mobile app is now available on the Google Play Store and Apple App Store.
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.
