The Managing Director of 4Stone Capital Limited, Dr Elizabeth Kings-Wali, announced the development on Tuesday during the Business Summit and New Identity Launch in Lagos.
She disclosed that after diversifying into agriculture, insurance, mining, and real estate from the financial services sector—its niche area—it was necessary for the company to adopt a new identity that captures the essence of its expanded business.
According to her, the diversification will enable the firm to better serve its customers and provide end-to-end services, positioning it as a business supermarket with substantial interests in infrastructure services.
To achieve these goals, Kings-Wali stated that the company would inject new capital into its operations, including raising its capital base by over 800 per cent.
“We will be injecting new capital into our operations. We intend to increase our capital base by 800 per cent from where it is today. This capital injection will enable us to enter the mining sector, which is very capital-intensive. You cannot venture into agriculture without additional capital, and the same applies to real estate,” she explained.
She advised businesses to look inwards, given the changing business environment and government policies, which have made the operating landscape dynamic.
Certain policy measures instituted by the Central Bank of Nigeria, she asserted, have helped to stabilise the foreign exchange market. She added that the current market environment requires backward integration for many businesses.
The Chairman of 4Stone Capital, Dr Muhammad Dantoro, stated that the company transitioned from Blackstone Capital Limited to unveil a new brand identity, 4Stone Capital Limited.
He said, “The launch of 4Stone Capital Limited is a testament to the vision, dedication, and perseverance of the board, the management team, and particularly the Chief Executive Officer, who, against all odds, followed her passion to establish this company five years ago.”
Dantoro commended Kings-Wali’s remarkable achievements in building the company from humble beginnings into a thriving institution.
Renaming the company to 4Stone Capital, he noted, is a bold step symbolising a new chapter of growth, innovation, and excellence.
He expressed confidence that the rebranding would propel the company to even greater heights, creating opportunities for economic growth, job creation, and community development.
The keynote speaker, Prof Steve Azaiki, who spoke on the theme ‘Innovating Finance: Unlocking Growth and Opportunities in Nigeria’s Emerging Economy’, said that 4Stone Capital’s commitment to agility, innovation, and financial inclusion is not just a statement but a mission.
“[It is] a mission that aligns with Nigeria’s growing role as Africa’s business hub and a beacon of economic resilience. Today, we are here to explore possibilities, foster new partnerships, and unlock opportunities that will drive sustainable growth,” he said.
Azaiki explained that “Nigeria stands at a pivotal moment in its economic evolution,” where the intersection of financial innovation and economic policy could unlock new pathways for sustainable growth and inclusion.
“As Africa’s largest economy by population and a key business hub, Nigeria faces both opportunities and challenges in its financial sector. Structural inefficiencies, inflationary pressures, and limited access to capital have long constrained economic acceleration,” he said.
Emerging financial technologies, digital banking solutions, and alternative financing models, he added, present unprecedented opportunities to reshape the financial landscape.
He stated that financial innovation is a critical driver of economic growth, enabling greater financial inclusion, expanding access to capital, and improving market efficiency.
“In Nigeria, where traditional financial systems have struggled to meet the needs of individuals and businesses, particularly small and medium-sized enterprises, emerging financial technologies are reshaping the landscape. The rise of fintech, digital banking, alternative financing models, and regulatory reforms is creating new opportunities to bridge financial gaps and accelerate economic development,” he said.
The event was attended by stakeholders from the public and private sectors, the financial services industry, and traditional rulers, who pledged their support and patronage for the rebranded company and prayed for its continued success.
