FXTM Academy Fetes Top Performers In Charity Cycling Race With N7.4m

April 30, 2025

FXTM Academy recently hosted a charity cycling race in Lagos, where cyclists who emerged as top performers were given impressive cash prizes, reaching N7.4 million.

The competition which held on Saturday, 19 April, attracted 200 participants from cities, including Port Harcourt, Ilorin, Ibadan, Abeokuta, and Lagos, showcasing a strong spirit of sportsmanship and community engagement.

Join our WhatsApp Channel

The event featured six categories—Professional Male, Professional Female, Junior Male, Junior Female, Veteran Male, and Veteran Female—providing opportunities for cyclists of all skill levels to compete.

Registration began at 6:30 am, and the race started at 8:00 a.m., with Juniors completing 10 laps, Veterans tackling 14, and Professionals racing an impressive 20 laps, each lap spanning 2.8 kilometers.

Impressive Prizes for Top Performers

Participants contested for significant cash prizes, with winners in the Professional categories receiving ₦800,000, ₦500,000, ₦300,000, and ₦200,000, respectively, for the first to fourth positions. Cyclists finishing in 5th to 15th places were also rewarded with ₦50,000 each.

In the Junior Male and Female categories, the top three performers earned ₦200,000, ₦100,000, and ₦50,000, respectively. Veteran winners took home ₦500,000, ₦300,000, and ₦200,000 for 1st, 2nd, and 3rd positions respectively.

READ ALSO: Pedal Power: FXTM Sponsors Lagos Monthly Crit At Dolphin Estate  

Participants and spectators commended FXTM Academy for organizing such an event that fostered unity and provided a platform for cyclists to showcase their talents. Many attendees expressed gratitude for the opportunity to take part in the competition.

The event also highlighted FXTM Academys commitment to empowering communities and promoting similar values that also align with cycling, which are perseverance, discipline, endurance and continuous improvement.

Commenting on the event, Country Representative for FXTM, Kelechi Ehibudu, said: FXTM Academy wants to empower communities and promote similar values that also align with cycling, which are perseverance, discipline, endurance and continuous improvement.”

victor ezeja
Correspondent at  |  + posts

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Previous Story

Champions League : Arsenal Walk Tight Rope After PSG Shocker At the Emirates

Next Story

Shareholders Of Ecobank, Cadbury, Others Lose N81bn After Trading Hours

Featured Stories

Latest from News

Nigeria Ranks Fourth in Africa with 18.8m Air Passengers in 2025 — FAAN

Written by Amanze Chinonye Nigeria ranked as Africa’s fourth-largest aviation market in 2025 after recording more than 18.8 million domestic and international air passengers, the Federal Airports Authority of Nigeria (FAAN) said. Join our WhatsApp Channel Passenger traffic increased 11.9% from the previous

Kenya Extends VAT Refund wait for Bad Debts to Three Years

Written by Amanze Chinonye Kenyan businesses will have to wait three years before applying for a value-added tax refund on qualifying unpaid debts, up from two years, under changes introduced by the Finance Act 2026, the Kenya Revenue Authority (KRA) said. Join our

NMDPRA Orders Nationwide Pump Checks Over Fuel Under-Dispensing

Written by Amanze Chinonye Nigeria’s petroleum regulator has ordered fuel stations nationwide to immediately calibrate and verify their dispensing equipment after detecting cases of under-dispensing of petroleum products to consumers, Prime Business Africa reports.  Join our WhatsApp Channel The Nigerian Midstream and Downstream
cbn

CBN cuts MPR to 23% as MPC Recalibrates Policy Corridor

Written by Amanze Chinonye Nigeria’s central bank cut its benchmark interest rate by 350 basis points to 23% on Tuesday, while recalibrating the Standing Facilities Corridor as it adjusted its monetary policy implementation framework, Prime Business Africa reports.  Central Bank of Nigeria Governor
Previous Story

Champions League : Arsenal Walk Tight Rope After PSG Shocker At the Emirates

Next Story

Shareholders Of Ecobank, Cadbury, Others Lose N81bn After Trading Hours

Don't Miss

Anambra's Security Shake-up: Will New Police Leadership Derail Progress?

Nigeria Police Launch Investigation into Rivers Assembly Security Breach 

The Nigerian Police Force (NPF) says it has launched a
Top 15 Tools Necessary For Content Creation 

Top 15 Tools Necessary For Content Creation 

Content creation is perceived to be a digital goldmine in