Nigerians get discounted livestock, others at Lotus Bank’s Eid Souq

Thousands of Lagos residents stormed the J-Randle Centre, Onikan for the 2026 edition of LOTUS Bank Eid Souq with heavily subsidized ram sales, business activities, entertainment, and family-focused experiences dominating conversations across the city. The two-day event, held between May 23 and 24, became a major attraction ahead of the Eid celebrations as attendees thronged […]

Thousands of Lagos residents stormed the J-Randle Centre, Onikan for the 2026 edition of LOTUS Bank Eid Souq with heavily subsidized ram sales, business activities, entertainment, and family-focused experiences dominating conversations across the city.
The two-day event, held between May 23 and 24, became a major attraction ahead of the Eid celebrations as attendees thronged the venue to take advantage of massive discounts on livestock, shopping deals, and networking opportunities provided by the Bank.
Souq in Islamic finance is a market where Sharia-compliant exchange of goods and services took place.
The biggest attraction at the Souq was the Flash Ram Sales, where several lucky attendees purchased rams for as low as N20,000.
This was described as unprecedented considering the current economic realities and soaring livestock prices nationwide.
Among the beneficiaries were Muhammad Salaudeen and Daud Abdulhameed who expressed surprise and appreciation to LOTUS Bank for easing the financial burden on families during the festive season.
“Buying a ram for N20,000 in today’s economy is something many people would not imagine possible. This initiative by LOTUS Bank is truly commendable,” Muhammad Salaudeen stated.

Daud Abdulhameed also praised the initiative, describing it as a practical intervention at a time when many households are struggling with rising costs.

“This goes beyond banking. Many families genuinely needed this kind of support and LOTUS Bank made it happen,” he said.

Beyond the ram sales, the Souq featured a buzzing commercial marketplace with vendors displaying food items, fashion products, fragrances, accessories, household items, and festive essentials, while children and families enjoyed dedicated recreational activities at the Kiddies Arena and Games Centre.

Speaking during the event, the Managing Director/Chief Executive Officer of LOTUS Bank, Dr. Isiaka Ajani-Lawal, said the initiative reflects the Bank’s commitment to supporting communities beyond traditional financial services.

“The Eid Souq is more than an event; it is a platform that creates opportunities, supports businesses, and delivers meaningful value to families and communities,” he said.

Also speaking, the Chairman of LOTUS Bank, Alhaja Hajara Adeola, described the turnout and engagement recorded at the event as encouraging and reflective of the Bank’s customer-focused approach.

“This initiative reflects the values LOTUS Bank stands for — inclusion, ethical enterprise, community support, and shared prosperity,” she stated