News
Agreement Signed for Deployment of Electric Motorbikes in Lagos
Agreement Signed for Deployment of Electric Motorbikes in Lagos
By: Michael Mike
Swap Station Mobility Limited has signed partnership agreement with Glovo and Siltech World to deploy electric motorbikes, smart swappable batteries, and a network of quick interchange stations across Lagos State.
The Partnership will provide Glovo couriers with 2-wheel electric motorbikes that offer lower cost, clean mobility alternative to the internal combustion engine (ICE).
The Electric Vehicles (EVs) are provided on a lease-to-own model whilst also offering riders a unique “pay as you ride” or “weekly subscription” to access SSM’s battery swap and charging facilities, technical support and cover for insurance, licensing, and routine maintenance services. In order to increase adoption, Swap Station intends to build out a network of solar powered automated quick interchange battery stations along major demand routes and logistics bases starting in Lagos and surrounding states over the next twenty-four months.
Blackaion Capital and FundCo Capital Managers who are the co-sponsors of Swap Station Mobility, believe the operational cost of battery swapping per kilometre (km) will remain substantially lower than the fuel cost per km for the ICE counterpart. “This is the main value driver which has been catalysed by the Federal Government’s near elimination of fuel subsidies.
The products developed or distributed by Swap Station are designed to exceed the performance of petrol alternatives whilst significantly improving CO2 emissions, local air quality, and cost efficiency for users over the life of the asset,” said the Director at Swap Station and Partner at Blackaion Capital, Obiora Okoye,
Okwu Njoku who sits on the Board went on to say, “We are very excited about signing with Glovo who operate one of the most prolific food delivery platforms in Nigeria. Our EVs and swappable batteries are in-country, and Siltech World, one of our key technology and technical partners, supported us with the procurement, testing, and certification of the EVs, and so, we are now ready to start operations. We plan to spend the next few months securing additional swap locations, building our technology platform, and expanding our team.”
Abiodun Oni, Chief Executive Officer (CEO) of FundCo Capital Managers, and former Regional Sales Director, Energy, for Tesla, stated, “e-mobility is critical to our sustainable infrastructure investment strategy, and this agreement with our partners enables us to kick start that process”.
On his part, Head of Operations at Glovo, Ify Adah stated, “ By 2030, our goal is to have about half of our orders delivered by non-combustion vehicles. So, we are very excited and look forward to working with Swap Station, and supporting our couriers with cleaner and more cost-effective transport solutions.”
Swap Station is an integrated EV financing and battery charging infrastructure development company that has built a business-to-business-to-consumer (B2B2C) platform that provides access to electric 2-wheel and 3-wheel vehicles, swap station infrastructure, swappable batteries, and a hub for repairs and maintenance services to fleet owners, businesses, and users operating in the logistics and last mile connectivity in Nigeria.
Blackaion Capital is a West Africa focused infrastructure advisor, developer, and asset manager with offices in Lagos, Abuja, and Mauritius. Blackaion’s mission is to create exceptional long-term value for all stakeholders by developing and capitalising tech-enabled and climate-friendly infrastructure projects and companies.
FundCo is a specialised Alternative Asset Manager for sustainable infrastructure-related funds across critical economic sectors. These are selected industries providing essential services to the society, with domestic geographic diversity, have secure cash flows, are recession resilient, and ideally, offer some inflation protection. FundCo is duly registered with and licensed by Nigeria’s Securities and Exchange Commission (SEC) as a portfolio/fund manager in line with the SEC rules.
Agreement Signed for Deployment of Electric Motorbikes in Lagos
Five soldiers killed, three missing in clash with insurgents in Niger
By: Zagazola Makama
Five soldiers were killed and three others declared missing following a clash between Nigerien Defence and Security Forces (FDS) and suspected Islamic State fighters in Sanam, Tillabéri Region of western Niger.
Security sources said the incident occurred on Feb. 12, 2026, during a confrontation between troops and suspected members of the Islamic State in the Greater Sahara (EIGS) operating in the area.
The clash reportedly took place in Sanam Zone, a locality near the Niger–Mali border known for recurrent armed attacks by jihadist groups.
According to the sources, the soldiers were engaged in an operation when they came under heavy attack, leading to a standoff. Five personnel were confirmed dead, while three others were declared missing after the encounter.
The Tillabéri Region has remained a hotspot of insurgent activities due to its proximity to Mali and Burkina Faso, with security forces frequently conducting operations to contain armed groups.
Authorities are yet to release an official statement on the latest incident, while search efforts are reportedly ongoing to locate the missing soldiers.
Five soldiers killed, three missing in clash with insurgents in Niger
Army, police rescue 12 kidnapped victims in Ekiti border attack
By: Zagazola Makama
A Combined Army and Police operatives have rescued 12 kidnapped victims following an armed attack by suspected kidnappers in Oke-Ako area of Ekiti State.
Sources disclosed that the incident occurred on Feb. 13 at about 9:00 a.m., when sporadic gunfire was heard near their base. Preliminary assessment indicated the gunshots were from an assault launched by suspected kidnappers in the area.
Army troops, in collaboration RRS,Anti-Kidnapping Squad (AKS), and local security outfits, swiftly mobilised to the scene. On sighting the security forces, the attackers engaged in a gun duel, but were overpowered and forced to retreat into the forest, taking two victims with them.
Through intensified operations, the security forces successfully rescued 12 victims unhurt, while one, identified as Jeremiah Gambo, sustained a gunshot injury and was immediately rushed to a nearby hospital in Ikole Local Government Area for treatment.
The troops also recovered an unregistered Boxer Bajaj motorcycle, a white Nissan Cabstar pick-up with registration number EJG-96XB, and a wine-coloured Toyota Corolla with registration number KLE-575AE, all belonging to the victims.
Army, police rescue 12 kidnapped victims in Ekiti border attack
Forest guard arrested for allegedly killing son in Monguno, Borno
By: Zagazola Makama
A member of the Forest Guard in Monguno Local Government Area of Borno State has been arrested for allegedly shooting his son to death.
Sources said the incident occurred on Feb. 13 at about 5:40 p.m. at the RRR Internally Displaced Persons (IDPs) Camp in Monguno.
The case was reported to the Monguno Division at about 6:20 p.m. by Maidugu Mustapha of Gana Ali Ward, who alleged that Mohammed Ibrahim Angoli, 28, a Forest Guard member, fatally shot his 24-year-old son, Ajiya Mustapha, in the back with an AK-47 rifle.
The Divisional Police Officer (DPO) of Monguno led a patrol team to the scene, where photographs were taken and the victim was evacuated to General Hospital, Monguno.
A medical doctor on duty confirmed the victim dead on arrival. The corpse was subsequently deposited at the hospital mortuary for autopsy.
The suspect has been arrested and the firearm recovered as exhibit.
The Criminal Investigation Department (CID), Maiduguri, has commenced investigation into the incident.
Forest guard arrested for allegedly killing son in Monguno, Borno
Five soldiers killed, three missing in clash with insurgents in Niger
Benue Police repel bandits attack in Ugba, one suspect arrested, one bandit killed
Army, police rescue 12 kidnapped victims in Ekiti border attack
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