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
Security operatives arrest suspected fuel suppliers to bandits in Gombe
By: Zagazola Makama
Security operatives in Gombe State have arrested two suspected fuel suppliers believed to be providing logistics support to bandits operating in neighbouring communities in Bauchi State.
Security sources said the suspects were arrested on March 4 at about 4:30 a.m. during a stop-and-search operation along the Kashere–Futuk Road in Akko Local Government Area of the state.
The sources said the operation followed intelligence reports indicating that bandits terrorising parts of Bauchi State were sourcing fuel supplies from Kashere in Gombe State.
During the operation, operatives intercepted a red tinted Golf 3 vehicle with registration number GME 221 XA, loaded with 29 jerrycans of Premium Motor Spirit (PMS).
The vehicle was driven by one Aliyu Usman, 20, of Futuk Village in Alkaleri Local Government Area of Bauchi State, who reportedly fled the scene and escaped.
Two passengers in the vehicle, identified as Bello Abdullahi, 52, and Sulaiman Musa, 40, both from Futuk Village in Alkaleri LGA of Bauchi State, were arrested at the scene.
The suspects claimed that the fuel was purchased in Billiri, Gombe State.
The police impounded the vehicle along with the 29 jerrycans of fuel as exhibits while investigations are ongoing to determine their involvement in supplying fuel to criminal elements.
Efforts are also underway to apprehend the fleeing driver and uncover other members of the suspected supply network.
Security operatives arrest suspected fuel suppliers to bandits in Gombe
Troops of 3 Division liberate Mansur Village, Alkaleri LGA in Operation BUGUN KARKANDA III
By: Zagazola Makama
Troops of 3 Division Nigerian Army have successfully liberated Mansur Village and surrounding settlements in Alkaleri Local Government Area of Bauchi State as part of the ongoing Operation BUGUN KARKANDA III.
The operation, led by Major General Folusho Oyinlola, General Officer Commanding 3 Division and Commander of Operation ENDURING PEACE, targeted armed terrorists and criminal elements terrorising the local communities.
According to military sources, troops executed a coordinated offensive on identified flashpoints, dislodging terrorists who had attempted to seize control of Mansur Village. An AK-47 rifle was recovered during clearance operations, degrading the operational capacity of the insurgents.
Following the offensive, troops consolidated their positions and conducted patrols across Alkaleri LGA to maintain security and restore normalcy. Residents have reportedly begun resuming socio-economic activities in the area.
Military intelligence indicates that cross-border terrorist gangs operate within Plateau, Bauchi, and Taraba States, exploiting local terrains and engaging in fluid movement patterns to evade security forces.
The insurgents are reported to include high-value targets such as Mallam Lehi, Mai-Kunkuru, and Mallam Azuge, who operate in the Wase/Kanam forests and Jejin Madam axis.
The General Officer Commanding urged troops to maintain vigilance, stressing the importance of denying terrorists freedom of action while ensuring civilian protection.
Operation BUGUN KARKANDA III is part of the Nigerian Army’s ongoing efforts to dominate insurgent corridors and restore peace and security in North East and North Central Nigeria.
Troops of 3 Division liberate Mansur Village, Alkaleri LGA in Operation BUGUN KARKANDA III
Military EOD neutralizes improvised explosive device in Talata Mafara, Zamfara
By: Zagazola Makama
An improvised explosive device (IED) planted between Yar Danya and Maikwanugga villages in Talata Mafara Local Government Area of Zamfara State has been safely neutralized by military Explosive Ordnance Disposal (EOD) experts.
Zagazola report that the operation, conducted on March 3 at about 2:00 p.m., followed the discovery of the device along a key village route. Security sources said the EOD team successfully detonated the IED, preventing potential harm to residents and commuters in the area.
Patrol and monitoring activities by the troops of Operation FANSAN YANMA and other security forces had since been intensified in the vicinity to ensure the safety of the local population and prevent further threats.
Military EOD neutralizes improvised explosive device in Talata Mafara, Zamfara
Security operatives arrest suspected fuel suppliers to bandits in Gombe
Troops of 3 Division liberate Mansur Village, Alkaleri LGA in Operation BUGUN KARKANDA III
Military EOD neutralizes improvised explosive device in Talata Mafara, Zamfara
Roger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
THE PLIGHT OF FARIDA
FAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years ago
THE PLIGHT OF FARIDA
-
News11 months agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
