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
IPCR Sees Lent, Ramadan Overlap as Call for National Healing
By: Michael Mike
As Christians begin Lent and Muslims commence Ramadan, the Institute for Peace and Conflict Resolution (IPCR) has urged Nigerians to use the rare overlap of the two sacred seasons to strengthen unity and reject divisive tendencies.
In a statement released on February 18, 2026, the institute described the simultaneous observance as more than a calendar coincidence, calling it a powerful symbol of shared values and collective responsibility in a nation grappling with insecurity and social strain.
IPCR said both seasons—marked by fasting, prayer and reflection—offer an opportunity for citizens to look beyond religious differences and recommit to peaceful coexistence. It stressed that the moral lessons of compassion, self-restraint and generosity embedded in Lent and Ramadan should translate into everyday interactions among Nigerians.
The institute warned against extremist narratives that distort religious teachings for narrow interests, noting that such interpretations undermine national stability. Instead, it encouraged faith leaders and communities to amplify messages that promote tolerance, dialogue and mutual respect.
According to the institute, true spirituality is measured not only by acts of worship but also by how individuals treat neighbours of different beliefs. It added that Nigeria’s diversity should be seen as a strength capable of fostering resilience rather than division.
“With both faiths engaged in solemn reflection at the same time, Nigerians are presented with a timely reminder that we share a common humanity and destiny,” the statement noted, urging citizens to work together toward a more peaceful and prosperous society.
The Director-General of IPCR, Dr. Joseph Ochogwu, who signed the statement, extended goodwill wishes to Christians and Muslims, expressing hope that the sacred period would inspire reconciliation, understanding and renewed commitment to national unity.
IPCR Sees Lent, Ramadan Overlap as Call for National Healing
Operative dies in accidental discharge in Niger
By: Zagazola Makama
An operative attached to a security unit in Niger State has died following an accidental discharge of a rifle at his duty post in Shiroro Local Government Area.
Sources said the incident occurred at about 10:00 p.m. on Feb. 16 when the operative, identified as Abubakar Iliya, 35, who was attached to a special hunters unit stationed at Galadiman-Kogo, reportedly fell from a sentry post.
During the fall, his cocked rifle disengaged and discharged, striking him in the abdomen and causing fatal injuries.
His remains were later evacuated by his unit for burial in accordance with customary rites.
Operative dies in accidental discharge in Niger
Boat mishap leaves passengers missing in Niger
By: Zagazola Makama
A canoe conveying seven passengers capsized while in transit between Jata and Kami Village in Shiroro Local Government Area of Niger State, leaving several persons missing.
Sources said the incident occurred at about 7:00 p.m. on Feb. 16 when the canoe, carrying six females and one male passenger, overturned during the journey.
The passengers were identified as Mustapher Yakubu; Sahura Yakubu and her child; Zarifa Yakubu; Mommy Yakubu; Lizatu Yakubu; Zaratu Yusuf; and Sumaiya Ibrahim, all from Jata/Bmagara via Kami Village.
Rescue teams, including police and local divers, were immediately mobilised to the scene. The boat driver and his conductor were rescued alive, while search efforts are ongoing to locate the remaining passengers.
Authorities said further updates would be provided as rescue operations continue.
Boat mishap leaves passengers missing in Niger
IPCR Sees Lent, Ramadan Overlap as Call for National Healing
Police neutralise two suspected kidnappers, recover rifle in Akwa Ibom
Tragedy in Plateau: Carbon monoxide exposure claims 37 lives at Wase mining site
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