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
News
Troops arrest suspected cattle rustler in Benue
Troops arrest suspected cattle rustler in Benue
By: Zagazola Makama
Troops under Operation Whirl Stroke (OPWS) have arrested a suspected cattle rustler in Makurdi Local Government Area of Benue State.
Security sources said the suspect was apprehended at about 4:20 p.m. on April 15, 2026, at Anule community.
According to the sources, troops of Sector 1 OPWS deployed in the area arrested the suspect during ongoing security operations.
The suspect is currently in custody, while further investigation is underway to determine possible links to cattle rustling activities in the area.
Troops arrest suspected cattle rustler in Benue
News
Troops arrest suspected terrorist, recover motorcycle in Benue
Troops arrest suspected terrorist, recover motorcycle in Benue
By: Zagazola Makama
Troops under Operation Whirl Stroke (OPWS) have arrested a suspected terrorist during an operation in Gwer West Local Government Area of Benue State.
Security sources said the operation was carried out at about 5:19 p.m. on April 15, 2026, following intelligence on the presence of a suspected criminal hiding in Tse Atu community.
According to the sources, troops of Sector 1 OPWS deployed at Anguhah and Umbagbo swiftly responded and conducted a targeted operation in the area.
During the operation, one suspect was apprehended, while a motorcycle believed to be linked to the suspect was also recovered.
The suspect and the recovered item are currently in custody, while further investigation is ongoing to ascertain the suspect’s involvement in criminal activities.
Troops arrest suspected terrorist, recover motorcycle in Benue
News
Army distributes fertilisers to farmers in Benue to boost security, livelihoods
Army distributes fertilisers to farmers in Benue to boost security, livelihoods
By: Zagazola Makama
The Nigerian Army has distributed fertilisers to farmers across various Local Government Areas of Benue State as part of its corporate social responsibility initiative aimed at enhancing food security and strengthening civil-military relations.
The event, held on April 15, 2026, was conducted by the Commander, Sector 1, Operation Whirl Stroke (OPWS), Brig.-Gen. K.O. Bukoye, under the Army Headquarters Corporate Responsibility Project.
The initiative, themed “Using Agricultural Support to Improve Farming for Sustained Security,” is designed to support local farmers while promoting stability within the Joint Operations Area.
Security sources said the programme brought together community leaders, farmers, and other key stakeholders, alongside representatives of the OPWS Commander.
They noted that the intervention is part of ongoing efforts to foster cooperation between security forces and local communities, while addressing underlying factors contributing to insecurity.
Army distributes fertilisers to farmers in Benue to boost security, livelihoods
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