Connect with us

Business

Breaking News: Nigerian Youngest Billionaire, B-Lord, Pioneers Electric Taxi Revolution in Nigeria

Published

on

 

In a groundbreaking move for Nigeria’s transport and energy sectors, Nigeria’s youngest billionaire and business mogul, B-Lord, has launched an electric car taxi service, marking a significant step toward sustainable mobility in the country. The initiative is set to commence operations in Anambra State.

In an exclusive statement, B-Lord disclosed that over five containers filled with fully electric city cars are currently en route to Nigeria from China. The vehicles are expected to revolutionize public transport by providing an eco-friendly, cost-efficient, and modern alternative for commuters.

To support this venture, several charging station terminals are already under construction across Anambra State. These charging hubs aim to ensure a seamless experience for the upcoming fleet of electric vehicles, setting the foundation for a robust, sustainable infrastructure.

“This initiative is not just about transportation; it’s about boosting economic growth, creating jobs, and setting Nigeria on the global map of innovation and sustainability,” said B-Lord.

The electric taxi project is poised to enhance the state’s economy by generating employment, reducing carbon emissions, and modernizing the transportation sector. Experts believe this move will ripple across other states, driving further investment in green technology in Nigeria.

As Nigeria takes its first steps into the electric vehicle era, B-Lord’s vision is a testament to the power of entrepreneurship and innovation in shaping a better future for the nation.

Stay tuned for more updates as this transformative project unfolds!

Business

‘Dangote not above the law’ – NLC counters VP Shettima

Published

on

The Nigeria Labour Congress, NLC, has countered Vice President Kashim Shettima for describing the Dangote Group as a national asset.

A statement by the NLC president, Joe Ajaero on Tuesday said no company, regardless of size or influence, is above the country’s labour laws.

Ajaero described Shettima’s remarks as a national tragedy, warning that they could signal that wealth and political clout override legal protections for workers, potentially undermining labour rights in Africa’s largest economy.

 

The NLC boss also accused the Dangote Group of infringing on workers’ rights to freedom of association, including the right to join trade unions of their choice, as enshrined in the Nigerian Constitution, the Labour Act, the Trade Union Act, and core International Labour Organisation conventions.

According to him, the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, was fulfilling its mandate to protect members from exploitation and criticised attempts to portray union activity as sabotage or a threat to national interests.

Ajaero also called for stronger enforcement mechanisms to ensure compliance, insisting that human capital, not corporations, is the nation’s true asset

“We state unequivocally to Vice President Shettima: No company, no matter how big, ‘strategic’, or well-connected, can operate outside the law or be bigger than Nigeria. If the Dangote Refinery is to be granted rights and privileges above the law, then the government must be prepared for the storms such injustice will inevitably unleash. There can be no peace without justice.

“The serial violations of the ideals of decent work are a ticking time bomb,” Ajaero said.

“We will mobilise, we will organise, and we will fight back. There are no sacred cows,” he warned.

This comes after the sacking of roughly 800 workers at the Dangote Refinery after they joined PENGASSAN.

Ekwutosblog recalls that Shettima publicly condemned the industrial action as a minor labour dispute that should not hold Nigeria to ransom, stressing the refinery’s critical role in the economy.

The Vice President equally commended billionaire industrialist, Aliko Dangote for his investment in Nigeria and called for industrial harmony to maintain investor confidence.

It could also be recalled that the Federal Government’s intervention resulted to a conciliatory agreement under which the dismissed workers were reinstated, the strike suspended, and operations restored.

Continue Reading

Business

Subject: A cashier at a Kingsway store.

Published

on

Location: Lagos, Nigeria.
Date: Circa January 1962.

Photographer/Source: Pix/Michael Ochs Archives.
Significance: The image captures the era of Kingsway Stores, which symbolized modern and cosmopolitan life in West Africa in the early 1960s.
About Kingsway Stores

Origins: The chain began as Lever’s Stores in 1922, evolving through Opobo Stores Ltd before becoming Kingsway Stores Ltd in 1947.

Expansion: The first store in Nigeria opened in Lagos in 1948, followed by others in cities like Freetown, Accra, Ibadan, and Port Harcourt.

Impact: Kingsway Stores represented a modern, western-style shopping experience, with departments for various goods, and were a popular shopping destination for Nigerians.

Continue Reading

Business

TINUBU TO UNVEIL $400M INDIGENOUS CRUDE OIL TERMINAL IN ANDONI, RIVERS STATE.

Published

on

President Bola Tinubu is scheduled to commission the $400m Otakikpo Onshore Crude Oil Export Terminal in Rivers State on October 8, the first new crude export facility to be built in Nigeria in over 50 years.

The facility, developed by Green Energy International Limited, operators of the Otakikpo field in OML 11, Ikuru town, Andoni Local Government Area of Rivers State, is the first wholly indigenous onshore terminal built in Nigeria. The last such facility, the Forcados Terminal, was commissioned in 1971.

The inauguration is expected to attract top government officials, including the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, Rivers State Governor, Siminalayi Fubara, and key stakeholders across the oil and gas sector.

The Otakikpo terminal is expected to serve as a lifeline to more than 40 stranded oil fields by providing a reliable evacuation outlet, potentially unlocking millions of barrels of crude previously trapped underground.

With an initial storage capacity of 750,000 barrels, expandable to three million barrels, and a loading capacity of 360,000 barrels per day, the facility is also projected to reduce production costs for indigenous producers significantly.

Chairman and Chief Executive of GEIL, Professor Anthony Adegbulugbe, described the terminal as a “game-changing national infrastructure.”

“What we have achieved here is not just a storage solution, but a pathway for about 40 stranded oil fields to finally contribute to the economy,” Adegbulugbe said.

The commissioning underscores the Federal Government’s renewed efforts to restore investor confidence in Nigeria’s oil sector, which has struggled with declining production, pipeline vandalism, oil theft, and rising operational costs in recent years.

Continue Reading

Trending