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Innoson to Produce 30,000 CNG Buses, Trucks Annually From new Multi-billion Naira Plant

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Innoson Vehicles Manufacturing Company Ltd (IVM):

IVM will soon commence production of CNG powered buses and trucks from its new plant

Capacity*: The new factory, which has the capacity to produce 30,000 units of CNG vehicles annually in one shift, has almost been completed and will be commissioned soon

CNG vehicles: CNG vehicles, Innoson said, would be constructed at its new multi-billion Naira plant

Chairman of Innoson GroupDr. Innocent Chukwuma, CON, was quoted as saying that the company, in conjunction with the University of Nigeria, Nsukka (UNN), plans to construct a plant that will produce tractors and other farm implements

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The Federal Government of Nigeria has announced a landmark initiative to send its first citizen into space.

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This pioneering effort was disclosed by Dr Mathew Adepoju, Director General of the National Space Research and Development Agency (NASRDA), during a press conference held in Abuja.

Dr Adepoju revealed that Nigeria has entered into a Memorandum of Understanding (MoU) with the Space Exploration and Research Agency (SERA) to facilitate this ambitious project.

He emphasised that this collaboration signifies a major milestone in Nigeria’s 25th anniversary of space exploration, positioning the nation among countries actively engaged in human spaceflight.
“This initiative opens up new avenues for scientific research and technological advancement,” Dr. Adepoju remarked.

He highlighted the potential of this endeavour to foster technological progress and ignite interest in STEM disciplines (Science, Technology, Engineering, and Mathematics) among Nigerian youth.

 

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Tapswap adjourns token allocation date indefinitely

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Reason for the postponement: The token allocation for TapSwap, a popular tap-to-earn app, has been postponed indefinitely.

The decision was made to ensure a fair and rewarding experience for all users.

Refining the token allocation method:  According to John Robbin, Head of Communications at TapSwap, the token allocation method is still being refined and will be announced at a later date .

Commitment to transparency: The platform is committed to transparency and has started engaging with exchanges and platforms to finalize the token distribution

Measures against exploitation: Measures will be implemented to detect and penalize users who exploit the system by farming taps

Encouragement to continue using the app: Users who have already accumulated taps are encouraged to continue using the app, as there is still time to earn more and increase their token allocation

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Notcoin drops by 11% as airdrop claim ends

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Notcoin, the cryptocurrency project that handed Nigerians their first major earnings from an airdrop campaign has dropped by 11% following the end of its airdrop claim yesterday.

The Notcoin team announced the end of the airdrop claim on X while giving an update on the number of Notcoin holders and their various on-chain activities.

“The claim is over. A month ago, Notcoin was listed and became a real community token, owned by you and people like you. So far, Notcoin has 11.5 million holders: they’ve claimed tokens, staked, sent to exchanges, or withdrawn on-chain. Most of the drop was already distributed. Unclaimed tokens will be used for future development, and part of them will be burned.

In addition, there will be an extra reward for those who staked for Gold and Platinum levels. The more you do for Notcoin, the more you get back, as usual. Details this week. Get ready to celebrate. GN for now” The Notcoin team tweeted.

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