General News
Bolt Launches Dedicated Website for Safety

With an estimated population of 216 million, Nigerians constantly battle various mobility issues as they go about their day-to-day activities. Enter ride-hailing services which addressed crucial issues in the transportation ecosystem. As the industry expanded, attracting increased demand, there grew the need for remarkable service offerings.
Through the years it has become clear that the most important service that can be offered is SAFETY.
For Bolt, the responsibility to ensure the safety and well-being of riders and drivers remains top priority. The leading ride-hailing company has recently launched a dedicated website (safety.bolt.eu/ng) which underscores its dedication to safety on its platform.
The new page reiterates safety features that ensure that passengers and drivers feel as safe as possible when using Bolt services. When requesting a trip, it is safe to cross check the profile of the driver and the car details. It is also safe to cancel a ride that does not match the details on the platform.
Some of the features include:
- The 24/7 support service available to all drivers and riders which assists with all comments, inquiries, feedback, and issues. Bolt’s customer support team is always online and available to respond to queries through either the Bolt app or by email.
- In addition, all Bolt drivers are required to go through compulsory training and pass a thorough verification process powered by YouVerify. During this process, important information needed to guarantee drivers’ compliance with company policies and procedures are obtained.
- During a trip, passengers can share ride details with family and friends who will be able to track the trip via live locations. Through the shareable link, riders can send the make, model, and registration numbers of their ride. All trips taken via the platform are also tracked and recorded. In case of an emergency, there is an available emergency assist icon that when activated will contact relevant helplines in your cities.
- Bolt takes the safety of its customers’ personal data as seriously as it protects their safety. Bolt only requests and processes information needed to provide riders with the best service. It will never mishandle your personal information.
- Every Bolt trip is covered with an insurance policy underwritten by AIICO Insurance, protecting both drivers and riders. Bolt Trip Protection covers up to NGN 3,150,000 for unexpected injuries, medical expenses, and hospital stays for both passengers and drivers.
Bolt’s safety features are consistently updated to ensure that all parties remain safe before, during, and after a trip.
General News
FG Halts Controversial FRC Dues amid Industry Outcry

Federal government has temporarily suspended the controversial annual dues imposed on public interest enterprises by the Financial Reporting Council (FRC) after fierce opposition from businesses.
Jumoke Oduwole, minister, Industry, Trade, and Investment, announced the decision during a Ministerial Consultative Meeting in Abuja on Wednesday.
The move follows mounting pressure from private sector groups, including the Nigeria Employers’ Consultative Association (NECA) and the Manufacturers Association of Nigeria (MAN), who slammed the Financial Reporting Council (Amendment) Act 2023 for burdening companies with excessive fees.
The Act mandates cumulative annual charges for non-listed entities and imposes a harsh 10% monthly penalty on unpaid dues, compounding until full payment, a provision that sparked widespread backlash.
At the meeting, major industry players like NECA, MAN, the Nigerian Association of Chambers of Commerce (NACCIMA), oil producers, and telecom operators warned that the fees would cripple businesses already struggling in a tough economy.
Oduwole clarified the suspension, stating, “The government has decided to direct the Financial Reporting Council to pause in the implementation of the new annual dues. You know that I am a lawyer, and a suspension request by the organised private sector would be in contravention of legislation duly passed by the National Assembly. A pause is an administrative process simply to review, in line with what we discussed today.”
She assured stakeholders that the halt would last no longer than 60 days, with a technical working group—including FRC officials and private sector representatives—set up to reassess the policy.
“We are a listening administration. The private sector has requested a range from three months to an indefinite suspension. We are not going to do that. So, at the most, 60 days is in my estimate. We are going to set up a technical working group comprised of the FRC and the organised private sector who have formally written in, and this will be reviewed,” Oduwole emphasized.
General News
SON Pledges to Standardize Made-in-Aba Products

The Standards Organisation of Nigeria (SON) says it is intensifying efforts to standardise locally manufactured products, including Made-in-Aba brands, in order to enhance both local and international acceptance.
Aharanwa Chuks, Director of Region (South East), SON, communicated this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja.
Chuks said through the Mandatory Conformity Assessment Programme (MANCAP), SON ensured that all Nigerian-made products conformed to the relevant Nigerian Industrial Standards (NIS).
According to him, MANCAP involves direct engagement with manufacturers to certify that their products meet established quality benchmarks.
“This process includes inspecting production facilities, sampling products and testing them against NIS requirements.
“Successful compliance results in the issuance of the MANCAP certification, signifying adherence to quality standards.
“In Aba, SON has been proactive in educating manufacturers about standardization.’’
The director said SON also conducted stakeholder interactions; gathering manufacturers from various sectors to provide guidance on producing goods that met both local and international standards.
“For instance, leather manufacturers in Aba have been sensitized on standardization practices to enhance the global competitiveness of their products.
“Manufacturers are encouraged to collaborate with SON to obtain MANCAP certification, ensuring their products are not only marketable within Nigeria but also competitive internationally.
“This initiative aims to boost consumer confidence and promote the acceptance of Made-in-Aba products globally,” Chuks said.
General News
EFCC Arrests 133 @ Ponzi Scheme Training Academy

Operatives of the Economic and Financial Crimes Commission (EFCC), has busted a Ponzi Scheme Academy and arrested 133 suspects in Abuja.
They were arrested at the Compensation Layout in Gwagwalada area of the Federal Capital Territory, FCT, Abuja, following actionable intelligence on the existence of the Academy.
The Academy, named Q University (a.k.a Q-Net) is in the business of recruiting gullible young Nigerians who are trained to recruit more gullible citizens into the scheme with the promise of getting unrealistic profit returns.
The suspects are enrolled into a training codenamed: “Special Training for New Generation Billionaire” and brainwashed to believe that they would graduate into the league of billionaires.
They got into the training by obtaining a form the promoters called “Independent Representative Application Form” with promotional slogans such as: “I’m a Champion” “I’m Unstoppable”, “I’m Infinity”, among others.
The EFCC carried out the operation in collaboration with officers and men of 176 Guards Battalion, Nigerian Army.
Items recovered from the suspects include phones, computers and other electronic gadgets.
They will be charged to court as soon as investigations are concluded.
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