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General News

BPE Plans Concession for Abuja Airport

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Benjamin Dikki, director-general of the Bureau of Public Enterprises, (BPE)
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The Bureau of Public Enterprises (BPE) has planned a concession for the Abuja International Airport to a private sector operator.

Mr. Benjamin Dikki, director general of the privatisation agency, disclosed this yesterday at a ceremony to mark privatisation day at the on-going Abuja International Trade Fair.

Dikki said rather than sell the airport outright; it could be given out to a private sector operator to manage for a period of 15 or 20 years.

The transaction, he said, would be subject to the consideration of the steering committee, adding that the privatisation agency would soon engage the Ministry of Aviation towards achieving the goal.

The BPE boss listed other activities that could be carried out this year to include the concession of river channels; the concession of railway tracks; the development of a framework for the concession of federal roads.

Others are the establishment of some regulatory agencies; the privatisation of Skypower Catering Services Limited subject to consideration of the steering committee.

Dikki said, “The Mines and Steel Department (of BPE) was to privatise the coal blocks and sell the remaining non-core assets of Nigeria Coal Corporation and Nigeria Mining Corporation in 2013 but litigations, resistance from host communities and other stakeholders issues delayed the transactions.

“The bureau, in collaboration with the Enugu State Government, has set up a joint committee to resolve some of the issues. Another joint committee headed by the permanent secretary, Ministry of Mines and Steel Development was set up to resolve the legal and other issues that impeded the sale process of the coal blocks.

“The National Council on Privatisation has approved the following transactions as definite for 2014: sale of residential houses/lands of NCC; sale of Naraguta and Maiduguri Bricks; sale of non-core assets of Makeri and Mineral Houses, residential houses/vacant lands; and sale of Ogwashi-Azagba Coal Block.”

He said the concept paper for sports reform and concession of the stadia had been sent to the National Sports Commission for inputs while for national parks; the work of the steering committee is on-going.

Speaking on the benefits of past privatisation efforts, Dikki said the results has started trickling in as he disclosed that Ugheli Power Plant now generates about 400 Megawatts of electricity; up from 150MW before privatisation.


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General News

Enugu Air Commences Operations Today

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Enugu State-owned commercial airline, Enugu Air, is set to officially launch its operations today Monday, July 7, 2025. The launch ceremony will take place at the Akanu Ibiam International Airport, with the Minister of Aviation and Aerospace Development, Festus Keyamo, expected to attend alongside other dignitaries, according to a statement from the airline.

Dr Obi Ozor, Commissioner for Transportation, Enugu State, said Enugu Air is a key component of Governor Peter Mbah’s vision for a modern, integrated transportation system, aimed at positioning Enugu as a major aviation hub in Nigeria.

The airline will begin operations with a fleet of three Embraer jets, from the E170 and E190 series, chosen for their performance, passenger comfort, and suitability for regional routes.

The airline’s inaugural routes will form a strategic triangular operation connecting Enugu, Abuja, and Lagos, with plans to expand services to Port Harcourt, Owerri, Benin, Kano, and other key cities across Nigeria and beyond.

Ozor said, “With a strong foundation built on innovation and sustainability, Enugu Air is poised to transform regional air travel, boost state pride, and raise Enugu’s profile nationally and globally.”

The launch of Enugu Air is expected to have a significant impact on the aviation industry in Nigeria, providing more options for air travel and promoting economic development in the region.

With its modern fleet and strategic routes, Enugu Air is set to revolutionize air travel in Nigeria and establish Enugu as a major player in the country’s aviation sector.

 


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Cybervergent Selected as World Economic Forum’s 2025 Technology Pioneer Company

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In affirmation of its global standing, Cybervergent, a Pan-African technology company that leverages artificial intelligence to transform how organisations manage risk, governance, privacy, and cybersecurity, has been selected as one of the World Economic Forum’s (WEF) Technology Pioneers for 2025—a global cohort spotlighting companies transforming industries through breakthrough technologies and responsible innovation.

The WEF, an international organisation committed to improving the state of the world through public-private collaboration, brings together global leaders to shape economic, technological, and societal agendas. Cybervergent now joins this global community.

The company is recognized for its innovative approach to building digital trust, reimagining how organisations manage cybersecurity, risk, privacy and governance.

Commenting on the company’s milestone, Adetokunbo Omotosho, CEO of Cybervergent, said, “I am honoured that Cybervergent has been named a Technology Pioneer by the World Economic Forum. This is more than an accolade — it’s a validation of our commitment to redefining cybersecurity, privacy, and risk management to build true digital trust.

“What makes this recognition even more meaningful is the fact that Cybervergent demonstrates innovation in AI and infrastructure can emerge from any region, challenging conventional perceptions.”

Some past recipients of the Technology Pioneer recognition, including Google, Spotify, and Airbnb have gone on to fundamentally reshape global industries.

As a member of the 2025 Technology Pioneers community, Cybervergent will be contributing to discussions shaping cybersecurity, AI, and cyber resilience across industries and the global digital economy.


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Moove Plans to Raise $1.2Bn Debt Round for US Autonomous Vehicle Expansion

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Moove, an African mobility fintech startup, is on a quest to secure a $1.2 billion debt financing round to support the rollout of a fleet of autonomous vehicles.

This is in partnership with Alphabet Inc.’s Waymo in the United States, according to a Bloomberg report citing sources familiar with the matter.

The startup has since attracted backing, including from Uber Technologies Inc., and entered a strategic partnership with Waymo in December 2024 to provide financing for self-driving cars.

Ladi Delano, co-founder of Moove, noted that the company has a solid financial track record.

“Moove has built strong relationships with some of the world’s leading lenders. We have also fully repaid our first-ever debt facilities, which signals our maturity and marks a key milestone that demonstrates the strength of our platform as we enter the next phase of global autonomous-vehicle infrastructure deployment,” he said.

The round is reportedly oversubscribed, with strong participation from private credit firms and banks.

Waymo has also not made any official statement regarding the funding round. While final details are expected to be concluded in the coming weeks, the deal will mark a significant milestone for the firm as it ramps up its global ambitions.

Founded in 2020 by Nigerian entrepreneurs, Ladi Delano and Jide Odunsi, Moove began by providing vehicle financing for ride-hailing drivers in Africa’s largest cities.

 


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