General News
IFC, Lafarge sign Deal for 260MW Power Plant

The International Finance Corporation (IFC), a subsidiary of the World Bank, and cement giant, Lafarge Nigeria Limited have signed a financing deal for the construction of a 260 Megawatts power plant to be sited in Ewekoro, Ogun State.
Mr. Timothy Oyedeji, deputy director/head of Media at the Ministry of Power, disclosed this in a statement made available to our correspondent in Abuja on Thursday.
While IFC is the lead arranger for the financing, Wartsila-Development and Financial Services Company based in Finland is part of the Lafarge consortium that have concluded arrangement for the construction of the power plant.
Performing the signing ceremony in Abuja, Mr. Muhammad Wakil, minister of State (Power), described the event as a milestone which underscored the need to fast-track the nation’s on-going privatisation exercise arguably described as the biggest in the world.
He said the event would not have been possible but for the doggedness of President Goodluck Jonathan in ensuring that nothing derails the power sector reform.
Wakil said that the Jonathan had also given a marching order to all cabinet members to be Ambassadors in attracting foreign investors.
This, he said, was borne out of the realisation that a lot of resources would be required in the power sector’s new direction which is private sector driven.
The minister used the opportunity to call on genuine investors to take advantage of the conducive environment expressed in adequate legislative framework, market depth and political will. He added that potential investors were assured of higher yields on their investment.
Speaking on behalf of the consortium, Lafarge/CEO, Nigeria and Benin, Guillaume Roux, assured that the World Bank Energy Business plan was supportive of the Nigerian power sector because of the visible achievements so far recorded in the on-going privatisation exercise.
He said that his group was determined to leverage on all resources that would be required to support the sector, adding that the project would be realised in record time.
Roux said that on completion of the project, it would contribute to increase the nation’s power generation capacity and bring about a substantial leap to supply end of the electricity value chain in Nigeria.
He said Lafarge had been in the fore front of embedded power source as the company in the recent past had expressed its readiness to put on the national grid excess power produced from its cement plant.
It is expected that of the 260MW to be produced from the joint venture, at least 220MW would be available to the national grid.
General News
OpenAI Sues Elon Musk Claiming Bad-Faith Tactics

OpenAI is suing Elon Musk over claims he has tried nonstop to slow down its business for his own benefit.

Elon Musk
The company accuses the Tesla boss of using “bad-faith tactics” against OpenAI to help him control cutting-edge AI technology.
Musk sued OpenAI chief executive Sam Altman last year in a bid to stop him from changing its corporate structure. Mr Musk co-founded OpenAI with Mr Altman but left several years ago.
Meanwhile reporters has approached his lawyer for a response to OpenAI’s lawsuit, which was filed on Wednesday.
The countersuit opens up a new front in the high-stakes battle between two Silicon Valley heavyweights.
“Elon’s nonstop actions against us are just bad-faith tactics to slow down OpenAI and seize control of the leading AI innovations for his personal benefit,” “Today, we countersued to stop him.”
Last week, a federal judge in Oakland, California, set a March 2026 trial date in Mr Musk’s suit in a bid to fast-track the legal fight.
US District Judge Yvonne Gonzalez Rogers previously declined to grant Mr Musk an injunction that would temporarily halt OpenAI’s conversion from a non-profit to a for-profit company.
She also said that she expected Mr Musk to give evidence in the case.
Musk alleges that OpenAI strayed from its founding mission as a non-profit to develop AI for the benefit of humanity and is therefore in breach of contract.
He left the company in 2018.
“This is about control. This is about revenue. It’s basically about one person saying, ‘I want control of that startup’,” said Ari Lightman, professor of digital media and marketing at Carnegie Mellon University.
Lightman said it has been a distraction from making AI safe and equitable.
“That takes a backseat with all this rigmarole over control and monetization,” Lightman said.
OpenAI claims Musk has “been spreading false information about us,” in a X post on Wednesday, adding “Elon’s never been about the mission. He’s always been about his own agenda.”
Musk’s xAI is a competitor to OpenAI, but has so far lagged behind. Last month, xAI aquiired Musk’s social media platform X formerly Twitter.
Musk claims the combined company, XAI Holdings, is valued at more than $100 billion.
In February, Musk made an unsolicited bid for OpenAI, offering to buy it for $97.4 billion, which Mr Altman rejected by posting: “no thank you but we will buy twitter for $9.74 billion if you want.”
General News
FG Unveils e-Visa, Digital Entry Cards to Strengthen Border Security

In a major step toward strengthening border security and modernising travel protocols, the Federal Government has announced the introduction of automated landing and exit cards as part of its wider e-Visa solution. The new system, set to take effect on May 1, 2025, aims to eliminate travel bottlenecks while enhancing national security.
The initiative was unveiled during a joint press briefing held in Abuja on Wednesday by the Minister of Aviation and Aerospace Development, Festus Keyamo and the Minister of Interior, Dr. Olubunmi Tunji-Ojo.
The ministers emphasised that the project is a collaborative effort involving key agencies, including the Nigeria Immigration Service (NIS), the Federal Airports Authority of Nigeria (FAAN), and the Nigeria Civil Aviation Authority (NCAA), all of which will play a critical role in the rollout of the e-Visa and the new digital travel documentation.
“What we are doing here today is a further testament to the determination of this government to foster cooperation between key ministries that have mandates that overlap,” Keyamo stated. “Today is another example of that kind of cooperation and collaboration, and this has to do with the introduction of the e-Visa.”
Speaking on the importance of the new initiative, Minister Tunji-Ojo highlighted its significance to Nigeria’s security framework.
“This initiative has a very serious effect on our national security architecture. Prior to now, we have always had the exit and landing card in a manual way — travellers had to fill a paper form. But now the narrative has changed with the introduction of the e-Visa and automated exit and entry cards,” he said.
He explained that the process will now be completed digitally before boarding, with travellers required to fill out the landing and exit cards online and present them to airlines before being allowed to board.
“Nigeria is a country of 230 million brilliant people and we have to lead in terms of technology. In view of that, we are automating the visa process. The responsibility of coordinating and issuing regulations to the airlines lies with the NCAA,” Tunji-Ojo added.
“This shows our commitment to the protection of our country, to border security, and to ensure that our sovereignty as a nation is well respected.”
The interior minister further noted that the e-Visa system is designed not only to strengthen border controls but also to simplify entry processes for visitors.
“The e-Visa will make it easier for people to come into Nigeria while enhancing the security of our country,” he said.
General News
Leo Stan Ekeh Advocates for “Last Mile Takeover” at KongaFM Event, Pushes for Deeper Brand-Consumer Connections

At a recent industry gathering hosted by Nigeria’s pioneering Hit Music & Commerce Station, Konga 103.7FM, renowned tech entrepreneur and Chairman of Zinox Group, Dr. Leo Stan Ekeh, delivered a compelling case for revolutionizing how brands connect with consumers in today’s hyper-competitive market.
Dr. Ekeh positioned what he termed the “Last Mile Takeover” as the critical differentiator for business success in Nigeria’s evolving commercial landscape.
The event, themed “Consumer Last Mile Takeover – The New Key”, brought together entrepreneurs, marketing executives and brand managers from leading corporations to explore innovative approaches to consumer engagement. Ekeh, renowned for his transformative ventures in Africa’s digital space, emphasized that the final point of contact between brands and consumers represents the most valuable real estate in modern commerce.
In his address, Leo Stan charged entrepreneurs who are serious about growth to focus on that last engagement point, as the critical pivot. According to him, that is “where trust is built, loyalty is secured, and value is delivered.”
Dr. Ekeh believes that the media is the strongest link between brand and consumers, and his vision for deeper, more meaningful brand-consumer relationships is what gave birth to KongaFM. Konga 103.7FM is the latest addition to the Konga Group driven by cutting-edge technology and artificial intelligence.
Earlier in her welcome address, Ifeoma Ajumobi, Head of KongaFM, detailing the station’s unique architecture as a robust platform designed with robust support frameworks for brands and businesses, while delivering premium entertainment.
Since its launch in January 2025, the station has experienced remarkable growth, steadily expanding its fanbase and establishing itself as a powerful medium for consumer engagement.
The initiative garnered significant praise from brand representatives across various sectors, including those from Samsung, Nivea, Checkers Custard, Kenya Airways, Emzor Pharmaceuticals, Xiaomi, and LG, who frequently referred to KongaFM as a game-changing platform. Their positive feedback underscored the station’s emerging role as a critical tool for brand communication, particularly in terms of boosting FMCG visibility and fostering direct connections with consumers.
Peggy Abengowe, Marketing Manager, Checkers Custard Africa, applauded the station’s impact on distribution and visibility, while Oge Maduagwu of Samsung Electronics West Africa praised its innovative blend of commerce and technology. Rachael Okeke, Marketing Executive, Emzor Pharmaceuticals, in her words, described the establishment of KongaFM as a “win-win for brands and consumers”.
The event concluded with a unified call to action for businesses to leverage the unique opportunities offered by KongaFM, with Leo Stan reinforcing the importance of boldness in business.
Konga 103.7 FM is Nigeria’s first hit music and commerce radio station, designed to connect brands with consumers through music, storytelling, and targeted promotions. A brainchild of the Zinox Group and Konga, KongaFM is redefining the role of radio in Nigeria’s digital commerce era.
Businesses interested in exploring partnership opportunities with KongaFM can connect via the station’s social media handles @Konga103.7FM or stream live programming 24/7 through its official website for a firsthand experience of this innovative platform.
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