News
Uber Launches Boat Service in Lagos

Global ride-hailing firm Uber Technologies Inc on Friday launched a pilot test of a boat service in Nigeria’s commercial capital Lagos to attract commuters seeking to avoid the megacity’s notoriously congested roads.
The United Nations predicts that Nigeria’s population will more than double to 400 million by 2050, which would make it the third most populous country in the world after China and India.
The combination of population growth and congestion has made Nigeria, and more broadly West Africa, attractive to foreign transport companies.
The waterway service, UberBOAT, is operated in partnership with local boat operator Texas Connection Ferries and the Lagos State Waterways Authority (LASWA), said the ride-hailing firm.
“This initiative is aimed at providing commuters with an easy and affordable way to get in and out of the city’s business districts,” Uber said in a statement.
The pilot phase will operate on weekdays from 0700 GMT to 1600 GMT on a fixed route between two locations in the city.
Passengers will be charged a flat fare of 500 naira ($1.39) per trip, compared with about 300 naira by minibus for a similar journey in the commercial hub of the West African country where most people live on less than $2 a day.
At a press conference on Friday, Uber officials said there would be four trips a day, carrying up to 35 people on a boat, during the two-week pilot.
Babajide Sanwo-Olu, the governor of Lagos state, said the Uber boat service, and the use of waterways in general, were part of a raft of initiatives aimed at easing congestion that include a programme of road repairs.
“We want ferries that carry 60 to 80 people,” he said, referring to his hopes for the future use of waterways, on Thursday at a forum with businesses.
Uber’s boat initiative follows a number of motorcycle ride-hailing firms that have targeted West Africa as an area for expansion in the last few months.
Technology giant Google also launched a new feature in July that allows Nigerians to hear travel advice in a local voice on Google Maps. Another feature allows users in Lagos to seek directions from “informal transit” services, such as private minibuses.
News
SEC Probes Ponzi Scheme Linked to FF Tiffany

The Securities and Exchange Commission has revealed plans to commence investigation into the activities of an entity operating under FF Tiffany, allegedly running a fraudulent investment scheme that has defrauded citizens.
A statement by the SEC on Tuesday in Abuja said preliminary information revealed that the scheme, which promised investors unusually high and unrealistic returns, had resulted in the loss of several billions of naira.
The SEC said it viewed the activity as a threat to investor confidence and the overall integrity of the financial system.
The commission assured the public that it was working closely with law enforcement agencies and other relevant bodies to bring everyone involved in the unlawful operation to justice.
According to SEC, those found culpable will be prosecuted in accordance with the Investment and Securities Act and regulatory provisions.
SEC reiterated its earlier warnings to the general public to desist from engaging in Ponzi or unregistered investment schemes that promised guaranteed or exaggerated returns.
“These schemes are not registered with the SEC and do not offer investor protection under the law.
“The commission is currently investigating 79 schemes and will make a statement on its findings at the conclusion of the investigation,” the SEC said.
The commission encouraged investors to conduct due diligence and verify the registration status of any investment firm or product by visiting the SEC website or contacting the commission directly through official channels.
SEC said it remained committed to its mandate of protecting investors, ensuring fair practices, and maintaining confidence in Nigeria’s capital market.
News
US Launches ‘Window on America’ @ Ogun Tech Hub

The Ogun Tech Hub in Abeokuta, Nigeria received a significant step towards increasing digital access and empowering young people as US Embassy in Nigeria launched the ‘Window on America’ facility.
The newly opened centre will offer free high-speed internet, computer access, and targeted programs to help young Nigerians build essential skills in technology, entrepreneurship, and leadership.
In a post on X (previously Twitter), the US Embassy described the hub as a modern ICT and resource centre meant to promote digital inclusion and provide youths with skills.
“Hello Abeokuta! We’re thrilled to announce the opening of the Ogun Tech Hub Window on America. This dynamic space offers free high-speed internet, computers, and programs to help young people gain tech, leadership, and entrepreneurial skills,” the Embassy wrote.
The facility was established in collaboration with the Ogun State and GFA Technologies, a software solutions provider for startups and SMEs.
The Embassy said the facility is part of its wider network of 29 American hubs across Nigeria, designed to empower youth and broaden access to global knowledge and opportunities.
Speaking during the launch, Ogun State governor Dapo Abiodun urged young people to use the ICT industry for self-sufficiency and competitiveness globally.
He lauded the program as a public-private cooperation that connects Nigerian youngsters with global innovations.
The governor said: “The Ogun Tech Hub serves as a collaborative space for technologists, startups, and social entrepreneurs to develop tech-driven solutions for societal challenges. The partnership is aimed at positioning Ogun State as a leading tech hub in Africa, supporting creative problem-solving and commercial innovation.”
With the ‘Window on America’ program fully operational, Ogun State is well-positioned to boost youth empowerment and digital literacy.
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