News
$5 million British battery recycling firm to establish in Ogun; Gov Abiodun embraces investment opportunity
A five-million-dollar British battery recycling company is to be set up in Ogun State.
The British High Commissioner in Nigeria, Mr Richard Montgomery, disclosed this on Wednesday when he led some officials of the Commission on a courtesy call on the State governor, Prince Dapo Abiodun, in his office at Oke-Mosan, Abeokuta.
Mr Montgomery said that when operational, it would be the best in Africa.
He said: “My brief visit to this state is about the deal put together for recycling, which is moving out of Lagos State and establishing a new plant here for recycling e-waste. The Ogun Invest and the Director General, Lands are working to ensure the deal comes off the line, and I am glad to be here to join the final conversation. I think that will bring new technology and new jobs to the State.
“The battery we will be manufacturing in Ogun State will be the first of its kind in Africa, and we will make the State the leader in battery recycling in Africa.
“For the first time, it is now possible to recycle the cell back into chemical form in Africa and export the black mass, which contains the minerals inside the battery, to make new batteries.
“It is really exciting that we received support from Ogun Invest, and officials from the Bureau of Lands confirmed the Certificate of Occupation. We can say that the investment will be about five million dollars, and we want Ogun State to be the place where this industry can grow,” the High Commissioner said.
He noted that his runty would like to participate in energy, technology, tertiary education, and agricultural processing, and also explore how to find more United Kingdom-linked companies to invest in the State, adding that discussions are ongoing with the state team on how to proceed in the coming year.
Mr Montgomery hinted that their visit to the state was partly to review the progress being made in Ogun as the industrial hub of the nation and how the State has fared in the areas of infrastructure and creating a conducive environment for business to thrive.
The High Commissioner noted that his country was not only interested in what the state has achieved in the last five years but is also trying to identify business opportunities for his government and his country’s companies to invest in.
He stated that the British International Investment, a financial development institution, has invested in one of the major cashew processing and export companies, adding that his country is ready to offer technical assistance to the state’s mass transit system, which is currently being test-run.
Responding, Governor Abiodun noted that the State has a large expanse of land suitable for the cultivation of food and cash crops, just as large deposits of limestone and other minerals are found in the State.
He said the state is home to numerous manufacturing companies and has the biggest industrial park as a result of the gas pipelines from the Niger Delta that crisscross the length and breadth of the State.
Abiodun noted that the deliberate provision of road infrastructure and other amenities was to attract more investments to meaningfully impact the lives of the people.
The governor stated that the state is doing well in the area of agriculture as it contributes to food security in the country, while it has also repositioned the education and health sectors of the State.
He added that the establishment of the Ministry of Transportation, the development of the Transportation Master Plan, and the building of a cargo airport were some of his takeaways from participating in a summit in the United Kingdom in 2020.
The governor, who acknowledged the relationship between Nigeria and the United Kingdom, said the state has benefited from the training of its staff, especially those managing the State transport system.
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for yesterday 11th September, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1530 and sell at N1550 yesterday 11th September 2025, according to sources at Bureau De Change (BDC). …CLICK LINK TO CONTINUE READING
The likelihood of former President Goodluck Ebele Jonathan entering the presidential race in 2027 is becoming increasingly apparent, particularly given the recent developments surrounding his potential candidacy.
Reports suggest that Jonathan is discreetly meeting with key political figures across the country, which adds to the anticipation surrounding his possible return to politics. Click link to continue reading.
News
2025: Nigeria Missed Out As Ghana Other Meet Top 10 African Countries With Stable Power Supply Emerge
More questions have been raised over the incompetence of the power sector in the country as Nigeria as many African countries making significant strides in enhancing their power supply stability by investing in modern electricity transmission networks, advanced grid infrastructures, renewable energy sources, and natural gas.
Their diversification prevents disruption in their electricity distribution. Foreign collaboration and smart technology are also some of the positive factors that support these countries’ power sector. …click link for full list here
The Dollar to Naira exchange rate in the black market continues to highlight Nigeria’s forex supply challenges, with many individuals and businesses relying on the parallel market for transactions.
CBN maintains tighter controls and a lower rate at official windows, limited access and allocation restrictions force most importers, businesses, and students abroad to turn to the parallel market, where prices reflect actual demand and supply pressures. Click link to continue reading.
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for yesterday 10th September, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1530 and sell at N1545 yesterday 10th September 2025, according to sources at Bureau De Change (BDC). …CLICK LINK TO CONTINUE READING
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1525
Selling Rate N1535
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate N1510
Lowest Rate N1506
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Isaac Fayose, younger brother of former Ekiti State Governor Ayo Fayose, has sparked nationwide controversy after declaring that Nigeria belongs only to the Hausa and Yoruba ethnic groups.
In a viral video making the rounds on social media, Fayose dismissed the long-standing belief that Nigeria’s unity rests on a tripod of Hausa, Igbo, and Yoruba.
He claimed that the Igbos have been marginalized and not counted among the country’s dominant groups.
He stated: “They said Nigeria belongs to Hausa, Igbo, and Yoruba, but that’s a lie… take out that Igbo, stop including them because it’s a lie.”
The remarks have triggered widespread backlash, with many Nigerians accusing him of promoting ethnic hatred and fueling disunity.
Others, however, agreed with his statement, describing it as “an honest truth” about Nigeria’s politics.
Netizens Reactions…
@olaoluwasunnyman reacted: “Honest truth.”
@chefnoka said: “History will never forget you, brother. I’m not Igbo, but I love the way you speak and stand for the truth. We need it to move this nation forward.”
@newbilliy commented: “I’m Yoruba but an Igbo President will make Nigeria great. I love Igbo people and their business mindset.”
@beautyjunctiongh wrote: “God bless you, my brother, for saying the truth.”
@benedictoguama asked: “Where is Jonathan from?”
@daveiyke_donnegro stated: “@isaacfayoseoriginal_ God bless you Sir for speaking the truth. I wish other Nigerians can shun tribalism and unite for the progress of Nigeria. Tribalism us a tool against Nigerians and the unity of Nigeria. Politicians have weaponized tribalism which enables them thrive in continued political and socioeconomic incompetence.”
@realtundr4 added: “I agree with what you said, sir, but look at it, does igbo really have d right candidate? Obi is just chameleon to me he’s not real, neither do they have the leadership experience as our current president @officialasiwajubat, the one and only politician that have ever created more millionaires and successful individual in the whole nation. Make we leave hatred, JAGABAN na baba.”
@wellingtonisgreat commented: “@wellingtonisgreat said: “Nigeria belongs to everybody not hausa, yoruba, igbo, Benin have not been president before let us go? You dey talk anyhow.”
@richeart4u said: “Those that have been president, were they given free or charge? Was there a law that stopped Igbo man from being a president? How do people become a president? Or do you mean Igbo have never been allowed to contest for presidency? Same things goes to women too, why are women not hugely represented in all positions even presidency? No one is stopping anyone from becoming anything, you just have to change your strategy and alignment. You can’t be doing same thing over the years and not get the desired result and still want to stick to that failed pattern to achieve a new result. Igbo people and their candidate must be encompassing. Hausa has been aligning more to Igbo people to get whatever position they wanted and why are they not returning the favour hugely? Align to anyone that can boost your change of winning and be well accommodating and understanding the power of choices and politicking. I might be wrong 0000. Na ma small knowledge I take respond oooo.”
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