News
COVID-19: Rotary Club Pledges to Assist Lagos, Others Distribute Palliatives Equitably

The president of Rotary Club of Ikeja South has pledged to use its network to help the Lagos State Government, individuals and corporate organizations deploying all manner of palliative measures, whether in cash and kind to ameliorate the effect of the Coronavirus Disease lockdown in the country.
Michael Effiong James, President, Rotary Club of Ikeja South, made this disclosure following the spate of protests and anger over the poor and inequitable distribution of palliatives by government officials and others.
James noted that about 80 per cent of the over 100 clubs in District 9110 are located in Lagos State and they can mobilise their extensive network and know-how to help the government fight this pandemic as well as touch people’s lives.
According to the Rotarian, who is also a journalist and the Editor, Ovation International Magazine: “I was in tears as I watched the good intention of Governor Babajide Sanwo-Olu to provide succour to Lagosians in form of palliatives being rubbished by poor execution, and it occurred to me that Rotary can actually help to right this wrong.
“Rotary is an organisation of professionals, who, as volunteers, are committed to the service of humanity, and, therefore, would be able to use their knowledge of needs assessment, project siting, project monitoring and closeness to the communities to good effect.
“In addition, its time-tested record of probity as a result of the application of the 4-Way test has made Rotary an organisation that is trusted worldwide, which is reason it holds the highest consultative status at the United Nation’s Economic and Social Council, which oversees many UN agencies.
“In Rotary, we have a wide range of professionals, from medical doctors to nurses, lawyers to engineers, these are not greedy or hungry people, but Nigerians who are genuinely passionate about putting smiles on people’s faces, so this is a situation that they are best equipped to handle.
“They also have partnered with governments and individuals successfully in the past and see no reason that Governor Sanwo-Olu and Rotary International District 9110 Governor, Rotarian (Dr.) Jide Akeredolu cannot join forces.
“That is not all. Due to Rotary’s experience with Polio eradication, its huge data bank of facts and figures may actually help the Ministry of Health and the Nigerian Centre For Disease Control in the area of contact tracing and enlightenment.”
Rotarian James also used the opportunity to call on residents of Lagos and Nigerians in general to adhere to the instruction of hand washing for at least 20 seconds, social distancing, cleaning of hard surfaces around their homes and most importantly staying at home.
He said these measures, difficult as they may seem, will help to flatten the curve, stop the spread of the virus, save more lives and enable us return to our normal day-to-day activities in good time.
He revealed that Rotary International has encouraged clubs to intervene in the fight against COVID-19 and while some have already done theirs, Rotary Club of Ikeja of South and others, are fine-tuning plans to embark on impactful intervention projects as contribution to the global effort.
News
FG Unveils AI Public Services Platform

Federal government has launched GovGuideNigeria, an artificial intelligence (AI)-powered digital platform designed to streamline access to public service information through WhatsApp and the web.

The platform consolidates information from more than 35 federal ministries and over 60 government agencies, marking a significant step in Nigeria’s drive to expand AI-enabled public infrastructure and digital government services.
According to Bosun Tijani, Nigeria’s minister of communications, innovation and digital economy, the initiative aims to simplify interactions with government services, particularly for underserved communities that often face challenges navigating complex public-sector systems.
Developed in collaboration with the National Centre for Artificial Intelligence and Robotics, Meta, and Publica AI, GovGuideNigeria uses conversational AI to provide real-time responses via WhatsApp and a web interface in English, Hausa, Igbo and Yoruba.
Sade Dada, head of public policy at Meta, said the multilingual rollout highlights the growing use of natural language processing within African public institutions to improve digital inclusion and broaden access to services.
Ignatius Willie, chief executive of Publica AI, said the platform demonstrates how Africa’s next generation of digital public infrastructure can be developed locally using African languages.
GovGuideNigeria is intended to address longstanding challenges in Nigeria’s public information system, where citizens often struggle to access reliable guidance because of fragmented government websites, poor communication channels and the expense of travelling to physical offices.
Through AI-driven automation, users can obtain information on immigration procedures, documentation requirements, public programmes and agency-specific services through chat-based interactions.
The launch also reflects Nigeria’s broader ambition to integrate AI into digital governance, while strengthening partnerships between government agencies, global technology companies and local AI startups to modernise public service delivery.
News
Elon Musk to Become First World’s Trillionaire with SpaceX Historic IPO

Elon Musk is poised to become the world’s first trillionaire after SpaceX, his company, confirmed plans to go public.

Elon Musk
Because Musk owns the majority of the shares, it could push his net worth over the trillion dollar mark.
The entrepreneur is known for his leadership of Tesla, SpaceX, X, and xAI.
Musk has been the wealthiest person in the world since 2025; as of May 2026, Forbes estimates his net worth to be $788 billion.
SpaceX has filed for a blockbuster public listing in the United States, paving the way for what could become the largest stock market debut in Wall Street history.
The company, formally known as Space Exploration Technologies, announced plans to begin trading under the ticker symbol “SPCX” as early as next month.
The listing values SpaceX at about $1.25 trillion, with Musk’s majority ownership potentially worth more than $600 billion alone.
Combined with his existing holdings in companies including Tesla, the IPO could push Musk’s personal wealth above the $1 trillion mark.
The long-awaited filing also offered investors a rare look into SpaceX’s finances.
The company reported $18.6 billion in revenue last year but recorded a net loss of $4.9 billion. In the first quarter of this year, SpaceX generated $4.7 billion in sales while posting a $4.3 billion net loss.
Financial disclosures showed the company holds $102 billion in assets, including rockets, launch infrastructure and satellite systems, while carrying debts totalling $60.5 billion.
Despite the losses, analysts suggested investors were unlikely to be deterred given SpaceX’s dominance in commercial space launches and satellite internet services.
Ruth Foxe-Blader, managing partner at Citrine Venture Partners, described the planned flotation as “extremely exciting.”
“SpaceX is just an absolutely sprawling, enormous project with so many different selling points, and so many points that really point to the future,” she said.
SpaceX operates the Starlink satellite internet network and also owns Musk’s artificial intelligence company, xAI.
The IPO filing revealed that xAI recently reached a major commercial agreement with rival AI company Anthropic, maker of the Claude chatbot.
Under the arrangement, Anthropic will reportedly pay $15 billion annually to access data centre infrastructure linked to xAI operations in the American South.
The filing also disclosed that SpaceX expects to incur more than half a billion dollars in legal costs from multiple ongoing lawsuits and regulatory disputes.
Among the cases listed were claims alleging that xAI’s chatbot Grok had been used to create sexualised deepfakes of women and girls, alongside patent infringement disputes, music copyright claims, data breach allegations and investigations into compliance with European Union content moderation rules.
Musk has previously said he plans to dissolve xAI as a standalone company and pursue his AI ambitions directly under SpaceX.
The filing came shortly after Musk lost a high-profile legal battle against OpenAI and its chief executive Sam Altman.
Musk had accused OpenAI of abandoning its non-profit mission after shifting towards a commercial model, but a jury dismissed the lawsuit, ruling that he had waited too long to bring the claims.
News
Moniepoint Boosts UK Payments Security

African financial services platform Moniepoint has partnered with open banking software-as-a-service provider tell.money to deploy a transaction security system in the UK market.

The companies said the partnership will allow Moniepoint to implement Confirmation of Payee, an account name-checking service designed to verify recipient details before payments are processed.
The integration will be rolled out through Monieworld, Moniepoint’s UK remittance subsidiary, as part of the company’s broader European expansion strategy.
Tell.money will provide the underlying verification technology, which the companies said is intended to reduce misdirected payments and help protect users against cross-border fraud.
Ravi Jakhodia, CEO of Monieworld, said: “Our goal with Monieworld is to build financial services for Africans in the diaspora.”
He added that tell.money was selected because it manages compliance and accreditation requirements, allowing the fintech company to focus on customer service.
Moniepoint is entering a competitive UK-to-Africa remittance market that includes established providers such as Wise, WorldRemit and Remitly, as well as African fintech firms including Flutterwave’s Send App.
According to data from the World Bank’s KNOMAD programme, remittance flows to low- and middle-income countries are estimated at about $620 billion annually, with digital -first platforms capturing increasing market share through open banking integrations and automated compliance systems.
The rollout reflects a broader trend of African fintech firms expanding into developed markets by adopting local regulatory and open banking standards.
Industry analysts expect diaspora-focused platforms to evolve beyond money transfers into services such as multi-currency banking, credit and investment products.
Telecom2 days agoGoogle unveils Gemini-powered advertising, commerce tools at Marketing Live 2026
E-Financial2 days agoGriffin Capital Group Launches Integrated Financial Services Group Positioned to Strengthen Capital Formation in Nigeria, Africa
E-Business2 days agoKaspersky Detected More than 92,000 Malware Attacks Disguised as AI Services in Four Months
Telecom2 days agoNigeria gets AI-ready Lagos data centre
E-Financial2 days agoCBN to Simplify Bank Alerts over Rising Customer Complaints
Telecom2 days agoTelcos in Nigeria, other Emerging Markets Squeezed by Diesel Crisis
Telecom2 days agoipNX Seeks Coordinated Action on Fibre Deployment @ National Dig-Once Forum
General News2 days agoOtedola Plans $100m Investment in Dangote Refinery ahead of Proposed IPO



















