News
Lagos Plans e-Guide for Central Business Districts

The Lagos State Government says it will soon launch an electronic business guide for shoppers to make purchase of goods or products at the Lagos Island Central Business Districts (CBD) of the state easier.
Anofiu Elegushi, Special Adviser to Gov. Akinwunmi Ambode on CBD, made the disclosure on Friday during the ongoing Ministerial briefing to commemorate the governor’s third year in office.
Elegusgi said that the agency was poised to transform Lagos CBD into a 21st Century business precinct with intuitive ideas.
He said that the e-guide project would fast track the economy and that it was designed toward enhancement of ease of doing business in the state.
“The Governor has approved the e-guide project and the process is at 80 per cent completion. Right now, what we are trying to do is to get the business addresses at the Lagos Island.
“Partially, it has been working, we just need to fill in more information. It will allow shoppers in the area to track where they are buying a particular product as it saves time and brings development.
“It is also expected to generate enormous revenue for the government through advert placements and patronage,’’ Elegushi said.
The special adviser, who expressed optimism on the prospect of the project said that the seamlessness would be to the delight of the shoppers.
“At the touch of a button on laptops, phones and computers, shoppers are well guided to where to reach out for their purchases.
“The application is fully functional and what we are doing now is to upgrade it consistently because new businesses are cropping up on a daily basis. The information is not enough, we are trying to add more,’’ he said.
According to him, the full launch of the application will be before the end of June.
On the extension of its operations to other areas of the state, he said the activities of the CBDs would be felt very soon in other areas like Ikeja and Surulere area of the state.
“Plans are already underway for the realization of this initiative, such as Apapa and Eti-Osa, bringing the total to five as stipulated in government policy that established it,’’ he said.
He said that the extension would be effective by July this year when its scope of operations would transcend the Lagos Island axis alone.
Elegushi said that the face of Lagos Island CBD was changing for good with the coming of the blue rail from Okokomaiko to CMS, the opening of DNA centre as well as the handing over of the former Presidential lodge in Marina to the state government.
He assured that the state would continue in its quest to bring enormous opportunities for expanded market of businesses in the area.
He added that the state recently engaged another 90 volunteers to work as enforcement officers which bring the number of volunteers to about 160.
He, however, promised that the state would continue to provide a stress-free and conducive business environment for the benefits of shoppers, traders and business owners through efficient and effective traffic and environmental management in the state.
The office of CBD is mandated to removing impediments and obstructions against free-flow of traffic.
The office is also to ensure cleaner environment, enforcing law against street trading, as well as forging relationships with the stakeholders on how to improve business environment toward attracting more investors on the axis.
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.
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