Business
Dangote denies owning truck that killed eight in Ondo accident
Dangote Group has denied owning the truck that crushed a pregnant woman, a child, and six others to death in an accident in Akungba-Akoko, Akoko South-West Local Government Area of Ondo State.
The company issued the clarification in a statement on its X account on Wednesday.
The statement followed reports that a cement-laden truck suffered brake failure and rammed into traders and other road users.
Reacting, Dangote Group said the truck involved in the tragic incident does not belong to the group or any of its subsidiaries.
It added that vehicle registration records confirm the truck is owned and operated by an independent logistics company with no affiliation to Dangote Group.
“Dangote Group has refuted reports circulating on social media and in some online platforms linking it to a truck involved in a road accident in Akungba-Akoko, Akoko South-West Local Government Area of Ondo State.
“The company wishes to make it categorically clear that the truck involved in the unfortunate incident does not belong to Dangote Group or any of its subsidiaries.
“Verified vehicle registration details confirm that the truck with Plate No. JJJ 365 XB is owned and operated by an independent logistics company with no affiliation to Dangote Group,” the statement reads.
Business
BREAKING: Uber winds down operations in Nigeria, effective September 2
“Since we first launched in Lagos in 2014, it has been an absolute privilege to be a part of your daily life connecting you with independent transportation providers.”
• An Uber driver at work
Ride-hailing company, Uber, has shut down its operations in Nigeria.
In a statement, the company, which came into Nigeria in 2014, said its exit is effective from September 2, 2026.
“After a thorough review, we have taken the difficult decision to wind down operations in Nigeria, effective September 2, 2026.”
“Since we first launched in Lagos in 2014, it has been an absolute privilege to be a part of your daily life connecting you with independent transportation providers.
“Whether it was a morning commute, a ride to see loved ones, or exploring the city, thank you for trusting the platform to connect you to a driver to get you there safely. We know this may cause disruption to your routine, and we sincerely apologize for the inconvenience.”
Uber said said its plan is to support drivers, riders and local team members through the transition.
Business
Allawee shutting down operations by December 1, warns customers must withdraw by November 30
Allawee warned that payments sent to its account numbers from December 1, 2026 will fail, while its cards will also stop working, regardless of the expiry dates printed on them.
• Allawee logo
Nigerian card-issuing fintech Allawee is shutting down its business and personal account services from December 1, 2026.
This follows its acquisition by Pay Stack.
Accordingly, customers have been given until November 30 to withdraw their funds and make alternative arrangements.
The company disclosed the decision in emails sent to customers, according to TechCabal, explaining that its technology now operates within Paystack following the latter’s acquisition of Allawee in 2025.
Allawee warned that payments sent to its account numbers from December 1, 2026 will fail, while its cards will also stop working, regardless of the expiry dates printed on them.
Customers have been advised to withdraw their balances before the deadline, provide new bank details to people or businesses that regularly pay them, and replace saved Allawee card information on subscriptions and other recurring payments.Allawee said customers would not lose their money because of the shutdown. “Your money will remain yours,” the company said.
Business
Naira Exchange Rates Wednesday, September 2
BLACK MARKET RATES
US Dollar (USD) ₦1,400
Great British Pound(GBP) ₦1,890
EURO (EUR) ₦1,580
Canadian Dollar (CAD) ₦1,020
South African Rand (ZAR) ₦75
Ghana CEDI (GHS) ₦95
West African CFA Buy ₦2, 300
CENTRAL AFRICAN CFA Buy ₦2,150
CBN Exchange Rates
US Dollar (USD) ₦1,329.43
Great British Pound (GBP) ₦1,800.18
EURO (EUR) ₦1,542. 01
Swiss Franc (CHF) ₦1,637.63
Chinese Yuan (CNY) ₦197.79
Japanese Yen (Yen) ₦8.31
West African CFA (XOF) ₦2.36
West African Unit Account (WAUA) ₦1,823.95
Saudi Riyal (SAR) ₦354.08 South African Rand (ZAR) ₦82.47
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