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NASENI Empowers Youths With Skills on Auto Mechanics to Encourage Job Creation

The National Agency For Science And Engineering Infrastructure has commenced training for 100 youths in auto mechanics in Kano state, Nigeria.



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The National Agency For Science And Engineering Infrastructure (NASENI), whose mandate is to conduct developmental work in the areas of manufacturing, has commenced training for 100 youths in auto mechanics in Kano state, Nigeria.

The training program will run for a period of five days, starting from October 4 to 8, 2022.

Speaking on the kick-off of the program themed “Autotronics and application of sensory system mechanism to diagnosis and maintenance in automobile vehicle”, the executive vice chairman of NASENI, Prof. Mohammed Haruna stated that the training is a directive from the Buhari-led administration to ensure that youths are well developed with relevant skills to enable job creation.

He further stated that the occupational trade and advanced skills development selected for Kano State is the first phase of a series of skills development for the northwestern region, which seeks to enhance the ingenuity and creativity of its youths in automobile repairs and maintenance, especially through backward integration techniques.

In his words, “Modern vehicles have computerized engine management systems (EMS) deploying advanced control logics, digital electronics – autotronics, microprocessors and application of intelligence systems making them sophisticated.

“But advances in diagnostic tools have made it easy to trace and address faults in the vehicles without which maintenance becomes too expensive and complicated and, at times, destructive. Many modern cars are grounded due to a lack of intelligent diagnostic tools or know-how.

“This training is to equip the participants with advanced troubleshooting tools and complete occupational resources required to repair any automobile that employs sensory and autotronics.

“The trainees were carefully selected from those earning their livings as motor mechanics but requiring these advanced methods to qualify and repair modern vehicles and enhance efficiency,” he said.

The NASENI boss added that the trainees are expected to equally train others and bag automatic membership of a NASENI platform for online continuous knowledge acquisition and experience-sharing in “this dynamic occupation.

It would be recalled that Investors King on August 19, 2022, reported that China Great Wall Industry Corporation (CGWIC), an energy-saving and environmental protection services company partnered with NASENI to establish the first of its kind transformer production plant in Nigeria.

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Leatherback Set for International Growth as EFCC Drops all Fraud and Misconduct Allegations



Nigeria’s Economic and Financial Crimes Commission (EFCC) has dropped all allegations of fraud and misconduct against Leatherback, a leading financial services technology company, and the company’s CEO, Toyeeb Ibrahim Ibitade.

In November 2023, EFCC announced that it had been made aware of the possibility of fraudulent activities on the Leatherback platform, leading to an investigation into the company’s operations to establish the facts. Cooperating fully with EFCC and working transparently with the organisation’s officials to provide a forensic view of its operations, Leatherback was able to unequivocally prove its innocence, leading the EFCC to drop all allegations and take down all previous communications on its website and social media platforms (Facebook, Instagram, and Twitter) around the matter.

Leatherback supported the EFCC investigation by making over 5,000 printed documents available to officials to enable as much clarity as possible. Leatherback also filed Suspicious Activity Reports (SARs) in the UK and Nigeria.

According to Toyeeb Ibrahim Ibitade, CEO of Leatherback, “I am relieved to see the end of this arduous episode, but I am even more delighted to see that myself and Leatherback, as an organisation, have been completely cleared of all wrongdoing. With this episode firmly behind us, we are poised to accelerate our mission to provide a single access point that empowers individuals and businesses to be truly global, delivering best-in-class financial, payment, and commerce solutions that remove barriers to global growth and mobility for all citizens of the world.”

Headquartered in London, Leatherback is regulated in the United Kingdom, Nigeria, Ethiopia, Canada, India, Pakistan, Nepal, and Sri Lanka, enabling the platform to serve customers across a wide range of markets effectively. Tens of thousands of individuals and businesses already use the platform to support business and lifestyle opportunities every day. Leatherback is also FCA Authorised, PCI DSS Compliant, and ISO Certified.

About Leatherback

Leatherback offers financial services to businesses and individuals in multiple countries with no restrictions. Users can access up to 15 currencies from 21 countries, including NGN, GBP, INR, EUR, USD, and many other currencies. Users can also send and collect money locally and internationally, with invoicing, analytics, and permissions features available for businesses.

For more information, please visit:

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Carbon Acquires Vella Finance to Enhance SME Offerings



Carbon - Investors King

Digital financial services provider Carbon has completed the acquisition of Vella Finance, a Nigerian fintech company specializing in serving small and medium-sized enterprises (SMEs).

The acquisition, announced through an official statement on Wednesday, signifies Carbon’s strategic move to bolster its SME offerings.

Although the financial details of the transaction were not disclosed, Carbon’s acquisition of Vella Finance, founded two years ago under its parent company, One Credit Limited, underscores its commitment to expanding its footprint in the fintech space.

Vella Finance’s expertise in AI-powered SME banking solutions particularly caught the attention of Carbon.

Through this acquisition, Carbon aims to leverage Vella Finance’s innovative technology to provide actionable insights from financial transactions to its SME customers.

Tolu Adedayo, co-founder and COO of Vella Finance, expressed enthusiasm about the integration, noting that several team members from Vella Finance have joined Carbon following the acquisition.

Adedayo further revealed that Vella Finance’s 8,000 SME customers would be transitioned to Carbon Business in the near future.

Chijioke Dozie, co-founder of Carbon, emphasized the alignment of values and vision between Carbon and Vella Finance, highlighting the potential for synergies and growth in the SME banking segment.

The acquisition marks a significant milestone for both companies as they aim to revolutionize financial services for SMEs in Nigeria.

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Alibaba Eyes Gulf Expansion, Seeks Partnerships in Saudi and UAE Markets



Alibaba CEO Jack Ma gestures as he is introduced to participate in a panel discussion at the APEC CEO Summit in Manila

Alibaba Group Holding Ltd., the prominent Chinese e-commerce giant, is actively pursuing expansion into the Gulf region, notably in Saudi Arabia and the United Arab Emirates (UAE).

Alibaba’s president, Michael Evans, revealed the company’s strategy during a panel discussion at Dubai’s World Government Summit, highlighting a commitment to local partnerships as a key aspect of their approach.

Evans underscored Alibaba’s recent endeavors in Saudi Arabia, indicating a concerted effort to deepen its presence in the region’s burgeoning e-commerce landscape.

The move signifies Alibaba’s strategic pivot towards collaborative ventures following a period of strategic realignment prompted by government scrutiny and leadership changes.

The Gulf’s growing ties with China, driven by mutual economic interests and investment diversification initiatives, present an opportune moment for Alibaba’s expansion efforts.

However, geopolitical complexities, including heightened US scrutiny of China-linked entities, add a layer of challenge to Alibaba’s Gulf aspirations.

As Alibaba seeks to reclaim its leadership position in the global tech industry, the pursuit of partnerships in Saudi Arabia and the UAE underscores the company’s adaptive approach to international expansion.

The success of these ventures could potentially reshape the Gulf’s e-commerce landscape and deepen economic ties between the region and China.

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