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Again, Tapswap postpones token allocation

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A popular tap-2-earn app, Tapswap, powered by TON Blockchain, has said the token allocation to users has been postponed to quarter three of the year.

The app, which required users to repeatedly tap the icon in the centre of the Telegram Tapswap bot screen to mine coins, recently gained momentum among Nigerians tapping on their phone screens in pursuit of financial earnings and has amassed over 50 million users since it launched on February 15, 2024.

The management said it decided to move the share-to-token exchange event scheduled for July 1st to the third quarter to better serve its players.

In a series of threads created on X, on Monday, to share what it described as ‘bad and good news’ for its players, the management said it is in active talks with tier 1 exchanges around the world to price the highly ranked game from the prey of scammers and leaders in web3 industry who are moved by the successes the game had attracted.

“We’ve got some bad and really good news for you at the same time: our team has decided to move the date for the Shares-to-Token exchange event. You might wonder, what’s good about that? Just FUD?

“Not exactly. The whole point is that you’ll benefit from this. Let us explain how:

Recently, there’s been a lot of buzz around Tapswap, especially about listing on tier 1 exchanges, a massive drop, and more. And it’s no surprise: the project has become one of the major players globally, ranking at the top. This kind of attention attracts not just scammers but also leaders in the web3 industry.

“So, not all rumours are just rumours. The Tapswap team is actually in active talks with tier-1 exchanges!

And they are thrilled with you – our community! Isn’t this what we’ve been tirelessly working towards together?”

The management further reiterated its effort to devote a high level of attention to the task, which requires much more detailed work on tokenomics and the right launch strategy.

“However, this success comes with some ‘inconveniences’. This level of attention requires much more detailed work on tokenomics and the right launch strategy. And that means extra time.

“But know that this is all to ensure that our launch in Q3 is fair and, more importantly, profitable for all of you who stand by us no matter what,” it added.

Tapswap, however, charged its players to be happy about the bigger news in the future while appreciating the support and feedback gotten from them.

So, as you can see, there are plenty of reasons to be happy about this change. And very soon, we’ll give you some even bigger news about our future, tier 1 partnerships, and the drop itself!

We really value your support. And we truly listen to your feedback, so don’t forget to share it in the comments. Together, we’ll keep reaching higher and higher levels!

Business

Nigerians can now obtain UAE visas, says FG

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Mohammed Idris, minister of information and national orientation, says Nigerians can now apply for and obtain visas to the United Arab Emirates (UAE).

Idris said the federal government has reached an agreement with the UAE to allow Nigerian passport holders to obtain visas for travel to the Arab nation starting today, July 15.

The minister spoke with the State House correspondents in Abuja on Monday, shortly after the weekly federal executive council (FEC) meeting.

He said the agreement includes updated controls and conditions to be fulfilled before the issuance of a UAE visa.

On December 13, 2021, the UAE issued a travel restriction on passengers from Nigeria and the Democratic Republic of the Congo, citing a surge in the countries’ COVID-19 cases among passengers from the two African nations.

However, TheCable reported the travel ban might not be unconnected with the diplomatic row between Nigeria and the UAE over Air Peace’s flight frequency to the Arab country.

Air Peace had requested a slot of three weekly flights from Nigeria to Sharjah Airport in the UAE, but only one was granted by the country’s General Civil Aviation Authority (GCAA).

GCAA said Air Peace should not expect to retain its flight frequency after pulling out of Sharjah Airport; the Nigerian airline, however, denied the claim.

In retaliation for Air Peace’s treatment in the UAE, the federal government dropped Emirate’s slots from 21 to one, leading to the Dubai-based airline suspending all its flights to Nigeria.

In September 2023, the federal government said the airline would resume services in Nigeria, signaling a resolution of the dispute.

The assurance followed a meeting between President Bola Ahmed Tinubu and Mohamed bin Zayed, president of the United Arab Emirates.

But since the meeting and the federal government’s announcement, Emirates has yet to begin scheduled flight operations.

In April, Festus Keyamo, minister of aviation and aerospace development, said Emirates Airlines is prepared to resume flight operations to Nigeria.

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Lagos state government designates 5 operational parks for trucks in Lekki-Epe corridor ahead of e-call up system launch

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The Lagos State Government has designated five operational parks for trucks in the Lekki-Epe corridor in anticipation of the e-call-up system’s launch on August 1, 2024.

This strategic initiative aims to regulate truck movements and prevent the traffic congestion previously seen at Apapa and Tin Can Ports.

According to Lagos State Commissioner for Transportation Oluwaseun Osiyemi, the designated parks for articulated trucks in the Lekki-Epe corridor are Hog Marketing Limited in Okorisan, Epe; Nilmage Two4Seven in Poka, Epe; Goldspeed Freight Agency Ltd. opposite Dangote Refinery on Lekki Coastal Road; Diamond Star Ports and Terminal Ltd. in Abule Panu, Lekki-Epe; and Tal Concept Ltd. at HFP Brick Industry on Lekki-Epe Expressway.

“Five operational parks for trucks: Hog Marketing Limited (Okorisan, Epe), Nilmage two4seven (Poka, Epe), Goldspeed Freight Agency Ltd (Opp. Dangote Refinery, Lekki Coastal Road), Diamond Star Ports and Terminal Ltd. (Abule Panu, Lekki-Epe), Tal Concept Ltd (HFP Brick Industry, Lekki-Epe Expressway),” the statement read in part.

Furthermore, the Lagos State Government has mandated that all articulated trucks operating in the corridor must be equipped with Radio Frequency Identification (RFID) tags. This requirement aims to streamline and automate the management and tracking of truck movements once the system goes live next month.

Additional initiatives in the implementation plan include the separation of wet and dry cargo and the deployment of vehicle inspection services at parks for vehicle certification.

These measures are designed to eliminate traffic congestion, address environmental concerns, and reduce accidents caused by trucks along the corridor. They will also help manage the increased activity expected from the Dangote Refinery, Lekki Port, and other entities.

The Lagos State Government provided additional details on the e-call up system, clarifying that it will officially launch on August 1, 2024, through the platform mycallup.com, with full enforcement beginning on August 7, 2024.

Compliance with this system is mandatory, and trucks that fail to comply will be impounded to ensure strict adherence to the new regulations.

The government emphasized the necessity of cooperation from all stakeholders for the success of this initiative. This includes truckers, organizations, security agents, and local communities, all of whom must work together to prevent a recurrence of the severe traffic congestion and logistical issues previously experienced at Apapa and Tin Can Ports.

The active participation and commitment of these groups will be instrumental in ensuring a smoother and more efficient transportation process along the Lekki-Epe corridor.

The state government emphasizes that by adhering to these regulations and fully cooperating, stakeholders can contribute to a more organized, safer, and environmentally friendly transport environment in Lagos.

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Nigeria’s inflation rate increases to 34.19% amid rising food prices

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Nigeria’s inflation rate rose to 34.19 percent in June 2024 — up from 33.95 percent in May.

The data is captured in the National Bureau of Statistics (NBS) in its consumer price index (CPI) report for June, released on Monday.

The CPI measures the rate of change in prices of goods and services.

According to the bureau, food inflation also surged to 40.87 percent in the month under review as prices of food and non-alcoholic beverages continued to surge.

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