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Ford Motors Offer Free Home Chargers And Installations to EV Customers

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Ford motors is offering a free home charger and installation for EV buyers by the end of the year the company said on Monday. This incentive is part of the automaker Power Promise, a new program which is meant to make it easier for customers looking for a new vehicle to go electric.

In June the EV automaker announced that its electric vehicle sales increased 61% in the second quarter of 2023. though EVs are still a small share of total Ford sales. The automaker also recently announced that it planned to cancel some all-electric SUVs in order to focus on hybrids, but that it’s still focusing on rolling out affordable EV options.

Potential customers have misconceptions around how far away or accessible public charging infrastructure is, how long an EV’s battery might last, how convenient—or inconvenient—it is to drive an EV, and how difficult it is to charge at home.

For charging access, Ford found that in California, people assumed the average distance to a fast charger was 44 miles; in reality, the average distance is 18 miles. This is because though California has long led the country when it comes to EV charger access, but there are still gaps in the country’s charging network that leave some areas underserved.

Ford says those misconceptions stem from the fact that EVs require behavior changes and are just different than what customers are used to; they’re also not concerns shared by actual EV owners

To address those concerns, the automaker is launching its Ford Power Promise, a new program, the company said, “designed to give customers the confidence to start benefiting from electric vehicle ownership with less stress and more convenience.”

The first step is making sure EV customers can easily access home charging. Beginning October 1, Ford will offer a complementary home charger and standard installation to anyone who purchases or leases a Ford EV from a participating Ford dealer. That promotion goes from October 1 to January 2, 2025, but the company says there’s no cap to the number of chargers it will install during that time.

Those customers will get a level 2 Ford Charge Station Pro, which retails for $1,310. Standard installation includes up to a 60-amp circuit and up to 80 feet of wire. It does not include panel upgrades. (If your home already has a 240-volt outlet, basic EV charger installation can cost between $200 to $500, according to J.D Power, though wiring or panel upgrades can add about $1,000.) Ford is working with EV charger installer Qmerit for the installation process. For customers that rent in an apartment, already have a charger at home, or otherwise don’t qualify for this promotion, Ford dealers will offer them a cash equivalent of $2,000.

Ford is also highlighting three other perks for EV drivers: its BlueOval Charging Network, which includes more than 111,000 current chargers and access to thousands of Tesla Superchargers; the automaker’s eight year, 100,000-mile warranty for EV batteries (which is the federally mandated minimum); and 24/7 EV live support, through which EV drivers can text or call an advisor to get answers to questions about charging, software updates, and more.

While the battery warranty and the charging network aren’t new, Ford says it wants to ensure that customers know about them. “What we’ve learned is that a lot of electric vehicle buyers and owners are not aware of this [warranty] benefit,” said Becca Anderson, senior director of Ford Model E customer success. “So our goal is really around customer education and confidence.”

 

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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