German auto association predicts 50% rise in electric car production
The German auto industry association, Verband der Automobilindustrie, has projected that electric passenger car production in Germany, the largest economy in Europe, will surge by 50% to over a million…
G7 Nations to speed up renewable energy, phase out fossil fuel
The G7 nations have agreed to hasten the deployment of renewable energy and curtail natural gas consumption in a bid to accelerate the phasing out of fossil fuels, according to…
New Naira: Farmers beg FG for compensation over loss
The All Farmers Association of Nigeria has requested that the Federal Government provide compensation to farmers for the losses they incurred during the introduction of the Central Bank of Nigeria's…
Nigeria’s inflation rate hits 22% – NBS
The National Bureau of Statistics on Saturday revealed that the nation's inflation rate rose to 22.04% in March 2023. According to The PUNCH, the percentage is 13.4 percentage points…
China’s home prices hit highest in March
An official data released on Saturday showed that new home prices in China rose at the fastest pace in 21 months in March, indicating that the housing market is picking…
GDP growth in Sub-Saharan Africa to drop in 2023 – IMF
With a worldwide recovery, the International Monetary Fund has reported that growth in sub-Saharan Africa is anticipated to drop to 3.6 percent before bouncing back to 4.2 percent in 2024.…
G7 to finance climate action in developing countries
Japan's economy and trade minister, Yasutoshi Nishimura, on Saturday stated that members of the G7 must take action to help emerging countries reduce emissions, including financing decarbonisation in "hard-to-abate" industries.…
MTN, Apple Music offer free subscription to Nigerians
MTN Nigeria, the country's leading telecom services provider, has teamed with the US-based digital music platform, Apple Music, to provide free access to a premium selection of songs as part…
Bunmi Popoola-Mordi appointed Executive Director of TotalEnergies
TotalEnergies Marketing Nigeria Plc's Board of Directors has approved the appointment of Mrs Bunmi Popoola-Mordi to its Board of Directors as an Executive Director. This information was made available via the…
Redesigned e-dividend platform to launch July 31st – SEC
Nigeria's Securities and Exchange Commission announced the revised electronic Dividend Mandate Management System, which would go live on July 31st. This information was provided by the Director-General of the SEC,…
Germany narrowly escapes recession in Q1 2023 – Report
Germany's economy ministry on Friday published that the country is expected to narrowly escape recession and achieve modest growth in the first quarter of the year. According to the ministry's…
Tesla cuts EV prices in Europe, others
Tesla has reduced the prices of its electric vehicles in Europe, Israel, and Singapore, which has sparked concerns about its industry-leading profit margin. According to Reuters, the move is part…
