Blog

Nissan names Ivan Espinosa CEO after weeks of uncertainty
News

Nissan names Ivan Espinosa CEO after weeks of uncertainty

Nissan has appointed Ivan Espinosa as its new Chief Executive Officer, the company announced Tuesday, ending weeks of speculation over who would succeed Makoto Uchida. Espinosa, currently Nissan’s Chief Planning Officer, will assume leadership on April 1. The decision follows mounting pressure on Uchida to step down amid a worsening financial performance at Japan’s third-largest […]

Air India flight returns to Chicago after toilet blockage
Aviation

Air India flight returns to Chicago after toilet blockage

An Air India flight from Chicago to New Delhi was forced to turn back mid-journey last Wednesday after multiple lavatories became clogged with foreign objects, causing discomfort to passengers. Flight AI126, a Boeing 777-300ER, had been in the air for five hours when the decision was made to return to Chicago, according to flight tracking […]

Chinese Xpeng eyes massive investment in humanoid robots
Tech

Chinese Xpeng eyes massive investment in humanoid robots

Chinese electric vehicle manufacturer Xpeng is positioning humanoid robots as a long-term strategic project, with potential investments reaching up to 100 billion yuan ($13.8 billion), CEO He Xiaopeng revealed during the annual parliamentary session, Reuters reported. He stated that while the company’s current investment remains conservative, Xpeng is prepared to significantly scale up its funding […]

Nigeria’s car imports decline amid economic pressures
News

Nigeria’s car imports decline amid economic pressures

Nigeria saw a significant drop in passenger car imports in 2024 as rising inflation and the sharp depreciation of the naira drove up the cost of foreign exchange, making vehicle imports more expensive. According to the latest foreign trade report from the National Bureau of Statistics, the total value of passenger car imports declined by […]

Maritime

Stakeholders slam CMA CGM’s sudden tariff hike

Stakeholders in Nigeria’s maritime and trade sector have raised concerns over CMA CGM’s recent hike in local shipping charges, calling it a “rude shock” with serious economic implications. CMA CGM, French shipping giant announced the new rates in a statement, effective March 10 2025, following the Nigerian Ports Authority’s 15 per cent increase in port […]

Tech

Nigeria leads Africa in fintech, financial services – Minister

The Foreign Affairs Minister, Amb. Yusuf Tuggar has stated that Nigeria plays a leading role in Africa’s fintech and financial services sector, driving job creation across the continent. During a visit to Moniepoint Inc.’s UK offices, Tuggar highlighted Nigeria’s industry leadership and stressed the need to boost confidence in Nigerian businesses as they expand globally. […]

Business

Man Utd unveils plans for UK’s largest stadium despite £1bn debt

Manchester United has unveiled plans for a new 100,000-seat stadium, set to become the largest in the UK, surpassing Wembley Stadium’s 90,000 capacity. The proposed £2 billion project, designed by Foster + Partners, aims to replace the historic Old Trafford, which has been the club’s home for 115 years. Manchester United made the announcement after […]

Meta tests in-house AI chip to reduce reliance on Nvidia
News

Meta tests in-house AI chip to reduce reliance on Nvidia

Meta, the parent company of Facebook, Instagram, and WhatsApp, has begun testing its first in-house chip for training artificial intelligence systems, marking a key milestone in its strategy to design custom silicon and reduce dependence on external suppliers like Nvidia. The social media giant has initiated a small-scale deployment of the chip and plans to […]

FG assures completion of Umuahia-Aba expressway by June 2025
News

FG assures completion of Umuahia-Aba expressway by June 2025

The Federal Government has reaffirmed its commitment to completing the rehabilitation and reconstruction of the 56.10-kilometre Section II (Umuahia–Aba) of the Enugu-Port Harcourt Expressway by June 2025. Minister of Works, Chief David Umahi, gave this assurance on Monday during an inspection of the project in Aba, Abia State, as reported by the News Agency of […]

News

Reps urge NCC to block pornographic websites nationwide

The House of Representatives has urged the Nigerian Communications Commission to direct Internet Service Providers to block access to websites hosting obscene and pornographic content. The call followed the adoption of a motion by Dalhatu Tafoki (APC-Katsina) during plenary on Tuesday in Abuja. While presenting the motion, Mr. Tafoki stated that cyber pornography is rapidly […]

News

China, India emerge as Nigeria’s largest import partners

China and India have solidified their positions as Nigeria’s largest sources of imports, accounting for a combined total of N20.31 trillion in 2024, according to the latest trade report from the National Bureau of Statistics. The report indicates that China led the import chart with goods valued at N14.14 trillion, while India followed with N6.17 […]

Airtel Africa swings to $661m pre-tax profit in FY2025
News

Airtel partners SpaceX for Starlink internet service in India

Telecommunications giant Airtel announced on Tuesday a partnership with SpaceX to introduce Starlink’s high-speed satellite internet services in India. This marks a significant step for Elon Musk’s company, which has been seeking entry into the world’s second-largest internet market for years. However, the agreement does not signify an immediate rollout. Airtel clarified that the launch […]