Changes in U.S. Electric Vehicle (EV) Tax Credits Impact Multiple Models
The landscape of electric vehicle (EV) tax credits in the United States underwent a significant shift as new battery sourcing…
Day: January 2, 2024
Euro Zone Likely Entered Recession in 2023 as Factory Activity Contracts
Euro zone factories concluded 2023 with a contraction in activity for the 18th consecutive month, signaling a challenging economic environment…
SON Intensifies Fight Against Substandard Goods: A Commitment to Quality
The Standards Organisation of Nigeria (SON) is ramping up efforts in the battle against fake and substandard goods across the…
Pledge to Boost Agriculture and Trade for Economic Growth- Ekiti State’s Gov.
In a New Year statewide broadcast, Ekiti State Governor, Mr. Biodun Oyebanji, affirmed his administration’s commitment to partnering with the…
Niger State Governor Seals TGI’s Partnership Over Food Security
In a significant move to bolster food security and stimulate economic growth, Governor Mohammed Umaru Bago of Niger State has…
Assessing Nigeria’s Economic Performance in 2023: A Year of Challenges and Reforms
The Nigerian economy faced a challenging year in 2023, marked by a notable decline compared to the previous year. The…
Bitcoin Surges Above $45,000 in New Year Rally
Bitcoin made a strong start to the New Year by surpassing $45,000 on Tuesday, marking its highest point since April…
BYD Produced 3 Million New Energy Vehicles in 2023, Challenging Tesla’s Dominance
Chinese electric car giant BYD announced on Monday that it produced over 3 million new energy vehicles in 2023, setting…
Tensions in Red Sea Elevate Oil Prices in Iran
Oil prices surged on Tuesday as Iran deployed a warship to the Red Sea amidst ongoing tensions in this crucial…
Global Regulatory Landscape for Cryptocurrencies in 2023
In 2023, regulators worldwide, including those in Europe and Asia, intensified their efforts to establish formal laws governing digital currencies.…
“Tough Time Never Last”- Tinubu Addresses Nigeria’s Socio-economic Issues
During the New Year address delivered by the president, Bola Ahmed Tinubu, he identified six socio-economic challenges in Nigeria, reassuring…
Dangote Refinery Recieves Fourth Supply of Crude Oil
To enhance the commencement of Dangote Petroleum Refinery and petrochemicals, NNPC supplied one million barrels of crude to the refinery.…
Climate Tech: A Beacon of Job Opportunities in 2024
The year 2023 witnessed a wave of layoffs across the tech sector, leaving over 240,000 professionals jobless. However, amidst this…
President Tinubu Signs N28.78 Trillion Budget: Charting Priorities for 2024
On January 1, 2024, President Bola Tinubu signed the N28.78 trillion budget for the year, marking a pivotal moment in…
Nigerian Stock Market Projections for 2024: A Gradual Yet Promising Rally
The Nigerian stock market, which experienced a remarkable 45.90% return in 2023, is poised for continued growth in 2024, albeit…
Bitcoin Starts 2024 on a High, Surging Past $45,000 Amid ETF Optimism
Bitcoin, the world’s largest cryptocurrency, has begun the year 2024 with a remarkable surge, surpassing $45,000 for the first time…
Nigeria’s Finance Minister, Wale Edun, Outlines Strategy to Reduce Reliance on Borrowing for 2024 Budget Implementation
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has unveiled the government’s approach to finance the…
Naira Remains Near Lows on P2P Market as Dollar Inflows Remain Weak
The Nigerian Naira is struggling to gain strength against the US Dollar, particularly on the Peer-to-Peer (P2P) market, which is…
Nigeria to Launch Passport Application Automation, Review Immigration Policy
The Minister of Interior, Olubunmi Tunji-Ojo, has announced the commencement of the passport application automation process in Nigeria, scheduled to…
Proparco and 27four Invest R550 Million in Divercity to Expand Affordable Housing in South Africa
Proparco, in collaboration with South African investment manager 27four, has led a R550 million investment in Divercity Urban Property Group.…
Saudi Arabia’s Center3 Acquires CMC Networks for Regional Growth
Center3, a wholly owned subsidiary of Saudi Arabia’s stc Group, has finalized an agreement to acquire CMC Networks, a prominent…
Swedfund Invests USD 32 Million in Apis Growth Markets Fund III to Drive Digitalization and Innovation in Africa and Southeast Asia
Swedfund, Sweden’s development finance institution, has invested USD 32 million in Apis Growth Markets Fund III. The fund focuses on…
Ampersand Raises USD 19.5 Million for Electric Motorcycle Expansion in Africa
Ampersand, Africa’s pioneer in electric transport energy, has successfully raised $19.5 million in a funding round led by Ecosystem Integrity…
IFC Invests $50 Million in EMIF II Fund to Address Infrastructure Gaps in Asia and Africa
The International Finance Corporation (IFC), a member of the World Bank Group, has committed a $50 million equity investment in…