Sales of BMW and mini battery electric vehicles (BEVs) more than doubled year-on-year and reached 215,755 units in 2022, the BMW Group said on Tuesday. “We are confident we can build on this success in 2023. “This is as we continue to see high order intake for our fully-electric models,” BMW AG Board member, Pieter […]
The World Bank (WB) has cut the global growth forecast for 2023 by 1.2 per cent from 2.9 per cent, warning the world is at risk of a recession. The global financial institution cited a combination of factors for lowering its estimate. The factors are high inflation, rising interest rates and lower investment Other factors […]
The Financial Conduct Authority (FCA), a British financial watchdog, has fined a subsidiary of Nigeria’s Guaranty Trust Bank £7.6 million ($9.3 million) over allegations of money laundering. The FCA announced the fine in a statement, reported by Reuters on Tuesday. It stated that it imposed the fine due to failures in GTBank’s anti-money laundering systems […]
The Federal Government has earmarked N3.25 billion for the first phase of three industrial parks being planned across the country. Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Prof. Mohammad Haruna, announced this when he visited the Commandant of the Nigerian Air Force Institute of Technology (NAFIT) in Kaduna on […]
Prof. Mahmood Yakubu, the INEC Chairman, says the commission may cancel or postpone the coming elections if the current insecurity across the country fails to improve. Yakubu made the declaration at the validation of election security training resources in Abuja on Monday. Abdullahi Zuru, the Chairman of the Board of the Electoral Institute represented the […]
A Dei-Dei Grade I Area Court in Abuja, on Tuesday, ordered a 28-year-old labourer, Mohammed Musa, to sweep the community police station for six months for stealing N50,000 from his neighbour’s bank account. Musa, who lives in Kubwa, Abuja pleaded guilty to cheating and theft and begged the court for leniency. The Judge, Saminu Suleiman, […]
Libya’s Interior Ministry has launched the first phase of a state plan to beef up the security in the capital Tripoli amid the political division and chaos in the North African country. “We are determined to raise the level of security performance according to a scientific strategy. “This is to reach the highest security objectives […]
A Japanese Maritime Self-Defence Force (MSDF) destroyer ran aground in waters off the western prefecture of Yamaguchi, local media cited the Japan Coast Guard and the Ministry of Defence as saying on Tuesday. According to the reports, the Inazuma destroyer is leaking oil following the vessel apparently hitting some rocks on the seabed. The crew […]
Somali officials declared that Al-Shabaab jihadists seek negotiations amid mass offensives against them by the government. According to the country’s Deputy Defence Minister, talks are only possible with Somali militants but not with foreigners. The U.S. has donated $9 million worth of arms and military equipment to Somali government forces, local media has reported. U.S. […]
The Presidential candidate of APC, Asiwaju Bola Tinubu, has promised that his administration would banish hunger if elected as president in next month’s general election. Tinubu made the pledge at the Presidential campaign rally, on Monday in Yola, Adamawa State. `Whatever they did in Poverty Development Party; you know their name, we will replace them […]