Elon Musk: Tesla Delivers Record Number Of Cars After Price Cuts
Electric carmaker Tesla says it delivered a record number of vehicles in the three months to the end of June, after cutting prices to boost sales. It has lowered prices in markets including the US, UK and China to compete with rival manufacturers. This weekend, major Chinese car makers also reported a surge in sales […]
Nigeria Naira Moves From Overvalued To Undervalued After Float – Bank Of America
Following the government’s long-awaited foreign exchange reform, the Nigerian naira has moved from being overvalued to being undervalued, according to analysts at US-based Bank of America, as reported by Businessday in a note sent to clients on June 28. “We now see a USDNGN fair value of 680 per USD (previously 580),” the analysts were […]
Sri Lanka: Five-day Bank Holiday For Domestic Debt Restructuring
Sri Lanka began a five-day bank holiday from Thursday to allow the crisis-hit nation to restructure $42bn (£33.2bn) in domestic debt. The country is facing its worst economic crisis since it won independence from the British in 1948. There are fears that the government’s restructuring plan could lead to volatility in financial markets. Debt restructuring […]
Elon Musk And Mark Zuckerberg Agree To Hold Cage Fight
Two of the world’s most high-profile technology billionaires – Elon Musk and Mark Zuckerberg – have agreed to fight each other in a cage match. Mr Musk posted a message on his social media platform Twitter that he was “up for a cage fight” with Mr Zuckerberg. Mr Zuckerberg, the boss of Facebook and Instagram […]
Tinubu Pledged To Prioritize The Health And Safety Of Nigerians
President Bola Ahmed Tinubu yesterday met with the chairman of Dangote Group, Aliko Dangote, and Bill Gates, co-founder of Microsoft, at the Aso Rock, Abuja assuring the visitors that his administration would prioritize the health and safety of Nigerians, recognizing the crucial role that a healthy workforce plays in national development. Tinubu commended Gates for […]
Binance Nigeria Limited Operation Is Illegal Says Binance CEO
Changpeng Zhao, the Chief Executive Officer of Binance, recently announced that Nigeria subsidiary of the global cryptocurrency exchange platform operation is illegal and a scam. Zhao made this known via his Twitter handle on Sunday, saying, “Binance Nigeria Limited a scam entity.” “Binance has issued cease & desist notice to the scammer entity “Binance Nigeria […]
US Moves To Block Microsoft’s Activision Takeover
Regulators in the US have asked a judge to block Microsoft from completing its $69bn (£56bn) purchase of Call of Duty publisher Activision Blizzard. The US Federal Trade Commission (FTC) said the deal, which would be the largest in the history of the video games industry, could “substantially lessen competition” in the sector. The move […]
Nigeria President Bans Binance Operations
A ban on operation has been placed on Binance Nigeria Limited’s by the President Bola Tinubu-led administration. The Securities and Exchange Commission (the Commission) announced the ban in a circular. The Commission claimed in the circular that Binance Nigeria Limited is neither registered or subject to regulation, making its operations in Nigeria illegal. The circular […]
Fuel Subsidy: Innoson Unveils Compressed Natural Gas Vehicles
As a result of the escalating cost of fuel, Innoson Vehicle Manufacturing (IVM), has unveiled mass-produced varieties of Compressed Natural Gas buses. In Nnewi, Anambra State, at the company’s factory, the CNG vehicles were on display. The vehicles include, trucks, minibuses, ambulances, long buses, and SUVs among others. Speaking at the unveiling, Dr. Innocent Chukwuma, […]
Apple Unveils A $3,500 Headset As It Wades Into The World Of Virtual Reality
Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter’s ability to popularize new-fangled devices after others failed to capture the public’s imagination. After years of speculation, Apple CEO Tim Cook hailed the arrival of the sleek goggles — dubbed “Vision […]
