US Treasury Secretary Scott Bessent is set to speak Friday with Chinese Vice Premier He Lifeng, an official from President Donald Trump's administration told AFP -- as Washington works to rally allies to respond to Beijing's rare earth curbs.
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Electric cars took 89% of Norway market in 2024
Electric cars accounted for 89 percent of the new cars sold in Norway last year, a report said Thursday, pushing the country closer to reaching its goal of going fully electric by 2025. Despite being a major oil and gas producer, Norway aims for all new cars sold to be "zero emission" starting in 2025, which is 10 years ahead of the goal set by the European Union, of which Norway is not a member.
Naira gets new position as data shows worst-performing African currencies in 2024
The Nigerian currency, the naira, topped the list of worst-performing African currencies in 2024 as it depreciated by 40% to end the year at N1,542 per dollar.
Tinubu launches new company to crash food and drug prices, lists other benefits
President Bola Tinubu has revealed that the Nigerian government would launch a new company to reduce prices of food and essential medical supplies.
Sales surge in 2024 for Chinese EV giant BYD
Leading Chinese electric car maker BYD's vehicle sales surged in 2024, the company said in a statement, as the firm grows its overseas presence. BYD's figures come after global EV sales hit a record 1.8 million units in November, according to industry research company Rho Motion.
Asian stocks begin year on cautious note
Asian stocks began 2025 mostly in the red on Thursday after worries about US interest rates, tariffs, and China's economy gave Wall Street the holiday blues for a fourth straight session. But ahead of the New Year's Day holiday, US stocks sank Tuesday, although European equities advanced.
Asia stocks begin year on cautious note
Asian stocks began 2025 mostly in the red on Thursday after worries about US interest rates, tariffs and China's economy gave Wall Street the holiday blues for a fourth straight session. But ahead of the New Year's Day holiday, US stocks sank Tuesday, although European equities advanced.
Tinubu sends message to Nigerians on economic reforms, naira expected performance in 2025
President Bola Ahmed Tinubu has shared a message of hope to Nigerians and promised that the new year(2025) will usher in a period of economic recovery.
Nigerians react to proposed call, data tariff hikes by MTN, Airtel, others
Telecom subscribers under the umbrella of NATCOM have rejected the proposed hike in call and data tariffs. They described it insensitive and poorly timed.
2025 budget: New road projects, vehicles to cost N365 billion
The Federal ministry of works is proposing to spend N365 billion on new road projects in 2025. This includes N4 billion for the presidential helipad and jetty.
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