Tesla’s European EV Sales Decline as Volkswagen, BMW, and Chinese Rivals Gain Ground

Tesla’s dominance in the European electric vehicle (EV) market took a hit in February, as new data from research platform JATO Dynamics—published by Reuters on Monday—revealed a sharp decline in the company’s sales. Tesla fell behind Volkswagen and the BMW Group in EV sales, while Chinese automakers collectively outperformed the American EV giant in the…

Visa Inc. to Establish Data Centre in Nigeria

In a significant boost to Nigeria’s digital economy, Visa Inc., the American multinational payment card services giant, has announced plans to set up a data centre infrastructure in the country. The development was revealed by Nigeria’s Vice President, Kashim Shettima, on his official X account, following a high-profile meeting at the Presidential Villa in Abuja….

Dangote Refinery Halts Petrol Sales in Naira, Outlines Conditions for Resumption

Nigerians could soon face a surge in the prices of premium energy products like diesel and petrol as the Dangote Petroleum Refinery temporarily suspends sales in Naira. In a statement on Wednesday, the $20 billion refinery—located in Lagos—explained that the move was necessary to avoid financial misalignment. “This decision is necessary to avoid a mismatch…

EU Pledges €46 Million to Strengthen Nigeria’s Social Protection System

In a significant boost to Nigeria’s social welfare framework, the European Union (EU) has committed €46 million to support the country’s social protection initiatives. The newly launched program, titled “Sustainable Social Protection System in Nigeria” (SUSI), was officially unveiled at the United Nations House in Abuja. This initiative represents a major step toward strengthening Nigeria’s…

OKX Expands Institutional Offerings in Europe with MiFID II License

Cryptocurrency exchange OKX is gearing up to enhance its institutional services across Europe after securing a Markets in Financial Instruments Directive (MiFID II) license. This milestone follows OKX’s acquisition of a Malta-licensed firm that holds the coveted MiFID II authorization, further solidifying the company’s regulatory compliance within the European market. According to the announcement, the…

Elon Musk Claims X Was Hit by a Massive Cyberattack

X (formerly Twitter) experienced a major cyberattack on Monday, causing multiple outages throughout the day. Elon Musk, the platform’s owner, hinted that a well-organized group or even a nation-state might be behind the attack, marking one of the most serious incidents the platform has faced. According to Downdetector, X faced three significant outages on Monday,…