Tesla sales will grow by more than 50% in 2022 compared with last year despite supply chain problems, chief executive Elon Musk has said. The electric carmaker reported a record $5.5bn (£4bn) profit last year. Sales at the firm rocketed 71% to $53.8bn in 2021, as it delivered more than 936,000 vehicles to customers. But […]
The Chairman, China Africa Business Council (CABC), Chief Dana Chen, has announced that the Chinese government is planning to invest over $300 billion in the African continent over the next three years. According to her, the move is expected to increase the volume of trade between Africa and China from the current $30 billion. Chen […]
Nigeria lost N3 trillion to 2,845 fire outbreaks in 2021, Interior Minister Rauf Aregbesola has said. Aregbesola made this known on Wednesday while decorating the newly promoted Deputy Controllers-General (DCGs) of the Federal Fire Service (FFS). The minister also said that the FFS saved properties worth N18.9 trillion, 587 lives and rescued 260 persons from […]
North Korea fired two more ballistic missiles Thursday, according to South Korea, making January the busiest month ever for North Korean missile launches. South Korea’s military said the North launched what were presumed to be two short-range ballistic missiles toward the sea off its east coast around 8 a.m. local time. It said the missiles […]
South Korean battery maker LG Energy Solution has jumped in its stock market debut after becoming the country’s biggest ever share offering. The shares briefly doubled from their initial public offering (IPO) price before ending the day 65.8% higher. The company raised 12.8tn won (£7.9bn; $10.6bn) in the IPO earlier this month. Thursday’s strong performance […]
The National Primary Health Care Development Agency (NPHCDA) has integrated childhood vaccination at COVID-19 vaccination sites for children from 0-23 months. This is to ensure that preventable childhood diseases are not neglected in the face of the response against the COVID-19 pandemic. The Executive Director, NPHCDA, Dr Faisal Shuaib, disclosed this at the National COVID-19 […]
The International Monetary Fund (IMF) has urged El Salvador to reverse its decision to make Bitcoin legal tender. In September, El Salvador became the first country to allow consumers to use the cryptocurrency in all transactions, alongside the US dollar. The decision led to large-scale protests over fears it would bring instability and inflation to […]
Nigeria may have to continue to borrow due to the suspension of the removal of fuel subsidy, the Presidency said on Wednesday. The President’s Special Adviser on Media and Publicity, Femi Adesina, stated this during an interview on Channels Television’s breakfast programme, Sunrise Daily. “Head or tail, Nigeria will have to pay a price,” he […]
Manufacturers have seen their stocks of semiconductors plunge amid the global chip shortage, the US Department of Commerce has warned. A survey of more than 150 firms found supplies had fallen from an average of 40 days’ worth in 2019 to just five days in late 2021. Sales of devices soared during the pandemic, leaving […]
Action Against Hunger (AAH) Nigeria, an NGO, on Tuesday raised its concern over prevailing chronic and acute malnutrition in children in the North western zone of the country. Mr Rangaiya Kanaganathan, Head of Department, Water Sanitation and Hygiene (WASH), of the organisation, expressed the worry in an interview with the News Agency of Nigeria (NAN), […]