FEC Approves N1.9bn for 33 CNG Vehicles, $1.442m Worth Arms, Ammunition for NDLEA

FEC Approves N1.9bn for 33 CNG Vehicles, $1.442m Worth Arms, Ammunition for NDLEA

FEC Meeting Presided Over by President Bola Tinubu FEC Approves N1.9bn for 33 CNG Vehicles, $1.442m Worth Arms, Ammunition for NDLEA The Federal Executive Council (FEC) has approved $1.442 million for the procurement of arms, ammunition and equipment for the National Drug Law Enforcement Agency (NDLEA) to boost its anti-narcotics operations. The Attorney-General of the Federation and Minister of Justice, Dr Lateef Fagbemi, who disclosed this while briefing journalists at the State House, Abuja,...
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China and Poland agree to boost cooperation on electric vehicles

China and Poland agree to boost cooperation on electric vehicles

China and Poland have agreed to cooperate on electric vehicles despite the European Union’s recent decision to raise tariffs on Chinese imports. “Both sides will support the growth of two-way investments in electric vehicles, green development, logistics and other sectors,” a joint action plan for 2024-27 said. The document, which aims to “strengthen the comprehensive strategic partnership” between the two countries, was issued after Chinese President Xi Jinping met his Polish counterp...
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Room to grow and eyes on U.S. market in China’s electric vehicle capital

Room to grow and eyes on U.S. market in China’s electric vehicle capital

LIUZHOU, China — Liuzhou may be a small city by Chinese standards, but it’s a big player when it comes to the country’s thriving electric vehicle industry. The city of 4 million, a longtime center of car manufacturing in the southwestern region of Guangxi, brands itself as an EV capital — and for good reason. Last year, it produced half a million EVs of all kinds, with the capacity to make about three times that. Huge industrial growth aided by the government has raised concerns about Ch...
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EU probe into Chinese electric vehicle subsidies stirs debate over ‘unfair’ treatment

EU probe into Chinese electric vehicle subsidies stirs debate over ‘unfair’ treatment

The European Union’s decision to increase tariffs on Chinese electric vehicles has triggered a debate about whether the country is being unfairly singled out. China is not alone in subsidising its domestic industry, but critics say the scale of its subsidies sets it apart. However, one Chinese economist defended state support for EVs, saying Brussels has not understood the thinking behind them. Trade tensions between the two sides escalated this month after the EU announced punitive tariffs of...
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EU and China set for talks on planned electric vehicle tariffs

EU and China set for talks on planned electric vehicle tariffs

By Maria Martinez SHANGHAI (Reuters) -China and the European Union have agreed to start talks on the planned imposition of tariffs on Chinese-made electric vehicles (EVs) being imported into the European market, senior officials of both sides said on Saturday. Germany’s Economy Minister Robert Habeck said he had been informed by EU commissioner Valdis Dombrovskis that there would be concrete negotiations on tariffs with China. The confirmation came after China’s commerce ministry sai...
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FG Signs $3.5b Agreement with Afrexim to Promote Textile, Others

FG Signs $3.5b Agreement with Afrexim to Promote Textile, Others

Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite FG Signs $3.5b Agreement with Afrexim to Promote Textile, Others The Federal Government has announced a $3.5 billion agreement with the African Export–Import Bank (Afreximbank) to enhance the textile industry and promote the use of compressed natural gas (CNG) vehicles among other initiatives. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, disclosed in a statement on X recently. Uzoka-Anite said the deal was...
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FG signs $3.5b deal with Afrexim to promote textile, CNG vehicles

FG signs $3.5b deal with Afrexim to promote textile, CNG vehicles

The Federal Government has announced a $3.5 billion agreement with the African Export–Import Bank (Afreximbank) to enhance the textile industry and promote the use of compressed natural gas (CNG) vehicles among other initiatives. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, disclosed in a statement on X recently. Uzoka-Anite said the deal was signed with the international financial institution during 31st Afreximbank Annual Meeting in Nassau, The Bahamas. She stated that...
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Delta Electronics and Texas Instruments Unveil Joint Innovation Laboratory to Develop Advanced Power Systems for Electric Vehicles, Business News – AsiaOne

Delta Electronics and Texas Instruments Unveil Joint Innovation Laboratory to Develop Advanced Power Systems for Electric Vehicles, Business News – AsiaOne

, /PRNewswire/ — Delta, a global leader in power management and a provider of IoT-based smart green solutions, today announced the establishment of a joint innovation laboratory with Texas Instruments (TI), a global semiconductor leader. With TI’s innovative technologies and ample experience in digital control and gallium nitride (GaN) and Delta’s core competence in high-efficiency power electronics, the joint lab will not only deepen the long-term relationship between the two...
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Fisker files for bankruptcy protection, the second electric vehicle maker to do so in the past year

Fisker files for bankruptcy protection, the second electric vehicle maker to do so in the past year

By  MICHELLE CHAPMAN Updated : , ,   Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology. Fisker Group Inc. said in a filing with the U.S. Bankruptcy Court in Delaware that its estimated assets are between $500 million and $1 billion. It estimated liabilities are between $100 million and $500 million, with between 200 a...
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Creek Transitway partners Rivers on CNG infrastructure

Creek Transitway partners Rivers on CNG infrastructure

I n a significant move towards sustainable energy and reduced transportation costs, Creek Tran- sitway Ltd has signed a Memoran- dum of Agreement (MoA) with the Rivers State Government to establish Compressed Natural Gas (CNG) in- frastructure within the state. The signing ceremony took place at the office of the Attorney Gen- eral/Commissioner of Justice, marking a pivotal step in the state’s transition from petrol (PMS) and diesel to CNG for public transport operators. The signing of the MoA...
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