ANNIE ALLEN Kia Corporation has slammed the brakes on its high-tech ambitions, delaying its much-hyped software-defined vehicles (SDVs) to 2028, one year behind schedule, while unleashing a massive $28 billion investment surge in a desperate bid to catch up in the global tech race. The market reacted instantly. Kia’s shares plunged 5.5%, sharply underperforming the…
European and African oil markets are in turmoil. Physical crude prices are smashing records even after a U.S.-Iran ceasefire sent futures tumbling below $100 a barrel. North Sea Forties crude surged to an all-time high of $146.43 a barrel on Thursday, as Asian and European refiners scramble for supply outside the Middle East. Traders warn…
ROTIMI ASHER Carloha Nigeria, the sole distributor and assembler of Chery vehicles in the country, has taken an innovative step toward staff development with the staging of its Emerging Leaders Football Tournament in Lagos. The initiative, which blends sportsmanship with corporate strategy, is designed to identify, nurture, and prepare future leaders within the organisation. This…
Brace for traffic turbulence as the Lagos State Government rolls out sweeping road restrictions across major corridors, setting the stage for a high-stakes commissioning of landmark infrastructure projects on April 8 and 9, 2026. In a move that is set to test motorists’ patience, the Lagos State Ministry of Transportation confirmed that strategic routes in…
