Federal safety officials are investigating Tesla’s Mad Max driving mode after concerns that the software lets vehicles speed and change lanes too aggressively. The National Highway Traffic Safety Administration asked the automaker for details about the feature, which appeared in a recent update to its Full Self-Driving system. The agency wants to know if Mad…
Nigeria’s finance minister swore in George Elombi as the fourth president of the African Export-Import Bank at a ceremony in Cairo on Saturday. Wale Edun told the incoming leader to build an integrated and prosperous continent through the institution’s work. Edun said the appointment marks a shift toward financial independence for African nations. He attended…
A former First Bank of Nigeria chief executive credited President Bola Tinubu’s administration with improving economic conditions despite remaining challenges. Adesola Adeduntan, a state broadcaster, told BCOS that professionals must recognize government achievements, even though work remains unfinished. The banking expert said growth rates have strengthened compared to earlier years. He expects citizens will notice…
A digital marketplace connecting Nigerian farmers with buyers has started operations to help producers sell crops before they spoil. Omoyele Omonira created Farmlinkup after recognizing that many growers lose money when perishable goods sit too long without reaching consumers. The service lets farmers photograph their products and post contact details so buyers can arrange deliveries….
Gbenga Komolafe received the CEO of the Year 2025 award from LEADERSHIP Newspaper for his work leading Nigeria’s upstream petroleum regulator. The West Africa Centre for Energy Policy and Reforms praised the selection on Friday, calling him one of Africa’s most effective energy officials. Kwabena Mensah-Ashitey, who directs the policy center, said Komolafe changed the…
Nigeria must develop lasting answers to its power shortage, energy industry leaders said after meeting in Abuja over the weekend. The Petroleum Training Institute hosted the gathering and released recommendations through its research director, Tina Isichie. The nation holds 207 trillion cubic feet of natural gas alongside petroleum deposits that could fuel growth if properly…
African tax officials have agreed to tighten enforcement of tax obligations for wealthy individuals as governments work to increase revenue collection across the continent. Representatives made the commitment at a three-day gathering in Entebbe, Uganda, that ended on Wednesday, October 23. The African Tax Administration Forum and the International Centre for Tax and Development hosted…
The Financial Action Task Force has removed South Africa from its greylist after the nation spent more than two years under watch for failing to meet global standards on preventing money laundering and terrorist financing. The watchdog added South Africa to the list in February 2023 and required the country to complete 22 urgent actions…
South Africa needs to increase climate funding by two to three times current levels to meet emissions targets under the Paris Agreement, Deputy Finance Minister David Masondo said on Friday. He spoke at the release of the 2025 Climate Finance Landscape Report, tracking money flows for 2022 and 2023. Annual climate spending averaged 188.3 billion…
MultiChoice will reduce decoder prices from Friday onward as part of efforts to revitalize its DStv satellite television service. New customers can purchase standalone high-definition equipment for 300 rand or pay 700 rand for units with professional setup through the company’s web store. Premium subscribers receive two extra streaming connections for November and December, raising…
