BMW says electric cars as profitable as petrol, diesel cars
05 September 2023 | 7:21 am
The German automaker is betting big on electric vehicles with its "Neue Klasse." The new generation of EVs will be available from 2025.
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6 Sep 2022
Nigeria has successfully secured the support from the World Bank with a commitment to help the country phase out petrol subsidies and meet up with its Energy Transition plan. This follows meetings between Nigeria’s Vice President and World Bank Group President David Malpass. Other meetings are currently underway with U.S. officials and development partners.
7 Oct 2022
We take a closer look at the petrol shortage hitting certain French service stations. We also hear about the options that US President Joe Biden is mulling in regard to OPEC+'s decision to cut oil supply. Plus, a small French town grapples with rising energy bills.
Battery electric vehicles have climbed to a record share of new car sales in the EU, albeit still a modest 12.1%. In the last quarter, alternatively-powered vehicles outsold petrol and diesel for the first time.
The Independent Petroleum Marketers Association of Nigeria has refuted claims it will embark on a shutdown of operations today as the NNPC and other regulatory bodies begin the enforcement of ₦195 per litre pump price of petrol.
The European Parliament has given a green light to a plan to halt sales of petrol and disel cars from 2035. It's a crucial part of the bloc's plan to become a "climate neutral" economy by 2050. Also in the show - US inflation remains hotter than expected, putting pressure on Federal Reserve policymakers, and Air India announces a record-breaking deal for 470 planes from Airbus and Boeing.
A curious koala wandered into a petrol station in South Australia on Saturday surprising staff members.
As Nigeria prepares to fully deregulate the downstream sector of the oil and gas industry by June, stakeholders in the sector say prices may go as high as 750 naira per litre.
Find these stories and much more when you grab a copy of The Guardian on Tuesday.
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
Shortly after Bola Ahmed Tinubu was sworn in as the 16th president of Nigeria, he stated in his inaugural speech that his government has no intention of continuing with the payment of fuel subsidies. His pronouncement immediately led to fuel scarcity, long queues, and chaos across the country.
The Lagos Chamber of Commerce and Industry says it is expedient for the Nigerian government to consolidate its commitment to the welfare of the masses through the provision of palliatives and interventions for critical industries.
The Nigerian National Petroleum Company says it will start paying in cash for petrol imports as it ends the direct sale direct purchase contracts with foreign refiners. Kola Karim, the CEO of Shoreline Group, joins CNBC Africa for this discussion.
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