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Tesla Faces Losing Billions After Trump-Musk Fallout

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⚡ TESLA FACES LOSING BILLIONS AFTER TRUMP-MUSK FALLOUT By Egin Ibi Auto News Desk | July 22, 2025 In a dramatic turn of events that could shake up the electric vehicle (EV) industry, Tesla Inc. is facing the risk of losing billions of dollars in market value after a sudden and unexpected fallout between former U.S. President Donald Trump and Tesla CEO Elon Musk. The once-amicable relationship between the two billionaires took a sharp nosedive after what insiders described as a “heated disagreement” over policy promises, factory incentives, and political endorsements. According to reports, Musk, who had maintained a pragmatic approach in engaging both Democratic and Republican leaders for Tesla's business interests, is now finding himself at odds with Trump's increasingly nationalistic and oil-favored agenda. ๐Ÿšจ The Fallout: What Went Wrong? Sources close to both camps allege that the fallout was triggered by a closed-door conversation, where Trump criticized Musk's o...

By-election: Parties pick candidates in Edo, Oyo, Zamfara.

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By-election: Parties pick candidates in Edo, Oyo, Zamfara. Reported by: Osagie Otabor, Akure. The major political parties have elected their candidates for the by-election in Edo, Oyo, and Zamfara states on August 16. In Edo State, the Labour Party (LP) elected Paul Okojie as its candidate to fill the vacant Edo Central Senatorial District seat in the National Assembly. Okojie was affirmed as the party’s candidate in a voice vote by the party’s delegates. The seat was previously occupied by Governor Monday Okpebholo. Also in Edo State, the Peoples Democratic Party (PDP) has elected a former Commissioner for Agriculture, Mr. Joe Okojie, as its candidate for the by-election. A statement yesterday in Benin, the state capital, by the party’s Caretaker Committee’s Publicity Secretary, Mr. Chris Nehikhare, announced Okojie’s election. The PDP has picked Mr. Johnny Ikponmwosa Aikpitanyin as its candidate for Ovia Federal Constituency, while the All Progressives Congress (APC) elected Omosede ...

UBEC CASH NOT WELL UTILIZED

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States fail to utilise accessed N250 billion UBEC cash!!!! by Frank Ikpefan, Abuja N92b were shared between January and June. State governments have retained N250 billion Universal Basic Education Commission (UBEC) funds they accessed instead of utilising the resources to develop basic education. Executive Secretary Dr Aisha Garba disclosed the twist to the UBEC arrangement yesterday at a financial management training programme in Abuja. The most common issue with the UBEC fund was the failure of states to provide counterpart funding to enable them to access it. Dr. Garba, represented by Deputy Executive Secretary (Technical), Razaq Akinyemi, said: “The basic challenge remains not only accessing the remaining UBE Intervention Fund, but importantly, the slow utilisation of the Fund with over N250 billion still being retained as unutilised in the coffers of the 36 SUBEBS & FCT-UBEB as at today.” UBEC is funded as a first-line charge from the collectable education tax and other sour...

ADELEKE NOT GOING TO APC - REMAINS IN PDP - TINUBU IS FROM OSUN!!!

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COMMUNIQUE ISSUED AT THE END OF OSUN STATE PDP LEADERSHIP CAUCUS MEETING HELD AT THE GOVERNMENT HOUSE, OSOGBO TODAY JULY 21, 2025 Following extensive consultations, debates, surveys, opinion sampling from traditional rulers, community leaders, civil servants, retirees, religious leaders, market men and women, interactions with members of the PDP and the general public across major towns and villages in Osun State, on issues pertaining to recent political developments in the state, the Leadership Caucus of Osun PDP hereby reviewed as follows: A. That all politics is local, and as such, the feelings and aspirations of voters and party members are critical to decisions on party affiliations; B. That the majority of the members of the APC in Osun State are opposed to the idea of the defection of Governor Adeleke to the APC, which did not originate from the governor in the first instance. Some APC leaders based on entrenched interests have demonstrated hostility and resentment towards Go...

Drama as security bars Natasha from entering N’Assembly

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  There was drama at the entrance of the National Assembly complex in Abuja on Tuesday as security operatives barred suspended Kogi Central lawmaker, Senator Natasha Akpoti-Uduaghan, from gaining access to the premises. The senator arrived at the gate accompanied by activist Aisha Yesufu, rights advocate Mama P, activist Randy, and a crowd of supporters, but was denied entry by security officials. Yesufu, in a bid to intervene, confronted the officers stationed at the gate and challenged the order allegedly issued to block Natasha’s entry. “National Assembly is meant to be for everyone. Why are you stopping us? “We are not abiding doesn’t mean we are cowards,” she said. The standoff quickly escalated as some supporters began chanting “Push!” while attempting to force their way in. Natasha’s supporters were later seen marching toward the complex. Speaking to journalists after being denied access to the Senate chambers, Akpoti-Uduaghan expressed deep frustration with the Senate leade...

2024 Geely Galaxy L7 PHEV: The Plug-In SUV Nigeria’s Been Waiting For

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By: Egin Ibi Motors | Posted July 22, 2025 With fuel prices on the rise and hybrid technology becoming the new standard, Nigeria’s car market is witnessing a silent revolution — and leading the charge is the 2024 Geely Galaxy L7 Plug-in Hybrid (PHEV) . This isn’t just another compact SUV. It’s China’s smart response to Toyota, Tesla, and BMW — all in one bold package . ๐Ÿ”‹ What’s Under the Hood? The Galaxy L7 combines a 1.5-liter turbocharged petrol engine with a high-output electric motor. This hybrid system delivers a jaw-dropping 390hp , sending the SUV from 0 to 100km/h in just 6.9 seconds — sports car numbers in a family-friendly body. Fuel Efficiency : Just 4.2L/100km Electric Range : 150km (perfect for daily commutes) Total Range : Over 1,300km (ideal for long-distance road trips) Charging : Fast-charging capable, with 0–80% charge in under 30 mins Whether you're cruising in Abuja, navigating Lagos traffic, or heading to Benin for the weekend, this SUV w...

2020 Toyota Avalon 2.0L (China-Built): The Executive Sedan Redefined

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Posted on July 22, 2025 by Egin Ibi Motors If you're searching for a car that screams class, comfort, and efficiency without screaming cost , the 2020 Toyota Avalon 2.0L (China-assembled) might just be the perfect find. This under-the-radar sedan is turning heads in Nigeria — and for good reason. At a time when fuel prices are unpredictable and executive cars seem reserved only for the elite, the Avalon 2.0L proves you can drive a premium ride without emptying your pockets. ๐Ÿš— What Makes the 2020 Avalon Stand Out? Though it wears the Toyota badge proudly, this version of the Avalon isn’t built in Japan or the US. Instead, it’s assembled in China , blending Japanese engineering with affordable manufacturing — a win-win for Nigerian buyers seeking value and luxury . ⚙️ Under the Hood: Efficient Power Meets Smooth Performance The Avalon comes with a reliable 2.0-liter 4-cylinder engine — often called the “4-plug” version by local dealers. It delivers around 170hp , paired w...

First Drive Review: The All-New 2025 MG RX9 Stuns With Bold Luxury, Power, and Price

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July 22, 2025 — By Global Auto Reports Desk MG is back with a bang — and the 2025 RX9 is proof. The newly launched MG RX9, a bold flagship SUV from the British-born, Chinese-backed automaker, has hit the global market with an impressive combination of cutting-edge design, muscular performance, and refined luxury , making it MG’s most ambitious vehicle yet. From its aggressive front grille to its sleek, coupe-like silhouette, the RX9 is not just an SUV — it's a statement . And with a well-balanced blend of technology and power, MG is clearly aiming to challenge the likes of Toyota Fortuner, Ford Everest, and even premium European rivals in select markets. Design: MG’s Boldest SUV Yet The 2025 MG RX9 boasts a commanding road presence. A massive front grille bordered by LED matrix headlights , bold air intakes, and muscular haunches make it look ready to charge. The SUV rides high on stylish 20-inch alloy wheels , and the sharp LED taillights at the rear give it a high-tech fi...

Wonder Car: Fuel Efficient, Cheap, and Reliable – A Close Look at the 2020 Toyota Corolla Hybrid (China Origin)

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July 22, 2025 — By Auto Review Desk, Global Auto News In a market where drivers are increasingly looking for cost-effective, eco-friendly, and dependable vehicles, the 2020 Toyota Corolla Hybrid —assembled in China—has quietly emerged as a "wonder car" that ticks all the right boxes. Fuel Efficiency That Impresses At the heart of the Corolla Hybrid’s appeal is its exceptional fuel economy . Powered by Toyota’s 1.8-liter Atkinson-cycle petrol engine mated to an electric motor, the hybrid setup delivers a combined fuel consumption as low as 4.0 liters per 100 kilometers (approximately 58 mpg ). Whether you’re cruising through city traffic or taking a highway trip, the Corolla Hybrid offers smooth acceleration and responsive handling without guzzling fuel. Affordability with No Compromise on Quality Manufactured in Toyota’s Chinese joint venture plant (GAC Toyota or FAW Toyota) , this 2020 model benefits from lower production costs—translating into significant savings for...

Elon Musk’s EV Giant Launches Model Y in Mumbai, But $70,000 Price Tag Sparks Debate

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Tesla Inc., the electric vehicle powerhouse led by Elon Musk, has officially launched its highly anticipated Model Y in Mumbai, marking a significant milestone in its expansion into the Indian automotive market. However, while the launch has generated excitement among EV enthusiasts, the hefty $70,000 (approx. ₹58 lakh) price tag may prove to be the biggest hurdle in driving widespread adoption. The Model Y, a compact electric SUV known for its sleek design, advanced autopilot features, and long-range capability of over 500 kilometers on a single charge, was unveiled in a high-profile event attended by tech leaders, auto dealers, and green mobility advocates. The vehicle promises zero-emissions performance, fast-charging capability, and seamless software updates—a hallmark of Tesla’s innovation. Despite its cutting-edge appeal, industry analysts say the Model Y’s premium pricing positions it firmly in the luxury segment, limiting its accessibility in a price-sensitive market like Ind...

Leon Zhan, China’s TIM Motors CEO wants to end foreign-used car dominance in Nigeria with budget friendly Vehicles

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CHINA TIM Motors CEO Leon Zhan Aims to End Tokunbo Dominance in Nigeria with Affordable Chinese Cars By [ IBI ], Lagos – July 21, 2025 Leon Zhan , the Chief Executive Officer of TIM Motors , has declared an ambitious plan to challenge Nigeria’s long-standing reliance on foreign-used vehicles—popularly known as Tokunbo —by offering brand-new, budget-friendly Chinese automobiles . “ We want to replace 10% to 20% of Nigerian used cars with Chinese new cars ,” Zhan said during an industry summit in Lagos, signaling a bold shift in strategy for Nigeria’s evolving automotive landscape. ๐Ÿš— TIM Motors' Strategy TIM Motors, a rising star in Nigeria’s automotive market, serves as the authorized distributor of three of China’s leading automotive brands: Geely Galaxy , MG , and Great Wall Motors . These brands offer stylish, technology-rich, yet affordable vehicles that are increasingly being embraced by cost-conscious African consumers seeking value without compromising reliability. ...

World’s largest electric vehicle-producing country (CHINA) set to establish an EV plant in Nigeria

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  ๐ŸŒ World’s Largest EV Producer (China) to Establish Electric Vehicle (EV) Plant in Nigeria By Our Reporter, Abuja – July 21, 2025 In a landmark development marking a new chapter in Sino-Nigerian industrial collaboration, China—the world’s largest electric vehicle manufacturer—is set to establish an EV manufacturing plant in Nigeria , aligning with Nigeria’s ambitions for economic diversification, local processing, and green technology adoption.( interfaceafrica.co.uk ) ๐Ÿ” What Was Announced Chinese Ambassador to Nigeria, H.E. Yu Dunhai , confirmed the initiative during a courtesy visit to Dr. Dele Alake , Nigeria’s Minister of Solid Minerals Development. The plant is planned under a broader policy to industrialize Nigeria using domestic mineral resources—especially lithium—critical for EV battery production.( Businessday NG ) Ambassador Dunhai reiterated that Chinese firms are already heavily involved in Nigeria’s mining sector , and the government seeks to deepen coll...

๐Ÿš— TIM Motors Targets Major Growth with Geely Galaxy, MG & Great Wall Motors in Nigeria

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  : ๐Ÿš— TIM Motors Targets Major Growth with Geely Galaxy, MG & Great Wall Motors in Nigeria By [IBI], Lagos – July 21, 2025 TIM Motors, a rapidly expanding auto company in Nigeria, is emerging as a powerhouse by pushing three top-tier Chinese auto brands— Geely Galaxy , MG , and Great Wall Motors —offering a compelling mix of affordability, advanced technology, and warranty-backed ownership. ๐Ÿ“ˆ Ambitious Market Vision Speaking at a strategic growth summit in Lagos, CEO Leon Zhan projected Nigeria’s annual new car market to expand to 50,000 units within three years , with TIM Motors aiming to capture 10–20% market share in that timeframe. To reach this goal, the company plans to replace a significant portion of the used-car segment—currently dominated by imports from North America (500–600 units monthly)—with transparent, factory-new Chinese vehicles backed by financing and after-sales support.( Vanguard News ) ๐Ÿ” Why the Focus on Chinese Brands? TIM Motors leverages the stren...