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Nissan Collaborates With Honda To Research On Next- Generation Software Platform

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Japanese automakers Nissan Motor and Honda Motor agreed to conduct joint research into technologies for a next-generation software platform, they said in a joint statement on Thursday.

The companies also signed a memorandum of understanding to deepen the strategic partnership they announced in March, pledging to cooperate in areas such as batteries, e-axles and vehicle complementation.

The automakers signed another memorandum of understanding with Mitsubishi Motors, which is 34 per cent owned by Nissan, to discuss a framework to collaborate on vehicle electrification based on Honda’s and Nissan’s agreement from March, they said in a separate statement.

Nissan and Honda aim to conduct the basic research into technologies for the next-generation software platform in about a year, they said in their joint statement.

The push comes as both companies, Japan’s third and second biggest automakers after Toyota, still have to significantly step up electric-vehicle sales and have been losing share in key market China where both have made large investments.

Nissan and Honda will seek to standardize the specifications of EV battery cell modules from a mid- to long-term perspective, aiming to make it possible to use the batteries they plan to procure in vehicles from both companies, they said.

 

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Abuja Reports

Abuja: Tinubu, Akpabio Lead Talks on Real Estate Reform

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By Ekaete Bassey

President Bola Ahmed Tinubu and Senate President Godswill Akpabio are billed to headline the 55th Annual National Conference and Annual General Meeting of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), in Abuja.

The week-long event, themed “Transform, Invest, Thrive: Optimising Real Estate Finance and Taxation,” will run from May 5 to 10 at the Abuja Continental Hotel.

A statement by NIESV’s National Publicity Secretary, ESV Richard Olodu, confirmed Tinubu will serve as the special guest of honour, while Akpabio will attend as guest of honour.

The conference aims to chart a transformative path for real estate development through deeper fiscal reforms and investment strategies.

Also expected at the high-powered gathering are Minister of the Federal Capital Territory, Nyesom Wike; Minister of Housing, Ahmed Dangiwa; and Minister of Finance, Wale Edun.

Chairman of the Federal Inland Revenue Service and Presidential Adviser on Revenue, Dr. Zacch Adedeji, will deliver the keynote address, expected to dissect current tax policies and their impact on property financing.

NIESV President, ESV Victor Adekunle Alonge, has extended an open invitation to estate professionals, public sector leaders, investors and diaspora stakeholders to partake in what he described as a defining moment for Nigeria’s real estate sector.

The conference is projected to offer insights capable of unlocking economic growth, with real estate positioned as a strategic anchor.

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Business

Jubilation as MTN, Kogi End Tax Row

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By Adenike Lawal

Full telecom services have returned across Kogi State following the resolution of a prolonged dispute between MTN Nigeria and the Kogi State Government.

The disagreement, which had forced a shutdown of several network masts, disrupted connectivity for weeks, leaving businesses and residents frustrated.

Traders and digital service users, particularly in Lokoja, were hit hard by the blackout.

Gbenga Adebayo, Chairman of the Association of Licensed Telecoms Operators of Nigeria, confirmed that the matter has been amicably settled and that service providers can now operate without hindrance.

The shutdown stemmed from claims by the Kogi State Utility Infrastructure Management and Compliance Agency that MTN failed to meet regulatory requirements and had outstanding taxes related to its fibre optic network.

With the standoff now resolved, both parties have agreed to a compliance framework to avert future service interruptions.

The resolution has brought much-needed relief to thousands who rely daily on digital access for communication and business.

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Business

Nigeria’s Cotton Industry Set to Reap $90bn by 2035

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By Ifeoluwa Odunayo

Nigeria’s cotton industry is poised for a major resurgence following the approval of the Cotton, Textile, and Garment Development Board (CTGDB) by the National Economic Council (NEC).

The initiative, a key part of the government’s economic strategy, is expected to generate up to $90 billion by 2035.

Funded through the Textile Import Levy from the Nigeria Customs Service, the CTGDB will be based in the Presidency.

While Nigeria has the potential to grow cotton in 34 states, current production remains low at just 13,000 metric tons annually.

The new plan aims to revive the industry, reduce textile imports, and create jobs, marking a significant step towards economic diversification.

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