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Tesla Recalls 9,136 Model X SUVs Over Roof Trim Defect

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Tesla is recalling 9,136 Model X sports utility vehicles (SUVs) due to a defect in the roof trim that could potentially separate, posing a significant road hazard and increasing the risk of a crash. The National Highway Traffic Safety Administration (NHTSA) issued a notice regarding this issue, highlighting the potential dangers associated with the cosmetic trim pieces on the roof.

According to a letter from the NHTSA dated August 20, the front and center roof cosmetic trim pieces on the affected Model X vehicles may have been adhered to the vehicle without the use of a primer. This critical step in the adhesion process ensures that the trim pieces remain securely attached to the vehicle over time. Without the primer, the trim could detach from the vehicle, creating a serious risk for both the driver and other road users.

The NHTSA’s safety recall report elaborated that if the trim’s adhesion to the vehicle surface is insufficient, the parts may separate over time. This separation could lead to debris on the road, increasing the likelihood of an accident. Such a defect is particularly concerning given the high speeds at which these vehicles often operate, which could exacerbate the consequences of such a failure.

Tesla will now undertake testing on the roof trim adhesion of the 9,136 affected vehicles to determine the extent of the issue. To date, the company has identified 40 warranty claims, 6 field reports, and 125 service reports in the U.S. that are related to or may be related to this condition. However, NHTSA added that Tesla has not reported any collisions, injuries, or deaths associated with this defect.

The recall underscores the importance of rigorous quality control and the potential safety implications of even minor oversights in the manufacturing process. In response to the recall, Tesla has assured vehicle owners that they will not bear any costs for the necessary repairs. “Tesla service will test the roof trim adhesion and reattach the trim pieces as necessary, free of charge,” the NHTSA stated on Wednesday.

This recall is part of a broader trend for Tesla, which has been facing increasing scrutiny over the safety of its vehicles. In the first six months of the year, the electric vehicle (EV) manufacturer recalled nearly 2.6 million vehicles due to various safety concerns, making it the second-highest automaker in terms of recalls, only behind Ford Motor, which recalled approximately 3.6 million vehicles in the U.S. during the same period, according to data from recall management platform developer Bizzycar.

The recall letter from NHTSA reiterated that Tesla will carry out the necessary tests and repairs at no cost to the owners, ensuring that the roof trim pieces are securely attached. This proactive measure aims to prevent potential accidents and maintain Tesla’s commitment to safety in its vehicle fleet.

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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