ABIA STATE GOVERNOR, HAS APPROVED 100 HECTARES OF LAND WITHIN THE ABIA AIRPORT PROJECT SITE FOR THE NIGERIAN AIR FORCE TO BUILD ITS TRAINING BASE IN ABIA STATE.(PHOTO).

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 Abia State Governor, Dr Alex Otti, OFR, has approved 100 hectares of land within the Abia Airport Project Site for the Nigerian Air Force to build its training base in Abia State. The Nigeria Air Force had requested an expansion of the 50 hectares of land already earmarked for its training base at the Abia Airport Project Site.  Governor Otti gave the approval on Tuesday, March 10th, in his office while receiving a delegation of the Nigeria Air Force (NAF), Ground Training Command led by the Commander, Air Vice Marshal Adebayo Gabriel Kehinde, who called on him. "The partnership is such that Abia State Government is handling the runway, and the Federal Government is handling the Airport Terminal.  "We expect the runway to be ready very soon. And the Airport Terminal can come in as time goes on.  "I want to thank the Nigerian Air Force, for the approval to set up a base in Abia, and of course, to further set up a training ground at the Abia Airport Project Site, whic...
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TESLA ROLLS OUT LOWER-PRICED VERSIONS OF TWO EVS TO REGAIN MARKET SHARE DURING CHALLENGING YEAR. (PHOTO).

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 Tesla rolls out lower-priced versions of two EVs to regain market share during challenging year

Tesla introduced lower-priced versions of two of its electric vehicles on Tuesday, aiming to boost sales amid a challenging year, but the move failed to reassure investors, and the company’s stock dropped sharply.

The new Model Y, priced just under $40,000 with a simplified interior, arrives as Tesla contends with an aging lineup, growing competition from foreign EV makers, and backlash tied to Elon Musk. Tesla also launched a more affordable Model 3 for under $37,000, which drops below $35,000 for New York buyers after state rebates. Analysts noted that the new offerings are far from the $25,000 vehicle Tesla once promised and may struggle to drive significant sales, especially following the expiration of the $7,500 federal EV tax credit.

The stock market responded cautiously: Tesla shares fell 4.5% to $443.09 on Tuesday, after gaining more than 5% the previous day in anticipation of the announcement. Edmunds analyst Ivan Drury said, “Investors were looking for something truly different, not an iteration of an old product. I can’t imagine this will bring levels back to what they want.”

Compared to previous versions, the new Model Y has a shorter 321-mile driving range, fewer audio speakers, a fabric interior rather than microsuede, no panoramic glass roof, and lacks a second-row touchscreen. The new Model 3 also trims its driving range, ambient lighting, and other features. Both models face stiff competition around the $40,000 price point from the Ford Mustang Mach-E, Chevrolet Equinox EV, and Hyundai Ioniq 5.

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