WIKE TAKING LOANS FOR FCT WITHOUT NATIONAL ASSEMBLY APPROVAL – KINGIBE ALLEGES. (PHOTO).

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Wike taking loans for FCT without National Assembly approval – Kingibe alleges The senator representing the Federal Capital Territory, FCT, Ireti Kingibe, has alleged that the FCT Minister, Nyesom Wike, has been taking loans for the nation’s capital without the approval of the National Assembly. Kingibe made the allegation on Tuesday during an interview. She was discussing the FCT administration, the Abuja master plan and the oversight responsibilities of the National Assembly. According to her, records from the Debt Management Office, DMO, indicated that loans had been taken for the FCT between August 2023 and March 2026, despite Wike not appearing before the Senate to seek approval for such borrowing. “I am definitely saying Wike has been taking loans without the approval of the National Assembly. “I’m sorry to say, with all due respect to the Senate, of which I’m a member, we’re supposed to oversee him. “We’re supposed to approve, and I have brought to the attention of the leadershi...
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HONDA CANCELS THREE PLANNED US EVS, CITES TARIFFS AND CHINESE COMPETITION. (PHOTO).

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Honda cancels three planned US EVs, cites tariffs and Chinese competition

Honda has announced it is canceling three electric vehicles it had planned for the U.S., citing trade tariffs and growing competition from Chinese EV makers.

The company said Thursday that tariffs imposed under President Donald Trump have hurt its gas and hybrid vehicle sales, creating a “very challenging earnings situation” for its overall U.S. operations. Combined with slowing growth in the American market and difficulty responding quickly to Chinese competitors, Honda decided to scrap the Honda 0 SUV and 0 Saloon, first unveiled at the 2025 Consumer Electronics Show, as well as the electric Acura RSX.

Honda said it will now focus on reallocating resources to strengthen its hybrid lineup in the U.S. market. The automaker warned that these moves could cost the company up to $15.7 billion. The decision adds Honda to a growing list of traditional automakers that have abandoned or delayed EV plans in the U.S. due to economic and competitive pressures.


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