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Nissan Introduces Versa Note

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Nissan
  • Nissan Introduces Versa Note

Nissan is forging paths and spending on the sedan and subcompact categories. The company’s optimism in those segments comes at an interesting time.

The diminutive 2019 Nissan Versa Note wears clothes that differ greatly from its sedan brother, a trait for which it should be thankful.

The five-door car will be offered in a trio of trims – S, SV, and quasi-sporty SR. All models are powered by a 1.6-litre inline-four making 109 horsepower and lashed to a Nissan calling card, the Xtronic CVT. In this iteration of the gearless wonder, the company claims it packs some gee-whiz wizardry in the form of D-Step Logic Control. Not a new dance move to be tried on the floor of the Mad Trapper Lounge in Inuvik, D-Step attempts to give the continuously variable transmission a personality mimicking that of an actual gearbox rather than holding a constantly high-rpm while being flogged up to cruising speed.

Starting at $15,650 before the inevitable $895 destination and handling fee, the base S and its 15-inch steel wheels furnishes its driver with Bluetooth connectivity and a backup monitor but is bereft of gear like power windows and cruise control. The SV adds these features in its $16,550 price.

Those who want the jazzy SR rear spoiler but do not want to fork out the $18,360 for that trim can spec one at the dealer on any Note for $320. The lone option on any model is a Special Edition package on the SV, a bundle which includes 15-inch aluminium alloys, fog lights, push-button start, and Apple CarPlay/Android Auto for a not-unreasonable $735.

Active aero tricks like a grille shutter help the Versa Note to slip just below a 0.3cD. This, and the CVT, allow the Note to nearly hit 40mpg on the EPA highway cycle. With a 10.8 gallon fuel tank, cruising range should outstrip the length of time most people will want to ride in a subcompact hatchback of any sort, not just a Note.

Sales of the Note are not broken out of the overall Versa numbers (one can speculate this is the reason why the hatchback is called the Versa Note in this market but simply the Note elsewhere in the world) but, year-to-date, just over 54,000 of the subcompact units have been shuffled off showroom floors. This is down about 25 percent compared to this time last year, when 71,000 Versas went to new homes. It could be that fleets made up a larger number of those sales in 2017 versus this year’s results.

The Note does, however, land in Nissan’s top five models in terms of total sales to this point in 2018, beating the Murano and 13 other nameplates which it shares lot space.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Fintech

Flutterwave Celebrates Inclusion in CNBC’s Top 250 Global Fintechs

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Flutterwave has been recognized as one of the Top 250 Fintech companies globally by CNBC and Statista.

Joining the ranks of industry giants like Ali Pay, Klarna, Piggyvest, and Mastercard, this accolade underscores Flutterwave’s impact on the financial technology sector.

This honor follows Flutterwave’s recent inclusion in Fast Company’s Most Innovative Companies list, highlighting the company’s pivotal role in transforming Africa’s payment landscape.

The recognition is a testament to Flutterwave’s dedication to innovation and excellence in providing seamless payment solutions across the continent.

Expressing gratitude, Flutterwave acknowledged its talented team, supportive board, reliable partners, and loyal customers for contributing to this success.

The company continues to drive progress in the fintech industry, reinforcing its commitment to enhancing financial accessibility and inclusion in Africa and beyond.

Flutterwave’s recognition on these prestigious lists marks a proud moment and a significant milestone in its journey, reflecting the company’s growing influence and leadership in the global fintech arena.

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Startups

Google Leads $250 Million Funding Round for Glance

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A logo is pictured at Google's European Engineering Center in Zurich

Google is leading a $250 million funding round for Glance, a mobile content provider.

This infusion of capital aims to expand Glance’s reach and solidify its market position amidst growing competition.

Glance, a subsidiary of InMobi Group, offers a unique service that delivers news, entertainment, and other content directly to users’ mobile screens without unlocking their devices.

With a user base exceeding 300 million across India, the US, Japan, and Indonesia, the startup has gained significant traction since its inception in 2019.

The funding round, expected to close in the coming weeks, marks a continued partnership between Google and Glance.

Google initially invested in the company in 2020, and this latest round will further enhance Glance’s capabilities to innovate and reach new audiences.

This investment reflects Google’s strategic interest in India, the world’s most populous nation, where it competes with tech giants like Microsoft, Meta, and Amazon.

With India’s rapidly growing middle class and increasing smartphone adoption, the market presents vast opportunities for digital expansion.

The support from Google comes on the heels of a previous $200 million investment by Mukesh Ambani, Asia’s wealthiest individual, which valued Glance at over $1 billion.

The startup’s largest stakeholder, InMobi, continues to thrive as a pioneer in mobile advertising, with Glance benefiting from its expertise and resources.

As Glance prepares for this new phase of growth, it stands poised to redefine how content is consumed on mobile devices worldwide.

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Cyber Threats Surge as Nigeria’s Digital Economy Expands

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cybercrime - Investors King

As Nigeria’s digital economy flourishes, it faces escalating cyber threats, prompting the Federal Government to issue 33 cyberattack advisories in the past year.

These warnings, issued by the Nigeria Computer and Emergency Response Team (ngCERT), highlight the growing vulnerability of the nation’s digital infrastructure.

Since July 2023, ngCERT has alerted Nigerians to new attack methods and vulnerabilities. With 22 advisories issued in 2024 alone, the surge in cyberattacks coincides with the accelerated digitization spurred by the COVID-19 pandemic.

Monthly internet usage in Nigeria soared from 125,149.86 terabytes in December 2019 to 753,388.77 terabytes in March 2024.

The National Information Technology Development Agency (NITDA) notes that increased digitalization has heightened cybersecurity risks, necessitating robust protective measures.

According to Check Point Research, Nigerian businesses face approximately 2,308 attacks weekly across all sectors.

The advisories reveal various cyber threats, including ransomware and banking trojans. A recent warning highlighted Grandoreiro, a malware targeting over 1,500 banks globally, affecting 41 banking applications in Nigeria alone.

These attacks aim to steal sensitive financial data, potentially causing significant financial losses.

Nigeria’s critical infrastructure is also under threat. In August, pro-Nigerien hackers attempted to disrupt MTN Nigeria’s network, although they were unsuccessful.

During the 2023 elections, the government recorded 12.99 million cyberattacks, underscoring the scale of the threat.

Cybercrime costs Nigeria about $500 million annually. This includes data damage, stolen money, lost productivity, and post-attack disruptions.

The Federal Bureau of Investigation ranked Nigeria as the 16th country worst affected by cybercrime in 2020.

Experts emphasize the need for stronger cybersecurity measures. Adesina Sodiya, a professor of Computer Science and Information Security, warns that cyberattacks will continue to grow in sophistication.

He stresses the importance of building a cybersecurity curriculum and involving experts in creating effective strategies.

In response, NITDA plans to reduce cyberattacks by 40% by 2027. “As we digitize, we must build with security in mind,” said Kashifu Inuwa, director-general of NITDA.

The agency aims to implement comprehensive strategies to protect Nigeria’s burgeoning digital economy.

As Nigeria’s digital economy expands, it must address the growing cyber threats that accompany this progress. By enhancing cybersecurity measures and fostering collaboration among stakeholders, Nigeria can safeguard its digital future.

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