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Investors were bullish on Chinese electric vehicle stocks Monday morning after companies such as BYD, XPeng (XPEV), Li Auto (LI), and others released October delivery data late Friday.

BYD's EV sales rose roughly 12% from last year while sales of the company's hybrid vehicles surged over 62%, sending its shares on the Hong Kong stock exchange up3.5% in Monday morning trading. Though while Li Auto's deliveries rose 27% year-over-year to 51,443, its U.S.-listed shares dropped 0.26% Monday morning.

US-based Tesla (TSLA), however, saw sales of its EVs manufactured in China drop 5.3% from last year and over 20% from September, according to data from the China Passenger Car Association reported by Monday. The EV giant's stock fell as much as 2.4% in morning trading Monday.

XPeng said it set a new monthly record for deliveries at 23,917, a bump of 20% from last year. The uptick seemingly sent its U.S.-traded shares up around 6% Monday morning.

Nio's (NIO) deliveries were also up just over 30% from October 2023 at nearly 21,000 vehicles. The company's U.S.-traded shares also rose around 1.7%.

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Following the outrage that trailed the arrest and arraignment of minors over the #EndBadGovernance protests held in several parts of the country in August, President Bola Tinubu on Monday directed the immediate release of all the children.

Minister of Information and National Orientation, Mohammed Idris, disclosed this to State House correspondents on Monday after the President swore in seven newly appointed ministers cleared by the Senate.

The minister said the President ordered the immediate release of the minors without prejudice to whatever legal processes that are ongoing. The President also directed the Ministry of Humanitarian Affairs and Poverty Reduction to immediately see to the welfare of those minors, and also take part to ensure their smooth reunion with their parents or guardians wherever they are in the country. Tinubu also directed that a committee would be set up to be spearheaded by the humanitarian affairs ministry to look at all issues surrounding the arrest, detention, treatment, and finally, the release of the minors.

On Friday, November 1, 2024, Nigerians were enraged and disgusted when the police brought 72 minors before a Federal High Court in Abuja over their participation in the nationwide #EndBadGovernance protests.

The defendants, who were accused of treason, among others, were arrested in places like Kaduna, Abuja, Gombe, Jos, Katsina, and Kano states. Some of them looked gaunt and poorly fed and collapsed in court. The presiding judge, Obiora Egwuatu, granted N10 million bail to 72 minors who were arraigned.

Many Nigerians including former presidential candidates, civil polity groups were hense rights they found rechat also cio-minors had been detained for over eight weeks since the nationwide protests.

In the heat of the nationwide condemnation of the government’s action, the Attorney General of the Federation (AGF), Lateef Fagbemi, hurriedly released a statement that his “office will need to look into regarding the matter to enable me to take an informed decision”.

Fagbemi immediately directed the police to transfer the case file to his office and hand over the same to the Director of Public Prosecution of the Federation (DPPF).

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Crude oil futures are rising Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday extended their output cuts by one month.

Saudi Arabia and other members of OPEC+, which includes Russia, said they agreed to keep voluntary production cuts of around 2.2 million barrels per day for one month until the end of December. The output cut had already already been extended in September.

It didn’t give a reason for the decision to delay unwinding its voluntary cuts, but oil prices have been weak this year despite escalating tensions in the Middle East, pressured by China’s downbeat economy.

Last month, OPEC reduced its outlook for oil demand for 2024 and 2025, citing data received so far this year.

"This delayed supply increase means that maybe the group are more willing to support prices than many believe," ING said in a note referring to reports that some OPEC+ members weren't complying with the output cuts. "However, our balance continues to show that the market will be in surplus through 2025 unless OPEC+ continues with cuts through next year."

Brent crude futures are rising 2.5% to $75 per barrel Monday morning, while U.S. benchmark West Texas Intermediate Texas (WTI) futures are gaining 2.8% to $71.40.

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A man has revealed what has happened to his friend since he got married.

The man said he has been dating more women than ever since he got married.

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