Ericsson, a multinational telecommunications company says its reported sales in the first quarter of 2025 were 55 billion sek (N9,060 trillion), with adjusted gross income increasing to 26.7 billion sek (N4,400 trillion). In a statement on Tuesday, Ericsson said that the reported sales and gross revenue were driven by sales growth and strong gross margin…
The Transmission Company of Nigeria (TCN) says it has restored bulk power supply through its 132 Kilo Volt (KV) Owerri-Ahoada transmission line to the national grid. Mrs Ndidi Mbah, TCN’s General Manager, Public Affairs in a statement in Abuja on Monday said that the line was connected to the grid on April 11, at about…
Dangote Petroleum Refinery says it has began exporting refined petroleum products to many African, European, American and Asian markets. The Deputy Regional Director, South East, Dangote Cement, Mr Ayirioritse Okerentie, made the disclosure at the ongoing 36th Enugu International Trade Fair on Dangote Special Day. The regional director listed the products to include aviation fuel…
Prof Kingsley Moghalu, President and Vice Chancellor of the African School of Governance (ASG) has been selected as keynote speaker for the 2025 Harvard University’s Africa Development Conference (ADC) Summit. This is contained in a letter to Moghalu by organisers of the annual summit that would be held at the Harvard University Campus in Cambridge,…
The Nigeria Country Director, World Bank Group, Dr Ndiame Diop, has called on the Federal Government to infuse structural and economic reforms to transform Nigeria. Diop stated this in Ibadan on Tuesday at the Distinguished Personality Lecture Series of the Department of Agricultural Economics, University of Ibadan (UI). He said that economic transformation to create…
Rep Jaafaru Yakubu, Chairman of the House of Representatives Committee on China-Nigeria Parliamentary Relations, has reaffirmed Nigeria’s unwavering commitment to the One-China Policy. The Committee Chairman made this statement in Abuja on Tuesday, responding to remarks attributed to Andy Yih-Ping Liu, Head of Taiwan’s Trade Mission in Nigeria. Yakubu emphasised that Nigeria recognized Taiwan as…
The Director-General of the Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, says that the bureau is committed to strengthening the procurement system in the country. Adedokun said this at the Procurement Clinic Training on the “Principles of Procurement Planning, Records Keeping and E-Advertisement” for all Federal Ministries, Departments and Agencies (MDAs) in Abuja on…
The Economic Community of West African States (ECOWAS), has granted 50,000 dollars to the Republic of Cape Verde to support the country’s 2025 to 2040 infrastructure master plan. This is contained in a statement issued by Mr Joel Ahofodji, Principal Officer, Information and Communication, ECOWAS, on Monday in Abuja. Ahofodji said that Mr Sediko Douka,…
Nigeria and the U.S. have expressed commitment to strengthening bilateral cooperation between them through various economic sectors. The Minister of Foreign Affairs, Amb. Yusuf Tuggar, disclosed this in a statement by Alkasim Abdulkadir, his Special Assistant on Media and Communications Strategy, on Monday in Abuja. Tuggar disclosed that the commitment is the outcome of an…
Some financial experts have said the 14 per cent trade tariff imposed by the United States Government on Nigeria threatens the African Growth and Opportunity Act (AGOA). In separate interviews with the News Agency of Nigeria (NAN) in Ibadan on Monday, the experts added that the tariff would also affect the duty-free provision. Dr Olumuyiwa…
