UBA Announces N189.84bn Profit in Q1 2025

UNITED Bank for Africa has announced a profit of N189.84 billion for the first quarter of 2025, marking a strong start to the financial year. This represents a 33.15 per cent increase compared to the N142.58 billion recorded during the same period in 2024. The bank revealed this in a …

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28-year-old Electrician Electrocuted in Oyo

THE Oyo State Fire Services Agency, has confirmed that a 28-year-old electrician has been electrocuted in Odo Babaode, Eruwa Community in Oyo State, while trying to repair a fault from a 33KV High Tension Cables. The agency’s General Manager, Mr Yemi Akinyinka, confirmed this in a statement made available to …

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Ericsson Announces €200m investment to Enhance 5G Network Management

Ericsson, a multinational telecommunications company, has announced a substantial €200 million ( N367.18 billion) investment over the next three years in its Athlone facility in Central Ireland. Ericsson said this in a statement on Thursday. It said the strategic move was aimed at bolstering the company’s leadership in high-performing programmable networks …

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ValueJet to Begin Direct Lagos-Banjul Flight May 15

NIGERIAN private airline, ValueJet has announced plans to begin direct flight operations from Lagos to Banjul, The Gambia, starting May 15. The airline’s Managing Director and Accountable Manager, Capt. Omololu Majekodunmi, made this known in a statement issued on Thursday in Lagos. Majekodunmi said the initiative was to boost regional …

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Job Creation: World Bank Inaugurates Private Sector Investment Lab

THE World Bank Group has inaugurated private sector investment Lab with expanded membership which focuses on job creation. The World Bank Group President Ajay Banga said this at the ongoing International Monetary Fund (IMF)/World Bank Meetings on Wednesday in Washington D.C. According to him, this new chapter also expands the …

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9 killed, 70 injured in Russian Drone, Missile Attack on Kiev

NINE people were said to have been killed and over 70 injured in an overnight Russian drone and missile attack on Kiev, said the State Emergency Service of Ukraine on Thursday. The assault caused extensive damage to residential buildings and ignited fires in garages, non-residential structures and administrative buildings. Rescue …

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FG seeks Enhance Global Support for Reforming Economies

Mr Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has called for enhanced global support for reforming economies. Edun made the call at the G-24 Ministerial Meeting held on the sidelines of the ongoing 2025 IMF World Bank Spring Meetings in Washington D.C , on Wednesday. …

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