BMW Q1 profit falls 26.4% on weak China sales, 2025 outlook held
German carmaker BMW reported a 26.4% drop in first-quarter net profit to €2.2 billion ($2.5 billion), as weak demand in China weighed on earnings.
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FG to phase out electricity subsidies, says Minister Adelabu
ABUJA — The Federal Government has announced plans to gradually eliminate electricity subsidies, citing the unsustainable financial burden on the nation’s economy. Minister of Power Adebayo Adelabu made this known during a strategic meeting with chairmen of Nigeria’s power generation companies (Gencos) held in Abuja. Adelabu warned that the Nigerian economy can no longer sustain…
NNPC Boss sacks MDs of Warri, Port Harcourt, Kaduna refineries
ABUJA – In a decisive effort to arrest long-standing inefficiencies in Nigeria’s refining operations, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has removed the managing directors of the company’s three major refineries located in Port Harcourt, Kaduna, and Warri. According to Peoples Gazette, the leadership shake-up, which…
CBEX resumes operations amid N1.2tn fraud probe
LAGOS – Despite an ongoing investigation into a massive N1.2 trillion digital trading fraud that reportedly affected over 600,000 Nigerians, embattled investment platform Crypto Bridge Exchange (CBEX) has resumed operations—reigniting concerns among regulators and financial watchdogs. Two traders told to The PUNCH on Wednesday that the digital trading firm, which abruptly collapsed on April 14,…
Nigeria’s First Lady Empowers 500 Women in A’Ibom
Akwa Ibom First Lady Designate, Lady Helen Obareki (3rd from right), Wife of Senate President, Dr. Ekaette Unoma Akpabio (4th from right) and others presenting one of the items to a beneficiary on Saturday. By Anietie Akpan Wife of the President, Senator Oluremi Tinubu, has empowered 500 Women in Akwa Ibom State with empowerment items…
We’ll Revive Songhai Farms Soon – Ibas
Songhai Integrated Farms Coordinator, Dr Tammy Jaja conducting the Administrator of Rivers State, Vice Adm. Ibok-Ete Ibas (rtd) round facilities of the farms. By Dianabasi Effiong The Administrator of Rivers State, Vice Adm. lbok-Ete lbas (rtd), says he will implement strategic measures to revive the state-owned Songhai Integrated Farms to boost food production and create…