Business
US: Tariffs on China will come down substantially – Trump announces

President Donald Trump of the United States has said that high tariffs on goods from China will come down substantially.
He said the tariffs would crash but won’t go down to 0%.
The President stated this during a White House news conference on Tuesday.
Trump stated this in response to earlier comments same day by treasury secretary, Scott Bessent.
Bessent had made it clear that the high tariffs were unsustainable.
Recall that the US had placed import taxes of 145% on China and in response the Asian giants retaliated with 125% tariffs on US goods.
Trump had announced what he described as a reciprocal tariffs on nations across the globe, causing the stock market to stumble and interest rates to increase on US debt.
“We’re doing fine with China,” Trump said.
Despite his high tariffs, Trump said he would be “very nice” to China and not play hardball with Chinese President Xi Jinping.
He added, “We’re going to live together very happily and ideally work together.”
Trump said that the final tariff rate with China would come down “substantially” from the current 145%, saying “It won’t be that high, not going to be that high.”
Business
Sage Grey Finance Appoints Akinsanya as Independent Non-Executive Director

In a strategic move to strengthen its corporate governance, Sage Grey Finance Limited has appointed Akinsanya as its new Independent Non-Executive Director.
The appointment reflects the company’s commitment to robust leadership as it expands its footprint in lending, investments, and fund management within Nigeria’s financial sector.
Source: BusinessDay.ng
Business
Nigeria second only to India in number of people without electricity – REA MD

The Managing Director and Chief Executive Officer of the Rural Electrification Agency (REA), Abba Aliyu, has said Nigeria is the second country in the world with the highest number of people living without access to electricity.
Speaking on Channels Television’s Morning Brief on Monday, Aliyu explained that only India has more people without power supply than Nigeria.
He however stressed that the current administration has put in place a structured plan to address what he called electricity poverty.
“I recently came across a post by The Economist which showed that only India has more people without electricity access than Nigeria. But unlike many other countries, Nigeria now has a well-structured plan to address this challenge,” he said.
Aliyu noted that the REA does not operate on the national grid but focuses on off-grid and underserved communities.
“If you have a problem with your Disco, that’s not within our mandate. Our focus is on communities without access to electricity,” he clarified.
Highlighting the agency’s ongoing projects, the REA boss pointed to the Distributed Access to Renewable Energy Scale (DARES) initiative, describing it as the largest public renewable energy project in the world.
According to him, the $750 million programme aims to deliver electricity to 17.5 million Nigerians who currently live without power.
Business
Gov Uba Sani appoints Ben Kure as MD of KSMC

Governor of Kaduna State, Senator Uba Sani, has appointed Ben Solomon Dalhatu Kure as the Managing Director of Kaduna State Media Corporation (KSMC).
Ibraheem Musa, Chief Press Secretary to the Governor, disclosed this in a statement at the weekend.
Kure replaced Ahmed Maiyaki, who has just been appointed the Commissioner for Information.
He is expected to build on Mr. Ahmed Maiyaki’s leadership, which has repositioned the media corporation.
Before this appointment, Kure served as the Chairman of Jaba Local Government from 2016 to 2017, Executive Secretary of the Kaduna State Emergency Management Agency from 2018 to 2019, and Special Adviser (Political Matters) to the Kaduna State Governor from 2019 to 2021.
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