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Ericsson Announces €200m (N367.18bn) Investment To Enhance 5G Network Management

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Ericsson Announces €200m

Ericsson Announces €200m (N367.18bn) Investment To Enhance 5G Network Management

Ericsson announces €200m (N367.18bn) investment to enhance 5G network management. According to the statement, the Irish government supports the project through the Investment and Development Agency of Ireland.

Ericsson, a multinational telecommunications company, has announced a substantial €200 million (N367.18 billion) investment in its Athlone facility in Central Ireland over the next three years.

Ericsson announced this in a statement on Thursday.
It said the strategic move was aimed at bolstering the company’s leadership in high-performing programmable networks through pioneering research, development, and innovation.

According to the statement, the Irish government supports the project through the Investment and Development Agency of Ireland.

It said the investment would specifically focus on advancing the development of open network management and automation capabilities crucial for 5G networks globally.

Ericsson said these advancements would enable communications service providers to achieve greater operational efficiency and accelerate the deployment and value creation of 5G Standalone connectivity through differentiated service offerings.

The statement added that it provides an open environment for developing and running apps from various vendors and radio technologies, facilitating the integration of innovations from diverse technology partners.

It said the open framework aimed to accelerate the pace of RAN innovation through broad ecosystem support and collaboration.

Ericsson added that the investment seeks to deliver next-generation open network management and automation capabilities leveraging artificial intelligence, machine learning and advanced analytics.

It said the capabilities were expected to help CSPs enhance network performance, speed up innovation cycles, and reduce operational costs through autonomous network operations.

The company said the significant investment underscored Ericsson’s long-term commitment to Ireland as a strategic hub for research and development, where it currently employs over 1,300 people.
It said the Athlone facility had been designated as the company’s centre of excellence for intelligent network management.

Ireland’s Minister of Enterprise, Trade and Employment, Peter Burke, said, “Ericsson’s €200 million announcement at their Athlone facility is fantastic news. Their innovative R and D project, which spans a duration of three years, will improve efficiency in 5G networks globally.

The minister said it was encouraging that Ericsson had once again cemented Athlone as the key base for the company, selecting the campus and the staff based there to lead the pioneering work.

Michael Lohan, the chief executive officer of IDA Ireland, said Ericsson’s ambitious programme strongly aligned with the key growth drivers of IDA Ireland’s new strategy, which was ‘Adapt Intelligently: A Strategy for Sustained Growth and Innovation’.

Ericsson Announces €200m

Ericsson Announces €200m

According to him, the investment strengthens the long-term legacy of Ericsson in Ireland, building on the success of past investments spanning more than 60 years.

Denis Dullea, the head of Ericsson’s Athlone Site, said Ericsson had a long history and deep roots in Ireland, spanning more than 50 years.

Mr Dullea said the €200 million investment, supported by the IDA and the Irish government, was a testament to the company’s commitment to Ireland.

“By delivering on this cutting-edge project, we are both investing in Ireland’s future and empowering mobile operators worldwide,” he said.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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