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Wednesday, 24 January 2018

Jaguar Land Rover scales down production

Jaguar Land Rover will cut production of some vehicles amid uncertainty over Brexit and changes to taxes on diesel cars.   The company will temporarily scale back output of the Discovery Sport and Range Rover Evoque models later this year.   Recently, JLR said its global sales hit a record…

CBN boosts foreign exchange market with $210m

The Central Bank of Nigeria (CBN) has boosted the inter-bank foreign exchange market with $210 million  to meet customers’ requests in various segments of the market. The Bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement on Monday in Abuja said the fund would ensure that legitimate demands…

Mining: FG engages Revenue Consultants

The Federal Government has engaged the services of about 100 revenue consultants to work on areas of leakages in the revenue accrued from the mining sector, with a view to shoring up earnings from the sector. The consultants, who would be deployed to the six geo-political zones of the country…

Edo seeks partnership with Diaspora community on gender

Edo State Governor, Mr. Godwin Obaseki, has expressed readiness to partner with Edo indigenes in the diaspora to engender social economic growth, especially in empowering women and girls in the state.   Obaseki disclosed this when he hosted Ms. Blessing Itua, a United States of America-based Edo indigene and Gender…

Photo News

L-R: Project Coordinator,  Revenue Optimisation and Verification Project  Mr. Makinde Araoye; Permanent Secretary, Ministry of Mines and Steel Development, Dr Muazu Abdullahi;  Director Procurement, Mr. Kehinde Osikoya;  and Director Finance and Account, Mr. Ebenezer Ikotun; at the official launch of the ROV Project and Induction/training of Revenue Consultants in Abuja…

Shanghai Dingheng Shipping Unveils Agenda to Build 100 Ships

Chinese tanker owner Shanghai Dingheng Shipping has inked a strategic cooperation agreement with local shipbuilders and steel and equipment manufacturers for its plan of constructing 100 ships in the next ten to twenty years.   The company’s parent Dinghen Group said that the strategic agreement was signed on January 20, 2018…

CBN explains inability to hold MPC meeting for January

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has allayed the fears of Nigerians and the international community over the inability to hold the meeting of the Monetary Policy Committee (MPC) for January. A statement signed by Emefiele in Abuja explained  that the meeting, which was earlier scheduled…

MOWCA Seeks Co-operation with Association of African Maritime Adminstration

The Chairman of the Association of African Maritime Administration, (AAMA) Dr. Dakuku Peterside has stated that the maritime sector is crucial to the growth and development of the African economy.  The AAMA Chairman who stated this when the Secretary General of the Maritime Organisation of West and Central Africa (MOWCA),…

Police nabs 20 visa racketeers in Lagos

The Police Special Fraud Unit (PSFU) says it has arrested over 20 suspects who specialised in counterfeiting entry visas of some foreign countries. Spokesman for the PSFU, Audi Lawal, said in a statement on Saturday in Lagos that the visa racketeers were arrested at several embassies of the foreign countries…

NPA Photo News

Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman, during a visit to President Muhammadu Buhari at the Presidential Villa, Abuja

Audi delivers 1.8m vehicles in 2017

For the year 2017, Audi AG increased its global sales for the eighth year in a row.   Despite a turbulent first half of the year, the company achieved a new record-breaking figure: Around 1,878,100 deliveries represent an increase of 0.6 percent.   A statement explained that the four Rings…