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August 9, 2019 No Responses

Ambode Denies Link To N9.9b Bank Account

The immediate past governor of Lagos State, Mr. Akinwunmi Ambode, has denied ownership of any bank account containing N9.9billion.The Economic and Financial Crimes Commission (EFCC) recently disclosed that it had frozen certain accounts linked to some former lagos state personnel.The...

August 5, 2019 No Responses

Nigeria To Address VAT Exemption, Others On Capital Market Transactions

The Federal Government has stated that it is already tackling the issues regarding stamp duties collection and the extension of the VAT exemption on capital market transactions.This was stated by Vice President Yemi Osibanjo at the Awards Night of the...

August 5, 2019 No Responses

Renault May Cut Stake In Nissan

Renault and Nissan Motor Co. have held talks that would see Renault reduce its stake in the Japanese carmaker and help the French company restart merger discussions with Fiat Chrysler Automobiles, The Wall Street Journal reported.The sides are weighing plans.....

August 5, 2019 No Responses

NNPC Attributes Increase In Price Of Kerosene To Pressure Of Demand, Supply

The Nigerian National Petroleum Corporation (NNPC) has attributed the increased in the price of household Kerosene in the country to the pressure of demand and supply.The NNPC Group General Manager, Group Public Affairs Division, Ndu Ughamadu, told the News Ag...

August 4, 2019 No Responses

Omo-Agege To Oil Firms: Relocate Headquarters To N/Delta

Deputy President of the Senate Ovie Omo-Agege has urged oil companies operating in the Niger Delta region to relocate their headquarters to the region.Mr. Yomi Odunuga, his Special Adviser on Media and Publicity in astatement on Saturday in Abuja, said...

August 4, 2019 No Responses

Suzuki Cuts Workforce As Sales Sink

Maruti Suzuki India Ltd, has cut the number of workers it employs on temporary contracts following a plunge in vehicle sales, it told Reuters.The auto industry, which accounts for nearly half of India’s manufacturing output, is going through one of...

July 19, 2019 No Responses

BMW Names New CEO

BMW has named its top production manager, Oliver Zipse, as CEO to lead the luxury automaker through a shift to new ways of doing business such as electric vehicles and offering cars on a per-use basis.The company said Thursday that...

July 19, 2019 No Responses

Egypt Unveils Shipping Incentives

The Egyptian government has announced a new package of incentives and discounts for shipping companies in a bid to ensure the sustainability of shipping lines’ schedules.Vessels calling at Egyptian ports and transiting Suez Canal can now expect savings reach...

July 19, 2019 No Responses

Eleven Authors Contend For $100,000 Prize For Literature

The Advisory Board for The Nigeria Prize for Literature today, Thursday 18 July, announced the shortlist of 11 drawn from 173 books, in the running for the 2019 edition of the prize.The 11 books on the shortlist of 11, in...

July 19, 2019 No Responses

Panel Probes 120 Doctors Over Alleged Misconduct

The Medical and Dental Council of Nigeria (MDCN) has inducted 412 foreign trained Nigerian doctors to practice medicine in the country and warned them against ethical misconduct.The induction was held at NAF Conference Centre on Thursday in Abuja, consisting o...

June 24, 2019 No Responses

CBN To Sustain Float Exchange Rate Regime

The Central Bank of Nigeria says it will continue to operate a managed float exchange rate regime to reduce the impact of continuous volatility in the exchange rate on the economy.The CBN Governor, Godwin Emefiele, said this while reeling out...

June 24, 2019 No Responses

Nigeria Harps On Good Corporate Governance, Inaugurates SEC Board

Listed companies in the Capital market have been urged to imbibe good corporate governance and accountability in a bid to accelerate the growth of the market and increase both domestic and foreign investor participation.This was stated by the Permanent Secreta...

June 24, 2019 No Responses

Switzerland Seeks Release of Detained Tanker, Crew In Nigeria

Switzerland has requested the International Tribunal for the Law of the Sea (ITLOS) to order the release of a Swiss tanker and its crew detained in Nigeria since early 2018.According to World Maritime News, the public hearing concerning the arrest...