By Moses Ebosele – A Non Governmental Organisation (NGO), Inner Wheel, has been commended by the Minister of Information and Culture, Lai Mohammed for improving the social well-being of the most vulnerable groups in the society. Speaking in…
NLC tasks NECA on retrenchment in banking sector
By Moses Ebosele – Factional President of Nigerian Labour Congress (NLC), Joe Ajaero has challenged the leadership of Nigeria Employers’ Consultation Association (NECA) to make its position known on the retrenchment in the banking sector. In a statement issued…
Between practicality and new Jaguar F-PACE
By Moses Ebosele – Technically, the new Jaguar F-Pace Sports Utility Vehicle (SUV) is inspired by the sensational F-Type. Right from the bonnet to the rear, the signatures are similar. The F-PACE exhibits the DNA of a sports car. Information…
Customers embrace 110,200 infiniti vehicles in six months
Infiniti finished the first half of 2016 with a new sales record. The company sold more than 110,200 vehicles, an increase of 7 percent over the same period last year. In the month of June, more than 19,300 vehicles were…
Kia Motors declares 268,886 sales in June
By Moses Ebosele – For the month of June 2016, Kia Motors Corporation has announced global sales figures (export sales, domestic sales and sales from overseas plants) for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of…
Ford invests in self-driving map for cars
Ford Motor Company is among five investors providing $6.6 million in seed funding for Civil Maps, a California startup that creates three-dimensional maps for autonomous cars. The other participants are Motus Ventures, Wicklow Capital, StartX Stanford and AME Cloud Ventures,…
Hyundai workers vote for strike action
Hyundai Motor’s unionized workers in South Korea voted to go on strike for a fifth year in a row after wage talks broke down, adding to the automaker’s troubles as it battles a sales slowdown. According to Automotive News, a…
Picketing of NECA by NLC illegal, says Oshinowo
The Nigeria Employers Consultative Association (NECA) has crirised distruption of its scheduled Annual General Meeting (AGM) by Nigeria Labour Congress (NLC) led by Joe Ajaero. NECA in a statement said the protesting workers did not allow any person to…
Nigerian Breweries records 11.24 % drop in profit
For the first half of 2016, Nigerian Breweries Plc has declared profit after tax of N19.06billion, a drop of 11.24 per cent when compared to N21.47 billion recorded within same period in 2015. However, the unaudited and provisional results released…
Fitch affirms UBA’s viability rating as Agusto upgrades rating to “Aa”
*Stock now best performing on the exchange. Foremost global rating agency, Fitch International has affirmed United Bank for Africa (UBA) Plc’s viability rating at “B”. Meanwhile, the pan-African banking group has continued to sustain its benchmark asset quality and strong…
Board approves Tony Attah as NLNG MD
THE Board of Directors of Nigeria Liquefied Natural Gas (NLNG) has approved the appointment of Tony Attah as Managing Director and Chief Executive Officer. Attah succeeds Babs Omotowa, who after nearly five years at the helms of affairs of…
Buhari, Osinbajo, Elumelu sign women empowerment initiative
African businessman and philanthropist, Tony O. Elumelu, CON, joined the First Lady of Nigeria, Mrs. Aisha Buhari and wife of the Vice President of Nigeria, Mrs. Dolapo Osinbajo at a forum and exhibition on Nigerian Women in Export, held in…
Customs zone ‘A’ impounds N1.2billion contraband in six months
Between January and June this year, the Nigeria Customs Service (NCS), Zone ‘A’, Ikeja made four hundred and Ninety Four (494) different Seizures of prohibited/offending goods valued at N1.2billion. According to a statement issued by the Public Relation Officer…
Kia Motors declares 268,886 sales in June
For the month of June 2016, Kia Motors Corporation has announced global sales figures (export sales, domestic sales and sales from overseas plants) for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 268,886 units sold. …