(Auto News) Chevrolet’s new nine-speed automatic transmission illustrates the difficulty of eking out fuel economy improvements as automakers work to meet increasingly stringent fuel efficiency standards. Launched in the Chevrolet Malibu in September, the nine-speed, co-developed with Ford Motor Co.,…
I will contest my election defeat in court, Jammeh insist
(BBC) Gambian leader, Yahya Jammeh says he will launch a legal challenge to contest an election defeat that will bring an end to his 22-year rule. President Jammeh initially conceded after rival Adama Barrow won last week’s vote, but then…
Magnus Abe wins Rivers South East Senatorial election
The candidate of the All Progressives Congress (APC) for Rivers South East senatorial district election, Magnus Abe, has been declared winner by the Independent National Electoral Commission (INEC). He polled a total of 125,938 votes to defeat Olaka Nwogu of …
Cocaine found in container carried by Maersk Ship
Mexican authorities have seized some 278 kilograms of cocaine from a container carried by the 63,200 dwt containership Laura Maersk. According to the information provided by the Mexican government, the vessel, operated by Danish shipping giant Maersk, brought the container to the…
Maersk Line, MSC, HMM enter strategic cooperation
Maersk Line, Mediterranean Shipping Company (MSC) and Hyundai Merchant Marine (HMM) have reached an agreement to enter into a new strategic cooperation. The cooperation is a combination of slot exchanges and slot purchases between the three parties, as well as Maersk…
FG unveils 10-point agenda for economic growth
The federal government has outlined a 10-point fiscal roadmap to reset the economy to a path of growth. The Minister of Finance, Mrs Kemi Adeosun revealed the outline when she represented Vice President Yemi Osinbajo, at the annual dinner of…
Yahya Jammeh must step down, says UN
(BBC) Gambia President, Yahya Jammeh must hand over power after defeat in elections, the United Nation (UN) Security Council has said. President Jammeh initially conceded to Adama Barrow in last week’s vote but has since refused to accept the end…
VW tops spending on advert with $6.6billion
(Auto News) Volkswagen Group has emerged top in the first 100 advertisement spenders worldwide. Fifteen automakers and tire maker Bridgestone Corporation constituted the automotive category on the World’s Largest Advertisers list. Seven of those automakers made the top 25, reports…
NPA Photo News
L-R: World Bank Customs and Trade Specialist, Robert Struthers; Managing Director Nigerian Ports Authority, Hadiza Bala Usman and Mikiko Imai Ollison, the Trade Logistics Specialist, West and Central Africa, during a technical visit to the Managing Director by the World…
LCCI Photo News
L-R: Chairman, JKN Limited, Chief Dr. John Odeyemi; President, Lagos Chamber of Commerce and Industry, Chief Dr. Mrs. Nike Akande and His Majesty, Ooni of Ife, Oba Adeyeye Ogunwusi during the presentation of Grand Star Award of Oodua to Akande…
AfDB appoints MCB investment as fund manager for fixed income ETF in Africa
The African Development Bank (AfDB) has appointed MCB Investment Management (MCBIM), a subsidiary of MCB Capital Markets, as Fund Manager for its first multi-jurisdictional Fixed Income Exchange Traded Fund (ETF) in Africa. The Board of Directors of the AfDB…
Gambia leader Yahya Jammeh rejects election result
(BBC) Gambian leader Yahya Jammeh has rejected the result of the presidential election held earlier this month, a week after admitting defeat. Speaking on state TV, Mr Jammeh cited “abnormalities” in the vote and called for fresh elections. Mr Jammeh,…
‘Suspend policy on vehicle importation ban through land borders’
The House of Representatives has advised President Muhammadu Buhari to direct Nigeria Customs Service (NCS) to suspend recent policy banning the importation of vehicles through the nation’s land borders. In its resolution on Thursday, the lawmakers explained that more security…
FG Information App For Launch December 15
The Minister of Information and Culture, Alhaji Lai Mohammed, has announced that the Federal Government Information App (FGIAPP) will be launched in Abuja on 15 Dec. 2016, as part of efforts to enhance the dissemination of government activities. The Minister made the announcement…