It is a shame that Nigeria is a net importer of petroleum products, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari has said., Speaking at the 2019 annual conference and exhibition organised by the Society of…
Suzuki Declares 46% Drop In Profit
Suzuki Motor Corporation on Monday reported a 46.2% fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market.Japan’s fourth-largest automaker posted an operating profit of…
Kia Delivers 225,902 Units In July
For the month of July, 2019, Kia Motors Corporation’s global sales stood at 225,902 units, a decline of 2.7% when compared to the same month last year. Sales in Kia’s home market, South Korea increased slightly to 47,080 units, reports the…
Nigeria Begins Sale Of 2, 3 Year Savings Bonds
The Federal Government on Monday offered for subscription two-year savings bond at 10.301 per cent and three-year savings bond at 11.301 per cent per annum, the Debt Management Office (DMO) has said.According to the offer circular obtained from the DMO…
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…
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…
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 Agency…
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…
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…
Customs Impounds 4.5 Tons Of Cocaine
Germany’s customs have found 4.5 tons of cocaine onboard a containership at the Port of Hamburg, representing the largest-ever cocaine shipment seized. The shipment, consisting of more than 4,200 parcels was discovered in 211 black sports bags in a container…
Kia Motors Revs Up Service, Training Network
Kia Motors on Friday commenced its widespread service network of 192 centres across 160 cities in India. Kia in a statement explained that through IoT-based Kia Link App, the company aims to offer seamless and new-age car service and vehicle…
NPA Photo News
The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman (left), presents a plaque to the Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation (NNPC),Roland Ewubare, during a working visit to the Corporate Headquarters of NPA in Marina, Lagos.
Nigeria To Invest In Animation Industry
The Federal Government has promised to invest in the animation industry and other creative sectors to make jobs available for youths, boost GDP, and achieve economic growth. Vice President Yemi Osinbajo stated this at the end of a four week-training…
UBA Rewards 20 Promo Winners With N30m
United Bank for Africa (UBA) Plc, has again rewarded another 20 customers who have emerged winners in the third quarterly draw of the UBA Wise Savers Promo winning N1.5 million each, bringing the total amount won so far by 60…