Category: News

NLC tasks NECA on retrenchment in banking sector
July 18, 2016 No Responses

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...
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Between practicality and new Jaguar F-PACE
July 16, 2016 No Responses

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...
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Customers embrace 110,200 infiniti vehicles in six months
July 16, 2016 No Responses

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...
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Kia Motors declares 268,886 sales in June
July 16, 2016 No Responses

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 ...
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Ford invests in self-driving map for cars
July 16, 2016 No Responses

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 ...
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Hyundai workers vote for strike action
July 16, 2016 No Responses

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...
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Picketing of NECA by NLC illegal, says Oshinowo
July 16, 2016 No Responses

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...
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Nigerian Breweries records 11.24 % drop in profit
July 15, 2016 No Responses

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...
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Fitch affirms UBA’s viability rating as Agusto upgrades rating to “Aa”
July 15, 2016 No Responses

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 asse...
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Board approves Tony Attah as NLNG MD
July 15, 2016 No Responses

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...
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Buhari, Osinbajo, Elumelu sign women empowerment initiative
July 15, 2016 No Responses

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...
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Customs zone ‘A’ impounds N1.2billion contraband in six months
July 15, 2016 No Responses

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 Relati...
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Kia Motors declares 268,886 sales in June
July 15, 2016 No Responses

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 so...
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$3.8b Project fuels Intels, LADOL dispute
July 14, 2016 No Responses

$3.8b Project fuels Intels, LADOL dispute

The outgoing Managing Director of Nigerian Ports Authority (NPA), Habib Abdullahi has identified the $3.8billion Floating Production Storage and Offloading (FPSO)project as the major factor responsible for the ongoing face-off between Integrated Logistics Serv...
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