Business News Archives — Page 43 of 48

January 23, 2020 No Responses

Daimler Records 50 Per Cent Drop In Profit

German luxury car maker, Daimler on Wednesday issued its third profit warning for 2019, as costs related to the diesel scandal, heavy investment in electric vehicles and production issues weighed on earnings. According to the Company, its 2019 earnings before...

January 21, 2020 No Responses

Amaechi Invites Stakeholders Over Slow Lagos-Ibadan Rail Project

The Minister of Transportation, Mr Rotimi Amaechi has sent out invitations to the Nigerian Ports Authority (NPA) and other stakeholders to address issues slowing down the rail project. Amechi, during inspection of work on the ongoing Lagos-Ibadan standard gaug...

January 21, 2020 No Responses

NIPC Unveils Nigeria Investment Guide

The Nigerian Investment Promotion Commission (NIPC) and its partner, the UK Department for International Development (DFID) on Monday inaugurated the Nigeria Investment Guide at the ongoing UK-Africa Investment Summit 2020. NIPC’s Executive Secretary, Yewand...

January 21, 2020 No Responses

Ayade Appoints Gedoni Special Assistant

Ekpata Gedoni, housemate in Big Brother Naija Season Four Edition ‘Pepper Dem Gang’ has been appointed Special Assistant to Gov. Benedict Ayade of Cross River.The news was shared on Gedoni’s fiancee, Khafi’s Instagram page, @ acupofkhafi on Monday.Acco...

January 19, 2020 No Responses

Firm Seals Charter Deal With Maersk, MSC

German shipping major Hapag-Lloyd has signed a space charter agreement with the members of the 2M Alliance – Maersk and Mediterranean Shipping Company (MSC). Under the arrangement, the space charter deal will give Hapag-Lloyd access to selected services of 2...

January 19, 2020 No Responses

NNPC Boss Lauds Lee Engineering Over Construction Of 150 Million Metric Storage

The Group Managing Director, Nigeria National Petroleum Corporation (NNPC) Mr. Mele Kyari has commended Lee Engineering and Construction Company for the execution of the Atlas Cove Depot Optimization Project for the NNPC. The Atlas Cove Depot Optimizatio...

January 18, 2020 No Responses

CBN Pledges Support For Cotton Farmers

The Central Bank of Nigeria, (CBN) has assured members of National Cotton Association of Nigeria (NACOTAN) Ekiti chapter of its financial assistance to enable them embark on massive production of cotton in the state. A Representative of CBN, Mr Olutayo...

January 18, 2020 No Responses

DMO Explains Nigeria’s N26trillion Debt

The Director-General, Debt Management Office (DMO), Patience Oniha on Friday disclosed that Nigeria’s total public debt rose above N26.22 trillion as at September 2019. In a chat with Journalists in Abuja, Oniha also denied denied recent reports that t...

January 16, 2020 No Responses

Firm Receives 1st LNG-Powered Tanker

Marine Vicky, Singapore’s first LNG-fueled bunker tanker, has been delivered to its owner, Sinanju Tankers Holdings.The 8,000 dwt newbuild, which was named in September 2019, was built at Keppel Nantong Shipyard in China. Featuring a length of 102.8 meters a...

January 16, 2020 No Responses

Mercedes-Benz Delivers 2,339,562 Cars In 2019

The year 2019 was the ninth consecutive record year for Mercedes-Benz, with growth of 1.3% to a total of 2,339,562units delivered worldwide. At the same time, Mercedes-Benz maintained its leading position among the luxury car brands for the fourth year.....