Business Archives — Page 113 of 566

January 25, 2024 No Responses

Tesla Projects Lower Sales Growth In 2024

Tesla is forecasting a sharp sales slowdown this year, becoming the latest car company to warn of sagging demand. Elon Musk’s electric vehicle (EV) maker said growth would be “notably lower” than in 2023, when deliveries rose 38%. The company’s...

January 25, 2024 No Responses

Edo Seals 108 Unregistered Health Facilities

The Edo State Government has stepped up regulation of the State’s health sector, sealing off over 108 unregistered health facilities for various unsafe medical practices and failing several quality assurance checks, thereby endangering the lives of millions ...

January 24, 2024 No Responses

FG, States, LGs Share N1.1trillion

The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion December 2023 allocation to the Federal Government, States and Local Government councils. This was contained in a communiqué issued at the end of the Federation Account All...

January 24, 2024 No Responses

Expert Tasks FG On Listings, Tax Revenue

The Managing Director/Chief Executive of Arthur Steven Asset Management Limited, Mr Olatunde Amolegbe, has called on the Federal Government to encourage listings on the nation’s bourse as part of measures to boost capital market participation and tax rev...

January 24, 2024 No Responses

SIFAX Boss Lauds Gerar University On Infrastructure, Donates Bus

SIFAX Group Chairman and the newly-appointed Chancellor of the Gerar University of Medical Sciences, Imope-Ijebu, Ogun State, Dr. Taiwo Afolabi, has commended the university for the quality of infrastructure at the institution’s campus. Afolabi, who w...

January 23, 2024 No Responses

World’s Largest Car Carrier Debuts

SAIC Group, a prominent Chinese automotive manufacturer, officially named and commissioned the LNG dual-fuel car carrier SAIC Anji Sincerity. Constructed by CSSC Jiangnan Shipyard, the vessel, featuring 7,600 parking spaces, is exclusively built for SAIC Anji ...

January 23, 2024 No Responses

Dangote Cement Hits N10tri Market Capitalisation, Otedola Explains Interest

Foremost cement manufacturing firm, Dangote Cement Plc hit a milestone as a N10 trillion company on Monday at the Nigerian Exchange, the first company to attain such a valuation. Meanwhile, Business Man, Mr. Femi Otedola also on Monday confirm...

January 22, 2024 No Responses

ExxonMobil Sues Investors

Oil giant ExxonMobil has sued climate activist investors in a bid to prevent their climate proposal from going to a vote at its annual investor meeting. The complaint is against Follow This and Arjuna Capital, which have called on Exxon...

January 22, 2024 No Responses

NDLEA Intercepts 5.6m Pills Of Tramadol

The National Drug Law Enforcement Agency (NDLEA) has made a significant seizure of illicit drugs in Kano, apprehending three suspects with a total of 5,653,000 pills of tramadol 250mg and exol-5. A statement issued by Mr. Femi Babafemi, the Director...

January 21, 2024 No Responses

BYD Takes Delivery Of First Car Carrier

BYD, a China-based electric vehicle (EV) manufacturer that overtook Tesla as the world’s biggest EV seller in 2023, has taken delivery of its first car carrier which is dual-fueled. The maiden voyage ceremony for BYD Explorer No.1, the 7,000 CEU...

January 21, 2024 No Responses

Electric Mini Cabs Debuts In Lagos

The Ikoyi Obalende Local Council Development Area (LCDA) in Lagos State, has announced plans to roll out 200 electric mini cabs as part of the council’s empowerment programme for 2024. Briefing Journalists, Chairman of the Council, Fuad Atanda-Lawal explaine...

January 20, 2024 No Responses

Samsung Gets $235m Gas Carrier Contract

South Korean shipbuilder, Samsung Heavy Industries (SHI) has won a construction contract for two liquified petroleum gas (LPG)/ammonia carriers. The deal, valued at $235 million, was signed with undisclosed shipowners in the Oceania region. Samsung said that t...

January 20, 2024 No Responses

CBN To Hold First MPC Meeting Under Cardoso

The Central Bank of Nigeria (CBN) is to hold its first Monetary Policy Committee meeting under the tenure of Mr. Olayemi Cardoso as Governor on Monday, February 26 and Tuesday, February 27, 2024. The announcement follows a two-day strategic session...

January 19, 2024 No Responses

Shippers Council Boss Lauds Ports & Cargo On Investment, Dedication

The newly appointed Executive Secretary/CEO, Nigerian Shippers Council, Mr. Pius Ukeyima Akutah (MON)has expressed satisfaction over the impact Ports & Cargo Handling Services Limited, the flagship company and subsidiary of SIFAX Group has had on...