Business Archives — Page 300 of 480

December 9, 2017 No Responses

Transcorp Hilton Abuja Wins 2017 World Luxury Hotel Awards

Nigeria’s Landmark hotel, Transcorp Hilton Abuja, has emerged the winner of two 2017 World Luxury Hotel Awards in the Best Luxury Contemporary Hotel (Nigeria) and Best Luxury City Hotel (West & Central Africa) categories. The multiple award-winning five-star hotel...

December 8, 2017 No Responses

NLNG to supply 350ktpa of DLPG through dedicated vessel

Nigeria LNG (NLNG) has reiterated its commitment to continue to support growth of the LPG industry by dedicating 350,000 metric tonnes per annum of cooking gas otherwise known as Domestic LPG (DLPG) to the country, to ensure reliable and affordable...

December 8, 2017 No Responses

Weststar terminates distributorship of Chrysler, Dodge, Jeep, RAM, Fiat

As part of measures to consolidate and expand the Mercedes-Benz business in Nigeria, Weststar Associates Limited and FCA have resolved to “mutually terminate its distributorship agreement”. Under the arrangement, with effect from Monday, 5th December 20...

December 8, 2017 No Responses

UK varsity graduates 59 Nigerian cadets

The Capacity Building initiative of the Nigerian Maritime Administration and Safety Agency (NIMASA) through the Nigerian Seafarers Development Programme (NSDP) has again received another boost as 59 of the beneficiaries have graduated from the Liverpool John M...

December 8, 2017 No Responses

Obaseki commissions glass factory

Edo State Governor, Mr. Godwin Obaseki has commissioned Rongsheng Glass Nigeria Limited in Utesi, Benin City. The factory is located in Utesi Village, by Benin By-Pass, Ikpoba Okha Local Government Area. Speaking at the unveiling ceremony, the Governor ex...

December 8, 2017 No Responses

SIFAX Group Photo News

One of Nigeria’s music sensations, Damilola Afolabi (LAX), recently paid a courtesy visit on contestants of The Next Titan, an entrepreneurial reality TV show, which is sponsored by SIFAX Group.LAX (m), with contestants and producers of The Next Titan Entrep...

December 7, 2017 No Responses

World Bank to support power sector recovery agenda in Nigeria with $1b

The World Bank is to support Nigeria’s Power Sector Recovery Programme (PSRP) with not less than $1billion. In a statement on Wednesday, the Bank explained that its delegation had informed the Federal Government that it was pleased with progress in...

December 7, 2017 No Responses

CILT seeks review of Nigeria’s transport policy

Mr Raynolds Shodeinde, Assistant Director, Administration, Chartered Institute of Logistics and Transport (CILT), Nigeria has called for urgent review of the National Transportation Policy (NTP) to enhance effective transport management in Nigeria. Shodeinde...

December 7, 2017 No Responses

Ex Volkswagen executive jailed

A former Volkswagen executive has been sentenced to seven years in prison and a $400,000 (£298,778) fine, after admitting he helped the firm evade clean-air laws. Oliver Schmidt, 48, is the second person to be imprisoned in the US over...

December 7, 2017 No Responses

Trump declares Jerusalem as Israel’s capital

DONALD Trump has declared Jerusalem as the capital of Israel. In a speech at the White House, Mr Trump officially recognised the holy city as the capital of Israel and declared his intention to move the US embassy there from...

December 7, 2017 No Responses

EU approves COSCO’s OOCL takeover

The European Commission has given the green light to COSCO Shipping’s bid to take over Orient Overseas (International) Limited. Under the offer launched in July, COSCO Shipping Holdings and Shanghai International Port Group (SIPG) seek to acquire all issu...

December 6, 2017 No Responses

Ministry tackles BUA Group over alleged illegal mining activities

The Ministry of Mines and Steel Development has described a publication signed by the Executive Chairman of the BUA Group, Abdulsamad Rabiu as misleading. According to the Ministry, the publication Titled:“A cry for Help: Wanton Abuse of Power By...

December 6, 2017 No Responses

Zubair, Acting SEC DG insist on Oando’s forensic audit

The Acting Director-General, Securities and Exchange Commission (SEC), Dr. Abdul Zubair, has reiterated SEC’s resolve to conduct a Forensic Audit on the activities of Oando Plc. In a letter dated December 5, 2017 and addressed to the CEO of Oando Plc,.....

December 6, 2017 No Responses

Delta, BoI, development agencies partner to expand market for young entrepreneurs

Country representatives of the World Bank, African Development Bank (AfDB), United Nations Development Programme (UNDP) and other development agencies will be in Asaba from December 13 and 14 to collaborate with the Delta State government in seeking new market...