Business Archives — Page 301 of 476

November 25, 2017 No Responses

BMW to invest $237m on battery cell center

BMW will bundle its battery cell expertise in a new competence center, the German luxury carmaker said on Friday, adding it would invest 200 million euros ($237 million) in the site over the next four years. “By producing battery-cell prototypes,...

November 25, 2017 No Responses

SIFAX Group Wins Ebute-Ojo Ferry Terminal Concession

SIFAX Group, a multinational corporation with diverse interests in Maritime, Aviation, Haulage & Logistics, Oil & Gas and Hospitality, has been given the concession approval by the Lagos State Government to operate and maintain the Ebute-Ojo Ferry Term...

November 25, 2017 No Responses

Nestle shareholders to get 1,500k interim dividend as Wapic, Zenith, UBA records N5.8b deals in five days

For the period ended September 2017, Nestle Plc has proposed 1500 kobo interim dividend. In a notice to the Nigerian StockExchange (NSE), the company explained that qualification date is 24th November 2017 while closure date is 27th November 2017....

November 25, 2017 No Responses

NPA MD lauds first set of RTG operators in Africa

Like their male counterpart, women can enhance the Maritime Industry and improve the Nation’s Economy, the Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has said Speaking at the Tincan Island Container Terminal Ltd (TICT), the NPA ...

November 25, 2017 No Responses

ILO: Weak recovery in youth labour markets demands sweeping response

Young people are estimated to account for over 35 per cent of the unemployed population worldwide in 2017. While the global youth unemployment rate stabilized at 13.0 per cent in 2016, it is expected to rise slightly to 13.1 per...

November 24, 2017 No Responses

FG uncovers 500 tax fraudsters

The Federal Government has obtained the names of 500 Nigerians implicated in various cases of tax fraud across the country. Mr Laolu Akande, the Senior Special Assistant on Media and Publicity to the President (Office of the Vice President) disclosed...

November 24, 2017 No Responses

Investors stake N1.14b on UBA shares as market capitalisation records N28b growth

United Bank for Africa (UBA) on Thursday emerged the toast of investors with a turnover of 116.63 million shares valued at N1.14 billion on the floor of NigerianStock Exchange (NSE). Access Bank followed with 98.34 million shares worth N987.63 million,...

November 24, 2017 No Responses

Forensic Audit: Court strikes out Oando’s case against SEC

A Federal High Court sitting in Lagos has struck out a case filed by Oando PLC against the Securities and Exchange Commission (SEC) seeking to stop SEC from conducting a forensic audit on the company and also lift a technical...

November 24, 2017 No Responses

2017 Budget: FERMA gets N800m out of N25b

Out of the N25billion budget of the Federal Roads Maintenance Agency (FERMA), only N800million has been received, the Minister of Power, Works & Housing, Babatunde Fashola has said. Briefing members of the Senate Committee on Federal Roads Maintenance A...

November 24, 2017 No Responses

Real Madrid Players get their yearly Audis, many are Q7 SUVs

In Spain it’s that time of the year for Real Madrid’s players to take delivery of their shiny new cars from the team’s sponsor Audi. The company with the four-ring logo joined forces with the hugely popular soccer team back...

November 23, 2017 No Responses

Fidelity Bank disburses N2.5b to 500 SMEs operators

Fidelity Bank Plc says it has disbursed the sum of N2.5 billion out of the Central Bank of Nigeria (CBN) N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF). Mr Nnamdi Okonkwo, the bank’s Managing Director/ Chief Executive Officer...

November 23, 2017 No Responses

Nestle sustains growth profile, hits N1,300 per share

For the third consecutive day, Nestle Nigeria Plc on Wednesday led the gainers’ table, appreciating by N38.84 to close at N1,300 per share. Unilever came second with a gain of N2.15 to close at N39 95, while Zenith International Bank...

November 23, 2017 No Responses

Oba of Benin makes historic visit to Abuja

His Royal Majesty, Omo N, ‘Oba N’Edo Uku Akpolokpolor, Oba Ewuare II- Oba of Benin, on Wednesday made an historic visit to Abuja. The Oba who arrived the Nnamdi Azikiwe International Airport at about 5:05p.m., was received by some Benin...

November 23, 2017 No Responses

Dakuku: Capacity building, sectorial reform critical to maritime security in Gulf of Guinea

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that capacity building initiatives and sectorial reforms are critical elements that can address maritime security issues in the Gulf of Guin...