Business Archives — Page 372 of 484

May 22, 2017 No Responses

Dangote Flour unveils new pasta, declares N11.82b profit after tax for 2016

For the year ended December 31, 2016, Dangote Flour Mills Plc has declared profit before tax of N11.82billion The Chairman of Dangote Flour Mills, Asue Ighodalo, while addressing shareholders at the 11th Annual General Meeting in Lagos said “Despite the...

May 22, 2017 No Responses

‘Embracing animation technology will boost Nigeria’s entertainment industry’

The Minister of Information and Culture, Alhaji Lai Mohammed, has made a strong pitch for Nigeria to embrace the growing Animation technology in order to benefit from what has become a $300-billion industry and which represents 25% of the global audiovisu...

May 22, 2017 No Responses

S&P assigns B/B ratings, stable outlook on uba

International Rating Agency, Standard and Poor’s (S&P) has assigned its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial instit...

May 22, 2017 No Responses

Apapa road: Minister blames inadequate budgetary allocation, explains proposed N100b

The reconstruction of Seaports access roads in Lagos State is a priority to the Federal Government, Minister of Power, Works and Housing Mr Babatunde Fashola has said. In an interactive session with Journalists in Abuja after the ministry’s retreat,...

May 22, 2017 No Responses

‘Amendment of NLNG Act will discourage foreign direct investment’

The amendment of the Nigeria LNG Limited (NLNG) Act (Fiscal, Guarantees, Assurances, and Incentives) by the House of Representatives on May 9, 2017 will subject the company to more than just the 3% Niger Delta Development Commission (NDDC) levy due...

May 22, 2017 No Responses

TNL Photo News

Managing Director of Toyota Nigeria Limited (TNL), Kunle Ade-Ojo (Left), emphasisng a point to CNN’s Richard Quest, during an interview session in Lagos, recently.

May 21, 2017 No Responses

NDDC to cancel N200b projects

As part of measures to reduce its project-carrying capacity to a manageable size, the Niger Delta Development Commission (NDDC) at the weekend threatened to expunge N200b worth of projects from its book. Speaking during a visit to the Governor...

May 21, 2017 No Responses

Released Chibok girls reunite with families

The 82 rescued Chibok school girls have been reunited with their parents in an emotion laden occasion in Abuja on Saturday. The girls were earlier reunited with 24 others who were rescued by the Federal Government last year. In her...

May 21, 2017 No Responses

GM to stop making cars for Indian market

(BBC) – General Motors (GM) has announced that it will stop making cars for the Indian market by the end of 2017. The firm, which sells its Chevrolet brand in India, said it would continue to provide maintenance services. It...

May 21, 2017 No Responses

Photo News

Acting President, Prof Yemi Osinbajo (Middle) and Ondo State Governor, Oluwarotimi Akeredolu (Right) at the burial of late military Governor of the defunct Western Region, Gen Adeyinka Adebayo on Saturday in Ekiti

May 20, 2017 No Responses

Audi declares €1.2b profit in first quarter, to renew five existing model series in 2018

Following a year that was impacted by the diesel crisis, Audi plans to continue pushing forward with its strategic transformation. At the Annual General Meeting in Neckarsulm, the Board of Management explained the company’s plans for its models, technologies...

May 20, 2017 No Responses

Toyota Nigeria to sustain quality after-sales support, explains partnership with stakeholders

To sustain its leadership position across the country, Toyota Nigeria Limited (TNL) has put in place cost management measures, boost its after sales services and ensure good relationship with all stakeholders. Reviewing 2017 first quarter activities in th...

May 20, 2017 No Responses

‘NCC’s mandate is to ensure all stakeholders are protected’

By Prof. Umar Danbatta, Executive Vice Chairman, NCC – The Nigerian Bureau of Statistics in its first quarter telecommunications sector report for 2016 placed Lagos voice subscriber base at 19.04 million or 12.8% of the country’s subscribers and 1...

May 20, 2017 No Responses

SIFAX Haulage, SAHCOL get Nigerian Transport Award

Two subsidiaries of SIFAX Group; SIFAX Haulage and Logistics Limited and Skyway Aviation Handling Company Limited (SAHCOL) won two major awards at the 5th Nigeria Transport Awards held in Lagos. SIFAX Haulage and Logistics Limited won the Haulage & Logisti...