Business Archives — Page 489 of 522

October 3, 2016 No Responses

South Korea votes $13B for Port Expansions

South Korea has revealed its plans to invest some KRW 14.7 trillion (USD 13.3 billion) into the expansion of the country’s ports, according to data released by South Korea’s Ministry of Oceans and Fisheries (MOF). The investment, scheduled to be undertaken in...

October 3, 2016 No Responses

‘How to boost growth, decent work in BRICS countries’

The International Labour Organisation (ILO) Director-General, Guy Ryder, has welcomed the Joint Declaration issued by the BRICS’s Labour and Employment Ministers at the end of their second summit in New Delhi. Addressing participants at the second day of ...

October 3, 2016 No Responses

Quadri exits ITTF World Cup

The dream of another superlative performance on German soil for Africa’s flagbearer, Aruna Quadri was shattered on Saturday at the 2016 ITTF World Cup holding in Saarbrucken, Germany as the Nigerian failed to progress to the second round of the championship...

October 2, 2016 No Responses

NIMASA appoints Snecou debt recovery agent

As part of measures to shore up its revenue base, the Nigerian Maritime Administration and Safety Agency (NIMASA) has appointed Snecou Financial Services Company Limited to assist in revenue generation. The contract which also has the company serving as...

October 2, 2016 No Responses

Emefiele lauds security agencies on prompt rescue of wife from kidnappers

The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has commended security agencies for the prompt rescue of his wife from kidnappers. Emefiele also vowed that he would not succumb to any intimidation in the course of performing...

October 2, 2016 No Responses

NSE Photo News

L – R— Mr. Opeyemi Agbaje, Chief Executive Officer, RTC Advisory Services Limited; Ms. Tinuade Awe, General Counsel and Head, Listing and Regulation Division (LARD), The Nigerian Stock Exchange (NSE); Dr. Okechukwu Enelemah, Honourable Minister of Indu...

October 1, 2016 No Responses

Volkswagen to pay $1.21B claims to 652 customers

(Reuters) Volkswagen AG confirmed late Friday it will make $1.21 billion in payments to 652 U.S. brand dealers as part of a $16.5 billion diesel emissions settlement. VW dealers will receive an average of $1.85 million each on average over...

October 1, 2016 No Responses

Nigeria at 56: TUC seeks viable Oil & Gas sector

The Trade Union Congress of Nigeria (TUC) has challenged the Federal Government to commence of making Nigeria’s Oil & Gas sector more viable. In a message to mark Nigeria’s 56 Independence day celebration, TUC President, Comrade Bobboi Bala Kaigama....

October 1, 2016 No Responses

‘NAFEST has become a tool for economic growth’

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the annual National Festival of Arts and Culture (NAFEST) has evolved from being just an instrument of national unity to becoming a platformto help boost the level of economic...

October 1, 2016 No Responses

LCCI Photo News

Chairman of UBA, Mr Tony Elumelu and Chairman and President, Lagos Chamber of Commerce and Industry [LCCI], Dr Mrs Nike Akande, at at a Business Forum organised by US-Africa Business Center and Thomson Reuters in New York, United States, recently.

September 30, 2016 No Responses

FG implores private sector on economic recovery

The private sector hold the key to the quick recovery of Nigeria’s economy from recession, President Muhammadu Buhari has said. Speaking on Thursday at the 44th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN) in Abuja, Buhari...

September 30, 2016 No Responses

South Africa probes Maersk, CMA CGM, others over alleged price fixing

The premises of six cargo shipping companies operating in the Western Cape and Kwazulu-Natal provinces were raided on September 28, according to the Competition Commission of South Africa. The Commission said it has reasonable grounds to suspect that Hambu...

September 30, 2016 No Responses

Edo: Buhari congratulates Obaseki

President Muhammadu Buhari has congratulated the government and people of Edo State on the successful conclusion of the governorship election and the victory of the All Progressives Congress (APC) candidate Godwin Obaseki. In a telephone call to Edo State Gove...

September 30, 2016 No Responses

Buhari mourns Peres, ex-Israeli President

President Muhammadu Buhari has extended condolences to the government and people of the State of Israel over the death of former President and Prime Minister, Shimon Peres. Buhari, in a statement by the Special Adviser on Media and Publicity, Femi...