Business Archives — Page 497 of 522

September 10, 2016 No Responses

GM recalls 4.3m vehicles worldwide

General Motors has recalled 4.3 million vehicles for a software problem that can prevent airbags from deploying in a crash. The defect, which according to agency report affects all of GM’s current full-size pickups and Sports Utility Vehicles (SUVs),...

September 10, 2016 No Responses

Kia introduces 8-speed FWD automatic transmission

Kia Motors has revealed details of its advanced new eight-speed automatic transmission (8AT), engineered for use in front-wheel drive vehicles. Kia’s new front-wheel drive 8AT (FWD 8AT) has been developed in-house by the Korean manufacturer, engineered to of...

September 10, 2016 No Responses

Infiniti delivers 145, 000 vehicles in seven months

Infiniti achieved a new global sales record in August. Total sales of over 17,150 were up 2 percent compared to August 2015 representing the best ever August result. From January to August, Infiniti sold almost 145,000 vehicles, an increase...

September 10, 2016 No Responses

‘Critical Role of regulation in development of Africa’s Ports’

A-two day African Ports Evolution, West Africa edition forum, has ended in Accra with the call for regulation and competitiveness to control the industry. The forum was designed to provide West African government, terminal operators, port authorities and ser...

September 10, 2016 No Responses

‘Samsung Galaxy Note 7 too dangerous to use’

The U.S. Consumer Product Safety Commission says owners of the Galaxy Note 7 smartphones should turn them off and stop using them because of the risk that their batteries can explode. The agency also says it’s working with Samsung on an...

September 10, 2016 No Responses

NIMASA reiterates partnership with Navy

The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has said that the Agency will continue to partner with the Nigerian Navy for the security of Nigerian water ways and the optimum exploration of the...

September 9, 2016 No Responses

N500b bond: Lagos to access N60b in 2016

The Lagos State Bond will span over a period of three to five years, the State Governor, Akinwunmi Ambode has said. According to the Governor, for the current appropriation year, the state can only draw N60 billion from the...

September 9, 2016 No Responses

Frsc deploys 20,000 personnel, 697 vehicles for Sallah patrols

The Federal Road Safety Corps (FRSC) has deployed 20,000 for the sallah celebration scheduled for Monday and Tuesday. According to the FRSC Corps Marshall, Boboye Oyeyemi, the agency was not comfortable with road clashes and casualties, deposit their red...

September 9, 2016 No Responses

Conoil shareholders to get N2.08b dividend

For the year ended December 31, 2015, shareholders of Conoil Plc are to get N2.08 Billion, amounting to N3 per share, compared to N1 paid in the previous year. Despite challenges within the operating year, the company also declared...

September 9, 2016 No Responses

‘We will not abdicate our roles in maritime sector to anybody’

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has restated that the Agency is capable of carrying out its regulatory functions and will not abdicate its mandate to anybody. Dr. Peterside made this...

September 9, 2016 No Responses

Mixed reactions as INEC shifts Edo elections to Sept 28

Mixed reactions continue to trail final decision by the Independent National Electoral Commission (INEC) to postpone Edo Governorship election scheduled for this Saturday toSeptember 28, 2016. While the State Chairman of the All Progressive Congress (APC) M...

September 9, 2016 No Responses

Buhari unveils ‘change begins with me’ campaign

President Muhammadu Buhari has described the new National Orientation Programme, Change Begins With Me, as a determination of his administration to carry all Nigerians along. Speaking at the unveiling of the programme in Abuja, Buhari decried the alleged er...

September 8, 2016 No Responses

NPA boss at LADOL, seeks support for local content development

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala-Usman on Wednesday commended ongoing multi-billion investment at Lagos Deep Offshore Logistics (LADOL). Speaking during a facility tour of LADOL, Bala-Usman reintegrated the resolve...

September 8, 2016 No Responses

NAF conducts special military exercise in Abuja

The Nigerian Air Force (NAF) on Wednesday simulated a counter terrorist exercise at the Nnamdi Azikiwe International Airport, Abuja. According to NAF, the exercise followed on the heels of recent terrorist attacks in some major airports around the world.....