Tag: Business

New Rio wears Kia’s ‘tiger-nose’ grille
September 3, 2016 No Responses

New Rio wears Kia’s ‘tiger-nose’ grille

The all-new, fourth-generation Kia Rio will make its world premiere on 29 September in Paris, at the 2016 Mondial de l’Automobile. Design of the new Rio was led by Kia’s design centers in Germany and California, in close collaboration with...
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Audi mobility servie debuts in Asia
September 3, 2016 No Responses

Audi mobility servie debuts in Asia

Following its successful launch in the United States of America (USA), Audi at home is now also available for the first time in Asia.   In Hong Kong, residents of the exclusive “Dragons Range” complex can make flexible use of...
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Apapa Customs generates N35Billion in August
September 3, 2016 No Responses

Apapa Customs generates N35Billion in August

 For the month of August, 2016, the  Apapa Command of Nigeria Customs Service (NCS) generated N34.9 Billion revenue, about N8 Billion higher than the N27 Billion realised in July.   According to the command, the collection is the highest monthly...
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NECA blames recession on inadequate policies
September 2, 2016 No Responses

NECA blames recession on inadequate policies

The Nigerian Employers Consultative Association of Nigeria (NECA) has blamed Nigeria’s ongoing economic challenges on inadequate policy direction on the part of the present administration.   President of NECA, Mr Larry Ettah, in his address at the Associati...
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Elumelu seeks stronger business tiers between Africa, France
September 2, 2016 No Responses

Elumelu seeks stronger business tiers between Africa, France

The chairman of Heirs Holdings and United Bank for Africa (UBA), Tony Elumelu has called for stronger business relationship between Africa and France.   Speaking at the  MEDEF Summer University Forum in Paris , Elumelu who is also founder of...
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FG to partner Northern States on revival of Durbar Festival
September 2, 2016 No Responses

FG to partner Northern States on revival of Durbar Festival

The Federal Government is to work with the states in Northern Nigeria to revive the Durbar Festival because of its huge potential to showcase the pristine African culture and also create jobs. The Minister of Information and Culture, Alhaji Lai Mohammed,...
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No going back on new minimum wage, says NLC
September 2, 2016 No Responses

No going back on new minimum wage, says NLC

The Nigeria Labour Congress (NLC) yesterday called on  the Federal Government to reconstitute the tripartite committee to negotiate a new minimum wage in view of the current economic recession facing the country.   Speaking at 59th Annual General Meeting, NL...
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Port of Antwerp unveils investment agenda for West Africa
September 2, 2016 No Responses

Port of Antwerp unveils investment agenda for West Africa

The port of Antwerp is to invest into the expansion of West African port of San Pedro, Côte d’Ivoire, as it agreed with the port to collaborate on the expansion plans over the next few years. Work on construction of...
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Airtel, Nestle CEOs list modalities for improved GDP
September 1, 2016 No Responses

Airtel, Nestle CEOs list modalities for improved GDP

The critical role of private sector in the development of Nigeria’s economy took the centre stage on Wednesday at the second edition of Nigerian Stock Exchange (NSE) Chief Executive Officers (CEOs) roundtable discussions in Lagos.   Some Chief Executive Off...
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Nigeria’s GDP Contracts 2.06% as NBS confirms recession
September 1, 2016 No Responses

Nigeria’s GDP Contracts 2.06% as NBS confirms recession

The National Bureau of Statistics (NBS) confirmed on Wednesday that Nigeria has entered the recession bracket.   The situation is further compounded as the country continues to records job losses occasioned by sustained drop in the price of crude oil...
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CBN ​lifts forex ban on eight banks
September 1, 2016 No Responses

CBN ​lifts forex ban on eight banks

The Central Bank of Nigeria (CBN) has re-instated  eight banks banned  from operating in the country’s foreign exchange market.    The re-instated Banks are First Bank of Nigeria (FBN), First City Monument Bank Plc, Diamond Bank Plc, Sterling Bank Plc,.....
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Beware of online fraudsters, SEC cautions investors
September 1, 2016 No Responses

Beware of online fraudsters, SEC cautions investors

The Securities and Exchange Commission (SEC)  has cautioned investors against patronizing illegal operators currently running an online investment scheme tagged ‘MMM Federal Republic of Nigeria’.  According to SEC, the fraudsters carry out their ...
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Workers differ on Aero Contarctor’s suspension of operation
September 1, 2016 No Responses

Workers differ on Aero Contarctor’s suspension of operation

(NAN) Leaders of aviation workers’ union have expressed different views on Aero Contractors’  plan  to suspend flight oeprations from September 1, 2016. Isaac Balami, president, National Association of Aircraft Pilots and Engineers, applauded the decisio...
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Drewry: Pressure Mounts on Carriers to Cut Costs
September 1, 2016 No Responses

Drewry: Pressure Mounts on Carriers to Cut Costs

As the container industry revenues are contracting faster than carriers can cut costs, the shipping consultancy Drewry said that prolonged losses in the container shipping industry are likely to lead to more container merger and acquisition activity or more ...
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