Business Archives — Page 502 of 522

August 30, 2016 No Responses

Pay Siasia his emoluments, Dalung tells NFF

The Minister of Youth and Sports, Solomon Dalung, has directed the Nigeria Football Federation (NFF) to pay the U-23 national team’s Coach, Samson Siasia, all his emoluments. Speaking during the visit of Siasia and his wife, Eunice, to Dalung...

August 29, 2016 No Responses

LCCI faults suspension of Banks from forex transactions

The Lagos Chamber of Commerce and Industry (LCCI) on Sunday described the suspension of nine Banks from foreign exchange (forex) transactions as counter productive. LCCI Director General, Muda Yusuf said: “These are shocks that the economy can ill afford....

August 29, 2016 No Responses

Psychology, persuation key to tax administration, says Fowler

Apart from deploying the law, enforcement, technology and mobilization, tax administrators must use psychology, persuasion and being firm to convince their fellow countrymen to pay tax, the Executive Chairman, Federal Inland Revenue Service (FIRS) Mr. Tun...

August 29, 2016 No Responses

Niger Republic begins cargo clearance in Nigeria October

(NAN) Shipping companies in Niger Republic are to return to Nigerian ports in October for cargo clearance, 10 years after they pulled out of Nigeria. A Representative of the national shipping council of Niger Republic, Idi Hamissou, made the disclosure...

August 29, 2016 No Responses

Lagos gives owners of illegal structures 14-day ultimatum

The Lagos State Government has given 14-day ultimatum to owners of illegal structures and street hawkers in Ikoyi, Victoria Island and Lekki areas. According to the Secretary to the State Government, Tunji Bello, owners of such structures should remove them....

August 29, 2016 No Responses

Ezeh tasks judiciary on corruption cases

A former Director-General of the Bureau of Public Procurement (BPP), Engr. Emeka Ezeh has said that it is wrong to see everyone who serves in government as a thief, “because people go into government for different reasons”. He also...

August 29, 2016 No Responses

Moody’s, Augusto rate Heritage Bank high on strong capitalisation, asset quality

Two foremost rating agencies, Moody’s and Augusto & Co. recently affirmed that Heritage Bank’s capitalization remains sound in relation to its low asset risk model and has capacity to generate income from its core business and settle its obligation...

August 29, 2016 No Responses

NPA redeploys General Managers

The Managing Director of Nigerian Ports Authority (NPA) has redeployed 19 senior management staff including General Managers. Under the new arrangement, Mrs Akinbayo C. O. and Ephraim Okon who were Asst. General Managers Admin and Commercial respectively ar...

August 28, 2016 No Responses

FirstBank partners NBCC on MSME development

First Bank of Nigeria Limited is to partner the Nigerian-British Chamber of Commerce (NBCC) to jointly host a Micro, Small & Medium Size Enterprises (MSME) workshop with the theme: “Fundamentals of Building a Sustainable Business”. According to First...

August 28, 2016 No Responses

NIMASA clarifies position on Customs Board

The Nigerian Maritime Administration and Safety Agency (NIMASA) has dissociated itself from a report credicted to one of its staff, Mr Momoh Alhassan. Mr Alhassan who spoke at an event organised by the Nigerian Customs Service (NCS) to sensitise...

August 27, 2016 No Responses

Ford recalls 114,000 vehicles worldwide

Ford Motor Company said it was recalling about 91,000 vehicles worldwide to replace faulty fuel-pump parts that could potentially cause a car to stall without warning. Ford, in a statement also said it was recalling 23,150 Ford Escape Sports Utility...

August 27, 2016 No Responses

Paris world premiere for all-new Kia Rio

The all-new, fourth-generation Kia Rio will make its world premiere on 29 September in Paris, at the 2016 Mondial de l’Automobile. The Rio’s progressive new exterior and interior design was led by Kia’s design centers in Germany and California, in...

August 27, 2016 No Responses

Toyota begins RAV 4 production at Saint Petersburg

Production of the current generation Toyota RAV4 commenced on August 22, 2016 at Toyota plant in Saint Petersburg. The best-seller Toyota RAV4 became the second model to be produced at the Saint Petersburg plant together with the Toyota Camry, which...

August 27, 2016 No Responses

Volkswagen delivers 5.90 million vehicles in seven months

The Volkswagen Group grew deliveries in the first seven months of the year by 1.3 percent compared with the prior year. 5.90 million vehicles were handed over to customers worldwide from January to July. 787,300 vehicles were delivered in...