Tag: Business

Customs intercepts truck with adulterated diesel products
December 15, 2016 No Responses

Customs intercepts truck with adulterated diesel products

The Nigeria Customs Service ((NCS), Federal Operations Unit (FOU),  Zone ‘C’ Owerri has intercepted a truck suspected of carrying adulterated diesel product. According to the Customs Area Controller in charge of the unit, Comptroller Mohammed Uba Garba, the exhibit was...
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NSE admits N6.3b Wema Fund SPV Bond
December 15, 2016 No Responses

NSE admits N6.3b Wema Fund SPV Bond

The Nigerian Stock Exchange (NSE) has announced the Listing by Introduction of N6,295,000,000 Series 1:7-Year 18.50% Fixed Rate Bond Due (2023) under the N50,000,000,000 Wema Funding SPV Plc Debt Issuance Programme.   Commenting on the listing, Oscar N. Onye...
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Chevron cancels $1.9B FPSO order
December 15, 2016 No Responses

Chevron cancels $1.9B FPSO order

Chevron North Sea Limited has canceled its order for a Floating Production Storage Offloading (FPSO) unit at South Korea’s Hyundai Heavy Industries. The shipbuilding contract, signed in April 2013, was valued at KRW 2.157 trillion (around USD 1.85 billion)...
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Kia gets two ‘good design’ awards
December 15, 2016 No Responses

Kia gets two ‘good design’ awards

Kia Motors has won two 2016 GOOD DESIGN awards, for the Telluride Concept and the production Cadenza sedan, in the program’s ‘Transportation’ category. This is the seventh consecutive year in which the Korean manufacturer has received GOOD DESIGN awards,...
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NLNG completes $12m USP scheme, commissions UNIMAID engineering laboratory
December 14, 2016 No Responses

NLNG completes $12m USP scheme, commissions UNIMAID engineering laboratory

Nigeria LNG Limited (NLNG) has completed one of its flagship Corporate Social Responsibility (CSR) programmes, the University Support Programme (USP), with the commissioning of the sixth $2 million engineering laboratory at the University of Maiduguri (UNIMAID...
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Lagos records 246 murder cases, 162 rape in one year
December 14, 2016 No Responses

Lagos records 246 murder cases, 162 rape in one year

Not less than 246 persons were murdered in Lagos between December 2015 and November 2016. Also within the period, 542 vehicles were stolen and 486 armed robbery suspects arrested, 162 rape/defilement cases reported  and 51 kidnapped cases were recorded while....
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NIMASA reiterates support for amnesty programme
December 14, 2016 No Responses

NIMASA reiterates support for amnesty programme

The Nigerian Maritime Administration and Safety Agency (NIMASA) has reiterated its commitment to Presidential Amnesty Programme as part of measures to ensure proper rehabilitation and reintegration of the ex-agitators in the Niger Delta Region. The Director Ge...
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Ministers lauds Academy Press N2b investment in modern equipment
December 14, 2016 No Responses

Ministers lauds Academy Press N2b investment in modern equipment

The Minister of Information and Culture, Alhaji Lai Mohammed, has lauded the Lagos-based printers Academy Press Plc for showing great confidence in the country’s economy through the investment of N2billion in acquiring modern equipment within one year. T...
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First Bank explains FirstStars Reality TV Show
December 14, 2016 No Responses

First Bank explains FirstStars Reality TV Show

In September 2015, First Bank of Nigeria Limited launched FirstStars,  a premier filmmaking competitive reality TV show where Nigerian youths were given the opportunity to project their creative skills in directing, producing, art directing, script writing an...
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Gambia security forces ‘seize election commission HQ’
December 14, 2016 No Responses

Gambia security forces ‘seize election commission HQ’

The Gambia’s security forces have taken over the headquarters of the electoral commission, its chairman says, as the country’s president refuses to accept his loss in recent elections. Alieu Momar Njai told the BBC that staff were barred from enter...
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Channels Photo News
December 14, 2016 No Responses

Channels Photo News

From left: Chairman and Chief Executive of Channels Television, Mr John Momoh, his wife, Mrs. Olusola Momoh; Chairman, Dangote Group, Alhaji Aliko Dangote and the Minister of Information and Culture, Alhaji Lai Mohammed at the 21st Anniversary of Channels Tele...
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‘Millions of jobs are needed to ensure essential health care’
December 13, 2016 No Responses

‘Millions of jobs are needed to ensure essential health care’

An estimated 50 million decent jobs are needed to address essential global health requirements through Universal Health Coverage (UHC), International Labour Organisation (ILO) has revealed. The report explained that it is the only way to ensure human security,...
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FG to construct 400 dams before 2019
December 13, 2016 No Responses

FG to construct 400 dams before 2019

The Federal Government is to construct additional 400 dams to boost irrigation across the country before 2019. Speaking in Abuja at the 32nd Annual Meeting of the Food Crisis Prevention Network, President Muhammadu Buhari explained that due to the growing...
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Jammeh ‘should step down now’
December 13, 2016 No Responses

Jammeh ‘should step down now’

(BBC) The Gambia’s opposition coalition has asked President Yahya Jammeh to step down immediately, after he challenged his defeat in the recent election. Mr Jammeh initially accepted the result but then reversed his decision, saying he would annul the vo...
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