City Archives — Page 382 of 489

May 13, 2017 No Responses

BMW to revive 8 series in upmarket strategy push

By Edward Taylor, Reuters – BMW Group said it will launch an 8-series model in 2018, reviving its upmarket coupe line as part of a broader strategic shift to focus on higher-margin sports cars rather than compact vehicles. “The 8-series...

May 13, 2017 No Responses

Haastrup: Success of port concession has opened more business opportunities

The Federal Government has been commended for its foresight in concessioning terminal operations at the nation’s seaports. Chairman, Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, who gave the commendation said the succes...

May 13, 2017 No Responses

LCCI Photo News

L-R: Mr. Ken Abazie, Chairman, Lagos Chamber of Commerce and Industry (LCCI) Petroleum Downstream Group; Dr. Mrs. Nike Akande, President, LCCI; Mr. Ikem Obih, Representative of the Minister of State for Petroleum and Group Executive Director/COO, Downstream, N...

May 12, 2017 No Responses

Oando seeks approval to refurbish refineries

Oando Plc is to seek the approval of the Federal Government to refurbish one or two refineries as part of measures to end fuel importation. Speaking during the company’s facts behind the figure at the Nigerian Stock Exchange (NSE)...

May 12, 2017 No Responses

NASS earmarks N23.7B for personnel cost in 2017

The National Assembly has earmarks N125billion for its 2017 budget, up from N115billion in 2016. Under the arrangement, total personnel cost is N23,789,787,880 while total overhead cost is N85,878,619,888; total capital cost will gulp N14,940,196,063. A...

May 12, 2017 No Responses

National Assembly passes N7.441tri 2017 Budget

The 2017 budget of N7.441trillion was on Thursday passed by the two chambers of the National Assembly. President Muhammadu Buhari had on December 14, 2016 presented a N7.298 trillion estimate before the joint session of the National Assembly. In the...

May 12, 2017 No Responses

NNPC Chief Executives sign performance bond with GMD

The journey to the transformation of the Nigerian National Petroleum Corporation (NNPC) into a commercially focused and profitable business organization has been taken a notch higher with the signing of a performance bond by the Chief Operating Officers (COO) ...

May 12, 2017 No Responses

Maersk Group declares $253m profit in first quarter

Danish shipping and offshore energy conglomerate Maersk Group reported its profit at USD 253 million for the first quarter of 2017, compared to USD 224 million seen a year earlier, in line with expectations. The group’s revenue increased by 5 percent...

May 12, 2017 No Responses

FRSC boss implores commanding officers on purposeful leadership

At the first quarter review of the 2017 Management/Commanding Officers Strategy Session of the Federal Road Safety Corps (FRSC) at the Corps’ Academy at Udi, Enugu state, the Corps Marshal of the FRSC, Dr Boboye Oyeyemi has charged Unit Commanders fro...

May 12, 2017 No Responses

Photo News

Ag. President, Prof. Yemi Osinbajo at the Katsina MSMEs Clinics on Thursday.

May 11, 2017 No Responses

Proposed amendment to NLNG Act threatens 18,000 potential jobs

Ongoing efforts by the National Assembly to amend the Nigeria LNG Act is a direct threat to the expected 18, 000 construction jobs for Trains 7 and 8, General Manager, External Relations Division, Kudo Eresia-Eke has said. Speaking at...

May 11, 2017 No Responses

Nigeria intensifies partnership with Brazil on sustainable growth in Agriculture, targets 960,000 tractors in eight years

Inline with ongoing measures to revamp Agriculture across the country, the Federal Government through the Minister of Agriculture and Rural Development, Chief Audu Ogbeh has signed the Protocol of Intention for Nigeria to access Agricultural mechanization ...

May 11, 2017 No Responses

Port of Virginia hosts COSCO Development

The Port of Virginia welcomed on May 8 COSCO Development, the largest containership to call this port and the US East Coast. The 13,092 TEU boxship breaks the previous record held by the 10,000 MOL Benefactor when it sailed to Norfolk International Termin...

May 10, 2017 No Responses

‘Proposed amendment of NLNG Act is direct attack on ease of doing business, foreign investment to Nigeria’

By Moses Ebosele – The Managing Director of Nigeria NLNG, Tony Attah, has described proposed amendment of the NLNG Act as a “direct attack on the present Government’s ease of doing business agenda” and effort to attract direct foreign...