City Archives — Page 394 of 489

April 4, 2017 No Responses

CBN sets aside $90m for BTA, Medicals

As part of efforts to stabilize the naira, Central Bank of Nigeria (CBN), on Monday, released the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees. Also, the Bank offered a total of $150 million...

April 4, 2017 No Responses

Shell to fuel world’s 1st LNG-Powered Aframax Tankers

Russia’s SCF Group (Sovcomflot) has signed an agreement with Shell Western LNG B.V. (Shell) for the supply of liquefied natural gas (LNG) to fuel the first Aframax crude oil tankers in the world to be powered by LNG. Under the...

April 4, 2017 No Responses

African envoys: India attacks on Nigerians ‘racial’

(BBC)—Envoys from African nations in the Indian capital, Delhi, have condemned the handling of recent attacks on Nigerian students in the city. In a statement, the African Heads of Mission said the attacks were “xenophobic and racial”. Indian...

April 4, 2017 No Responses

Photo News

Chief Leemon Ikpea, Chairman/Chief Executive Officer Lee Engineering and Construction Company, on Thursday, April 30, 2017, graduated from Harvard Business School Owner President Management (OPM) 49 programme, in Boston, Massachusetts, United States. Pictur...

April 3, 2017 No Responses

Labour berates NHIS boss over alleged Interferance in union affairs

Orgnaised Labour under the umbrella of Association of Senior Civil Servants of Nigeria (ASCSN) has berated the Executive Secretary of the National Health Insurance Scheme (NHIS), Professor Usman Yusuf, for allegedly “going underground to sponsor faceless ind...

April 3, 2017 No Responses

BPE decries inadequate dredging of Calabar Seaport Channel

Worried by the inadequate dredging of the Calabar Seaport Channel several years after its terminal was handed over to concessionares, the Bureau of Public Enterprise (BPE) has pledged to “step in” and briefed the Federal Government adequately. According to...

April 3, 2017 No Responses

Deposits in SunTrust Bank hits N4.2b in 2016

For the year 2016, deposit in Sun Trust Bank increased by 432 per cent, making it possible for the bank to declare profit before tax of N343 million, an increase of 160.3 per cent over the N131.9million reported in 2015. Meanwhile its Income tax...

April 3, 2017 No Responses

AXA Mansard Photo News

L – R Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Tosin Runsewe, Chief Client Officer, AXA Mansard Plc; Wilm Langenbach, Chief Executive Officer AXA EMEALATAM; Sola Adeeyo, Chairman AXA Mansard Plc Board of Directors a...

April 3, 2017 No Responses

Report explains 22.4 per cent drop in terminal operators’ earnings

A report published in March by top global accounting and audit firm, Deloitte has revealed that Terminal Handling Charges (THC), which is the main revenue stream of terminal operators in Nigeria, declined by 22.4 per cent between 2006 and 2016...

April 3, 2017 No Responses

Ford recalls 52,000 pick-up trucks

Ford is recalling 52,000 F-250 pick-up trucks over a fault which can cause the vehicle to roll while the automatic transmission lever is in park position. In a statement, the company advised users of the 2017 vehicles, sold in the...

April 3, 2017 No Responses

NIMASA to owners of abandoned ships: Remove or lose them

The Nigerian Maritime Administration and Safety Agency (NIMASA) has warned owners of abandoned Ships/Vessels to urgently remove same from the Nigerian territorial waters on or before 28th of April 2017 or risk sanctions ranging from forfeiture or removal by th...

April 2, 2017 No Responses

Okpekpe Race: Obaseki to run for orphanage

Edo State Governor, Mr Godwin Obaseki has declared his intention to run for an orphanage during the 5th Edition of the 10km Okpekpe Road Race scheduled to hold on May 13 in the state. Obaseki announced this while receiving the organisers of...

April 2, 2017 No Responses

MASSILIA Motors begins free Diagnosis on Mitsubishi Vehicles

Sole distributor of Mitsubishi vehicles in Nigeria, Massilia Motors Limited, has announced a free one week diagnosis for all Mitsubishi vehicles beginning from Monday, April 3 to Friday April 7, in Lagos. Massilia Motors which was recently unveiled as a...

April 1, 2017 No Responses

VW settles 10 U.S. state diesel claims for $157 million

By David Shepardson, Reuters – Volkswagen AG has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world’s largest automaker looks to move past the scandal. The settlement co...