City Archives — Page 461 of 482

September 5, 2016 No Responses

‘INNOSON operation is on, plant not shut’

Innoson Vehicle Manufacturing Company Limited (IVM), is still producing vehicles with full complement of its workers, and has not shut the plant in Nnewi as reported recently in some sections of the media. This was contained in a statement issued...

September 5, 2016 No Responses

First Nation resumes September 15

Barely one week after suspending its operations, FirstNation Airways is to resume onSeptember 15, 2016. In a statement, FirstNation’s Head of Corporate Affairs, Rasheed Yusuf explained that the airline suspended operations to carry out routine maintenan...

September 5, 2016 No Responses

Tincan Island Port generates N26.2 Billion in August

For the Month of August 2016, the Nigeria Customs Service (NCS), Tincan Island Command generated N26.2 Billion revenue. According to the command, the figure represents a positive signal “going by the indices of the previous month”. It will...

September 5, 2016 No Responses

FG faults US Congressman’s report on Nigeria

The Federal Government has described as ‘sadly out of tune with reality’ the published letter from US Congressman Tom Marino to Secretary of State John Kerry, asking the US to withhold security assistance to Nigeria on the strength of ‘some...

September 5, 2016 No Responses

Obasanjo denies report on Buhari’s second term

Former President, Olusegun Obasanjo has denied media report that he asked President Muhammadu Buhari not to seek re-election in 2019. A former Chief Press Secretary to Mr. Obasanjo, Alex Nwokedi, was quoted to have made the comment on behalf of...

September 5, 2016 No Responses

Catholic Church declares Mother Teresa a Saith

Nineteen years after her death, Mother Teresa of Calcutta, known as the “saint of the gutters” during her life wason Sunday declared a saint of the Roman Catholic Church by Pope Francis. According to Agency reports, Tens of thousands of...

September 5, 2016 No Responses

Meet New Executive Directors of NIMASA

Following the appointment of a Governing Board for the Nigerian Maritime Administration and Safety Agency (NIMASA) by President Muhammadu Buhari, the Executive Directors have assumed their respective duties. In their letters of appointment signed by the Sec...

September 4, 2016 No Responses

‘Foreigners can now invest in T-Bills, others’

The Central Bank of Nigeria (CBN) has unveiled new guidelines which empowers foreigners to invest in short-term debts and securities. Under the arrangement, foreigners can now invest in Treasury Bills (T-Bills), Federal Government Bonds, certificates ...

September 4, 2016 No Responses

Adequate maritime security requires planning, says Peterside

The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Dr. Dakuku Peterside has stated that ensuring a good security in the maritime industry requires careful planning and stringent implementation. The DG stated this during th...

September 3, 2016 No Responses

Auto policy proposed review ignites fresh controversy

The resolve by the Federal Government to review ‘some aspect’ of the automotive policy is generating anxiety among investors and stakeholders in the sector. The technical committee on the review under the chairmanship of Director General of Nationa...

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...

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...

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...

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...