Economy Archives — Page 217 of 222

July 18, 2016 No Responses

New NPA MD resumes today

By Moses Ebosele The newly appointed Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala-Usman is to formerly resume today, July 18th, 2016. City BusinessNews gathered yesterday that the immediate past Managing Director, Habib Abdullahi is scheduled to...

July 18, 2016 No Responses

Aisha Buhari, Osinbajo, Awolowo, Elumelu, seek support for women entrepreneur

Leading African businessman and philanthropist, Tony O. Elumelu CON joined recently joined the First Lady of Nigeria, Mrs. Aisha Buhari, wife of the Vice President, Mrs. Dolapo Osinbajo, Nigerian Export Promotion Council (NEPC) Chief Executive Officer, Segun A...

July 18, 2016 No Responses

Skye Bank shares maintains slidding profile

By Moses Ebosele The shares of Skye Bank Plc has continued its free fall on the floor of Nigerian Stock Exchange (NSE). At the end of trading for the week ended Friday July 15, 2016, the Bank shares...

July 18, 2016 No Responses

SEC boss pledges to raise market participation

AS part of measures to deepen Nigerian capital market, the Securities and Exchange Commission (SEC) has expressed its determination to raise the participation of retail investors. Speaking during a visit to the Federal Radio Corporation of Nigeria (FRCN) in ...

July 18, 2016 No Responses

‘How to curtail premature death through investment in Energy’

By Moses Ebosele Sustained investment in Energy could curtail premature deaths associated with air pollution by half in 2040. According to a report put together by International Energy Agency (IEA),each year an estimated 6.5 million deaths are linked ...

July 18, 2016 No Responses

G-20 Ministers pledge decent work, more job opportunities

By Moses Ebosele Labour and Employment Ministers from G-20 have agreed to advance decent work, enhance employability, and generate adequate job opportunities. At the end of a two-day meeting in Beijing, Chinese Minister of Human Resources and Social...

July 16, 2016 No Responses

Between practicality and new Jaguar F-PACE

By Moses Ebosele – Technically, the new Jaguar F-Pace Sports Utility Vehicle (SUV) is inspired by the sensational F-Type. Right from the bonnet to the rear, the signatures are similar. The F-PACE exhibits the DNA of a sports car. Information...

July 16, 2016 No Responses

Customers embrace 110,200 infiniti vehicles in six months

Infiniti finished the first half of 2016 with a new sales record. The company sold more than 110,200 vehicles, an increase of 7 percent over the same period last year. In the month of June, more than 19,300 vehicles were...

July 16, 2016 No Responses

Kia Motors declares 268,886 sales in June

By Moses Ebosele – For the month of June 2016, Kia Motors Corporation has announced global sales figures (export sales, domestic sales and sales from overseas plants) for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a ...

July 16, 2016 No Responses

Ford invests in self-driving map for cars

Ford Motor Company is among five investors providing $6.6 million in seed funding for Civil Maps, a California startup that creates three-dimensional maps for autonomous cars. The other participants are Motus Ventures, Wicklow Capital, StartX Stanford and AME ...

July 16, 2016 No Responses

Picketing of NECA by NLC illegal, says Oshinowo

The Nigeria Employers Consultative Association (NECA) has crirised distruption of its scheduled Annual General Meeting (AGM) by Nigeria Labour Congress (NLC) led by Joe Ajaero. NECA in a statement said the protesting workers did not allow any person to...

July 15, 2016 No Responses

Nigerian Breweries records 11.24 % drop in profit

For the first half of 2016, Nigerian Breweries Plc has declared profit after tax of N19.06billion, a drop of 11.24 per cent when compared to N21.47 billion recorded within same period in 2015. However, the unaudited and provisional results released...

July 15, 2016 No Responses

Fitch affirms UBA’s viability rating as Agusto upgrades rating to “Aa”

*Stock now best performing on the exchange. Foremost global rating agency, Fitch International has affirmed United Bank for Africa (UBA) Plc’s viability rating at “B”. Meanwhile, the pan-African banking group has continued to sustain its benchmark asse...

July 15, 2016 No Responses

Buhari, Osinbajo, Elumelu sign women empowerment initiative

African businessman and philanthropist, Tony O. Elumelu, CON, joined the First Lady of Nigeria, Mrs. Aisha Buhari and wife of the Vice President of Nigeria, Mrs. Dolapo Osinbajo at a forum and exhibition on Nigerian Women in Export, held in...