Information Archives — Page 327 of 433

December 11, 2017 No Responses

NIMASA to partner defence agencies on research, development

The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Dr. Dakuku Peterside has stated that the Agency is ready to partner with the Defence Research and Development Bureau for the growth of the Nigerian maritime sector. ...

December 11, 2017 No Responses

Edo farmers, investors to get N500m Agric Credit

To provide guarantee for agribusiness investments in the state, the Edo State Government has partnered the Central Bank of Nigeria (CBN) to set up a N500 million Commercial Agricultural Credit Scheme (CACS). Governor of Edo State, Mr. Godwin Obaseki, reveale...

December 11, 2017 No Responses

Qatar stakes £6b on 24 eurofighter jets

A £6bn deal to sell Eurofighter Typhoons to Qatar will help safeguard thousands of UK jobs. BAE Systems employs about 5,000 people in the UK to build the fighter jets, mainly at Warton in Lancashire. Qatar’s purchase of 24...

December 10, 2017 No Responses

CMA CGM Wraps Up Mercosul Takeover from Maersk Line

French shipping major, CMA CGM has completed the acquisition of Brazil’s container shipping line, Mercosul Line from Maersk Line. CMA CGM and Maersk Line announced the deal in June as part of Maersk Line’s move to acquire Hamburg Süd, which...

December 9, 2017 No Responses

Mercedes-Benz hits 2.1m sales mark

This November, Mercedes-Benz delivered 195,698 vehicles to its customers, thus achieving the 57th record month in succession with a 7.2% increase. This adds up to a sale of 2,095,810 units since the beginning of the year 2017. This represents not...

December 9, 2017 No Responses

Transcorp Hilton Abuja Wins 2017 World Luxury Hotel Awards

Nigeria’s Landmark hotel, Transcorp Hilton Abuja, has emerged the winner of two 2017 World Luxury Hotel Awards in the Best Luxury Contemporary Hotel (Nigeria) and Best Luxury City Hotel (West & Central Africa) categories. The multiple award-winning fi...

December 8, 2017 No Responses

NLNG to supply 350ktpa of DLPG through dedicated vessel

Nigeria LNG (NLNG) has reiterated its commitment to continue to support growth of the LPG industry by dedicating 350,000 metric tonnes per annum of cooking gas otherwise known as Domestic LPG (DLPG) to the country, to ensure reliable and affordable...

December 8, 2017 No Responses

Weststar terminates distributorship of Chrysler, Dodge, Jeep, RAM, Fiat

As part of measures to consolidate and expand the Mercedes-Benz business in Nigeria, Weststar Associates Limited and FCA have resolved to “mutually terminate its distributorship agreement”. Under the arrangement, with effect from Monday, 5th December 20...

December 8, 2017 No Responses

UK varsity graduates 59 Nigerian cadets

The Capacity Building initiative of the Nigerian Maritime Administration and Safety Agency (NIMASA) through the Nigerian Seafarers Development Programme (NSDP) has again received another boost as 59 of the beneficiaries have graduated from the Liverpool John M...

December 8, 2017 No Responses

Obaseki commissions glass factory

Edo State Governor, Mr. Godwin Obaseki has commissioned Rongsheng Glass Nigeria Limited in Utesi, Benin City. The factory is located in Utesi Village, by Benin By-Pass, Ikpoba Okha Local Government Area. Speaking at the unveiling ceremony, the Governor ex...

December 8, 2017 No Responses

SIFAX Group Photo News

One of Nigeria’s music sensations, Damilola Afolabi (LAX), recently paid a courtesy visit on contestants of The Next Titan, an entrepreneurial reality TV show, which is sponsored by SIFAX Group.LAX (m), with contestants and producers of The Next Titan Entrep...

December 7, 2017 No Responses

World Bank to support power sector recovery agenda in Nigeria with $1b

The World Bank is to support Nigeria’s Power Sector Recovery Programme (PSRP) with not less than $1billion. In a statement on Wednesday, the Bank explained that its delegation had informed the Federal Government that it was pleased with progress in...

December 7, 2017 No Responses

CILT seeks review of Nigeria’s transport policy

Mr Raynolds Shodeinde, Assistant Director, Administration, Chartered Institute of Logistics and Transport (CILT), Nigeria has called for urgent review of the National Transportation Policy (NTP) to enhance effective transport management in Nigeria. Shodeinde...

December 7, 2017 No Responses

Ex Volkswagen executive jailed

A former Volkswagen executive has been sentenced to seven years in prison and a $400,000 (£298,778) fine, after admitting he helped the firm evade clean-air laws. Oliver Schmidt, 48, is the second person to be imprisoned in the US over...