Information Archives — Page 384 of 478

November 8, 2017 No Responses

Toyota declares $63.45 b revenue in Q2

Toyota Motor’s operating profit climbed 10 percent in the latest quarter as windfall gains from favorable foreign exchange rates offset weakening business in the key U.S. market, where rising incentives and falling wholesale volume dented regional profitability. Citing the better...

November 8, 2017 No Responses

Importer faces trial over alleged re-branding of Dangote Sugar

A 72-year-old businesswoman, Esther Akinsanya, was on Tuesday charged before a Federal High Court in Lagos over alleged packaging of unregistered Brazilian sugar as Dangote granulated sugar. The accused is charged alongside her company, Esther Olufumilayo Nig....

November 7, 2017 No Responses

Elumelu at Presidential Villa, implores investors on Nigeria’s business ranking

Foremost industrialist and entrepreneur, Tony Elumelu, on Monday urged Nigerian and foreign investors to take advantage of the World Bank’s Ease of Doing Business ranking of Nigeria to invest in the country. Speaking with Journalists after a visit to the.....

November 7, 2017 No Responses

Total top losers’ table as market capitalisation records N3b loss

Transactions on the floor of Nigerian Stock Exchange (NSE) resumed on a negative note on Monday as market capitalisation, which opened atN12.784 trillion, dropped by three billion naira or 0.02 per cent to close at N12.781 trillion. Also, the All-Share...

November 7, 2017 No Responses

FG to demolish Costain, Jibowu bridges as construction of Standard Gauge rail track begins in December

The Minister of Transportation, Rotimi Amaechi on Monday said the laying of tracks of Lagos-Ibadan standard gauge rail line would start in December. He also said that Jibowu and Costain bridges in Lagos would be demolished to give way for...

November 7, 2017 No Responses

Weststar, Barbedos flags off Mercedes-Benz special service campaign in Abuja

As part of strategic directions aimed at achieving superior after-sales quality of service and enhancing customer relationship, Weststar Associates Limited (Authorized General Distributors of Mercedes-Benz Passenger and Commercial vehicles in the Federal Repub...

November 7, 2017 No Responses

Labour To National Assembly: Support Bailout To States

Organised Labour under the auspices of Association of Senior Civil Servants of Nigeria (ASCSN) has enjoined the National Assembly to support the effort of the Federal Government to settle all arrears of salaries and pensions owed workers and pensioners in...

November 7, 2017 No Responses

Coscharis Photo News

R – L: Abiona Babarinde, General Manager Marketing and Corporate Communications, Coscharis Group; Felix Mahan, Brand Manager; Coscharis Motors Plc; Edwin Okonkwo, Sales Executive, Abro, Coscharis Motors Plc; at the Abro exhibition stand during the 2017...

November 7, 2017 No Responses

TinCan Island Port generates N237.26b revenue in 10 months

Between January and October, this year, the Nigeria Customs Service, Tincan Island Port Apapa Lagos,generated N237.26 billion revenue, compared with N207.93 billion recorded in the corresponding period in 2016. In a statement on Monday, the Controller of the...

November 6, 2017 No Responses

Online shopping comes under scrutiny

China has created a new law to impose heavy fines on internet shopping websites which publish false advertisements about their products. Vendors who delete negative online reviews or post fake positive reviews face a minimum $30,000 (£23,000) fine. The new...

November 6, 2017 No Responses

NAHCO appoints Idris Yakubu Managing Director

The Board of Nigerian Aviation Handling Company Plc (Nanco Aviance) has approved the appointment of Mr Idris Yakubu as the substantive Managing Director/Chief Executive Officer of the company with effect from November 3, 2017. Yakubu replaces Mrs Folashade ...

November 6, 2017 No Responses

Lagos to unveil more waterways security

Lagos State Governor, Akinwunmi Ambode on Sunday inaugurated three executive boats procured strictly for official use by the state government. The governor said during the inauguration at the Caverton Jetty on Victoria Island that the government had made sev...

November 6, 2017 No Responses

Edo seeks new investor for Ava Cement Factory

The Governor of Edo State, Mr Godwin Obaseki, has said the state is negotiating with the Assets Management Corporation of Nigeria (AMCON) to get a new investor for Ava Cement Factory located in the state. Obaseki announced this at Igarra,...

November 6, 2017 No Responses

Security report predicts peaceful guber polls in Anambra

A Pre-Election Security Assessment report has predicted that the Noveber 18, 2017 Anambra Governorship Election would be generally peaceful. The report according to the Independent National Electoral Commission (INEC), Director of Publicity and Voter Educati...