Information Archives — Page 400 of 513

January 6, 2018 No Responses

Renault, Nissan, Mitsubishi seek robo-taxi deals with tech companies

Renault, Nissan Motor and Mitsubishi Motors are lining up partners for their push into shared driverless robo-taxis. The alliance plans to unveil names in coming months, said Ogi Redzic, a senior vice president overseeing about 1,000 employees developing connectivity services...

January 5, 2018 No Responses

Nigerians import 399,556 vehicles in 2017, generates N137b duty

By Moses Ebosele, ebosele@hotmail.com – Between Janaury and December 2017, Nigerians paid N137billion duty on 399,556 imported used and news vehicles. Speaking at an interactive session with print, television and online editors in Lagos ...

January 5, 2018 No Responses

Baru: FG lost 148,533 million litres of PMS to diversion

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Thursday disclosed that the nation lost about 148,533000 million litres of fuel to diversion during the December fuel crisis in Nigeria. Speaking at an investiga...

January 5, 2018 No Responses

Mechanic in court over alleged N200,000 engine fraud

A 35-year-old mechanic, Adebori Sabitu, was on Thursday arraigned in an Ikeja Magistrates’ Court, Lagos, for allegedly obtaining N200,000 from a customer to fix his car engine. Sabitu, a resident of Igbogbo, Lagos, is standing trial on two count charge...

January 5, 2018 No Responses

Buhari inaugurates Kaduna Inland Dry Port, locomotives

President Muhammadu Buhari says his administration is committed to strengthening the nation’s railway system in order to boost economic activities in the country. Buhari made the commitment while inaugurating two locomotives and 10 standard gauge coaches on ...

January 5, 2018 No Responses

Debut Sovereign Green Bond Oversubscribed

The Debt Management Office (DMO) has announced that the debut Sovereign Green Bond offered to the general public in December, 2017 was very well received by a wide range of investors. In a statement, DMO explained that at the close...

January 4, 2018 No Responses

New Mercedes-Benz G-Class to debut this month

Mercedes will host world premiere of G-Class W464 this in January 2018 at the North American International Auto Show in Detroit. Also, the company will begin to accept orders for the next generation and will have it at dealers...

January 4, 2018 No Responses

Obaseki orders arrest of two employees of BUA over stop-work notice

Governor of Edo State, Godwin Obaseki has ordered the arrest of two employees of BUA International Limited over alleged violation of a Stop Work order issued by the Federal Ministry of Mines and Steel. According to NAN, the order was...

January 4, 2018 No Responses

Minister: Dakuku is not corrupt, has reduced NIMASA’s operating cost by 50 per cent

The Minister of Transportation, Rotimi Amaechi has described the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside as an epitome of good governance and great character. The Minister stated this in Por...

January 4, 2018 No Responses

‘Oando’s forensic audit to commence this month’

There is no going back on the forensic audit of Oando Plc, the Acting Director-General of the Securities and Exchange Commission (SEC), Mr. Abdul Zubair, has said. Speaking at a press briefing in Abuja on Tuesday, Zubair said the...

January 4, 2018 No Responses

NPA reiterates commitment to safety, security standards

The Management of Nigerian Ports Authority (NPA) has expressed concern while sympathizing with those affected in the unfortunate fire incident which occurred at locations in the Tin Can Island Port Complex (TCIPC), Apapa during which no lives were lost. ...

January 3, 2018 No Responses

SEC extends forbearance window for multiple accounts consolidation to March 31

The Securities and Exchange Commission (SEC) has extended the forbearance window for multiple accounts consolidation to March 31, 2018. Speaking at a press briefing on Tuesday in Abuja, Acting Director General of SEC, Dr. Abdul Zubair said:“With a view...

January 3, 2018 No Responses

Kia declares 226,842 sales in December

Kia Motors Corporation announced its December 2017 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 226,842 units sold. In December, sales in Korea slid 6.2% compared with the same month last...

January 2, 2018 No Responses

Buhari to inaugurate Nigeria’s First Inland Dry Port in Kaduna

President Muhammadu Buhari will on Thursday inaugurate the country’s first Inland Dry Port in Kaduna. A statement by Mr Ignatius Nweke, Director Special Duties, Nigerian Shippers Council (NSC), on Monday in Abuja, disclosed this. Nweke said the dry port was....