Information Archives — Page 431 of 499

August 19, 2017 No Responses

Prosecutors recommend three years in prison for VW engineer

Federal prosecutors in the United States on Friday recommended a three-year prison sentence for Volkswagen AG engineer James Liang for his role in a diesel emissions scandal that has cost the German automaker as much as $25 billion. Liang, who...

August 19, 2017 No Responses

150 traders benefit from Taiwo Afolabi Free Health scheme

Over 150 traders at the popular Gbagi market in Ibadan have enjoyed free medical and dental care at the community health outreach sponsored by SIFAX Group in the market. Taiwo Afolabi Community Dental Outreach, which is organised by the...

August 18, 2017 No Responses

FG begins audit of banks’ remittances to CBN

The Federal Government has commenced audit of remittances of its funds into the Treasury Single Account (TSA) by Deposit Money Banks. Speaking in Abuja at a two-day workshop for finance journalists on the TSA and other public financial management...

August 18, 2017 No Responses

Maersk CEO: For now, no reason to order new megaships

There is no incentive to order new ultra large containerships from a cost perspective right now, despite extremely low prices of newbuilding tonnage, Chief Executive Officer of A.P. Møller – Mærsk A/S,Søren Skou has said As highlighted by Skou, five ...

August 18, 2017 No Responses

Aisha Buhari condoles with Sierra Leone over landslide

Wife of the President, Mrs. Aisha Muhammadu Buhari has extended a message of condolence to the government and people of Sierra Leone over the disaster caused by a landslide in the Regent region of the country. The message was conveyed...

August 18, 2017 No Responses

Dickens Sanomi Foundation sponsors medical bill of 6 year old Boko Haram victim.

The Dickens Sanomi Foundation has offered to pay the medical bill of Ali Ahmadu, a six year old boy from Borno State, who was run over by Boko Haram terrorists when they invaded Chibok village three years ago. The medical...

August 18, 2017 No Responses

Anti-theft product:Nissan dealer to pay $298,000 penalties

New York dealership of Nissan, New Rochelle has agreed to pay more than $298,000 in restitution and penalties for deceptively charging hundreds of customers for a phony anti-theft product. According to a report from Automotive News, Panarella purchased Ni...

August 17, 2017 No Responses

NNPC explains $3b yearly drop in production cost

The Nigerian National Petroleum Corporation (NNPC) has saved the nation a minimum of $3billion yearly from the reduction in the cost of crude oil production. NNPC in a statement explained that the development has driven down the cost of...

August 17, 2017 No Responses

GM to delist shares from stock exchange

General Motors Company is delisting its shares from the Toronto Stock Exchange (TSX) in Canada effective at the end of November. The company’s shares will still be traded in New York. In a statement, the automotive company said there was...

August 17, 2017 No Responses

Maersk Group posts $264m loss in Q2

Danish energy and transportation giant A.P. Moller – Maersk sailed into a loss of $ 264 million in the second quarter of 2017, a switch from last year’s profit of $118 million. Maersk said the loss was due to impairments...

August 17, 2017 No Responses

Obaseki partners COREN to check inflated road contracts

The Governor of Edo State, Mr. Godwin Obaseki on Wednesday demonstrated his administration’s commitment to the frugal allocation of the resources accruing to the state by setting up a contact group with the Council for the Regulation of Engineering in...