South Korea probes 23 automakers

South Korea probes 23 automakers

South Korea has expanded an investigation into the fabrication of emissions and noise-level test results to all foreign car brands after fining Volkswagen Group for violations. The environment ministry last week started a probe on 23 foreign automakers involving 110...
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Hyundai Genesis gets remote auto controls

Hyundai Genesis gets remote auto controls

Genesis, Hyundai’s new luxury division, will be the first company to allow users to control a variety of car functions remotely using Amazon Alexa voice commands. An increasing number of automakers have smartphone connectivity to their vehicles. But the Gene...
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SIFAX partners AES, Hyundai on  vehicle importation service

SIFAX partners AES, Hyundai on vehicle importation service

SIFAX Group has launched its vehicle importation service in conjunction with foremost international shipping agent, Auto Export Shipping (AES) and Hyundai Glovis, the logistics arm of Hyundai KIA Automotive Group. At the formal reception of the first vessel, M...
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Ford targets autonomous vehicle for 2021

Ford targets autonomous vehicle for 2021

Ford has announced its intention to have a high-volume, fully autonomous SAE level 4-capable vehicle in commercial operation in 2021 in a ride-hailing or ride-sharing service. To get there, the company is investing in or collaborating with four startups to...
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Germany defeats Nigeria

Germany defeats Nigeria

Germany on Thursday disrupted Nigeria’s dream of picking the Rio Olympic football gold with 2-0 defeat.   The Germans had shot into the lead through a ninth minute strike from Lukas  Klostermann which they held on to until the 89th...
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Havelange, former FIFA President dies at 100

Havelange, former FIFA President dies at 100

(AP) — Joao Havelange, who as president of FIFA for two decades transformed soccer’s governing body into a multibillion-dollar business and a hotbed for subsequent corruption that damaged its reputation, has died. He was 100. Havelange, who was suffering f...
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Nigeria defeat Denmark, to face Germany in semi-final

Nigeria defeat Denmark, to face Germany in semi-final

   Nigeria has qualified for the semi-final of the 2016 Olympic Games in Rio, Brazil after the U-23 team on Saturdaydefeated Denmark 2-0.    Captain of the side, Mikel John Obi, opened scoring in the first half. He was followed...
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Kia expands green initiatives with $32.5m

Kia expands green initiatives with $32.5m

By Moses Ebosele –    Not less than $32.5 million was invested by  Kia Motors Corporation in 2015 to boost green initiatives at its three domestic Korean plants.  According to the auto company, the investment will further prevent potential environmen...
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Minister explains payment of Hotel’s bill for Team Nigeria

Minister explains payment of Hotel’s bill for Team Nigeria

The Ministry of Youth and Sports has denied reports which suggest that Team Nigeria’s Captain John Mikel Obi paid hotel bills for the eight unaccredited players and officials in Rio with the National U-23 team.   A statement issued by...
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South Africa overtakes Nigeria

South Africa overtakes Nigeria

By Adebisi Emmanuel –   As Nigerians struggle with the reality of economic recession,  South Africa’s economy has regained the position of Africa’s largest in dollar terms more than two years after losing it to Nigeria.   Indeed, based on gross.....
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UK unveils 24-hour visa service in Nigeria

UK unveils 24-hour visa service in Nigeria

By Adebisi Emmanuel –  The United Kingdom has unveiled a Super Priority Visa Service in Nigeria to allow customers to process applications within 24 hours. The British High Commission, in a statement posted on its  website, quoted the British High...
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Columbia defeats Nigeria

Columbia defeats Nigeria

Colombia last night defeated Nigeria Dream Team 2 – 0 in Men’s First Round Group B match of Rio 2016 Olympic Games at the Corinthians Arena, in Sao Paulo, Brazil.   At the end of the match, Colombia secured their...
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Nigeria to raise $1B Eurobond

Nigeria to raise $1B Eurobond

The Federal Government has concluded plan to raise $1 Billion from International Capital Market in 2016.   According to the Debt Management Office, the $1billion sale is the first tranche of a $4.5 billion Nigeria Global Medium-Term Notes Issuance Programme.....
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IOSCO unveils cyber guidelines for financial markets

IOSCO unveils cyber guidelines for financial markets

 The Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) have released the final report Guidance on cyber resilience for financial market infrastructures  According to IOSC...
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