Lagos Archives — Page 24 of 29

February 28, 2017 No Responses

Dangote seeks unhindered movement for trucks with perishable items, special seaport for export

By Moses Ebosele – The Vice President of Dangote Group, Alhaji Sani Dangote on Monday in Lagos implored relevant Government agencies within and outside the Seaports to facilitate unhindered movement for all trucks conveying perishable items. Speaking at the...

February 28, 2017 No Responses

COSCO posts $695m loss in 2016, records 22.6 % drop in shipping, others

(WMN) COSCO Corporation (Singapore) Limited, a shipbuilding, marine engineering and dry bulk shipping group, saw a net loss of SGD 976.1 million (USD 695.5 million) in 2016, against a net loss of SGD 914.8 million (USD 651.8 million) recorded in 2015,...

February 21, 2017 No Responses

CBN announces new foreign exchange policy

The Central Bank of Nigeria (CBN) has unveiled a new foreign exchange policy with immediate effect. According to the CBN, in order to ease the difficulties encountered by Nigerians in obtaining funds for foreign exchange transactions, it would henceforth be...

February 20, 2017 No Responses

Massilia Motors Photo News

L-R: Deputy Managing Director of Kewalram Chanrai Group, Mr. Victor Eburajolo; Managing Director of Massilia Motors Limited, Mr. Thomas Pelletier; and Deputy Managing Director of Massilia Motors Limited, Mr. Kunle Jaiyesimi at a Press Conference to announce th...

February 17, 2017 No Responses

Massilia Motors now sole distributor of Mitsubishi vehicles in Nigeria

As part of measures to consolidates and expand the distributions of Mitsubishi vehicles in Nigeria, Massilia Motors Limited, on Thursday in Lagos, announced its position as the sole distributor of Mitsubishi Motors in Nigeria. The company is a joint venture o...

February 15, 2017 No Responses

Labour: Increase in BRT, LAGBUS fares is insensitive

Lagos State council of Trade Union Congress of Nigeria (TUC) has condemned increase in the transport fares of BRT and LAGBUS buses. In a statement on Tuesday, TUC described the increase announced by the Managing Director of Lagos Metropolitan...

February 12, 2017 No Responses

NIIA faults clamour for transfer of containers to Ikorodu terminal

An importer and President of the Nigerian Importers Integrity Association (NIIA), Godwin Onyekazi, has said that the nation’s seaports are operating well below capacity and should not transfer long-standing (overtime) containers to offdock facilities especia...

February 1, 2017 No Responses

FG secures $1.5b loan for Lagos-Ibadan rail project

The Federal Government has secured $1.5 billion from the China Exim Bank to begin work on the Lagos-Ibadan rail line project. Briefing the Senate Committee on Land Transport, chaired by Gbenga Ashafa, Minister of Transport, Rotimi Amaechi explained that the...

January 30, 2017 No Responses

Bank approves N408b for Lagos-Ibadan rail project

Barely one week after the Federal Government announced the release of N72billion as its counterpart fund for the construction of the Lagos-Ibadan standard gauge rail line, the Export-Import Bank of China has approved $1.275bn (about N408bn) loan for the pr...

January 29, 2017 No Responses

‘Lagos, hub of the creative sector’

The Minister of Information and Culture, Alhaji Lai Mohammed, has described Lagos State as the hub of the Creative Sector in Nigeria. According to the Minister, the State has key role to play in the Federal Government’s economic diversification policy...

January 27, 2017 No Responses

Customs FOU zone ‘C’ task officers on professionalism

As the headquarters of Nigeria Customs Service (NCS) in Abuja consummate activities marking the 2017 Customs Day Celebration, the Customs Area Controller, Federal Operations Unit (FOU) Zone ‘C’ Owerri, Comptroller Mohammed Uba Garba has challenged offic...

January 27, 2017 No Responses

LCCI Photo News

Out-going Country Director (Nigeria), African Development Bank, Dr Ousmane Dore and President, Lagos Chamber of Commerce and Industry, LCCI, Chief Dr Mrs Nike Akande, CON during a Courtesy Visit of the Country Director to the LCCI in Lagos.

January 25, 2017 No Responses

FG tasks General Electric CEO on $2b East-West rail project

The Vice President, Prof. Yemi Osinbajo, on Tuesday in Abuja urged a delegation from General Electric (GE) led by its Global Chief Eexecutive Officer, Jeff Immelt to speed up its infrastructural engagements in Nigeria. One of such engagements according to...

January 25, 2017 No Responses

Guinness Nigeria shareholders approve N40b Rights Issue

Guinness Nigeria Plc, on Tuesday in Lagos, secured shareholders approval for its proposed N40 billion Rights Issue. Speaking at the Extra-Ordinary General Meeting (EGM), Babatunde Savage, Chairman, Guinness Nigeria Plc, said: “Guinness Nigeria has been i...