News Archives — Page 596 of 705

April 3, 2017 No Responses

BPE decries inadequate dredging of Calabar Seaport Channel

Worried by the inadequate dredging of the Calabar Seaport Channel several years after its terminal was handed over to concessionares, the Bureau of Public Enterprise (BPE) has pledged to “step in” and briefed the Federal Government adequately. According to the...

April 3, 2017 No Responses

Deposits in SunTrust Bank hits N4.2b in 2016

For the year 2016, deposit in Sun Trust Bank increased by 432 per cent, making it possible for the bank to declare profit before tax of N343 million, an increase of 160.3 per cent over the N131.9million reported in 2015. Meanwhile its Income tax...

April 3, 2017 No Responses

AXA Mansard Photo News

L – R Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Tosin Runsewe, Chief Client Officer, AXA Mansard Plc; Wilm Langenbach, Chief Executive Officer AXA EMEALATAM; Sola Adeeyo, Chairman AXA Mansard Plc Board of Directors a...

April 3, 2017 No Responses

Report explains 22.4 per cent drop in terminal operators’ earnings

A report published in March by top global accounting and audit firm, Deloitte has revealed that Terminal Handling Charges (THC), which is the main revenue stream of terminal operators in Nigeria, declined by 22.4 per cent between 2006 and 2016...

April 3, 2017 No Responses

Ford recalls 52,000 pick-up trucks

Ford is recalling 52,000 F-250 pick-up trucks over a fault which can cause the vehicle to roll while the automatic transmission lever is in park position. In a statement, the company advised users of the 2017 vehicles, sold in the...

April 3, 2017 No Responses

NIMASA to owners of abandoned ships: Remove or lose them

The Nigerian Maritime Administration and Safety Agency (NIMASA) has warned owners of abandoned Ships/Vessels to urgently remove same from the Nigerian territorial waters on or before 28th of April 2017 or risk sanctions ranging from forfeiture or removal by th...

April 2, 2017 No Responses

Okpekpe Race: Obaseki to run for orphanage

Edo State Governor, Mr Godwin Obaseki has declared his intention to run for an orphanage during the 5th Edition of the 10km Okpekpe Road Race scheduled to hold on May 13 in the state. Obaseki announced this while receiving the organisers of...

April 2, 2017 No Responses

MASSILIA Motors begins free Diagnosis on Mitsubishi Vehicles

Sole distributor of Mitsubishi vehicles in Nigeria, Massilia Motors Limited, has announced a free one week diagnosis for all Mitsubishi vehicles beginning from Monday, April 3 to Friday April 7, in Lagos. Massilia Motors which was recently unveiled as a...

April 1, 2017 No Responses

VW settles 10 U.S. state diesel claims for $157 million

By David Shepardson, Reuters – Volkswagen AG has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world’s largest automaker looks to move past the scandal. The settlement co...

April 1, 2017 No Responses

Audi unveils race car liveries for 2017 season

About a month before the DTM season opens, Audi is presenting the liveries of the six Audi RS 5 DTM cars. The engineers at the Audi motorsport department prepared the race cars in the past two weeks together with the...

April 1, 2017 No Responses

NSE Photo News

L – R (A) Ayodeji Akinbobola, Head, Children Banking, Access Bank Plc; Adetokunbo Elliot, Youth Product Manager, First Bank of Nigeria Limited; Pai Gamde, Acting Head, Corporate Services Division, The Nigerian Stock Exchange (NSE); Olumide Orojimi, Head, Cor...

March 31, 2017 No Responses

Toyota Nigeria honours First Bank with Evergreen Award

Citing sustained dedication and loyalty over the years, Toyota Nigeria Limited (TNL) has honoured First Bank of Nigeria with an Evergreen Award and N2.5m reward. At a colourful award ceremony held in Lagos on Thursday, TNL Chairman, Chief Michael...

March 31, 2017 No Responses

Ministry registers Rullion Capacity Builders as vocational trade test centre

A Non-Governmental Organisation (NGO), Rullion Capacity Builders, focused on empowering women and youths in skills acquisition and entrepreneurship has been granted national accreditation by the Federal Ministry of labour and productivity as a trade testing ...

March 31, 2017 No Responses

No dividend for shareholders as COSCO Shipping posts 1.4b loss in 2016

Shanghai-listed COSCO Shipping Holdings Company, a unit of China Cosco Shipping Corporation Limited (Cosco Shipping), has reported a loss of $1.4 billion in its annual report for 2016. As a result the company proposed that no dividend is distributed this...