Tag: Nigeria

Market capitalisation depreciates by N120b
December 12, 2017 No Responses

Market capitalisation depreciates by N120b

Transactions on the floor of Nigerian Stock Exchange (NSE) on Monday commenced on a negative note as market capitalisation which opened at N13.672 trillion dropped by N120 billion or 0.89 per cent to close at N13.913 trillion.   Also, the All-Share...
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Ford to test Internet sales models
December 12, 2017 No Responses

Ford to test Internet sales models

Ford Motor Company is using the world’s largest vehicle market as a test bed for alternatives to traditional dealer showrooms.   The automaker last week announced a partnership with Alibaba Group Holding to explore cooperation on, among other things, th...
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Dakuku: Nigeria spent ‘less than N100m’ on IMO election campaigns
December 12, 2017 No Responses

Dakuku: Nigeria spent ‘less than N100m’ on IMO election campaigns

The Nigerian Maritime Administration and Safety Agency (NIMASA) on Monday in Lagos identified late preparations as a major factor responsible for the inability of Nigeria to secure a seat in the category ‘C’ of International Maritime Organisation (IMO).  ...
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Doctor faces trial for having sex with patients
December 12, 2017 No Responses

Doctor faces trial for having sex with patients

A 63-year-old doctor accused of having sex with his patients went on trial in the Southern German state of Bavaria on Monday, the prosecution said. The prosecution alleged that the physician who was not been identified under Germany’s strict privacy...
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Capital market operators implore CBN, SEC on single license
December 11, 2017 No Responses

Capital market operators implore CBN, SEC on single license

Capital market operators at the weekend in Lagos called on the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to grant them single dealing license to access discount window.    Speaking at the 2017 annual conference...
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APM Terminals unveils refrigerated truck transport
December 11, 2017 No Responses

APM Terminals unveils refrigerated truck transport

APM Terminals, in conjunction with Naija Pride and with the assistance of international development groups is working to provide modern cold chain transportation alternatives for farmers in the agricultural centers of northern Nigeria as part of measures to br...
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NIMASA to partner defence agencies on research, development
December 11, 2017 No Responses

NIMASA to partner defence agencies on research, development

The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Dr. Dakuku Peterside has stated that the Agency is ready to partner with the Defence Research and Development Bureau for the growth of the Nigerian maritime sector.   .....
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Edo farmers, investors to get N500m Agric Credit
December 11, 2017 No Responses

Edo farmers, investors to get N500m Agric Credit

To provide guarantee for agribusiness investments in the state, the Edo State Government has partnered the Central Bank of Nigeria (CBN)  to set up a N500 million Commercial Agricultural Credit Scheme (CACS). Governor of Edo State, Mr. Godwin Obaseki, reveale...
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Qatar stakes £6b on 24 eurofighter jets
December 11, 2017 No Responses

Qatar stakes £6b on 24 eurofighter jets

A £6bn deal to sell Eurofighter Typhoons to Qatar will help safeguard thousands of UK jobs.   BAE Systems employs about 5,000 people in the UK to build the fighter jets, mainly at Warton in Lancashire. Qatar’s purchase of 24...
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CMA CGM Wraps Up Mercosul Takeover from Maersk Line
December 10, 2017 No Responses

CMA CGM Wraps Up Mercosul Takeover from Maersk Line

French shipping major, CMA CGM has completed the acquisition of Brazil’s container shipping line, Mercosul Line from Maersk Line. CMA CGM and Maersk Line announced the deal in June as part of Maersk Line’s move to acquire Hamburg Süd, which...
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Mercedes-Benz hits 2.1m sales mark
December 9, 2017 No Responses

Mercedes-Benz hits 2.1m sales mark

This November, Mercedes-Benz delivered 195,698 vehicles to its customers, thus achieving the 57th record month in succession with a 7.2% increase.  This adds up to a sale of 2,095,810 units since the beginning of the year 2017. This represents not...
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Transcorp Hilton Abuja Wins 2017 World Luxury Hotel Awards
December 9, 2017 No Responses

Transcorp Hilton Abuja Wins 2017 World Luxury Hotel Awards

Nigeria’s Landmark hotel, Transcorp Hilton Abuja, has emerged the winner of two 2017 World Luxury Hotel Awards in the Best Luxury Contemporary Hotel (Nigeria) and Best Luxury City Hotel (West & Central Africa) categories.   The multiple award-winning fi...
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NLNG to supply 350ktpa of DLPG through dedicated vessel
December 8, 2017 No Responses

NLNG to supply 350ktpa of DLPG through dedicated vessel

Nigeria LNG (NLNG) has reiterated its commitment to continue to support growth of the LPG industry by dedicating 350,000 metric tonnes per annum of cooking gas otherwise known as Domestic LPG (DLPG) to the country, to ensure reliable and affordable...
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Weststar terminates distributorship of Chrysler, Dodge, Jeep, RAM, Fiat
December 8, 2017 No Responses

Weststar terminates distributorship of Chrysler, Dodge, Jeep, RAM, Fiat

As part of measures to consolidate and expand the Mercedes-Benz business in Nigeria, Weststar Associates Limited and FCA have resolved to “mutually terminate its distributorship agreement”.   Under the arrangement, with effect from Monday, 5th December 20...
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