Nigeria Archives — Page 502 of 637

July 22, 2017 No Responses

Firm unveils LPG powered tricycle

A Nigerian based firm, Thld International Logistics Limited has launched an air-cooled tricycle powered by LPG and vehicles converted to operate on LPG/petrol bi-fuel systems. The chief executive officer of the firm, Oluwasegun Olajuwon, explained that there are lots of...

July 22, 2017 No Responses

Haastrup, Agbor, others to brainstorm on Nigerian Port Reforms at Taiwo Afolabi maritime conference

The second edition of the Taiwo Afolabi Annual Maritime Conference will hold on Friday, August 4, 2017 at the University of Lagos. The conference, held in honour of Dr. Taiwo Afolabi, Group Executive Vice-Chairman, SIFAX Group, is an initiative of...

July 22, 2017 No Responses

Dana Air introduces ‘buy two, get one free’ promo for owerri guests

Dana Air has announced a ‘Buy two, get one free’ promo for passengers on its Lagos – Owerri- Lagos route, as part of the benefits of its existing partnership with the Imo State Government. According to the Communications Manager...

July 21, 2017 No Responses

Panel blames shipping firms, terminal operators, others for alleged N30tri fraud at seaports

The Nigerian Senate Joint Committee on Customs and Marine Transport investigative panel on Thursday accused some commercial banks, shipping firms, terminal operators of allegedly conniving with some officials of Customs and Nigeria Port Authority (NPA) to de...

July 21, 2017 No Responses

U.S sanctions ExxonMobil over violations

The United States authorities have fined Exxon Mobil $2m for violating sanctions against Russia while Secretary of State Rex Tillerson was its chief executive. Exxon dealt with Igor Sechin, the president of Russian oil giant Rosneft, who was blacklisted, the.....

July 21, 2017 No Responses

‘Emerging economies hold key to future of auto industry’

What are the main future of work challenges the automotive industry faces around the globe? International Labour Organisation (ILO) News spoke with Tommaso Pardi, author of a research paper commissioned by the ILO through the France-ILO cooperation agreement,...

July 20, 2017 No Responses

COSCO forecasts 50 % drop in profit

Hong Kong-listed COSCO Shipping Energy Transportation forecasts a drop in profit for the first six months of this year of up to 57 percent year-on-year. Specifically, the group’s net profit attributable to the equity holders is expected to range between...

July 20, 2017 No Responses

UBA increases international spend limit on naira cards to $2000.

Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000. The upward review, which represents a marked increas...

July 20, 2017 No Responses

How to make African seaports competitive, by NIMASA DG

July 20, 2017 No Responses

Photo News

L-R: Minister of State Budget and National Planning Zainab Ahmed; Minister of Information and Culture All. Lai Mohammed; Publisher Frontiersnews Mr. Horatius Egua; Minister of Labour and Employment Dr Chris Ngige; Minister of Petroleum Resources Dr. Ibe Kachik...

July 20, 2017 No Responses

‘Any programme to be consumed by Nigerians must be produced in Nigeria’

The Minister of Information and Culture, Alhaji Lai Mohammed, has reiterated the government’s decision that any programme meant for Nigerians must be produced in Nigeria, saying he was not appointed Minister to develop the economy of other countries a...

July 20, 2017 No Responses

Minister lauds Tony Elumelu’s commitment to job creation, poverty alleviation.

At the 30th Anniversary celebration of the award-winning Transcorp Hilton Abuja, the Honourable Minister of Labour and Employment, Chris Ngige, commended the relentless efforts of the chairman, Transnational Corporation of Nigeria Plc, Tony O. Elumelu CON, to...

July 20, 2017 No Responses

Samsung wins conditional deal for vessel pair

South Korean shipbuilder Samsung Heavy Industries (SHI) revealed it has inked a shipbuilding contract for two vessels with an unnamed shipowner. As informed, the contract value is KRW 271 billion (around USD 242 million). The agreement remains conditional a...

July 20, 2017 No Responses

Presco’s N1.5B dividend for 2016 delights Shareholders

By Moses Ebosele, ebosele@hotmail.com – For the year ended December 31, 2016, shareholders of Presco Plc has approved a dividend of N1.5Billion, amounting to 150 kobo per share. The company had in 2015 rewarded shareholders with N1Billion, indicating 1...