Nigeria Archives — Page 507 of 636

July 6, 2017 No Responses

PSA Group secures approval to buy Opel

PSA Group secured unconditional European Commission (EU) antitrust approval on Wednesday to acquire General Motors’ German unit Opel, a move that will make it Europe’s second-largest automaker after the Volkswagen Group. The European Commission said the deal did not pose...

July 5, 2017 No Responses

Citibank grants N500m loan for microfinance development in Nigeria

Citibank Nigeria has extended a loan of N500 million to Accion Microfinance Bank (Accion MFB) in Nigeria to drive and promote the development of the microfinance sector in Nigeria. This loan will fund Accion’s loan portfolio and support the...

July 5, 2017 No Responses

Guinness Nigeria floats N39.7b rights issue

Guinness Nigeria Plc has secured the approval of Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) to raise N39,700,688,598 by way of rights issue to existing shareholders on the basis of five new shares for every 11 held....

July 5, 2017 No Responses

Frank Nneji, ABC Transport boss, gets West African tourism award

The Managing Director of ABC Transport, Frank Nneji, has won the Top 100 Tourism Personalities in West Africa Award and recognition. The winners were unveiled in Accra, Ghana, while the award was presented to him at ABC Transport’s Corporate...

July 5, 2017 No Responses

NPA begins verification of pensioners July 17th in nine locations

The Nigerian Ports Authority (NPA) has concluded plans to conduct Physical and biometric verification of pensioners between July 17th and August 20th in nine locations nationwide. The exercise is scheduled to hold in Calabar, Warri, Owerri, Umuahia, Bay...

July 5, 2017 No Responses

Rolls-Royce celebrates style, luxury at 2017 Festival

Still savouring increase in sales, Rolls-Royce has revealed its latest bespoke motor car, the Dawn Black Badge. It was unveiled at the 2017 Goodwood Festival of Speed. The annual event celebrates speed in all its glory, featuring historic motor...

July 4, 2017 No Responses

Osinbajo canvasses peace, security at AU Summit

Acting President, Prof Yemi Osinbajo, has challenged African leaders to affirm their readiness to tackle root causes of violence. In his address to African leaders in Addis Ababa, Ethiopia, at the 29th session of the African Union (AU) summit, Prof...

July 4, 2017 No Responses

Elumelu commends Afreximbank, seeks support for African Businesses

At the 24th Annual General Meeting of the African Export-Import Bank (Afrexim), held in Rwanda, Tony O. Elumelu, CON, Chairman of Heirs Holdings and the Tony Elumelu Foundation, congratulated Afrexim for the critical support that the Bank, led by President...

July 4, 2017 No Responses

Agusto upgrades Access Bank’s rating to Aa-

In its recent rating review of Access Bank Plc, foremost rating agency in Nigeria, Agusto & Co, has raised the Bank’s rating from “A+” to “Aa-”, with a stable outlook. The upgrade reflects Access Bank’s strong financial profile, resilient profi...

July 4, 2017 No Responses

Ministry, NSC hold summit on truck transit parks

To facilitate investments in Truck Transit Parks (TTPs) and enhance trade and investments for the revival of Nigeria’s economy, the Federal Ministry of Transportation in collaboration with the Nigerian Shippers’ Council (NSC) and Kings Communications Lim...

July 4, 2017 No Responses

Mercedes-Benz maintains lead over BMW

Mercedes-Benz held off BMW again last month to preserve its substantial midyear lead in U.S. luxury auto sales. BMW’s CEO isn’t ready to accept being relegated to the second position. Mercedes sold 28,994 cars and light trucks in the U.S....

July 4, 2017 No Responses

CMA CGM to sell majority stake in GGS terminal

French shipping major CMA CGM has signed a binding agreement for the sale of a 90% equity interest in Global Gateway South terminal in Los Angeles (USA). Under the agreement signed with EQT Infrastructure III and its partner P5 Infrastructure on July...

July 3, 2017 No Responses

Total secures 50.1 % stake in $5b gas deal with Iran

Total is to sign $5billion gas deal with Iran on Monday to develop an offshore gas field in the Gulf. According to the BBC, It is the biggest foreign deal since most economic sanctions against the country were lifted in...