Nigeria Archives — Page 536 of 636

April 8, 2017 No Responses

Hyundai, Kia to recall 1.5 million vehicles over premature engine wear

Hyundai Motor Company and Kia Motors Corporation plan recalls to inspect and, if necessary, replace four-cylinder engine assemblies in as many as 1.2 million U.S. vehicles, the South Korean companies said Friday. Manufacturing errors in Hyundai’s 2.0- and 2.4-liter “Theta”...

April 8, 2017 No Responses

Customs generates ₦14.39b at MMA command, gets three commendation letters

By Moses Ebosele – For the first quarter of 2017, Nigeria Customs Service (NCS), Murtala Mohammed Airport (MMA) command generated ₦14.39billion, representing an increase of ₦3.25billion when compared to the first quarter of 2016. The MMA Command ha...

April 8, 2017 No Responses

Osinbajo: Abuja Airport runway will be ready April 19

The Abuja Airport runway will be ready as scheduled on April 19, 2017, the Vice President, Yemi Osinbajo has said. The Vice President spoke with Journalists during an inspection tour of the Airport on Friday. He said:“I have looked round...

April 8, 2017 No Responses

EFCC recovers N500m in Lagos Plaza

The Economic and Financial Crimes Commission (EFCC), Lagos Office, on Friday uncovered N448,850,000 (Four hundred and forty eight million, eight hundred and fifty thousand naira) in a shop at LEGICO Shopping Plaza, Ahmadu Bello Way, Victoria Island, Lagos. ...

April 7, 2017 No Responses

WFE releases third annual sustainability survey

The World Federation of Exchanges (WFE) has released its annual global Environment, Social and Governance (ESG) survey. Now in its third year, the survey aims to capture the nature and extent of WFE engagement with ESG issues, and how this...

April 7, 2017 No Responses

Niger Delta States indicate interest in community-based modular refineries

As implementation efforts on President Muhammadu Buhari’s new vision for oil-producing communities in the Niger Delta region progress, states in the region are beginning to indicate interest in working with the Federal Government and the Private Sector to de...

April 7, 2017 No Responses

World’s 1st Ship tunnel step closer to construction

Norway’s Stad Ship Tunnel project, also known as the world’s first full-scale ship tunnel, is moving toward construction process. Already, about $173million has been earmarked for the project in the first half of the planning period (2018 – 2029). Th...

April 6, 2017 No Responses

Weststar unveils all-new Mercedes-Benz Accelo

Weststar Associates Limited, Authorized General Distributors of Mercedes-Benz commercial and passenger vehicles in Nigeria has unveiled new medium duty truck for city and short distance operations. According to the company, the all-new Accelo 915C is the first...

April 6, 2017 No Responses

Customs impounds N250m contrabands in March, recovers N48.7m underpayments in Zone ‘C’

For the month of March 2017, the Federal Operations Unit (FOU), Nigeria Customs Service (NCS), Zone ‘C’ Owerri impounded 17 items with duty paid value of N112,617,700. The unit during its anti-smuggling operations in March also intercepted and detained a.....

April 6, 2017 No Responses

FG clears N54b pension backlog

Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the Federal Government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to...

April 6, 2017 No Responses

Minister seeks support for Nigerian TV, film content producers

The Minister of Information and Culture, Alhaji Lai Mohammed, onWednesday hailed Nigerian TV and film content producers for their impressive work in deepening the industry, but challenged them to do more to tell the Nigerian story and do more of co-production...

April 6, 2017 No Responses

‘How criminal gangs use UK ports to defraud EU customs’

By Andrew Hosken (BBC) Systematic failures by UK customs officials have allowed criminal gangs to defraud the European Union of at least £2bn in just four years plus billions more in lost VAT, the EU anti-fraud office OLAF has claimed....

April 5, 2017 No Responses

Buhari: State Govts critical to economic success

President Muhammadu Buhari has challenged State Governments across the country to draw inspiration and strategic direction from Federal Government Plan to articulate their economic programmes, particularly in the development of the real sector. Speaking on Wed...

April 5, 2017 No Responses

Wema Bank reopens Kaduna branch

Wema Bank Plc has reopened its Kaduna branch to provide banking services to individuals and firms with good growth opportunities. According to the Bank, the new branch will offer retail and SME banking, corporate banking, treasury, trade services and financial...