Nigeria Archives — Page 661 of 675

August 1, 2016 No Responses

NPA budget N18.1b for furniture, transport, dressing, others

By Moses Ebosele – THE Nigerian Ports Authority (NPA) is to disburse N18.1 Billion as operating expenditure for furniture, rent, transport, children education and dressing allowance before the end of this year. Under the arrangement, workers of the agency...

August 1, 2016 No Responses

TUC explains majority stake in Unity Bank

By Moses Ebosele – The Trade Union Congress of Nigeria (TUC) has successfully acquired majority stake in Uity Bank Plc. Under the arrangement, the Congress will within the next three years invest a total of N80 billion in the...

August 1, 2016 No Responses

‘Fleet operators record 226 dealt in six months’

By Moses Ebosele – The Corps Marshal/Chief Executive Officer of Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi has decried increase in Road Traffic Crashes (RTC) involving Fleet Operators across the country. In his presentation at the just ...

August 1, 2016 No Responses

FCMB to brief Police on manager’s suicide

The management of First City Monument Bank Plc (FCMB) is to cooperate with the police on the dealth of one of its manager, Olisa Nwakoby, who allegedly committed suicide on Friday. Nwakoby, who was until his death branch manager of...

August 1, 2016 No Responses

Customs impounds ‘DHL truck’, N256m smuggled poultry products

By Moses Ebosele – The Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), Zone ‘C’ Owerri has impounded a truck 24,273 cartons of imported frozen poultry products with a Duty Paid Value (DPV) of N256,264,200. A statement issued by...

August 1, 2016 No Responses

Buhari bans distribution of conference materials

(NAN) The Federal Government has banned the procurement and distribution of bags, T-shirts and other souvenirs at events such as Conferences and Seminars funded by Federal Ministries, Departments and Agencies (MDAs). A statement issued on Sunday by the Dir...

August 1, 2016 No Responses

Skye Bank gets N100b lifeline

The Central Bank of Nigeria (CBN) has approved over N100 Billion to shore up Skye Bank Plc operations and liquidity. Managing Director of the Bank, Mr Tokunmbo Abiru who comfirmed the development explained that the CBN guarantee will not...

July 31, 2016 No Responses

Bello canvasses collaboration among maritime agencies

By Moses Ebosele – The Executive Secretary of Nigerian Shippers Council (NSE), Hassan Bello has advised agencies in the maritime sector to collaborate as part of measures to move the sector forward. Receiving the ‘Most Effective Agency in ...

July 31, 2016 No Responses

Ijewere, Elumelu, Otti, others laud Oduoza’s tenure at UBA

By Moses Ebosele – The outgoing Managing Director of United Bank for Africa (UBA), Mr. Phillips Oduoza has been commended for his leadership qualities. Speaking in Lagos at a book lauch, cross section of industrialists and philanthropists descri...

July 31, 2016 No Responses

Customs impounds N256 Million foreign poultry products

By Moses Ebosele – The Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), Zone ‘C’ Owerri has impounded 24,273 cartons of imported frozen poultry products with a Duty Paid Value (DPV) of N256,264,200. A statement issued by the Public.....

July 30, 2016 No Responses

Hyundai explains 7.0 % drop in profit

By Moses Ebosele – Citing decrease in export, weak currencies and economic recession in emerging markets, Hyundai Motor Company has announced 7.0 per cent drop in its operating profit for the first half of 2016. However, within the...

July 30, 2016 No Responses

Audi declares 950,000 sales, €30.1 billion in six months

By Moses Ebosele – For the first six months of 2016, Audi Group delivered more than 950,000 automobiles of the Audi brand worldwide and “increased its revenue to €30.1 billion”. In its first half of the year financial statement released...

July 30, 2016 No Responses

Rolls-Royce projects £100m annualised savings

By Moses Ebosele – Despite one per cent revenue drop in the first half of 2016, Rolls-Royce is to attain £100m annualised savings before the end of 2016 financial year The company explained on Wednesday that as set out...

July 30, 2016 No Responses

Buhari approves new appointments in health sector

President Muhammadu Buhari has approved the appointment of five Chief Executives for institutions in Nigeria’s health sector. A statement issued by the Director (press) in the office of the Secretary to the Government of the Federation, Bolaji Adebiyi, discl...