Honda Motor Co. said on Thursday it was recalling around 784,000 vehicles in Japan, part of an expanded recall for potentially deadly Takata Corp. airbags. Honda said in Tokyo it was recalling models, including its Odyssey minivan, Fit subcompact model and Civic sedan with production dates ranging between 2003 and 2009 to replace passenger-side air […]
Dangote Group, Africa’s leading indigenous conglomerate, has become the latest entity to join the African Export-Import Bank (Afreximbank) as a shareholder. According to Afreximbank, Dangote Group completed the process of acquiring equity in the Bank on 30 May 2016 with a “substantial investment”. Welcoming the action by the Dangote Group, Dr. Benedict Oramah, President of […]
President Muhammadu Buhari has approved the appointment of his Special Adviser on Planning, Mr Ben Akabueze, as the new Director General of the Budget Office of the Federation. The announcement was made this afternoon by Special Adviser to the President (Media & Publicity) Femi Adesina. He said in a statement issued in Abuja: “Mr. Akabueze […]
MTN South Sudan said cutting 54 jobs and making changes to the way it sells airtime will help it survive an economic crisis in the oil-producing nation caused by more than two years of civil war. The unit of Africa’s biggest mobile-phone company by sales said the reduction of the workforce to 82 people and […]
By Mayowa Okekale, Abuja A Bill for an Act to make provisions for the licensing, regulation and supervision of Micro Finance Business in Nigeria, has passed the second reading, at the Senate, and has been referred to the Senate Committee on Banking for further legislative activities. The Micro Finance Bill SB. 57, as sponsored by […]
THE Senate, on Tuesday, commenced investigation into Escravos Gas To Liquid (EGTL) project contract which was awarded at a sum of $2.9 billion and was allegedly increased to $10.03 billion by Chevron Nigeria Limited (CNL), leaving a difference of $7.4 billion Senate Committee on Gas, at a public hearing on Tuesday, queried reason why the […]
Nigeria’s Vice President, Professor Yemi Osinbajo, says the government is engaging leaders and people of the Niger Delta to address the spate of attacks on oil installations in the area. The Vice President made the statement on Monday at the Presidential Villa during a meeting with a delegation of the European Union led by […]
By Mayowa Okekale, Abuja Speaker of the House of Representatives, Yakubu Dogara, has charged the main players in the Nigerian capital market to come to its rescue and ensure that the investment of Nigeria are protected from fraudulent operators. He charged the main players in the market, such as Securities and Exchange Commission (regulatory), Nigerian […]
The Lagos State Government has issued Retirement Benefit Bond Certificates of over one billion Naira to 275 retirees. In a statement from the State Pension Commission, the retirees were drawn from the mainstream, local government, state universal basic education board, teachers’ establishment as well as pension office and parastatals. According to the statement, the payments […]
Millions of Muslims around the world on Monday mark the start of the holy month of Ramadan, a time marked by intense prayer, dawn-to-dusk fasting and good deeds. Religious authorities in most Middle Eastern countries announced the new moon of Ramadan was spotted on Sunday evening. Indonesia, the world’s most populous Muslim country, also said […]