The Nigerian Export and Promotion Council (NEPC), has proposed to the Federal Government the approval of five billion naira to support industries in the country. Mr Olusegun Awolowo, the NEPC Executive Director made this disclosure on Monday during an inspection visit to some industries in Kano. “One of our major aims for this visit is […]
President Muhammadu Buhari, who is on a medical vacation in London, yesterday received top dignitaries from Nigeria. The delegation was led by the national chairman of the ruling All Progressives Party, John Odigie-Oyegun and some governors elected on the party’s platform Those on the delegation were governors Rochas Okorocha of Imo State, Umaru Tanko Al-Makura […]
Skye Bank Plc says it has, through its aggressive initiatives, recovered over N60 billion of outstanding bad loans over the past one year and also reached settlement and restructuring agreements with many of its chronic bad debtors. The bank said in a statement signed by its Chairman and Group Managing Director, Messrs. M. K Ahmad […]
A N3.6 billion business and leisure development park, known as ‘The Arena’ would soon be built in Abuja to host about 10,000-vendor international trade fair, originally designed to be executed in Calabar, Cross River State. Chief Executive Officer of CLIQIT and the arrowhead of the promoters, Mr. Gerald Konwea told Economic Confidential in Abuja that […]
Two months after the executive order on the resumption of 24-hour operation in the ports, operators in the maritime sector have not complied to the directive. The government agencies who were asked to vacate the ports to facilitate a seamless business operation are still fully operational. The officials of the Standard Organisation of Nigeria (SON), […]
Delta Airlines has reported financial results for the second quarter of 2017. Highlights of the results, show that adjusted pre-tax income for the June 2017 quarter was $1.85 billion, a $172 million increase from June 2016, primarily driven by higher revenue. Delta recorded a June quarter 2017 adjusted operating margin of 18.4 per cent. Delta […]
Oil prices held around a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day that may address rising output in Nigeria and Libya. London Brent crude for September delivery was up 2 cents at $48.08 a barrel by 0551 GMT. The contract settled down $1.24, or 2.5 percent, […]
German carmaker Bavarian Motor Works (BMW) has denied that it manipulated emission treatment system in its vehicles. In a statement on Sunday, the carmaker rejected media reports that the systems did not work effectively and that it colluded with rivals on their design and prices. Der Spiegel magazine had reported on Friday that BMW, VW, […]
The Chargé d’affaires of Nigera in Mali, Yara Abdulsalam has said that an indigenous motor manufacturing company, Innoson Motors has signed a Memorandum of Understanding (MoU) with a Malian firm to export 400 locally made vehicles to the country. Abdulsalam made the announcement on Friday in Abuja when he led a delegation of businessmen from […]
Toyota Motor Corp is likely to begin mass production of electric vehicles (EVs) in China as early as 2019, the Asahi daily reported on Saturday. The model will be based on the C-HR sport utility vehicle and manufactured for Chinese market only, the report said without citing sources. The pace of production is to be […]