Nigeria

Danfo: Lagos to Kick-Start Bus Reform Initiative with N30bn

…Plans to Float N100bn Bond To Drive Implementation Lagos Sate Governor, Mr. Akinwunmi Ambode at the weekend said that the proposed Bus Reform Initiative aimed at giving Lagosians an integrated public transportation system would kick start this year with a sinking fund of N30 billion. Governor Ambode, who spoke to journalists, said his administration had identified the challenges Lagosians go ...

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Kia Calls on Nigerians to Patronize Made-In-Nigeria Vehicles

…Offers 5-year-Warrantee on Locally made Kia Rio MATILDA FRANCES Kia Nigeria has called on automobile buyers to support Nigeria’s economic recovery by buying cars made in Nigeria. In a statement released on Wednesday, the company’s Marketing Manager, Mr. Olawale Jimoh, said although the recent federal government’s ban on used cars from the land borders was greeted with mix feelings, truth ...

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Nigeria Stocks at One-Month High After Buhari Return

Nigerian equities hit a one month high shortly after the stock market opened for trade on Friday following President Muhammadu Buhari’s return home from an extended medical leave in Britain. Stocks rose 1.29 percent at 0936 GMT to levels last seen in February, according to Thomson Reuters data. Stocks, which are down 6.3 percent on the year to date, had ...

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We’ll deliver Lagos-Ibadan Rail Project By December 2018-Osinbajo

…Rail Project’ll Boost Regional Integration, Economic Growth –Ambode Acting President of the Federal Republic of Nigeria, Professor Yemi Osinbajo on Tuesday said that the Federal Government was committed to delivering a fast and efficient rail service system between Lagos and Ibadan within a projected time frame of December 2018. Osinbajo, who spoke at the Ground Breaking Ceremony of the Segment ...

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Agents, Shippers Debate NCS Policy on Vehicle Duties

Association of Nigerian Licensed Customs Agents (ANLCA) and the Shippers’ Association Lagos State have disagreed over the one-month grace given by the Nigeria Customs Service (NCS) concerning payment of vehicle duties. Both bodies expressed diverse views in interviews with the News Agency of Nigeria (NAN) on Tuesday in Lagos. The National President of ANLCA, Mr Olayiwola Shittu, advised the Customs ...

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Petroleum Marketers Shelve Strike, Resolves to Support FG

The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Monday announced the suspension of a scheduled nationwide strike after meeting with the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC. IPMAN said this in Abuja in a statement released by Mr Ndu Ughamadu, NNPC Group General Manager, Public Affairs Division.‎ ‎According to the statement, ‎Chairman of the IPMAN Committee ...

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Recession: Toyota Nigeria Focuses on After-Sales Services

ROTIMI ASHER As average Nigerian auto buyers find it difficult to pay for new vehicles, due to recession, Toyota Nigeria Limited (TNL), auto assemblers and sole distributor Toyota products in Nigeria, has resolved to focus on after sales as a way of keeping and satisfying its existing customers. The company’s Managing Director, Mr Kunle Ade-Ojo, revealed this recently during a media ...

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