Nigeria

NNPC Debunks Rumours of Petrol Price Hike

Nigerian National Petroleum Corporation has enjoined motorists in Abuja and its environs, and indeed the federation, not to engage in any panic buying of petroleum products. NNPC assures motorists that the Corporation has 1.3billion litres stock of PMS, otherwise called petrol, which is sufficient to serve the nation for more than 38 days. This plea came on the heels of ...

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Abuja Light Rail project 84% completed

The Acting Secretary, FCT Transport Secretariat, Alhaji AbdulHamid Suleiman, has said that Abuja Light Rail project is 84.33 per cent completed. Suleiman said this in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja, adding that the total length of double track as at Monday completed 45. 245 kilometres. The project was awarded on May 25, ...

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Dangote Sets up $100 Million Truck Assembly Plant

Dangote Group of Companies has established a $100 million truck assembly plant in Lagos as part of its efforts to boost foreign exchange and job creation. The group said in a statement on Sunday in Lagos that the plant was floated by the group in partnership with National Heavy Duty Truck Group Company Limited, (SINOTRUK), a Chinese firm. Mr Anthony ...

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Reduce Custom Duties Now- Car Dealers Tell FG

Some car dealers in Abuja have called on the Federal Government to reduce customs duties of imported cars and to formulate policies to encourage Nigerians to patronize locally assembled vehicles. The dealers told the News Agency of Nigeria (NAN) on Monday that high customs duties and the high exchange rate of the Naira had affected their businesses negatively. A female dealer at ...

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Mercedes-Benz Tops Premium Segment in 2016

The three-pointed star attained Number one position in the premium segment at a double-digit rate in 2016 as Mercedes-Benz sold more than two million vehicles in one year worldwide (+11.3%) for the first time, thus surpassing its German competitors by selling the most premium cars worldwide. Mercedes-Benz was also the bestselling premium brand in Germany, Italy, Portugal, Japan, South Korea, ...

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NNPC Targets Fuel Import Cut

The Nigerian National Petroleum Corporation (NNPC) has commenced moves to reduce fuel import by boosting the capacity utilization of the refineries to 60 per cent by the end of 2017. This was disclosed by the Group Managing Director of NNPC, Dr Maikanti Baru, during a courtesy call on him by the Board and Management of Media Trust Limited, publishers of ...

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Articulated Vehicle Hangs On Lagos Bridge

Providence saved Lagos residents from experiencing a major disaster on Wednesday as an articulated vehicle almost plunged down from the Orile-Iganmu bridge. The Federal Road Safety Commission (FRSC) had warned motorists to be more careful during the festive period. The Commission has intensified its operations to apprehend and prosecute road traffic offenders during the Yuletide seasons

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Shippers Worry over Port Congestion

The Shippers Association Lagos State has said that there is partial port congestion in the ports because goods are not cleared promptly. The president of the association, Mr Jonathan Nicol, disclosed this in an interview with the News Agency of Nigeria (NAN) on Friday in Lagos. Nicol urged the Federal Government to restructure the import policies and provide appreciable incentives ...

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Buhari Approves Promotion of 588 FRSC personnel

President Muhammadu Buhari on Friday in Abuja approved the promotion of more than 588 Federal Road Safety Corps (FRSC) personnel. A statement signed by Mr Bisi Kazeem, Head of Media Relations and Strategy FRSC said the approval was sequel to the recent promotion exercise conducted by the Management of the commission. According to Kazeem, one of the 588 newly promoted ...

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Petrol Tankers Banned from Night Travel

The Federal Road Safety Corps (FRSC) on Sunday reiterated its total ban of petroleum tanker drivers from embarking on night journeys across the country from Monday, Dec.19. Mr Boboye Oyeyemi, the FRSC Corps Marshal, told the News Agency of Nigeria (NAN) in Lagos that efforts had been put in place to impound any truck found contravening the order. According to ...

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