Nigeria Raises Alarm over Development of Electric Vehicles

TILDA FRANCES Nigeria’s Department of Petroleum resources (DPR) has described the increasing popularity of alternative energy-powered vehicles as a threat to the oil producing nations, especially Nigeria. The nation’s Director of DPR, Mr Modeccai Ladan disclosed this at the three-day Biennial International Conference for Health, Safety and Environment (HSE) organised by DPR in Lagos on Monday. Ladan said that the ...

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Mobil, Seplat , Others Drag Down Market Value

Oil Firms on Tuesday top the losers’ table at the the Nigerian Stock Exchange (NSE), the News Agency  of Nigeria (NAN) reports. The oil firms are Seplat, Mobil oil and Forte Oil. Seplat led the laggards’ table with a loss of N62.70 to close at N590 per share while Mobil Oil trailed with a loss of N5 to close at N160. Forte ...

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Nigeria Customs Service to Start Electronic Cargo Tracking

The Nigeria Customs Service (NCS), says plans are ongoing to introduce Electronic Cargo Tracking System in 2019 to enhance its operations at various border posts in the country. The Comptroller-General of Customs, Col. Hameed Ali ( rtd ) made this known at a joint press conference with his counterpart from Uganda, Mr Kateshumbwa Dicksons. The briefing followed a lecture series ...

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5th Generation Hyundai Accent Debuts in Nigeria

…Positioned for Segment Leadership Position  Hyundai Motors Nigeria Limited has unveiled the fifth generation Hyundai Accent that applies Hyundai’s modern engineering expertise to offer an entirely new product that establishes itself at the forefront of the small car segment. Built on the strengths of its predecessors, the new generation Accent sedan is equipped with striking high-tech interior, more efficient powertrain, ...

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Coscharis Motors Unleashes Incredible Discount Offers, Gives out Brand new Ford Focus, MG Car and more 

As 2018 business year runs to a close, Coscharis Motors has lined up incredible discount offers for two of its major brands. As contained in a media statement released on Monday, the offers are intended for BMW and Ford loyal customers together with new prospects that are potential brand converts from now to the end of December 2018. The offers ...

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Mishap Averted As Delta Airliner Encounters Drone mid Air

An Endeavor Air flight – a subsidiary of Delta– has reportedly encountered an “unmanned aircraft” near Boston Logan International Airport Wednesday morning, according to the Federal Aviation Administration (FAA). The FAA confirmed that the crew of the flight reported seeing the drone around 11:15 a.m., about 15 miles northwest of the airport. The flight had taken off from Philadelphia International ...

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Power Outage Disrupts Operations at Lagos Airport

Flight operations were on Wednesday evening disrupted at the Murtala Muhammed International Airport, Lagos following a power outage. The News Agency of Nigeria (NAN) reports that the outage occurred at about 6.05 p.m., and lasted for over an hour before it was restored. The situation placed the nation’s busiest airport in total darkness, leaving airline officials, passengers and other airport ...

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NNPC Pays N128bn into Federation Account

The Nigerians National Petroleum Corporation (NNPC) says it has transferred the sum of N128.40billion into the federation account in August. The Corporation disclosed this in its monthly Financial and Operational report released in Abuja on Wednesday. It said that between August 2017 and August 2018, the federation and joint ventures (JV) received the sum of N879.02billion and N651.4billion respectively. The ...

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