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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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Bureau De Change Operators Back FG Vehicle Import Restriction

…Says it Would Reduce Pressure on Parallel Market Ban of importation of used vehicles via land borders has been applauded by Bureau de Change operators in the Nigeria, saying it would reduce pressure on FOREX at the parallel market. Chairman of Association of Bureau de Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, who made this known in Lagos last ...

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Subsidy Removal Protest:  Appeal Court Affirms Jail Of Ex-DPO

The Court of Appeal in Lagos on Thursday affirmed the judgment of a Lagos High Court in Igbosere sentencing a former Divisional Police Officer (DPO) attached to Pen Cinema Police Station in Agege, Segun Fabunmi to 10 years imprisonment for the killing of one Ademola Aderintola Daramola during the January 9, 2012 protest against fuel subsidy removal in Lagos. Justice ...

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Nigeria to Make $2b Extra from Oil

An agreement that Nigeria signed with joint venture partners on Thursday will increase the nation’s revenue by $2 billion per annum, Minister of State for Petroleum, Dr Ibe Kachikwu, has revealed. According to him, net payments to the Federation Account is expected to double from about seven billion dollars to over 14 billion dollars by 2020. He explained: ”The immediate effect ...

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Kia Unveils Santa Surprise Promo, Offers Special Discounts and Giveaways for Customers

In the spirit of the yuletide season, Kia Motors Nigeria has inaugurated a service promo to reward customers with cash discounts and surprise giveaways, when they bring their cars for after-sales service to its centres across the country. The promo is to reaffirm the brand’s commitment to providing the best affordable and premium services to customers geared towards making their ...

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