The Chairman of Toyota Nigeria Limited (TNL), Chief Michael Ade- Ojo, has said the current economic recession demands structural adjustment for individuals and corporate bodies to pull through the difficult moments. Expressing optimism that the current difficult moments would not last, he called for caution during times of abundance in order to be able to adjust to any economic shock. […]
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The Ondo State Government and the Niger Delta Development Commission yesterday, signed a Memorandum of Understanding (MoU) on the neglected Araromi-Akodo-Lekki road. The MOU, which aims at building the road for the purpose of opening up the project for integrated economic development, was signed on behalf of the state government by the Secretary to the State Government, Mr. Ifedayo Abegunde, […]
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The Nigeria Customs Service (NCS) said it is ready to licence dealers to operate Bonded Vehicle Terminals in Nigeria with operators paying duty for imported vehicles after 28 days at such terminals. The Public Relations Officer (PRO) of the service, Mr. Joseph Attah, in an interview said dealers and interested persons could apply to the area comptroller through the area […]
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Commuters on Wednesday morning faced a hard time going about their businesses after multiple accidents caused heavy traffic on the Lagos-Ibadan Expressway The gridlock is linked to accidents involving three trucks. The Federal Road Safety Commission said in a text message that the incidents involving container-loaded trucks “caused total blockade on both sides of the Lagos /Ibadan express way this […]
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The Nipco Plc, has announced the successful acquisition of 60% stake in Mobil Oil Nigeria Plc (MON) following due statutory approvals from the ‘Securities and Exchange Commission’ and the ‘Nigerian Stock Exchange’. Briefing newsmen yesterday, the Group Managing Director, Nipco Plc Venkataraman Venkatapathy the Focus will now be placed on expansion of the retail footprint under the Mobil brand. With […]
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The House of Representatives on Tuesday said the Ministry of Transportation would get zero allocation in the 2017 budget if it failed to provide clear explanation and figures on how it spent the funds appropriated to it in the 2016 fiscal year. According to the lawmakers, the ministry has not spent the over N243bn that it has so far received […]
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