BULLION VAN ROBBERY ATTACK: N25M SNATCHED, POLICEMAN BADLY INJURED

September 7, 2017 AdminLeave a comment

A police officer sustained grave injuries on Wednesday after a gang of robbers waylaid a bank’s billion van between Otulu and Ubulu-Okiti, along Asaba/Benin expressway, Delta State, and made away with N25 million.

OIL MARKETERS THREATEN MASS SACKING OVER $2BN DEBT

August 30, 2017 AdminLeave a comment

Oil marketers have said they will embark on mass retrenchment following the failure of the Federal Government to pay the debt owed them for importation of petroleum products as well as the accrued interest on loans from banks and exchange rate differential.

NEW LAWS TO ALLOW USE OF MOTOR VEHICLES AND OTHER MOVABLE ASSETS AS COLLATERAL FOR BANK LOAN SIGNED BY ACTING PRESIDENT, YEMI OSIBANJO

June 1, 2017 AdminLeave a comment

Acting President Yemi Osinbajo has signed two new laws that will facilitate access to more affordable credit facilities for businesses in the country.

BANKS RARELY FUND HAULAGE COMPANIES IN NIGERIA

May 14, 2015 AdminLeave a comment

Excerpts from the recent interview Punch had with the Chief Executive Officer of Transnational Haulage Limited, Mr. Akinola Ososanya. Being a major stakeholder, would you say the haulage sector has grown positively over the years? Well, it has improved in certain aspects like the use of technology to track the movement of trucks and the availability of mobile phones by […]

LOCALLY-ASSEMBLED VEHICLES TO GET SPEED LIMITERS

As part of efforts to reduce the rate of speed-related accidents in Nigeria, the National Automotive Development and Design Council has directed all vehicle manufacturing plants in the country to install the speed-limiting device in their vehicles.
A deadline for compliance on the installation of the device in all vehicles being imported into the country has also been given.
AUTO POLICY CAUSING HIGH MARITIME JOB LOSSES – EXPERT

In a letter to President Muhammadu Buhari, a member of the Presidential Taskforce on Customs Reform, Mr. Lucky Amiwero, has called on the Federal Government to review the policy, due to its negative impact on the economy.
He said, “The impact associated with the implementation of the auto policy is as follows: the diversion of cars carrying vessel to neighbouring West African ports as a result of high tariff on imported vehicles; and the reduction of the maritime workforce by 70 per cent, which affects mostly licensed customs agents, importers, dealers and Nigerians abroad.”
UNDERSTANDING THE HISSING & SQUEAKY SOUND FROM TRUCKS

Ever wondered why trucks and buses make funny squeaking and hissing sounds? Well, the squeaking is the air escaping after braking and the hissing sound is the automatic bypass safety valves at work, ensuring the air pressure remains at the correct level.
Since a main advantage of air-brakes systems is their ability to use air to operate, the compressor is constantly kicking on and kicking off to refill the reservoirs with pressurized air. When the compressor builds too much air, the valves open, producing that loud hiss which probably gets some of us wondering…What the heck is leaking..lol!
SAFETY TIPS! COPING WITH POTHOLES

Hitting potholes can throw your vehicle\'s front end out of alignment. If you feel your car \"pulling\" during driving, that\'s a clue that you could have a problem.

Check the tread on your tyres. Uneven tread wear can be a sign of misalignment. If you hit a severe pothole, have the vehicle\'s alignment and tyre balance checked.

When you hit a pothole you can damage your tyre and/or the metal wheel of your vehicle. Keeping your tyres properly inflated will help reduce damage from potholes and other road hazards.

The impact of potholes on tyres increases dramatically with speed and can cause hidden, internal damage that could lead to tyre failure weeks, or even months, later. It\'s best to avoid potholes entirely, but if that\'s not possible, don\'t brake during the pothole impact. Instead, apply brakes before hitting a pothole and release them just before impact. Braking during the impact sets up the tyre and wheel assembly for a \"solid hit\" against the edge of the hole. Less severe damage occurs when a tyre is rolling than when it is skidding over a hole during braking.

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Tag: Banks

BULLION VAN ROBBERY ATTACK: N25M SNATCHED, POLICEMAN BADLY INJURED

OIL MARKETERS THREATEN MASS SACKING OVER $2BN DEBT

NEW LAWS TO ALLOW USE OF MOTOR VEHICLES AND OTHER MOVABLE ASSETS AS COLLATERAL FOR BANK LOAN SIGNED BY ACTING PRESIDENT, YEMI OSIBANJO

BANKS RARELY FUND HAULAGE COMPANIES IN NIGERIA