Jaguar Land Rover has recalled 54,000 vehicles in the United States of America (USA)  in the latest round of Takata airbag recalls. The recall breaks down to 20,000 Jaguar XF sedans and 34,000 Range Rovers for frontal passenger airbag inflators that may rupture. According to Automotive News, the  first phase of the recall covers certain 2009-11 Jaguar XF models and certain 2007-11 Land Rover …

Considering the enormity of quest to re-engineer its operations and further boost returns on investment, forte oil has concluded plans to raise N50billion debt instrument from the capital market. Similarly, the company disclosed that the second leg of its capital raising which will be done through equity financing in 2017 or beyond when the need arises. Addressing the capital market …

FRIDAY EKEOBA Nestlé Nigeria Plc has announced draw-down in its operations for the half year period ended June 30 , 2016, as finance costs rose by 361 per cent to impact negatively on profitability. According to the multinational company finance costs rose by 361 per cent to N14.89 billion in half year ended July 30, 2016 from N3.2billion in half year ended July …

Barring any last minute change in decision, the Association of Nigerian Licensed Customs Agents (ANLCA) has threatened to shut down the nation’s ports over 43 per cent hike in customs duty. President of the association, Alhaji Olayiwola Shittu who made this disclosure on Thursday in Lagos, noted that the association condemned in totality the monetary policy that led to the collapse of the maritime industry. …

The Federal Government has set up a Presidential Enabling Business Environment Council committee to address bottlenecks affecting smooth operations the Nigerian industrial sector. The Minister of Industry, Trade and Investments, Dr Okechukwu Enalamah, who made this revelation stakeholder in Lagos, said it was part of the Federal Government’s efforts to address issues affecting the economy generally, and industrialists particularly. He said the administration was genuinely …

By Friday Ekeoba Notwithstanding the hash economic realities’, Dangote Cement Plc, a leading cement manufacturer in the domestic economy has said that the company bottom-line will further experience a positive growth as volume of sales is expected to increase in the second-half of 2016. The company said the financial health of the conglomerate will further receive a boost in the year considering the company’s …

The Securities and Exchange Commission (SEC) is pleased to notify the investing public that dividend warrants can now be deposited into savings accounts. This follows the directive from the Central Bank of Nigeria (CBN) via Circular referenced BPS/DIR/GEN/CIR/03/005 dated 28th July, 2016 instructing banks to allow customers with BVN to deposit cheques into their savings account. As part of several …

Colorectal cancer, major cause of death in Nigeria- Expert Dayo Emmanuel   Former Head of State, General Yakubu Gowon (Retd.) has confirmed he learnt a lot from various lectures delivered by experts at the just concluded Annual Conference of the Society for Gastroenterology and Herpetology in Nigeria (SOGHIN) in Lagos recently. Gowon, who is the ambassador of the society said, …

  The immediate past governor of Ogun State and the Arole of Remoland, Otunba (Engr.) Gbenga Daniel has described His Royal Majesty, Oba Sir (Dr.) Michael Adeniyi Sonariwo, Erinjugbo II, the late Akarigbo and Paramount ruler of Remoland as an accomplished monarch whose death ended another glorious chapter in the administrative and rich cultural history of Remoland. In his condolence …

  Worried by the continued insolvency currently being experienced by most state in the country, the National Delegate Conference (NDC) in Abeokuta, Ogun State, Association of Senior Civil Servants of Nigeria (ASCSN) has appealed to the Federal Government to offer ‘adequate protection’ to the N5.3 Trillion workers contributory pension funds. Speaking at a conference held on Wednesday, President of ASCSN, …