Companies

Dana Group reaffirm commitment to Nigeria’s economy

Dana Group has reaffirmed its commitment to continue to support Nigeria’s economy with quality products and services. Its Group Deputy Managing Director, Mr Gautam Hathiramani, who spoke during the 2016 Most Valuable Brands Recognition Award, said: “We are committed to providing proudly Nigerian products and services that can also serve as launch-pad for the economy. […]

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Cowbellpedia on pursue for next inventors

Promasidor Nigeria Limited, makers of Cowbell Milk, is addressing the issue of mass failure in mathematics through the Cowbellpedia platform as the giant beverage company notes the vital role of the science subject in nation building. This comprises Cowbellpedia Secondary Schools Mathematics TV Quiz Show, Cowbellpedia Radio (a Mathematics class on radio) and Cowbellpedia Mobile […]

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Arik Air

N6m Fine: Arik accuses NCAA of ‘bad faith’

Arik Air has accused the Nigerian Civil Aviation Authority (NCAA) of acting in bad faith over its decision to impose a N6 million fine on the airline for its alleged poor handling of passengers’ luggage from London. The airline said the official communication procedure to respond to the alleged infraction has not been fully explored […]

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Heineken introduces pop-up experience centres

Heineken has introduced pop-up experience centres for consumers to replace Heineken House Lagos. The new centres will enable it extend its viewing experience across major cities in the country. Heineken, which sponsors the UEFA Champions League, made the announcement at the ‘One Last Time’ party, it held in Lagos. “The Heineken House Lagos is widely […]

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Guinness Nigeria eyes N40 billion new equity funds in rights issue

Guinness Nigeria PLC plans to raise about N40 billion from its shareholders as part of strategic plan to deepen its balance sheet and provide long-term financial support for its business. A notification issued by the company indicates that the Board of Directors of Guinness Nigeria has fixed an Extraordinary General Meeting (EGM) for January 24, […]

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Arik Air

NCAA fines Arik Air N6 million for violating passengers’ rights

Nigerian Civil Aviation Authority (NCAA) has slammed Arik Air a fine of N6 million for breaching the Nigerian Civil Aviation Regulations (NCAR)  rule concerning passengers’ rights and airlines’ obligation to them. Spokesman of the authority, Sam Adurogboye, who made this known yesterday, said the money should be paid within seven days, saying the penalty has […]

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N400 million worth of substandard tyres to be ruined

The Standards Organisation of Nigeria has deisclosed that it has in its warehouses substandard tyres worth about N400m awaiting destruction The Director-General, SON, Mr. Osita Aboloma, who disclosed this in Abuja, added that the tyres were mopped up by the agency’s enforcement teams across the country over the last few months, adding that the tyres would […]

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‘MTN paid N80 billion of the N330 billion fine’, FG says

The Nigerian Government has affirmed that MTN Nigeria has paid N80 billion of the N330 billion fine inflicted on it for failing to deactivate more than five million unregistered Subscriber Identification Module cards. Speaking at the News Agency of Nigeria Forum in Abuja on Monday, the Minister of Communications, Mr. Adebayo Shittu, said that the Johannesburg company paid the […]

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Electricity Power Equipment

AEDC aim to install 500,000 meters in catchment areas

The Abuja Electricity Distribution Company (AEDC), yesterday flagged-off its mass-metering exercise aimed at installing 500,000 meters in its catchment area. The exercise which is billed to be completed in about three years would cost $160million. Speaking with reporters after the commissioning of its free metering project in Abuja Investment Estate, Apo, the Managing Director, Mr. […]

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China Auto sales rise 17.2 percent in November

China’s explosive demand for SUVs helped boost auto sales 17.2 percent in November over a year ago, an industry group said Monday, as automakers prepared for the end of a key tax break and a potential slump in demand. Drivers in the world’s biggest auto market by number of vehicles sold bought 2.6 million cars, […]

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FG signs MoU with LZ on Milk production

In its bid to boost milk production and end the crisis between herdsmen and farmer, the Federal Government has signed a Memorandum of Understanding with LZ Intergrated Dairy Farm. According to the Managing Director of LZ farms, Mr. Mohammad Abubakar, the MoU will ensure that Fulani herdsmen are engaged on a commercial basis in milk […]

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Indomie rewards promo winners

Indomie Instant Noodles has rewarded the first batch of winners in its ongoing Indomie “You Like No Other” promo, which kicked off in October. The promo is aimed at rewarding consumers of the brand, and also give back to the society. Speaking at the presentation, the General Manager, Dufil Prima Foods PLC, Mr. Girish Sharma, […]

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