Business
Lagosians to pay more on BRT fares
Commuters of Bus Rapid Transit (BRT) will from February 1, pay more for patronising the transport service, as a result of increase in operational cost. Fola Tinubu, Managing Director of Primero Transport Services, an operator of the Lagos State Bus Rapid Transit (BRT) scheme told NAN the hike in transportation…
Read More »Electricity: Fashola attributes drop to cash crunch
The Minister of Power, Works and Housing, Babatunde Fashola, has attributed the drop in power generation in the country to the cash crunch in the power sector, among other factors. Fashola made the assertion on Wednesday in Abuja at the end of the Federal Executive Council (FEC) meeting. Fashola explained…
Read More »Mercedes begins next GLA test
German auto maker, Mercedes-Benz has began testing the next-generation model of Benz GLA crossover, few days after the premium brand debuted. According to report, the updated GLA wowed at the 2017 Detroit Auto Show, with refinements and enhancements to hold it over until the next-generation model arrives. Mercedes-Benz isn’t wasting…
Read More »Why we launched N1bn solar energy fund- BoI
Acting Managing Director, Bank of Industry (BoI), Waheed Olagunju said the N1billion solar energy intervention fund launched by BoI will improve the business activities of Micro, Small and Medium Enterprises (MSMEs) across the country. BoI launched a N1 billion solar energy fund last Friday for use by Micro, Small and…
Read More »PPPRA debunks petrol scarcity scare
Petroleum Products Pricing Regulatory Agency (PPPRA) has debunked reports speculating an imminent petrol scarcity over Federal Government’s inability to pay fuel marketers’ N660 billion debt. The agency said in a statement released in Abuja on Thursday by it’s spokesman, Mr Lanre Oladele, that the report was misleading and “a gross…
Read More »NNPC allays fear of possible fuel increase
The Nigerian National Petroleum Corporation, NNPC, has assured Nigerians that the fuel pump price remains N145 per litre. The regulatory body said this following rumours that the government was about to increase fuel pump price which according to reports made some motorists to resort to panic buying of petrol. NNPC…
Read More »Mercedes-Benz Surpasses competitors in Premium Segment, promises huge impact in Nigeria in 2017
Mercedes-Benz attained number one position attained in the premium segment at a double-digit rate in 2016. The German auto 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. It was also the…
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