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Monthly Archives: April 2017

Ford posts $39.1bn revenue, $1.6bn net income in Q1 2017


  Ford said it recorded a revenue of $39.1bn, posting $1.6bn as net income as well as $2.2bn adjusted pre-tax profit in the first quarter of 2017. “This quarter was an investment in Ford’s future. From announcing exciting vehicles like the all-new Expedition and Lincoln Navigator, to initiatives such as our ...

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FRSC investigates alleged drunken operatives


 Nigeria’s Federal Road Safety Corps (FRSC) said it has begun investigating the circumstances surrounding the embarrassing action of some of its operatives in the Anambra State Sector Command alleged to have been drunk and slept off  in a beer parlour while in official uniform with the view of disciplining them if ...

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Kia Motors to build manufacturing plant in India


    Kia Motors, this Thursday, signed a memorandum of understanding (MOU) with the State Government of Andhra Pradesh, India to build a new manufacturing facility in Anantapur District. The MOU, according to a statement issued in Seoul, was signed at a ceremony held in the city of Vijayawada, a ...

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$100m Dangote truck factory rolls out made-in Nigeria trucks …to provide 3,000 jobs


The $100 million truck assembly being floated by Africa’s richest man, Aliko Dangote, in partnership with Sinotruk of China, has rolled out its first set of made-in-Nigeria trucks as plans for full production by the first quarter of 2018 continue. The Project Manager, Dangote Group, Mr. Tijani Momodu, disclosed this ...

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Heritage Bank empowers BB Naija 5 top finalists with investment support

MD, Heritage Bank Plc, Ifie Sekibo,  (middle) flanked from the right by Tokunbo Idowu (TBoss), Efe Ejegba (Efe), Group Head, Market Intelligence & Analytics, Retail Banking, Cynthia Erigbuem; Team Member, Brand Compliance Management, Ozena Utulu; from right, Bisola Ayeola (Bisola), Oluwarise Deborah (Debbie Rise), Media Sales Executives at Multichoice, Omobolaji Mogaji and Group Head, Corporate Communications of the bank, Fela Ibidapo, during the visit of the Big Brother Naija 5-top finalists to Heritage Bank's Head Office, in Lagos...recently

  In its continual commitment to boost the small medium enterprise (SME) sector, Heritage Bank Plc, one of the proud sponsors of Big Brother Naija Season-2 reality TV show, has rewarded the five top finalists with financial investment support to enhance their entrepreneur drives. Efe, Bisola, TBoss, Debbie Rise and ...

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10 new coaches coming for Abuja-Kaduna rail service

Abuja-Kaduna trains

The Nigerian Railway Corporation (NRC) said on Tuesday that  it was expecting 10 new coaches for the Abuja-Kaduna standard gauge in July to increase the number of its daily trips. The Managing Director of the corporation, Mr Fidet Okhiria, told  the News Agency of Nigeria (NAN)  that the NRC was expecting some ...

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Arthouse Contemporary S’Art exhibition takes centre stage at Kia showroom in Lagos

kia 1

      Kia is partnering Arthouse Contemporary to bring yet again one of the best creative exhibitions of the works of art of  celebrated painter and mixed media artist, Diseye Tantua, in the S’Art solo exhibition currently going on at the Kia Showroom in Victoria Island, Lagos. The solo ...

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BMW Group grows Q1 profit before tax, revenues above market expectations


Ahead of the publication of its full financial results for the first quarter of 2017 on May 4, the BMW Group, which is made up of three luxury brands, BMW, MINI and Rolls-Royce,  said it achieved a profit before tax of € 3,005 million in the first quarter of the ...

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Ford Mustang emerges 2016 best-selling Sports Car on exports surge

The iconic Ford Mustang in China

Ford Mustang has been the best-selling sports car in the United States over the last 50 years, and now, thanks to growth in international markets, the iconic pony car is the most popular sports car in the world, according to Ford analysis of IHS Markit new vehicle registration data in ...

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Historic moment as Ford Executive Chairman, Bill Ford, returns to family’s homestead in Ireland for Ford Centenary

Bill Ford and Family at their homestead in Ireland

It was a historic occasion last Thursday as William Clay Ford, Jr., Executive Chairman of Ford Motor Company and great-grandson of the company’s founder, Henry Ford, unveiled a plaque and bench in Ballinascarthy, Ireland, to commemorate the 100 years of Ford in the country. The unveiling took place in the ...

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