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Monthly Archives: April 2017

Fidelity Bank grosses N152bn in 2016 , proposes 14k dividend

Fidelity Bank Plc., Nigeria’s top lender, weekend reported an impressive results for the 2016 financial year, grossing a whopping  N152.0bn in earning for the year ended December 31, 2016 and is proposing to pay a dividend of 14kobo per share to shareholders. The full year audited results for the bank ...

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Heritage Bank, Workforce Group partner on impactful leadership

   Heritage Bank Plc, Nigeria’s most innovative banking service provider, has partnered Workforce Group in a bid to enhance impactful leadership that will contribute to the financial performance of an organisation. Speaking at a Learning & Development Leaders Conference organised by Workforce Group in Lagos, yesterday, Mrs. Tochi Onuoha, Head, ...

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BMW officials arrive Nigeria this week, to meet with Coscharis Motors Executives in Lagos

(By Olaolu Olusina, who just returned from South Africa)    Top officials of the German luxury carmaker, BMW, are expected in Nigeria this week from South Africa to formalise new working agreement and other business relationships with the BMW sole dealership in the country, Coscharis Motors. Autoreportafrica.com was reliably informed ...

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Isuzu expands X-Rider model range with KB X-Rider

When the X-Rider was originally introduced a year ago, it was just a limited edition of just over 700 units but it really touched a chord with South African bakkie fans selling out faster than you can say ‘hardcore’. Now,Isuzu is expanding the X-Rider model range with the new KB ...

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Firm plans ultra-modern vehicle parts, engine oil plants for Benue

A Nigerian business conglomerate, the Stanel Group, has unfolded its plans to build an ultra-modern vehicle parts plant, a tyre production company as well as a  lubricants plant in Benue State, saying the plants would provide training and employment opportunities for the teeming youths in the state. The Chief Executive ...

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Owerri passengers get airline’s Easter package

Imo Air, operated by Dana Air, has announced special Easter package for passengers flying to Owerri. The Media and Communications Manager of Imo Air, Mr Kingsley Ezenwa, said those flying into and out of Imo during the Easter celebrations will get bumper miles if they book their tickets ahead. “Easter ...

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NADDC lauds new standards on sulphur levels in petroleum fuels

The National Automotive Design and Development Council (NADDC) has commended the new standards recently adopted by the Standards Organisation of Nigeria (SON) on the maximum sulphur levels allowed in petroleum fuels in the country. Recall that SON, after due consultations with relevant stakeholders, recently adopted the new standards which reduced ...

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Three ‘American beauties’ to be showcased at the Rand Show’s “Route 66”

This Corvette C1 from 1954 is one of just a handful in South Africa. It will be on display at the Rand Show’s motoring hall, where the iconic Route 66 will come alive this year. As the countdown to the Rand Show continues, the organisers say one of the rarest ...

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Tiger Wheel & Tyre breaks new ground, goes live with online shopping option

Tiger Wheel & Tyre has broken new grounds with the introduction of its brand new e-commerce website – an industry-first for a large South African retail wheel and tyre chain. By going live, all brands, models and sizes, of all the same wheels and tyres that are available at the ...

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NNPC says no plan to increase petrol price

Nigeria ‘s oil corporation, Nigerian National Petroleum Corporation, NNPC, said on Wednesday   that the recent increase in bridging allowance to transporters from N6.20 to N7.20 per litre will not lead to an increase in the pump price of petrol or Premium Motor Spirit, PMS, from the prevailing price of ...

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