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German luxury carmaker, Porsche’s global vehicle deliveries fell by eight per cent in the first quarter of 2025, weighed down by a 42 per cent drop in China. The company gave the report on Tuesday. Porsche delivered 71,470 vehicles worldwide between January and March, an eight per cent drop compared to the same period in
The Federal Government is planning to deploy robotic machines for underwater inspection of bridges nationwide, the Minister of Works, Sen. Dave Umahi, announced on Sunday. At a stakeholders engagement on Section 2 of the Lagos-Calabar Coastal Highway project, Umahi said that the move was to reduce the cost of hiring divers for underwater assessments. He
The Federal Government says it is set to receive the first batch of 3.205 million meters in April, procured to bridge the metering gap in the country. The Minister of Power, Mr Adebayo Adelabu,said this in a statement by his Special Adviser, Strategic Communications and Media Relations, Mr Bolaji Tunji in Abuja on Sunday. Adelabu
The Central Bank of Nigeria (CBN) on Friday supplied a total of 197.71 million dollars to the foreign exchange market through sales to authourised dealers. The apex bank’s Director of Financial Markets Department, Dr Omolara Duke, disclosed this in a statement on Saturday in Abuja. She noted that the intervention aligned with the apex bank’s
Ignatius Chukwu, the South South Regional Editor of Business Day Newspaper, has expressed grave concerns over the current economic policies in Rivers State, describing them as experiencing “summersaults.” In an interview with our reporter, Favour Zimoni, Chukwu highlighted the stagnation of investments in the state as a critical issue affecting economic stability. Chukwu explained that
Promoters and operators of entities engaged in a prohibited scheme is liable to a penalty of not less than N20 million or imprisonment to a term of 10 years or both. Thr Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, said it is one of the provisions of the newly signed Investments
International airlines that operate into Nigeria pay about N25bn annually for the towing of their aircraft, as the Federal Airport Authority of Nigeria has not been able to import the already procured aero bridges. In developed nations, aero bridges align with the aircraft doors, making immediate embarkation easy and swift. But in Nigeria, airlines pay
he Raw Materials Research and Development Council (RMRDC) has called on stakeholders in the rubber industry to support its quest for a review of the Act establishing the council. RMRDC’s Director-General, Prof. Nnayelugo Ike-Muonso, said this at a one-day Investment Forum on the Development and Rehabilitation of the Rubber Value Chain, in Owerri, on Monday. Ike-Muonso,
By Paul Chimodo In the bustling streets of Nigeria, a quiet revolution is taking place. Where once stood the ubiquitous recharge card vendors, now flourish Point of Sale (POS) terminal operators, forming a new breed of small business owners. As the economic climate becomes increasingly challenging, with rising unemployment and stagnating job opportunities, a growing
By Kasarachi Azuka, Asaba Any entrepreneur that has not become product-ready may be viewed as unserious. Now, Delta State seems to understand this and wants to make their entrepreneurs to avert that status. Details: Delta State Government has held a two-day Eco Action Summit/Fair wherein it trained entrepreneurs in the state to have products ready
