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State House inaugurated Fire Alert Centre

The Permanent Secretary, State House, Tijjani Umar, and the Controller General (CG), Federal Fire Service (FFS), Liman Alhaji Ibrahim have inaugurated the State House Fire Alert Centre. According to a release by an Assistant Director (Information), Patience Tilley-Gyado, Umar, while commissioning the Centre said it would safeguard national assets and ensure rapid response to emergencies […]

Kogi bail out funds - EFCC
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CBN has acknowledged receipt of N19.3bn Kogi bail out funds – EFCC

The Economic and Financial Crimes Commission (EFCC), Friday, said it was in receipt of a letter from the Central Bank of Nigeria (CBN) acknowledging receipt of the sum of N9. 3 billion “recovered (by);the EFCC from the Kogi State Salary Bail-out account domiciled in Sterling Bank Plc”. Saturday Telegraph reports that the Kogi State government […]

Motoring

Toyota ready to develop alternative fuels with other Japanese vehicle makers

  Toyota Motor Corp (7203.T) said on Saturday it will partner with four other Japanese vehicle makers to explore the viability of alternative green fuels for internal combustion engine cars, including hydrogen and synthetic fuels derived from biomass. The companies, which in addition to Toyota include Mazda Motor Corp (7261.T), Subaru Corp (7270.T), Yamaha Motor (7272.T) and Kawasaki Heavy Industries (7012.T), made […]

Motoring

COP26: Six major carmakers agree to phase out fossil-fuel vehicles by 2040, UK says

  • Volvo, Ford, GM aim for 100% zero-emission vehicles • Volkswagen, Toyota, Stellantis not part of pledge • United States, China and Germany missing from pledge Six major automakers on Wednesday will commit to phasing out the production of fossil-fuel vehicles around the world by 2040, as part of global efforts to cut carbon […]

Motoring

Nigeria, GAC Motors partnership will boost industrialisation, create job opportunities – Chinese envoy

  The Chinese Ambassador to Nigeria, Mr Cui Jianchun, has hailed the partnership between Nigeria and GAC Motors, saying that the partnership will boost industrialisation and economic growth in Nigeria. GAC Motors is a new Chinese automobile company in Nigeria. Cui was speaking at the weekend when the management of GAC Motors handed over fleets […]

Motoring

Hero MotoCorp, Kewalram launch upgraded Hunter motorcycle for Nigerian market

  Hero MotoCorp, one of the world’s largest manufacturers of motorcycles and scooters and Kewalram Group have partnered to launch the new Hunter motorcycle developed especially for the Nigerian market in Abuja. The launch in Abuja closely follows that of Ibadan last week. Hero MotoCorp, along with Kewalram Chanrai Group, exclusive distributor of Hero MotoCorp […]

Motoring

Volvo’s latest export: Paid parental leave to help female executives

  Volvo Cars will offer all its employees worldwide 24 weeks paid parental leave in a bid to support female executives and equal parenting. The carmaker, which is based in Sweden but owned by China’s Geely Holding, has over 40,000 employees. From next month, all staff who have worked in Volvo plants and offices for […]

Motoring

Honda agrees to sell British car plant to logistics giant Panattoni

    Honda has agreed to sell its only British car plant at Swindon in southern England to logistics giant Panattoni, a company spokesman said on Saturday, as the new owner reportedly plans to make a large investment at the sprawling site. The Japanese automaker, which builds about a tenth of the 1.5 million car […]

Motoring

China’s Geely Automobile plans new EV unit after profit fell in 2020

  China’s Geely Automobile Holdings Ltd said on Tuesday it and its parent Zhejiang Geely Holding Group will form a joint venture for electric vehicles (EV) and launch a new brand called Zeekr, after its profit fell 32% last year. In two earlier reports, people familiar with the matter exclusively told Reuters about Geely’s plans […]

Motoring

EV frenzy over Volkswagen shares draws regulator’s attention

  An outsized rally in Volkswagen shares has drawn the attention of Germany’s top market watchdog as heavy-volume trading spurred by the carmaker’ electric vehicle ambitions sent the stock rising as much as 32% this week. Shares in Volkswagen AG reversed course on Thursday, however, after hitting their highest level since April 2015 as regulator […]

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