Fiat Chrysler Automobiles NV proposed a merger with Renault SA to create the world’s third-biggest carmaker as manufacturers scramble for scale to tackle an expensive shift to electrification and autonomous driving. The transaction would be structured as a 50-50 ownership through a Dutch holding company, Fiat said Monday. Renault shareholders, including the French government, would
The Nigerian maritime industry may be attracting investments worth USD30 billion (about N10.8 trillion) in 2019 financial year. Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside, who disclosed this to Maritime Reports on the sidelines of the agency’s award night held at the Eko Hotel in Lagos last weekend, said
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that creating additional agencies in the maritime sector would only overburden the sector; adding that what needed to be done was to strengthen the existing ones for optimum service delivery. Dr. Peterside who stated this during the 2018
Nigeria Deposit Insurance Corporation has said that the reported cases of frauds, forgeries and outright theft involving bank staff declined by 48.12 percent from N18.02 billion in 2015 to N8.68 billion in 2016, while the actual losses to the nation’s banking industry dropped by 24.29 percent from N3.17 billion in 2015 to N2.40 billion in
