Fiat Plans Merger with Renault in Latest Auto Industry Jolt

Posted by - May 27, 2019

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

N10.8trn investments projected for maritime industry in 2019

Posted by - January 16, 2019

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

Nigeria: Banking Industry Losses to Frauds Drop By 24.29% in 2016 – NDIC

Posted by - August 4, 2017

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