Abuja - A group of Nigerian senators have called their colleagues in the national assembly to speed up passage of the bill to establish the Chartered Institute of Logistics and Transport of Nigeria The senators made up of the Chairman, Senate Committee on Land Transportation, Senator Gbenga Ashafa of Lagos East, his
Year: 2018
Nigerian Senate tells National Oil Corporation to End fuel scarcity in seven days
Abuja - Vehicles queuing for petrol as scarcity of the commodity persists in on Monday December 18, 2017 Abuja - The Nigerian Senate yesterday told the country's Nigerian National Petroleum Corporation to end the lingering scarcity of Premium Motor Spirit (petrol) within seven days. This was part of the resolutions made by
Plane loses landing gear, tyres at Abuja airport
Crash-landed Nestoil jet. Photo Credit: Nairaland Abuja - An air mishap was averted on Thursday as an aircraft operated by Nestoil lost its landing gear and two tyres while landing at the Nnamdi Azikiwe International Airport, Abuja. It was learnt that the aircraft, which had nine persons on board at the time
Bombardier expected to lose U.S. trade dispute: Canadian government source
FILE PHOTO: A Bombardier C-Series aircraft is displayed at the Singapore Airshow at Changi Exhibition Center February 18, 2016. REUTERS/Edgar Su/File Photo Montreal (Reuters) - Planemaker Bombardier Inc is expected to lose a hotly contested U.S. trade dispute this week, a Canadian government source told Reuters on Thursday, likely inflaming tensions
Caterpillar profit beats estimates on buoyant global demand
Caterpillar Inc’s profit trounced forecasts for the seventh straight quarter on Thursday as buoyant global demand from construction, mining and energy industries drove a 35-percent surge in equipment sales. Caterpillar said it saw “positive economic indicators across most of the world.” It forecast stronger home and non-residential construction in North America
Hyundai Motor earnings miss forecasts on weak China sales
Seoul, South Korea (AP) - Hyundai Motor said Thursday its fourth-quarter earnings rose a lower-than-expected 3 percent, hurt by weaker overseas sales, while its operating income slumped to its lowest level since 2010. South Korea’s largest automaker said its October-December net profit was 1.03 trillion won ($970 million) on sales of
VW’s Scania backs Northvolt’s $5 billion Swedish battery plant
Northvolt's $5 billion electric-car battery plant Stockholm (Reuters) - Volkswagen-owned truckmaker Scania is to invest 10 million euros in a 4 billion euro ($5 billion) project to build Europe’s biggest battery cell plant in northern Sweden. Sweden’s Northvolt, whose CEO Peter Carlsson used to work for Tesla, is racing against rivals such as
Potholes ahead for Trump transportation, infrastructure plan
Washington (AP) - The Trump administration is preparing to unveil long-promised plans for roads, bridges and other infrastructure next month. But the plans will fall short of some of his ambitious goals. Trump told mayors this week he will unveil his plan after next week’s State of the Union address. He
Toyota South Africa recalls more than 700,000 vehicles
Cape Town (Reuters) - Japanese carmaker Toyota’s South African unit recalled more than 700,000 vehicles because of an issue with safety bags used in the cars, an official at Toyota South Africa said. “Toyota South Africa has initiated an immediate recall in excess of 700,000 vehicles across 10 models, including Lexus. This
Lufthansa leads Series A funding for online freight platform Fleet
Lufthansa Cargo led a US$10 million Series A round of financing in Fleet, an online freight platform startup, with participation from investors, including Hunt Technology Ventures and UPS. Fleet is an online marketplace that matches customers’ demand for freight services with available capacity provided by logistics companies, offering an alternative to