The Volkswagen logo is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer BERLIN (Reuters) - Volkswagen expects productivity at its core autos brand to keep growing in the months ahead because of cost cuts and full availability of higher-margin models launched last year. “We have costs under control and
Bolloré charged for corruption in Africa, firm denies
...Vincent Bolloré, CEO and master dealmaker placed under formal investigation. A logistics powerhouse in Africa, the French company allegedly “provided discounted communications advice” in Guinea and Togo in exchange for licenses to operate container ports. Bolloré Group, which has extensive logistics and port operations in Africa, is denying charges of corruption in a probe
Apapa gridlock delays N85m solid minerals export
Lagos, Nigeria - The persistent difficulty in accessing the nation’s major seaport, Apapa, is taking its toll on movement of non-oil exports and may affect the earnings for this year, investigation by our correspondent has revealed. It was gathered that on the average, 15-container load of solid minerals, valued at $18,500
NIPOST generates N20.62bn in one year
The Nigerian Postal Service generated a total of N7.04bn from its core operations in 2017, according to a report by the Punch newspaper. The report revealed that with another N13.58bn generated from electronic stamp sales, the postal organisation actually made a total of N20.62bn in the 2017 fiscal year. A breakdown of
Aero Wins Ghana’s Approval to Maintain Country’s Aircraft
The Ghana Civil Aviation Authority (GCAA) has given Aero Contractors Authorised Maintenance Organisation (AMO) certification to conduct checks on Boeing B737 Classics. This means that Aero can conduct maintenance on aircraft registered in Ghana up to C-check, as the Nigerian company has said that its goal was to receive such approval
Nigeria’s okays N64bn for its Lagos-Ibadan road bridges and toll plazas
The Federal Executive Council on Wednesday approved N64.108bn for additional work on the Lagos-Ibadan Expressway. The additional work will be done on Section I of the road from Lagos to the Sagamu interchange. The Minister of Power, Works and Housing, Babatunde Fashola, disclosed this to State House correspondents at the end of
Cargolux reports 2017 was ‘best year in history’
Joining the chorus singing the praises of last year nearly across the board in the airfreight industry, Luxembourg-based Cargolux said today that 2017 was the carrier’s “best year in history,” reporting that it broke 1 million chargeable tonnes flown for the first time ever, and experienced a 2,123 percent rise
90% of Nigeria’s vehicle emission testing centre completed
Vehicle imported into Nigeria Lagos - The Federal Government of Nigeria says it is forging ahead with its implementation of the automotive industry development policy geared towards encouraging automakers to set up vehicle production plants in Nigeria. As part of the arrangement, it said over 90 per cent of a vehicle emission
South Africa’s Nationwide Buse Strike Continued Tuesday As Saftu Gears Up for General Strike
Commuters queue at the Bree taxi rank in Johannesburg as many of them have no choice but to use taxis following the nationwide bus strike. The nationwide bus strike continued on Tuesday, with Western Cape commuters facing additional travel delays due to long-awaited rain and possible localised flooding. The National Union of
NCAA Reviews Engines of Nigerian Airlines Aircraft over FAA Directive
The Nigerian Civil Aviation Authority (NCAA) has started reviewing the engines of some commercial aircraft types manufactured by Boeing, especially Boeing B737 in reaction to the US Federal Aviation Administration (FAA), which ordered test on the aircraft engine types of South West Airlines Flight 1380, which exploded recently while airborne. Last