(Reuters) - Ford Motor is exploring setting up a joint venture with Chinese firm Anhui Zotye Automobile Co to build electric passenger vehicles in China under a new brand, tapping into a boom for such vehicles in the world's top auto market. China, struggling with alarming pollution levels in major cities,
Industries
Nigeria, Minster for Industry,Trade and Investment Charges Government Agencies
Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, has charged the government agencies to obey Federal Government’s Presidential Executive Orders on ease of doing business. According to him, This will bring about ease in trade facilitation and also boost investor confidence in the country’s trade. The minister, who disclosed this during
Nigeria Ports Authority MD emerges VP of International Association of Ports and Harbours
The Managing Director of the Nigerian Ports Authority (NPA), Mrs. Hadiza Bala Usman has emerged vice-president (Africa Region) of the International Association of Ports and Harbors. It is a global trade association for seaports based in Tokyo Japan and non-governmental organisation which represents the interest of ports across the world. Bala
Toyota’s Quarterly Profit Improves on Strong Sales
Toyota and Mazda Motor Corp. are set to announce later today a partnership TOKYO (AP) - Toyota Motor Corp. reported Friday that its fiscal first quarter profit rose 11 percent as sales improved around the world, including in the U.S., Europe and Japan. Toyota's April-June profit of 613.0 billion yen ($5.6 billion),
Logistics WhatsApp Group
Operators in Nigeria only Three months ago I created a WhatsApp group for Logistics and supply-chain professionals and enthusiasts in Nigeria that are at CEO, executive management and senior lecturer levels of their organization called, 'Logistics Connect'. Our number is growing. Are you in the profession or linked to it and practicing
Nigeria spends N4.69trn on petrol import, demurrage
The Federal Government is expected to save N4.69 trillion yearly from massive importation of petroleum products, as it plans to become a net exporter by end of 2019, according to statistics released by the Federal Ministry of Petroleum Resources. Besides, the Ministry, which said that no financiers have been selected for
NIGERIA Resumes Position as Africa’s Largest Exporter of Oil
MLN gathered that Nigeria’s crude oil exports are set to reach 1.84 million barrels per day (bpd) in July. The new figure is slightly higher because of a recovery in Forcados exports, according to the nation’s loading programmes seen Wednesday. Forcados exports resumed at the end of May after a nearly complete
Exportation of all timber species banned! – Zambian Government
The Zambian government has banned the export of all species of timber, not just of Mukula trees, says Minister of Lands and Natural Resources Jean Kapata. However, the Ministry will allow concession holders to continue operating to supply timber to the local industry, she said here Tuesday, adding that the ban
Pump Price of Diesel Down by over 30% in 4 Months
A report of THISDAY Newspaper’s market survey just published indicates that the pump price of diesel has dropped by over 30 per cent between February and June 2017, following the fluctuations in forex and international crude oil prices As a deregulated product, the price of diesel is controlled by the market
Domestic gas supply steps up to boost electricity output
The NNPC, Nigeria National Petroleum Corporation, has stepped up domestic gas supply to an average 7.32 million standard cubic feet per day (mmscf/d). This increased volume guarantees an average supply of 689 mmscf/d to national gas-fired power plants, allowing for a total power output 3,056 MW. Daily gas supply is up by