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Egyptian Petroleum minister forecloses fuel price hikes in current fiscal year

Cairo - Egyptian Petroleum Minister Tarek al-Mulla reiterated on Thursday that the Cabinet does not plan to raise the prices of petroleum products during the current fiscal year 2017-2018. Mulla added in an interview broadcast on the privately-owned Extra News satellite channel, on Thursday evening, that the government since 2014 has

Reviewing Shipping Charges on Storage

Lagos port complex Eromosele Abiodun interrogates the claims by customs agents in the country that shipping companies’ charges on storage contravene the Customs Excise Act Lagos (Thisday) - International shipping is a complex subject that includes many variables. Proper handling paves the way for a reliable and cost-effective management of ocean freight.

Aviation Fuel Scarcity May Paralyse Flight Operations

Lagos (Thisday) - Aviation fuel scarcity, which started last weekend, may get worse as the yuletide draws near and the prices of the product expected to skyrocket as it happened in the previous years. The scarcity since the beginning of the week has affected flight operations and led to delays and

Kenya’s Standard Gauge Railway electric train upgrade cost set to hit Sh65 billion

A train launched to operate on the Standard Gauge Railway (SGR) line constructed by the China Road and Bridge Corporation (CRBC) and financed by Chinese government arrives at the Nairobi Terminus on the outskirts of Nairobi, Kenya May 31, 2017. REUTERS/Thomas Mukoya Plans to electrify the Mombasa-Nairobi Standard Gauge Railway (SGR)

BMW recalling 1 million vehicles in North America

FILE PHOTO: A BMW logo is seen at the 2017 New York International Auto Show in New York City, U.S. April 13, 2017. REUTERS/Lucas Jackson WASHINGTON (Reuters) - BMW AG said Friday it is recalling about 1 million vehicles in North America for two separate issues involving fire risks and said

Shippers Council, FRSC to clear trucks from roads

Lagos  Nigerian Shippers Council and the Federal Road Safety Corps on Friday signed a Memorandum of Understanding (MOU) that will ensure the immediate removal of trucks, tankers, and trailers from all highways across the country. The Partnership between the two agencies was setup up to regulate the sector, by creating a centralized database

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