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Airlines’ record high traffic raises airfares in Nigeria as Sallah celebrations take centre stage

Nigeria (Businessday) - Domestic airlines have raised their fares from Lagos to northern routes in Nigeria, such as Kano, Kaduna, Maiduguri and Abuja, as a result of the Eid-el-Kabir celebration, which has also pushed up the prices of rams. Patronage at the ram markets is however low, as buyers stay

Freight Companies Scramble to Reroute Goods in Wake of Harvey

Trucking fleets, railroads and shipping lines are rerouting cargo and setting up alternate supply lines as Tropical Storm Harvey promises to disrupt freight traffic across southeast Texas for days. Seaports in Houston and Corpus Christi have been closed to most ships since before Harvey made landfall Friday, and rising waters from days of heavy rains and

Toyota invests in ride-sharing app Grab

Toyota Tsusho Corporation, the sole general trading company of Toyota Group, has invested in Grab in its current financing round and is expected to raise $2.5 billion. This investment was made through its Next Technology Fund and is the latest participant in Grab’s current financing round, led by SoftBank and

Commercial bus owners in Nigeria ask the government to check spate of armed robbery

(Sun) - The umbrella body of long distance bus owners and operators in Nigeria, Association of Luxury Bus Owners (ALBON) has implored the Federal Government to deploy measures that will stem the rising cases of armed robbery on various highways. The association, while reacting to the killing of the driver of a

Uber Gets Deal-Maker, Trump Agitator as CEO

Dara Khosrowshahi will take over as chief of ride-hail company Meg Whitman and Jeffrey Immelt were finalists for the job   (Bloomberg) - Uber Technologies Inc. will appoint Expedia Inc.’s Dara Khosrowshahi to run the global ride-hailing Leviathan, two people familiar with the matter said. He’ll succeed co-founder Travis Kalanick, who led the

Nigerian Firm, Nigus, to assemble electric cars by 2020

Nigus, a Nigerian firm, has concluded plans to assemble electric vehicles in the country by 2020. Its Chairman, Prince Malik Ado Ibrahim, who made this known in Abuja at the weekend, said he was pushing this line of investment to save Nigeria from becoming a dumping ground for hydrocarbon vehicles in

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