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Leasing industry maintains upward trend, grows by 14.5% in 2017

Nigeria’s outstanding lease volume increased to N1.44trillion in 2017 from N1.26trillion the previous year, representing a growth of 14.5 percent, according to a recent report released by the Equipment Leasing Association of Nigeria, ELAN. The report listed relative stability in the macroeconomic environment, increasing lease demand, new entrants into the leasing

Rehabilitation of Ikorodu-Sagamu road begins

The Federal Government of Nigeria has commenced the rehabilitation of the 30.4-kilometre road linking Lagos State to Sagamu town in Ogun State. This is a major access road for trucks and tankers evacuating petroleum products from the Nigerian National Petroleum Corporation’s depot in Mosimi. The project was awarded to Arab Contractors and

Self-driving technology hits speed bumps

A self-driving Volvo vehicle, purchased by Uber   Multiple accidents have put automated cars and trucks in the hot seat. Automated vehicle technology in the United States has been gaining less support in recent months after various crashes have occurred involving self-driving cars. On March 18, an Uber Volvo SUV operating in self-driving mode

Nigerian Govt Signs $6.68 Billion Contract on Ibadan-Kaduna Rail

A section of the Ibadan-Kaduna Rail project. The federal government of Nigeria on Tuesday signed $6.68 billion contract agreement for the Ibadan-Kaduna segment of the Lagos-Kano rail line with China Civil Engineering Construction Corporation (CCECC). The information is in a statement by Yetunde Sonaike, the Director, Press, Federal Ministry of Transportation in Abuja. Mrs.

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