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Transportation

Conakry, Guinea becomes Turkish Airlines 120th destination as expansion rages

Turkish airline

Turkish Airlines Monday launched its first flight between Istanbul and Conakry. With this new addition, Turkish Airlines has expanded its network to 51 destinations on the continent where it is has the largest coverage number of destinations among all carriers. It is thereby cementing its position as the carrier that flies to more countries than any other airline, with 296 ...

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VW overtakes Toyota after four-year lead in sales

German auto giant, Volks Wagen (VW) has overtaken Toyota group in yearly global sales Only last year, global sales across its Toyota, Lexus, Daihatsu minicar and Hino Motors Limited truck brands rose 0.2 per cent to 10.18 million last year from 2015 But sales of the Volkswagen AG’s surpassed Toyota Motor Corp’s four-year run as the world’s top-selling automaker in ...

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Tanzania raises tax on charcoal to save forests, Nigeria adamant

The impacts of recession and inflationary economy are currently spreading across Africa and the tide is not favouring the continent’s depleting forest resources. But to tame the trend of unsustainable use, Tanzania government is considering putting a tax on charcoal with the aim of discouraging the use of the fuel, which is a big source of energy for cooking. Findings ...

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Delivery of Lagos-Ibadan rail project boosted as China Exim bank approves N408bn

More money is expected to be injected into the Nigerian economy to ease liquidity with the approval of $1.275bn (about N408bn) loan for the project on behalf of the Chinese government. Already, the federal had last week announced the complete release of its counterpart funding of N72bn for the same project, a development that will see to the timely delivery ...

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Customs fears recession, downgrades 2017 revenue target to N900bn

Ali Customs boss

With lessons from the failed one trillion naira revenue target by the leadership of Nigerian Customs Service (NCS) in 2016 due to recession and forex crisis, the agency has downgraded its 2017 target to N900bn. Giving the target, the Service said it hopes to generate between N700 billion and N900 billion as revenue for the Federal Government this year. Explaining ...

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Cape Town unveils waste-to-energy plant as Lagos scheme remain in pipeline

More than two years after the Lagos State Government has signaled plans to decentralize waste dump site with the aim of beginning a waste-to-power project, South Africa’s City of Cape Town is now generating its own electricity through a waste-to-energy plant. The idea was discussed about three months ago and today, it has started yielding results, adding additional power to ...

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NPA, Customs launch single window at seaports to grow competitiveness

The managing director of Nigerian Ports Authority (NPA) and hierarchy of the Nigerian Customs Service (NCS) have made public their collaboration to boost competitiveness by way of jointly unveiling Single Window (SW) platform at the ports. Explaining the reasons behind the new scheme, managing director of NPA, Ms Hadiza Balla Usman said the target came via an intense automation with ...

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History in the making as Medview Airline arrives stock exchange Tuesday for listing

Med view Air

Medview Airline, Nigeria’s fastest growing flag carriers, has concluded arrangements s to hit the Nigerian Stock Exchange (NSE) for listing. Executive Director, Business Development, Mr Isiaq Na-Allah, in an interview said the listing would enable the airline to expand its route network and acquire more aircraft to boost its operations. If the deal sails through, Medview will assume the status ...

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Shippers’ Council plans codification of laws of inland transport in Nigeria

As parts of new moves to deepen inland transportation, the leadership of the Nigerian Shippers’ Council (NSC) observed has not only noticed the absence of a legal framework to guide the operation of inland transportation in the country, but has sealed a review deal with a consulting law firm to codify regulatory regime for the sub sector. The Executive Secretary ...

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Maritime ready to take over from oil—-Peterside

Nimasa boss, Dakuku Peterside

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said the maritime industry is ready to take over from oil as the leading revenue earner in the country, calling on all stakeholders to look into the opportunity that abound in the sector. The NIMASA DG stated this while receiving the leadership of the ...

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