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LATEST NEWS & INDUSTRY UPDATES

NEW GLOBAL SHIPPING TREATY TO UNLOCK $30B INVESTMENT

The Ballast Water Management (BWM) Convention of the International Maritime Organisation (IMO) is poised to unlock an unprecedented estimated private …
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/ / Ballast Water Management BWM, GloBallast project, International Maritime Organisation IMO, Maritime, News, Shipping, United Nations Development Programme UNDP / No Comments on NEW GLOBAL SHIPPING TREATY TO UNLOCK $30B INVESTMENT

FG RAISES PANEL ON NEW LAGOS-IBADAN RAIL CONSTRUCTION

The Federal Government has set up a steering committee to monitor the construction of the new Lagos-Ibadan rail line and …
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/ / CCECC, Federal Government, Illegal Structures, Lagos-Ibadan Rail Line, Ministry of Transportation, Mr. Fidet Ikhiria, News, Nigeria Railway Corporation, Railway Line Right of Way, Rotimi Amaechi / No Comments on FG RAISES PANEL ON NEW LAGOS-IBADAN RAIL CONSTRUCTION

CHINESE ELECTRIC VEHICLE STARTUP NIO WILL SELL MASS-PRODUCTION CAR NEXT YEAR

Chinese electric vehicle startup Nio will start selling its first mass-production vehicle next year, the firm said in a statement …
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/ / Chinese, Electric Vehicle, Green vehicles, International titbits, New technology, News, Reuters / No Comments on CHINESE ELECTRIC VEHICLE STARTUP NIO WILL SELL MASS-PRODUCTION CAR NEXT YEAR

AT LEAST 44 FEARED DEAD IN ROAD ACCIDENT IN INDIA

At least 44 people are feared dead after a private bus swerved off a mountain road and plunged into a …
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/ / Fatal Accident, India, International titbits, News, road accidents / No Comments on AT LEAST 44 FEARED DEAD IN ROAD ACCIDENT IN INDIA

UNILORIN TO BEGIN MASS PRODUCTION OF SPEED LIMITER

The University of Ilorin has said that its two prototype designs of an automobile speed limiting device are attracting corporate …
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/ / Automotive Spares, FRSC, Local Content, Local Production, News, Speed Limiter, University of Ilorin / No Comments on UNILORIN TO BEGIN MASS PRODUCTION OF SPEED LIMITER

AERO CONTRACTORS EXPLAINS SMOKE IN PH-LAGOS FLIGHT (PASSENGERS’ TWEETS AND VIDEO)

The management of Aero Contractors has been explaining the incident that led to the smoke in the flight from Port …
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/ / Aero Contractor, Airport Disaster, Aviation, Captain Ado Sanusi, Lagos State, Near Disaster, News, Onboard fire disaster / No Comments on AERO CONTRACTORS EXPLAINS SMOKE IN PH-LAGOS FLIGHT (PASSENGERS’ TWEETS AND VIDEO)

TAXI DRIVER DOCKED FOR ABSCONDING WITH 13 KEGS OF GROUNDNUT OIL

A driver, Sikiru Shittu, 40, who allegedly absconded with 13 kegs of 25 litres of groundnut oil valued at N202,000.00 …
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/ / bad drivers, crime and criminality, Lagos Court, Lagos State, News, Stealing, Taxi Driver / No Comments on TAXI DRIVER DOCKED FOR ABSCONDING WITH 13 KEGS OF GROUNDNUT OIL

CHISCO, TWO OTHERS HUGE GAINERS AS GOVT SPENT N84M IN TRANSPORTING PASSENGERS BETWEEN KADUNA, ABUJA IN SIX WEEKS

The Nigerian federal government has spent over N84 million for the transportation of air passengers between Kaduna and Abuja since …
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/ / Abuja Airport Repairs, Chisco, Federal Government, FRSC, Kaduna Airport, Kaduna-Abuja Road, News, Nigeria Police Force, Nnamdi Azikiwe Intl Airport, NSCDC, Passenger Transport, Runway rehabilitation / No Comments on CHISCO, TWO OTHERS HUGE GAINERS AS GOVT SPENT N84M IN TRANSPORTING PASSENGERS BETWEEN KADUNA, ABUJA IN SIX WEEKS

26 KILLED AS PHILIPPINES BUS PLUNGES INTO RAVINE

At least 26 people were killed and 21 injured when a passenger bus crashed into a deep ravine in the …
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/ / Bus accident, Fatal Accident, International titbits, News, Passenger Transport, Philippines / No Comments on 26 KILLED AS PHILIPPINES BUS PLUNGES INTO RAVINE

BUHARI HAILS COMPLETION, REOPENING OF ABUJA AIRPORT

President Muhammadu Buhari on Tuesday commended the efforts of the ministries of transport, power, works and housing, the security agencies, …
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/ / Abuja Airport Reopens, Abuja Airport Repairs, Aviation, Ethiopian Airlines, Julius Berger, Kaduna State, Ministry of Transportation, News, Nnamdi Azikiwe Intl Airport, President Muhammadu Buhari / No Comments on BUHARI HAILS COMPLETION, REOPENING OF ABUJA AIRPORT

24HOURS AHEAD OF SCHEDULE: ETHIOPIAN AIRLINE PLANE LANDS IN ABUJA AS AIRPORT REOPENS (PICTURES)

Ethiopian Airlines’ Airbus 350 plane was the first aircraft to land at the Nnamdi Azikiwe International Airport, Abuja after the …
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/ / Abuja Airport Reopens, Abuja Airport Repairs, Airbus, Aviation, Ethiopian Airlines, FAAN, Foreign Airlines, Local Airlines, News, Nnamdi Azikiwe Intl Airport, Runway rehabilitation / No Comments on 24HOURS AHEAD OF SCHEDULE: ETHIOPIAN AIRLINE PLANE LANDS IN ABUJA AS AIRPORT REOPENS (PICTURES)

NIPCO OUTLINES GROWTH STRATEGY FOR MOBIL OIL

The Group Managing Director of NIPCO Plc, Mr. Venkataraman Venkatapathy, has outlined measures being put in place by the majority …
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/ / Acquisition, Exxonmobil, Growth Strategy, Mobil, News, Nigerian Stock Exchange, NIPCO / No Comments on NIPCO OUTLINES GROWTH STRATEGY FOR MOBIL OIL

NIGERIA LOSES AFRICA’S TOP OIL PRODUCER POSITION TO ANGOLA

Sheds N83 billion in one month Nigeria’s crude oil production fell by 156,900 barrels per day (bpd) to 1.269 million …
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/ / Angola, International Oil Companies IOCs, Major Oil Producers, News, Niger Delta, Oil and Gas, OPEC, Shell Petroleum Development Company SPDC / No Comments on NIGERIA LOSES AFRICA’S TOP OIL PRODUCER POSITION TO ANGOLA

TEARS, PROTESTS AS NRC PULLS DOWN STRUCTURES OVER LAGOS-IBADAN RAIL TRACKS

Protests have trailed the demolition of structures allegedly standing on the right of way of the Nigeria Railway Corporation (NRC) …
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/ / Lagos-Ibadan Rail Line, News, Nigeria Railway Corporation / No Comments on TEARS, PROTESTS AS NRC PULLS DOWN STRUCTURES OVER LAGOS-IBADAN RAIL TRACKS

MAN DAZZLED AFTER CAR WAS CONVERTED TO SHOP IN 15 MINUTES

A Lagos man has saluted the dexterity of traders in popular Lagos auto spare parts market, Ladipo after a first …
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/ / Automotive Spares, Ladipo Spare Parts Market, Lagos Hustle, Lagos State, News, Street hawker / No Comments on MAN DAZZLED AFTER CAR WAS CONVERTED TO SHOP IN 15 MINUTES

ONE DIES, FIVE INJURED IN OGUN CRASH

One person was killed while five others were injured in an auto crash which occurred along the Abeokuta-Ibadan Road, Asero, …
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/ / car accident, Fatal Accident, News, Ogun State, TRACE / No Comments on ONE DIES, FIVE INJURED IN OGUN CRASH

EASTER TRAGEDY: SEVEN KILLED, 19 INJURED IN LAGOS ACCIDENTS

No fewer than seven people lost their lives on Monday in two separate accidents in the Gbagada and Surulere areas …
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/ / Auto crash, Automobile fire outbreak, Bus accident, Colli, Fatal Accident, Lagos State, LASEMA, News / No Comments on EASTER TRAGEDY: SEVEN KILLED, 19 INJURED IN LAGOS ACCIDENTS

AJAOKUTA STEEL COMPANY HOLDS FUTURE OF AUTOMOBILE INDUSTRY IN NIGERIA – OFFICIAL

Olaoluwa Ogundipe, Principal Technical Assistant with the National Automotive Design and Development Council, has called on the Federal Government to …
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/ / Ajaokuta Steel Company, Automakers, Automotive Industry, Automotive Industry Policy, Federal Government, NADDC, News / No Comments on AJAOKUTA STEEL COMPANY HOLDS FUTURE OF AUTOMOBILE INDUSTRY IN NIGERIA – OFFICIAL

ABUJA AIRPORT READY FOR USE – NCAA

The Director-General, Nigerian Civil Aviation Authority (NCAA), Mr Usman Muktar, says the Nnamdi Azikiwe International Airport, Abuja, runway is ready …
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/ / Abuja Airport Repairs, Aviation, FAAN, International Civil Aviation Organisation ICAO, Mr Usman Muktar, NAMA, NCAA, News, Nnamdi Azikiwe Intl Airport, Notice to Airmen NOTAM, Project Inspection / No Comments on ABUJA AIRPORT READY FOR USE – NCAA

MEDVIEW TO RESUME ABUJA FLIGHTS WEDNESDAY

As the Nnamdi Azikiwe International Airport, Abuja, reopens on Wednesday for air traffic, Medview Airline on Monday released a schedule …
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/ / Abuja Airport Repairs, Aviation, Flight Operations, Kaduna Airport, Medview Airline, News, Nnamdi Azikiwe Intl Airport / No Comments on MEDVIEW TO RESUME ABUJA FLIGHTS WEDNESDAY

TRUCKER’S WILD EXPERIENCE ON THE ROAD

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FEATURES


DIESEL PRICE IN NIGERIA: DEFYING THE FORCE OF GRAVITY – PART TWO

TRADITIONAL REASONS FOR HIGH DIESEL PRICE Traditionally, upward swing in diesel price is usually due in part to the rising price of crude oil in the international market, age-long failure …
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Articles, Diesel Matters, fuel management, Fuel Matters / No Comments on DIESEL PRICE IN NIGERIA: DEFYING THE FORCE OF GRAVITY – PART TWO


DIESEL PRICE IN NIGERIA: DEFYING THE FORCE OF GRAVITY – PART ONE

WHEN the price of crude oil started crashing in August last year, expectations were high that domestic pump prices of refined petroleum products would also decline, giving businesses and individuals …
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Articles, Diesel Matters, fuel management, Fuel Matters / No Comments on DIESEL PRICE IN NIGERIA: DEFYING THE FORCE OF GRAVITY – PART ONE


THE AUTOMOTIVE INDUSTRY POLICY AND THE NEW IMPORT TARIFF: A CRITICAL ASSESSMENT (PART FOUR)

A Boost to Employment: Flying a Ruse! It was also stated that the new tariff will create employment almost immediately. Two employment generating windows were identified as possible spinoff of …
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Articles, Automotive Industry, Automotive Industry Policy, New Import Tariff, News, Nigeria, Transport/Logistics / No Comments on THE AUTOMOTIVE INDUSTRY POLICY AND THE NEW IMPORT TARIFF: A CRITICAL ASSESSMENT (PART FOUR)


THE AUTOMOTIVE INDUSTRY POLICY AND THE NEW IMPORT TARIFF: A CRITICAL ASSESSMENT (PART THREE)

A REVIEW OF THE NEW AUTOMOTIVE IMPORT TARIFF When the Minister of Trade and Industry stated that the new tariff regime will among other things “make imported cars more expensive …
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Articles, Automotive Industry Policy, New Import Tariff, News, Nigeria, Transport/Logistics / No Comments on THE AUTOMOTIVE INDUSTRY POLICY AND THE NEW IMPORT TARIFF: A CRITICAL ASSESSMENT (PART THREE)


THE AUTOMOTIVE INDUSTRY POLICY AND THE NEW IMPORT TARIFF: A CRITICAL ASSESSMENT (PART TWO)

THE ECONOMICS OF IMPORT TARIFF One of the most important issues in a country’s economy is trading; therefore, tariffs are most often discussed when talking about imported goods.  A tariff …
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Articles, Automotive Industry Policy, New Import Tariff, News, Nigeria, Transport/Logistics / No Comments on THE AUTOMOTIVE INDUSTRY POLICY AND THE NEW IMPORT TARIFF: A CRITICAL ASSESSMENT (PART TWO)


THE AUTOMOTIVE INDUSTRY POLICY AND THE NEW IMPORT TARIFF: A CRITICAL ASSESSMENT (PART ONE)

On Wednesday 2nd of October 2013, the Federal Executive Council (FEC) in Abuja approved the Automotive Industry Development Plan for the development of the nation’s automotive industry. The Plan is …
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Articles, Automotive Industry Policy, New Import Tariff, News, Nigeria, Transport/Logistics / 3 Comments on THE AUTOMOTIVE INDUSTRY POLICY AND THE NEW IMPORT TARIFF: A CRITICAL ASSESSMENT (PART ONE)