Toyota Explains $293m Stake In Uber

Toyota Explains $293m Stake In Uber

Toyota Motor Corp holds a $293 million stake in Uber Technologies, as it partners with the ride-hailing company to further expand into new mobility services, Toyota’s latest corporate governance report has revealed.The Japanese automaker has also unloaded shares in some of its...
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Nigeria Targets N163.32b, Over 22,000 Jobs From 35,000 Highways

Nigeria Targets N163.32b, Over 22,000 Jobs From 35,000 Highways

The Federal Government has presented a Highway Development and Management Initiative (HDMI) designed to harness investment opportunities on the 35,000 federal highways. The Minister of Works, Mr Babatunde Fashola,  made the presentation at a Joint Interac...
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‘Thunderous Lightning’ kills Three FRSC Officials In Ogun

‘Thunderous Lightning’ kills Three FRSC Officials In Ogun

Three officials of the Federal Road Safety Corps (FRSC) died mysteriously after a flash of thunder lightning occurred in their office at the early hours of Wednesday in Ilese area of Ijebu-Ode in Ogun State. The News Agency of Nigeria...
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NRC Explains Standard Operation Procedures For Apapa Freight Shuttle

NRC Explains Standard Operation Procedures For Apapa Freight Shuttle

The Nigerian Railway Corporation (NRC) is to sustain Standard Operation Procedures (SOPs) for the Apapa container shuttle. The Lagos Railway District Manager, Mr Jerry Oche, explained on Saturday in an interview with the News Agency of Nigeria (NAN) that with....
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Shippers’ Council, Stakeholders Harp On Sustained Cargo Evacuation From Seaports By Rail

Shippers’ Council, Stakeholders Harp On Sustained Cargo Evacuation From Seaports By Rail

The Nigerian Shippers’ Council (NSC) is to supervise Standard Operating Procedure (SOP) of cargo evacuation between the Nigerian Railway Corporation (NRC) and the APM Terminal. Speaking on Monday at the resumed evacuation of cargoes by rail in Lagos, Mrs Ife...
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Rivers Inaugurates Free Bus Scheme

Rivers Inaugurates Free Bus Scheme

The Rivers Government has inaugurated a COVID-19 Free Bus Scheme to cushion the effect of the pandemic on residents and visitors to the state. The scheme was inaugurated on Monday in Port Harcourt by the Commissioner for Transport, Mr Sunny...
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NRC Working Out Guidelines To Contain Covid-19 Spread

NRC Working Out Guidelines To Contain Covid-19 Spread

The Nigerian Railway Corporation (NRC)  is working  out new guidelines of operations  to help to contain the spread of Novel Coronavirus (COVID-19 ). The Director  of Operations of NRC, Mr Niyi Alli,  made the disclosure  in an interview with...
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Ayade Suspends Activities Of Cross River Transport Agency

Ayade Suspends Activities Of Cross River Transport Agency

Governor  Ben Ayade has suspended activities of the Cross River Commercial Transport Regulatory Agency (CRCTRA) for faillure to obey the state’s Tax Exemption Law. The Tax Exemption Law is designed  for the low income earners and small scale busine...
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Interstate Movement: FRSC Turns Back 1,292 Vehicles

Interstate Movement: FRSC Turns Back 1,292 Vehicles

The Federal Road Safety Corps (FRSC), turned back 1,292 vehicles from Ogun and Lagos States’ boundaries in the last two weeks, while enforcing the Federal Government’s restrictions on interstate movements. Mr Samuel Obayemi, FRSC Zonal Commanding Officer i...
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FRSC Impounds 40 Overloaded Vehicles

FRSC Impounds 40 Overloaded Vehicles

The Federal Road Safety Corps (FRSC) Lagos Sector Command on Thursday said that it arrested 40 overloaded vehicles in the first week of COVID-19 Lockdown relaxation in the state. The Lagos State Sector Commander of FRSC, Mr Hyginus Omeje disclosed...
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NRC Makes Wearing Of Face Masks Mandatory

NRC Makes Wearing Of Face Masks Mandatory

The Nigerian Railway Corporation (NRC) has flagged off sensitisation and awareness campaign against COVID-19 among its staff and those residing in railway compound in Lagos. The NRC Managing Director, Mr Fidet Okhiria, performed the ceremony, according to a st...
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Luxury Bus Owners Lament N12b Loss, Seeks Support, Palliatives

Luxury Bus Owners Lament N12b Loss, Seeks Support, Palliatives

Association of Luxury Bus Owners of Nigeria (ALBON),on Tuesday, urged the Federal Government to help faciloitate loan facilities and other palliatives for its members.  According to the Association, the loan facilities and palliatives will assist members ...
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Uber Loses $2.9b In Q1

Uber Loses $2.9b In Q1

For the first quarter of 2020,  Uber lost $2.9 billion as its overseas investments were impacted by the coronavirus pandemic.  Meanwhile, the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain.T...
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Lagos Clamps Down On Illegal Barge Operators

Lagos Clamps Down On Illegal Barge Operators

The Lagos State Waterways Authority (LASWA) has clamped down on illegal barge operators along the Mile 2 area of the state waterways. The General Manager of LASWA, Mr Oluwadamilola Emmanuel, made this known on Wednesday in a statement in Lagos....
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