Transport Archives — Page 40 of 49

February 15, 2017 No Responses

Peugeot to aquire GM’s Vauxhall, Opel business

France’s PSA Group, maker of Peugeot and Citroen cars, is in talks about taking over General Motors’ (GM) loss-making European business Opel. PSA, which already works with GM in Europe on several projects, said a takeover was among “numerous strategic...

February 15, 2017 No Responses

Arik suspends flights to London, Johannesburg

The management of Arik Air has suspended its international flight operations to the London and Johannesburg routes. The spokesman of the Asset Management Company of Nigeria, AMCON, Jude Nwauzor, made the announcement in a statement issuedon Tuesday in Lagos. T...

February 15, 2017 No Responses

Labour: Increase in BRT, LAGBUS fares is insensitive

Lagos State council of Trade Union Congress of Nigeria (TUC) has condemned increase in the transport fares of BRT and LAGBUS buses. In a statement on Tuesday, TUC described the increase announced by the Managing Director of Lagos Metropolitan...

February 15, 2017 No Responses

CMA CGM, Alibaba seal MOU on Digital Cooperation

French container shipping major CMA CGM and Chinese e-commerce company Alibaba have signed a memorandum of understanding (MOU) in Hangzhou, China, to seek cooperation in the digital area. The duo intends to provide digitized services via the One Touch platform...

February 11, 2017 No Responses

Ford to invest $1b in artificial intelligence startup

– By Michael Martinez, Auto News – Ford Motor Company is investing $1 billion over the next five years in artificial intelligence startup Argo AI to help build the brains of its robot cars. The Pittsburgh company, founded last year,...

February 10, 2017 No Responses

Arik Air to challenge FG takeover in court

The management of Arik Air on Thursday said it would challenge the taking over of the airline by the Assets Management Company of Nigeria (AMCON) in court. Ado Sanusi, Senior Vice President, Arik Air made the disclosure at a joint...

February 10, 2017 No Responses

CMA CGM gets new CEO

(WMN)-Rodolphe Saadé has been appointed as the new Chief Executive Officer of the French shipping company CMA CGM Group, taking over the reins from his father Mr. Jacques Saadé. Jacques Saadé remains Chairman of the Board of Directors, the company informe...

February 8, 2017 No Responses

Meridiana introduces late evening flights for Nigeria, Ghana

Meridiana Fly, Italy’s fastest growing airline has reaffirmed its commitment to the Nigerian and Ghanaian markets by confirming both routes in summer schedule for 2017. Supported by Ghana’s firm -Dre Aviation and Dana Air, Meridiana Fly entered into the ...

February 8, 2017 No Responses

Nigeria Railway boss explains increase in Abuja-Kaduna fare

The Managing Director, Nigerian Railway Corporation (NRC), Fidet Okhiria, has explained that the increase in fare of Abuja-Kaduna rail line was to meet up with the part cost of the rail operations. Mr. Okhiria told the News Agency of Nigeria...

February 4, 2017 No Responses

Subaru fortifies Legacy for 2018

(Auto News) The Subaru Legacy, one of just three non-luxury midsize sedans to post a gain in U.S. sales last year, is getting a midcycle freshening for the 2018 model year. The 2018 Legacy features slight new styling touches to...

February 1, 2017 No Responses

FG secures $1.5b loan for Lagos-Ibadan rail project

The Federal Government has secured $1.5 billion from the China Exim Bank to begin work on the Lagos-Ibadan rail line project. Briefing the Senate Committee on Land Transport, chaired by Gbenga Ashafa, Minister of Transport, Rotimi Amaechi explained that the...

January 31, 2017 No Responses

Weststar Associates reinterates commitment to quality after-sales support

Weststars Associates Limited, representative of Mercedes-Benz in Nigeria on Mondayreiterated its commitment to sustain quality after-sales support. Conducting Mr Moses Ebosele, Publisher of CityBusinessNews online (www.citybusinessnews.com) round the compa...

January 30, 2017 No Responses

Bank approves N408b for Lagos-Ibadan rail project

Barely one week after the Federal Government announced the release of N72billion as its counterpart fund for the construction of the Lagos-Ibadan standard gauge rail line, the Export-Import Bank of China has approved $1.275bn (about N408bn) loan for the pr...

January 29, 2017 No Responses

Dana Air unveils low fares for Valentine

Dana Air has launched a valentine campaign to afford guests of the airline the opportunity to fly for less when they book a return ticket on any of the airlines’ route network. According to Dana Air’s Communications Manager, Kingsley Ezenwa,...