Transport Archives — Page 43 of 49

November 9, 2016 No Responses

Rail track concession: Deliberate undervaluation, lack of due process

By Segun Esan and Romanus Emezie – On August 12, 2016, the Vice President of Federal Republic of Nigeria announced that the Bureau of Public Enterprises (BPE), in collaboration with Infrastructure Concession Regulatory Commission (ICRC), established the Project Steering Committee...

November 7, 2016 No Responses

Rail conveys 2,330 cattle to Lagos in two months

Between September and October 2016, the Nigerian Railway Corporation (NRC) transported 2,330 cattle from the North to Lagos. Lagos District Manager, Jerry Oche made this known in an interview with the News Agency of Nigeria (NAN) in Lagos. He...

November 7, 2016 No Responses

Poetsch, VW Chairman under investigations

Car giant Volkswagen says German prosecutors have expanded their probe of the emissions scandal to include the firm’s chairman of the board. Hans Dieter Poetsch was chief financial officer when the scandal over cars rigged to cheat on US diesel...

November 5, 2016 No Responses

BMW explains increase in third-quarter profit

(Bloomberg/Reuters)- BMW Group’s third-quarter profit rose 1.1 percent as demand for its SUVs propelled sales in Europe and China, offsetting a slump in the U.S. Earnings before interest and taxes climbed to 2.38 billion euros ($2.64 billion) from 2....

November 5, 2016 No Responses

Dana Air named official airline for 2016 legislative summit

Dana Air has been announced as official airline of the House Representatives 2016 Legislative Summit on Sustainable Development Goals, scheduled to hold on the 22nd and 23rd of November 2016, at the National Assembly Complex, Abuja. This year’s summi...

November 5, 2016 No Responses

Vegetable Season: CMA CGM upgrades six services from Morocco to Russia, Europe, Middle East

CMA CGM has announced the deployment of its upgraded transportation offer to Morocco for the export of citrus fruits and vegetables. Under the arrangement, six maritime services will provide Moroccan producers unparalleled export solutions with ten weekly ca...

November 1, 2016 No Responses

Arik Air lifts 19.5m passengers in 10 years

Despite various challenges, Arik Air has in the ten years of its operations flown over 19.5 million passengers. Managing Director, Chris Ndulue, explained on Monday that the Airline has grappled with a myriad of challenges in one decade of...

November 1, 2016 No Responses

FG to adopt new ship finance model

Minister of Transport, Rotimi Amaechi has pledged the commitment of the Federal Government to adopt resolutions reached at the proposed Nigeria Ship Finance Conference. Speaking at a pre-event dinner in Lagos, Amaechi said: “I assure you that whatever dec...

October 29, 2016 No Responses

Hyundai, Kia in $41.2m settlement with states

(Auto News)-Hyundai Motor Company and Kia Motors Corporation have opted for a $41.2 million settlement with attorneys general from 33 states and the District of Columbia. The development will close the remaining investigations into the automakers’ overs...

October 27, 2016 No Responses

Mercedes plans two powerful E-class variants

(Auto News) Mercedes-Benz’s latest E-class sedans went on sale in June and now the automaker has shed light on the high-performance variants. The high-end E63 S is powered by a 4.0-liter V-8 biturbo engine that produces 603 hp and 627...

October 22, 2016 No Responses

Mitsubishi joins Renault-Nissan alliance

(Auto News) Carlos Ghosn has officially folded troubled Mitsubishi Motors into the Renault-Nissan alliance and appointed himself chairman, forecasting nearly half a billion dollars in savings as soon as next year as the group joins a small club of automakers.....

October 20, 2016 No Responses

FG approves transaction adviser on rail concessioning

The Federal Executive Council (FEC) on Wednesday approved the appointment of transaction advisers to negotiate with General Electric (GE) on railline concessioning. Speaking at the end of the meeting presided over by President Muhammadu Buhari, Minister ...

October 16, 2016 No Responses

Nigeria pledges to effectively implement IOPC Fund

The Federal Government of Nigeria has expressed its commitment to the implementation of the 1992 International Civil Liability Convention and the 1992 International Oil Pollution Compensation (IOPC) Fund. The Director General of the Nigerian Maritime Adminis...

October 15, 2016 No Responses

Honda recalls 350,000 Civics

(Auto News) American Honda is recalling approximately 350,000 Civic coupe and sedans in the U.S. from the 2016 model year to fix an issue with the vehicles’ electronic parking brake. The automaker, in a statement, said software that controls the...