Nigeria’s maritime feels pains of $1trn losses on cabotage fund holdup
Post AMUGE
May 14, 2024
Onome Amuge Maritime stakeholders have voiced concerns over the substantial financial losses Nigeria is incurring due to the non-disbursement of the Cabotage Vessels Financing Fund (CVFF), estimated at a staggering $1 trillion annually. The stakeholders made this known during a meeting with Dayo Mobereola, the newly appointed director general of the Nigerian Maritime Administration and […]
Spiro, Africa’s largest EV player enters Nigeria, continent’s biggest economy
Post AMUGEApril 24, 2024
Business a.m. Reporter With more than 13,000 electric motorbikes already deployed, Spiro, Africa’s largest electric vehicle has made a landmark expansion into Nigeria, marking a pivotal period in the electric mobility landscape of Africa’s largest economy. The expansion will see Spiro in up to eight of Nigeria’s major towns, beginning with Abeokuta (in Ogun State), […]
FG releases list of transport companies,routes eligible for 50% transport subsidy
Post AMUGEDecember 21, 2023
Joy Agwunobi The Federal Government of Nigeria has published a list of routes and transportation companies that will be eligible for the 50 per cent transport subsidy announced by President Tinubu. The subsidy will be in effect from December 21, 2023 to January 4, 2024, and will apply to travelers using the government railway and […]
Toyota Nigeria, global partners launch new vehicle products
Post AMUGEDecember 12, 2023
Mike Ochonma L-R:Fadi Medlej, business territory director for Central East Europe,Turkey, Middle East and Africa at Axalta Coating Systems; Kunle Ade-Ojo, managing director, Toyota Nigeria Limited;Anand Ramachandra,business manager, Refinish Systems, Middle East & Sub-Sahara, Axalta Coating Systems; and Tamirat Yigzaw,sales excellence manager, CEMA Region, Mirka Limited, at the launch of vehicle enhancement products by TNL […]
Airbus, BMW launch global Quantum Computing quest for transport solutions
Post AMUGEDecember 11, 2023
Sade Williams/Business a.m. Airbus and BMW Group have launched a global Quantum Computing Challenge titled “The Quantum Mobility Quest” to tackle the most pressing challenges in aviation and automotive that have remained insurmountable for classical computers. This challenge is the first-of-its-kind and it brings together two global industry leaders to harness quantum technologies for real-world […]
Carloha woo customers with Chery showcase inside Novare Mall
Mike OchonmaDecember 8, 2023
Carloha, franchisees of Chery vehicles in Nigeria will be showcasing Chery range of vehicles at Novare Mall, Sangotedo, Ibeju-Lekki, Lagos. The display which is scheduled to hold from May 9 to 12, 2024 promises to be an unforgettable experience for all attendees. Company sources said that Carloha has meticulously planned the display to showcase the […]
Coscharis Motors exciting automotive range storms WAAS 2024
Mike OchonmaDecember 8, 2023
Coscharis Motors Plc., a leading name in the automotive industry and the trusted representative of major international automobile brands in Nigeria, will be showcasing its product range in the highly anticipated West Africa Automotive Show (WAAS), scheduled to hold at the Landmark Event Center in Lagos from May 14- 16, 2024. As one of the […]
LCCI holds symposium on Nigeria’s fledging automotive industry
Mike OchomaNovember 27, 2023
Mike Ochonma All is now set for this year’s symposium organized by the Auto & Allied sub-Sectoral Group of the Lagos Chamber of Commerce and Industry (LCCI). The symposium slated to hold on November 30, 2023 with the Theme; The Auto & Allied Sector, Present-Day Realities In Nigeria, inside the LCCI Commerce House, Victoria Island, […]
NADDC, local assemblers chart course on Nigeria auto industry
Mke OchonmaNovember 23, 2023
….minister calls.on stakeholders to think global Mke Ochonma In line with the mandate of the National Automotive Design and Development Council NADDC, to reposition and strengthen the local automotive industry as one of the leading auto manufacturing nations of the world, the NADDC and major auto makers met this week at Radisson Blu Hotel Ikeja […]
Railway staff loses job over ticket racketeering
Mike OchomaNovember 23, 2023
Mike Ochoma Authorities of the Nigeria Railway Corporation (NRC) says it has fired and punished a number of staff involved in ticket racketeering. Fidet Okhiria, managing director of the NRC, stated this on Wednesday during an interactive session organized by the House of Representatives Committee on Finance on the 2024-2026 Medium-Term Expenditure Framework and Fiscal […]