File: A tanker discharging Automotive Gas Oil at a filling station in Lagos, Nigeria Fuel marketers in Nigeria have increased the price of Automotive Gas Oil, also known as diesel, to N320 per litre as the further rise in global oil prices and naira depreciation pushed up the cost of importing
Industries
WACT Lifts Onne Port in Port Harcourt with $10m Facility Upgrade
Onne Port, Port Harcourt, Nigeria The West Africa Container Terminal (WACT) has launched two new Mobile Harbour Cranes (MHCs) worth $10 million (N3.6billion) for the discharge of cargoes at the terminal. This followed the increased vessel traffic experienced at eastern ports due to the recent diversion of cargoes because of the traffic
Air traffic at Amsterdam still disrupted after fuel outage
AMSTERDAM, (Reuters) - Air traffic at Amsterdam Schiphol airport was still disrupted on Thursday after an outage at its main fuel supplier left thousands of passengers stranded at the airport the day before. Dutch Air France subsidiary KLM, the main airline at Schiphol, said it had cancelled 61 flights to and
Toyota Motor aims to boost sales in China by 8 percent this year
Ghana in Talks With Volkswagen Over Plans to Assemble Vehicles
Talks are part of Germany’s agenda to strengthen development EU leaders seek to stem arrival of migrants from Africa Ghana President Nana Akufo-Addo said the country is in talks with Volkswagen AG over plans to assemble vehicles as part of Germany’s foreign policy agenda to strengthen development in Africa and
Reprieve as Kenyan Parliament Suspends 16% VAT on Fuel
Nairobi - Parliament on Wednesday afternoon voted to suspend by two more years the introduction of 16% tax on petroleum products that was to come into effect on Saturday September 1, 2018. The move effectively shielded poor household from a spike in the cost of living. The mover of the motion Minority
South Africa’s Fuel Price Meeting Blames Petrol Cost Hikes on Exchange Rates, Venezuela Instability
Cape Town - Energy Minister Jeff Radebe has presented several reasons why South Africans have to pay more at the pumps during an Energy Portfolio Committee meeting. The session comes a week after it was scheduled to be held, the delay blamed on "miscommunication" by an official who faces disciplinary
Ryanair cancels 24 flights due to strike by Irish pilots
Boeing strikes aircraft deal with Brazil’s Embraer
The two aircraft makers have been discussing for months a transaction in which a new company. Boeing has agreed on a deal that will give it control of Embraer's commercial jet business. The proposed joint venture will give the US aerospace giant a significant stake in the market for smaller passenger planes. Boeing
GM warns U.S. import tariffs could lead to ‘smaller’ company, fewer jobs
General Motors Co warned on Friday that expansive U.S. tariffs on imported vehicles being considered by the Trump administration could lead to “a smaller GM” with fewer jobs while isolating U.S. businesses from the global market. The Trump administration in May launched an investigation into whether imported vehicles posed a national