Mines minister Tom Alweendo has announced a countrywide fuel price increase next Wednesday. The minister said petrol will increase by 20 cents per litre and diesel by 19 cents per litre at all towns supplied from Ondangwa, which was declared a fuel town in April this year. He also said the
Industries
Harley-Davidsons Should “Never” Be Made Abroad – President of the USA
Harley Davidson Fat Bob President Donald Trump has said Harley-Davidsons should "never" be built abroad, as he attacked the firm's plans to move some production overseas to avoid European tariffs. Mr. Trump said the iconic bike brand's new Thailand plant marked a "surrender" and "the beginning of the end". Last week, the EU
U.S. June auto sales seen up 2.5 percent: J.D. Power and LMC
FILE PHOTO: New cars are shown for sale at a Chevrolet dealership in National City, California, U.S. on June 30, 2017. REUTERS/Mike Blake/File Photo U.S. auto sales in June likely rose 2.5 percent from the same month in 2017 as consumers continued to prefer expensive pickup trucks, SUVs and crossovers over
India’s plan to sell national airline to a private buyer for $12 billion risk flop
Egypt increases fuel prices, as part of austerity measures
Egypt announced Saturday steep increases in fuel and cooking gas prices as part of the country’s economic reforms and austerity measures designed to overhaul the country’s ailing economy. The new prices went into effect Saturday morning, the Ministry of Oil said in a statement. Prices for cooking gas increased from 60 to
FedEx calls U.S. tariffs on Chinese goods ‘counterproductive’
A package of the FedEx courier delivery services company is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration Global delivery company FedEx Corp said on Friday that U.S. tariffs on Chinese goods will raise prices for American businesses and consumers and are “counterproductive to U.S. economic interests,” according to a
Nigerians Buying Petrol at 41.3% Less of Actual Cost – Government
The actual price of Premium Motor Spirit, PMS, also known as petrol, climbed to N205 per litre, according to documents obtained from the Petroleum Products Pricing Regulatory Agency (PPPRA), Vanguard newspaper reported According to the documents from the PPPRA, the price of the commodity appreciated by 8.47 percent from N189 per
Peugeot’s Nigeria assembly plant Starts 2019
Peugeot 3008 SUV PSA Peugeot Citroen has revealed plans to start assembling cars in Nigeria by the first quarter of 2019 through a joint venture with the Chairman of the Dangote Group, Aliko Dangote, and five state governments. An adviser to the Governor of Kaduna, Jimi Lawal, told Reuters on Tuesday that
Shipowners lament inability to access $2bn CVFF
Lagos - Local operators in the shipping industry have decried the inability to assess the Cabotage Vessel Financing Fund, which they say must have risen to over $2bn. The CVFF is derived from two percent of the contracts awarded under the Cabotage regime. It was designed to enable indigenous shipping companies
Protests worldwide against US idea of auto import tariff
Beijing (AP) - China, Japan and the European Union condemned Thursday the Trump administration’s decision to launch an investigation into whether tariffs are needed on imports of vehicles and automotive parts into the United States. President Donald Trump invoked a provision authorizing the president to restrict imports and impose unlimited tariffs