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Airlines’ Fortunes Soar in Nigeria

A  new wave of confidence has animated the air travel sector with erstwhile struggling airlines now acquiring state-of-the-art airplanes to replace leased equipment. With lending rate as low as 10 per cent on liquidity inflow to the sector, local airlines are now buying aircraft like Embraer 145, Bombardier CRJ900 and even

How Electric Scooters Are Reshaping Cities

The scene in Santa Monica, where scooter-mania began.   One of the biggest stories in technology this year is the exploding popularity of Bird, Lime, Skip, Spin and Scoot. They’re all electric scooter-rental services, and their vehicles are suddenly buzzing along city streets and sidewalks around the world. These startups allow riders to

Electric Mercedes opens German assault on Tesla

FILE PHOTO: A Tesla Model S electric car is seen at its dealership in Seoul, South Korea July 6, 2017. REUTERS/Kim Hong-Ji/File Photo   Mercedes-Benz is set to unveil its much-anticipated electric SUV on Tuesday, marking the start of a German onslaught against Tesla’s dominance of the fast-growing market for premium battery cars. Daimler-owned Mercedes,

4059 Vehicles in Nigeria Involved in Road Crashes in Q2

Latest report from the National Bureau of Statistics (NBS), has revealed that 4,059 vehicles were involved in road crashes in the second quarter (Q2), of the year. In the road transport data released on Tuesday, commercial vehicles represented the highest number of crashes with 2,447 representing 60.29 per cent, followed by

Road Crashes Killed 12,797 Nigerians in 30 Months

An average of 427 Nigerians die monthly in road traffic accidents. This brings to a total of 12,797 Nigerians killed in road traffic crashes in 30 months. According to the latest report released by the National Bureau of Statistics (NBS) in 2016, a total of 5,053 Nigerians died in road accidents while

Toyota will invest $500 million in Uber

  Their combined self-driving effort will debut in 2021. Toyota plans to invest around $500 million in Uber, the Wall Street Journal reports, as the two enter an agreement to work together on driverless technologies. The publication cites sources familiar with the matter and the investment would value Uber at $72 billion. Reports surfaced