Toyota Tsusho Corporation, the sole general trading company of Toyota Group, has invested in Grab in its current financing round and is expected to raise $2.5 billion. This investment was made through its Next Technology Fund and is the latest participant in Grab’s current financing round, led by SoftBank and
Month: August 2017
Uber Announces Plan To Quit Tracking Riders After Drop-Off
Nigerian Government plans national digital map
The Federal Government on Tuesday announced that it had commenced moves aimed at putting together a national digital map that would help curb insecurity across the country. The map would further help in improving the country’s economy as the recently inaugurated Economic Recovery and Growth Plan was largely dependent on the
Nigerian Government To Connect Sokoto, Kebbi, Zamfara Rail Lines
Nigeria, Minister for Transportation, Mr. Rotimi Amaechi, during a courtesy visit to Governor Aminu Tambuwal of Sokoto State on Tuesday, announced that the ministry would design the rail lines to connect Kebbi, Zamfara, and Sokoto in line with the mandate to have rail in all the state capitals. This is one of
Nigeria Road Safety Deploys 723 Officers, 22 Vehicles In Preparation for Eid-El-Kabir
Nigeria, Oyo State Command of The Federal Road Safety Commission (FRSC) has deployed 723 regular and Special Marshals have been to major routes within the state to ensure a hitch free Eid-el-Kabir celebration. Mrs. Cecilia Alao, Oyo State Sector Commander, who disclosed this on Tuesday in a statement, said that the
How a Danish startup is using math to cut airport wait times in half
(Business Insider) - Danish startup Copenhagen Optimization has become the go-to for making airports run more smoothly. Like they did at Geneva Airport in Switzerland, where the average waiting time was reduced by more than 50%. "It's all about numbers," says Anders Dohn, Managing Partner and co-founder at Copenhagen Optimization. "At the core, we have a
Nigeria Customs impounds 64 cars valued at N1.528bn in Lagos, Ogun
The Nigeria Customs Service, Federal Operations Unit (FOU), Zone A, have impounded a total of 64 brand new exotic cars allegedly smuggled into the country by criminals. These cars were seized within a space of three weeks in Lagos and Ogun State and are worth over N1.528,200 billion. About Three weeks ago
How Conveyor belt operators’ strike over unpaid 8 months salary grounded flights at Lagos airport
...Airport authority denies owning operators (Guardian) - Flights at the international wing of the Murtala Muhammed Airport, Lagos were disrupted yesterday for several hours following a strike action by operators of the belt conveyor to protest against alleged unpaid salaries. The workers, in the employ of OTIS Nigeria Limited, a private company engaged to
Commercial bus owners in Nigeria ask the government to check spate of armed robbery
(Sun) - The umbrella body of long distance bus owners and operators in Nigeria, Association of Luxury Bus Owners (ALBON) has implored the Federal Government to deploy measures that will stem the rising cases of armed robbery on various highways. The association, while reacting to the killing of the driver of a
Uber Gets Deal-Maker, Trump Agitator as CEO
Dara Khosrowshahi will take over as chief of ride-hail company Meg Whitman and Jeffrey Immelt were finalists for the job (Bloomberg) - Uber Technologies Inc. will appoint Expedia Inc.’s Dara Khosrowshahi to run the global ride-hailing Leviathan, two people familiar with the matter said. He’ll succeed co-founder Travis Kalanick, who led the