Local non-oil exporters may have started feeling the heat of the trade war between global economic leaders. Although projections from international trade bodies showed that average tariffs on exports from Nigeria and Zambia might not go beyond 10 percent under the ordeal, the affected businesses are already decrying slow demand
Month: August 2018
Foreign Airlines Increase Frequency to Nigeria
Records of passenger traffic on inbound and outbound flights have indicated that foreign airlines are increasing frequencies into Nigeria as a result of an uptick in economic activities. In a recent data released by African Aviation Services Limited, foreign airlines operate over 300 frequencies weekly into and out of Nigeria. This showed
Shipping Companies Abandon Vessels Without Restraint in Nigeria
Nigeria's waters have become a dumping ground for shipwrecks and the people living on the coastline say the unserviceable vessels abandoned by local and international shipping companies are making their lives hard. The main port of Lagos and Port Harcourt in the Niger Delta see the highest concentration of shipping traffic
Freight Levy Review Lifts Nigeria’s Cargo Volume by 31.2%
The Director General of the Nigerian Maritime Administration and Safety Agency NIMASA (NIMASA), Dr. Dakuku Peterside has stated the inward cargo throughput of Nigeria’s seaports recorded a 31.24 percent increase between January-June 2018, following the decision of the agency to carry out a downward review of its three percent freight
VW to launch all-electric car sharing in Berlin
FILE - In this Jan 13, 2014 file photo the Volkswagen e-Golf fully electric vehicle is presented at the North American International Auto Show in Detroit, Michigan. Volkswagen said Thursday, Aug. 23, 2018 it is planning a new e-car-sharing project and will invest in car connectivity. (AP Photo/Tony Ding, file) Volkswagen
Panalpina warns of potential ground-handling gridlock during peak
While most of the focus in previous peak air cargo seasons was based on finding enough capacity before the busy end-of-year shopping spree, Panalpina said there is another threat lurking this fall at overcrowded cargo-hub airports. After reporting the handling of just under 1 million tonnes of airfreight in 2017, a
Clock Is Ticking for FedEx’s Board as Founder Nears Age Limit
Delivery trucks sit parked at the FedEx Corp. Ground distribution center in Jersey City, New Jersey, U.S., on Tuesday, Aug. 7, 2018. FedEx is heading into fiscal 2019 running on all cylinders, with revenue growth and margin expansion expected across all three of its segments. FedEx Corp. will lose a board
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
Nissan to boost China production capacity by 40 percent, source says
Volkswagen to recall 700,000 cars over roof lighting: trade magazine
Volkswagen has to recall about 700,000 Tiguan and Touran cars worldwide due to a possible lighting defect, German trade magazine Kfz-Betrieb reported on Monday. The magazine reported that humidity can cause a short circuit at the panoramic roof’s light strip of the affected cars. A short circuit in the LED-module could cause