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
Author: Tola Ojobo
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
Vespa’s first electric scooter goes on sale in Europe this October
A Vespa Elettrica The Vespa Elettrica will hit the US and Asia in early 2019. Vespa's electric scooter has long been slated to start shipping this year, and now the timeline is a little clearer on when you might be able to get your hands on a Vespa Elettrica. Production will start next month, and Vespa
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
Nissan to boost China production capacity by 40 percent, source says
Ford recalls 3,968 cars over clutch pressure plate issue: regulator
Lagos, French Multinational Sign MoU to Complete Light Rail Project
After a technical review of its light rail (blue line) project, the Lagos State Government yesterday disclosed that it had signed a memorandum of understanding (MoU) with a French multinational, Alstom SA to complete the rail project. The state government, thus, said the passenger operation of the first phase (Marina to