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Red Star Express Records N7.3b Turnover, Declares Dividend

One of Nigeria’s leading logistics company, Red Star Express Plc, has posted a turnover of N7.3billion in the year under review which is ten percent (10%) higher than the preceding year. The profit before tax increased from N572million to N653million, while profit after tax also increased from N334.4million to N426.8million.   The

25 ships discharge petroleum and other products in Lagos

In its latest “Shipping Position’’ released on Friday in Lagos the Nigerian Ports Authority (NPA) stated  that twenty-five ships are discharging petroleum products and other commodities at Apapa and Tin-Can Island ports in Lagos. The NPA said that the vessels were discharging buck wheat, general cargo, petrol, containers, bulk maize, empty container,

Ask Larry

Ask Larry email:, _____________________________________________________________ Hi everyone, it’s another Tuesday and we have three issues to deal with. We welcome reactions to the questions and answers from readers.   Hi Larry, What are the areas should we focus more in order to improve warehouse transportation?        [Joy, Ikeja Lagos] Larry:                     A warehouse is distribution center or storage

Lagos bans meat transportation on motorbikes, air cool vans

LAGOS, NIGERIA -  The state government has banned the use of motorbikes popularly known as ‘Okada’ and ‘Air Cool Vans’ for transportation of meat and meat products in all abattoirs and slaughter slabs across the State in order to ensure a well-structured meat transporting system which befits the status of a mega city. Use of motorcycles for commercial transportation

FedEx to Skip Holiday Surcharges for Most Orders

...Rival UPS has said it would add peak-period fees around Christmas and Black Friday   Memphis, U.S.A - FedEx Corp. said it won’t charge additional fees for most orders during the holiday season, in contrast with United Parcel Service Inc., undercutting its main rival as they battle for e-commerce customers. The decision by