Transport

Bond investors give Tesla a $1.8 billion endorsement

Bond investors on Friday gave a $1.8 billion boost to Tesla Inc’s balance sheet by snapping up the electric car maker’s first foray into the U.S. junk bond market, where yield-hungry investors have raced to lock in relatively higher returns.

Fed govt fires managers of Abuja-Kaduna rail over extortion

The Federal Government, Friday, sacked the Manager of Idu and Rigasa train station including all the ticket sellers and porters involved in extorting money from passengers.

National carrier will grow Nigeria’s economy – Amaechi

Rotimi Amaechi, minister of transportation, says the establishment of a national carrier will grow Nigeria’s economy.

Minister orders sack of rail workers over ticket racketeering

The Minister of Transportation, Mr Rotimi Amaechi, has directed that the station managers, porters, and ticket officials at Idu and Rigasa rail stations be removed for alleged ticket racketeering at the stations.

US company offers to fund renewed search for MH370

Relatives of passengers aboard missing flight MH370 have demanded Malaysia accept a US exploration firm's offer to take up the hunt for the aircraft, which was suspended earlier this year.

NPA chief emerges VP of Int’l Association of Ports and Harbors

Hadiza Bala Usman, managing director of the Nigerian Ports Authority (NPA), has emerged vice-president (Africa Region) of the International Association of Ports and Harbors (IAPH).

Services across states through rail to start soon – Amaechi

The Minister of Transportation, Mr Rotimi Amaechi, says the Federal Government will soon ensure that all the states are connected to rail services very soon to enhance commercial activities.

Local contractors excluded from $20bn rail projects

The Federal Government is breaching its own local content policy in the construction of over $20 billion rail tracks across the country, as indigenous firms are being excluded from the execution of the projects.

No explosion at Lagos airport – FAAN

The Federal Airports Authority of Nigeria (FAAN) has declared that there was no explosion at the Hajj /Cargo axis of the Murtala Muhammed International Airport, Ikeja, Lagos.

Med-View Airline grows half-year profit to N857m

Med-View Airline Plc has reported a growth of 27 per cent in profit after tax (PAT) to N857 million for the half year ended June 30, 2017, compared with N672 million in the corresponding period of 2016.

Abuja-Kaduna rail line generating N1 million daily – Amaechi

The Abuja to Kaduna rail line now generates N1 million daily, the Minister of Transportation, Rotimi Amaechi, disclosed.

Itakpe-Ajaokuta-Warri rail line to start operation in June 2018 – minister

The Minister of Transportation, Rotimi Amaechi, on Monday said the Itakpe-Ajaokuta-Warri standard gauge rail lines would start commercial operation in June 2018.

Arik Air gets fresh international certification

Arik Air has become the latest African airline to be listed on the International Air Transport Association (IATA) ground operations manual (IGOM) registry.

27 ships laden with petroleum products, food items expected in Lagos

A total 27 ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island Ports in Lagos from Aug. 7 to Aug. 21.

Air Peace to begin Akure flights on Aug. 11

A Nigerian carrier, Air Peace, will on Aug. 11 begin scheduled commercial flight operations to the Akure Airport in Ondo.

Osoba faults Senate’s allegation on missing ships against NPA

The former Governor of Ogun State, Chief Segun Osoba, has disclosed that some entrenched interests are behind the allegations that 282 vessels got missing under the watch of the Nigerian Ports Authority (NPA) between 2010 and 2016 by the Senate Committee on Customs, Excise and Tariff.

NAAPE threatens strike over Aero’s non-payment of ex-workers

The National Association of Aircraft Pilots and Engineers (NAAPE) has threatened to embark on nationwide strike over the non-payment of redundancy benefits to workers that were laid off from Aero Contractors.

Arik faces maintenance challenges over paucity of funds

Nigeria’s biggest carrier, Arik Air, is facing maintenance and safety challenges as it has failed to ferry its aircraft that are due for various categories of checks overseas for maintenance.

Recent Stories

The Nigerian Financial Intelligence Unit (NFIU) has disclaimed reports that it requested the bank account details of officers of the national assembly and the judiciary.

PSC charges security agencies to investigate leakage of NFIU letter to banks

The Presidential Support Committee (PSC) yesterday charged security agencies in the country to leave no stone unturned in investigating how a letter by the Nigerian Financial Intelligence Unit (NFIU) to commercial banks requesting the account details of principal government officers was leaked.

ANCOPSS hails FCT minister for promoting school principals

The All Nigeria Conference of Principal of Secondary Schools (ANCOPSS), has commended the minister of the Federal Capital Territory (FCT) Malam Muhammad Musa Bello for approving the promotion of some school principals to directorate cadre.

Thabo Mbeki: US, UK asked South Africa for help to oust Robert Mugabe

Former president of South Africa, Thabo Mbeki, has said that the United Kingdom and the United States of America, had sought the help of his country to remove the late President Robert Mugabe of Zimbabwe from office.

PDP chieftain charges members to be committed

Chairman of Peoples’ Democratic Party (PDP) ethnic community in Kuje area council, Hon. Yusuf Dabo, has called on members of the party to be prepared to erect political structures that would offer them the opportunity to occupy decision making position.
Kayode Fayemi

Ekiti farmers want financial support from governor

Some farmers in Ekiti North Senatorial District on Wednesday appealed to the state Governor, Dr Kayode Fayemi, ‎to provide loans for them to enhance their agricultural production.