Maritime sector anchors hopes on private investment, national policies for ship financing
Post AMUGE
August 27, 2024
Business a.m. Nigeria’s maritime industry stakeholders have raised their collective voice, urging policymakers and private sector players to implement stronger national policies and increased investments, particularly in the capital-intensive vessel construction and acquisition sector. The stakeholders issued a rallying cry for stronger national policies and increased private sector investments to tackle the industry’s financial challenges […]
Africa’s railways revival: $90bn Afrail Express, other projects create huge demand for engineering manpower
Post AMUGEJuly 29, 2024
Robust higher education response required Has lowest engineers per capita – UNESCO Nigeria not in Int’l Engineering Alliance Ben Eguzozie The scale of railway projects currently taking place in Africa is creating a huge demand for skilled engineering manpower and human resources at all levels of the rail sector across the continent. Sadly, the continent […]
Lekki Port seeks unified effort to unlock maritime industry’s untapped potential
Post AMUGEJune 24, 2024
Joy Agwunobi Laurence Smith, the chief operating officer of the Lekki Port, has issued a call to stakeholders across Nigeria’s maritime sector, urging a concerted and collaborative effort to unlock the industry’s vast potential. Speaking at the BusinessDay Maritime Conference 2024, Smith delivered a keynote address on “Nigerian Maritime: Unlocking Potential, Overcoming Challenges,” where he […]
FG suspends controversial Nigeria Air indefinitely over fraudulent activities
Post AMUGEMay 27, 2024
Festus Keyamo, the minister of aviation and aerospace development, said the Nigerian government has suspended indefinitely the Nigeria Air national carrier project, initially introduced by the Muhammadu Buhari administration. Keyamo, during a press briefing at the ministerial sectoral update in Abuja, condemned the project as fraudulent, adding to the existing criticism and uncertainty surrounding the […]
Nigeria’s maritime feels pains of $1trn losses on cabotage fund holdup
Post AMUGEMay 14, 2024
Onome Amuge Maritime stakeholders have voiced concerns over the substantial financial losses Nigeria is incurring due to the non-disbursement of the Cabotage Vessels Financing Fund (CVFF), estimated at a staggering $1 trillion annually. The stakeholders made this known during a meeting with Dayo Mobereola, the newly appointed director general of the Nigerian Maritime Administration and […]
Spiro, Africa’s largest EV player enters Nigeria, continent’s biggest economy
Post AMUGEApril 24, 2024
Business a.m. Reporter With more than 13,000 electric motorbikes already deployed, Spiro, Africa’s largest electric vehicle has made a landmark expansion into Nigeria, marking a pivotal period in the electric mobility landscape of Africa’s largest economy. The expansion will see Spiro in up to eight of Nigeria’s major towns, beginning with Abeokuta (in Ogun State), […]
FG releases list of transport companies,routes eligible for 50% transport subsidy
Post AMUGEDecember 21, 2023
Joy Agwunobi The Federal Government of Nigeria has published a list of routes and transportation companies that will be eligible for the 50 per cent transport subsidy announced by President Tinubu. The subsidy will be in effect from December 21, 2023 to January 4, 2024, and will apply to travelers using the government railway and […]
Toyota Nigeria, global partners launch new vehicle products
Post AMUGEDecember 12, 2023
Mike Ochonma L-R:Fadi Medlej, business territory director for Central East Europe,Turkey, Middle East and Africa at Axalta Coating Systems; Kunle Ade-Ojo, managing director, Toyota Nigeria Limited;Anand Ramachandra,business manager, Refinish Systems, Middle East & Sub-Sahara, Axalta Coating Systems; and Tamirat Yigzaw,sales excellence manager, CEMA Region, Mirka Limited, at the launch of vehicle enhancement products by TNL […]
Airbus, BMW launch global Quantum Computing quest for transport solutions
Post AMUGEDecember 11, 2023
Sade Williams/Business a.m. Airbus and BMW Group have launched a global Quantum Computing Challenge titled “The Quantum Mobility Quest” to tackle the most pressing challenges in aviation and automotive that have remained insurmountable for classical computers. This challenge is the first-of-its-kind and it brings together two global industry leaders to harness quantum technologies for real-world […]
Carloha woo customers with Chery showcase inside Novare Mall
Mike OchonmaDecember 8, 2023
Carloha, franchisees of Chery vehicles in Nigeria will be showcasing Chery range of vehicles at Novare Mall, Sangotedo, Ibeju-Lekki, Lagos. The display which is scheduled to hold from May 9 to 12, 2024 promises to be an unforgettable experience for all attendees. Company sources said that Carloha has meticulously planned the display to showcase the […]