Nigeria’s maritime feels pains of $1trn losses on cabotage fund holdup

NIMASA opens e-platform for maritime labour registration, data collection

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

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), […]

Toyota Nigeria, global partners launch new vehicle products

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

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 […]