Excerpts from the recent interview Punch had with the Chief Executive Officer of Transnational Haulage Limited, Mr. Akinola Ososanya. Being a major stakeholder, would you say the haulage sector has grown positively over the years? Well, it has improved in certain aspects like the use of technology to track the movement of trucks and the availability of mobile phones by […]
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The Lagos state government has unveiled a new taxi system which it says will put a stop to haphazard taxi operations that has contributed to insecurity of life and property in Nigeria’s biggest commercial city. Speaking at the inauguration of the new taxi regime in Ikeja, Lagos, Governor Babatunde Fashola, who said that the state’s taxi market is valued at […]
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Chief Cyprian Arinze is Chairman/Chief Executive, Eagle Haulage Nigeria Limited, a major hauler. He speaks on the pros and cons of the haulage business in a recent interview: Is haulage business regulated? Haulage business is supposed to be a regulated business in the sense that there are bodies responsible for this regulation. We have the Nigerian Shippers’ Council; we have […]
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Following persistent traffic gridlock in Apapa area which has spilled over into some parts of the state, the Lagos State Government, yesterday, issued a 48-hour ultimatum to tanker drivers parked within 300 meters of fuel depots in the state to relocate to safe parking lots pending the availability of petroleum products Hundreds of tankers had suddenly emerged on the Eko […]
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Transport workers of Dangote Group of Industries have made a passionate plea to the management to improve their working conditions to make life better for them. The drivers were reacting to a recent advertorial in some national daily newspapers where the management of Dangote Industries Limited offered to pay N500,000 as reward to anybody with useful information that could lead […]
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Naturally and for a long time now, Apapa traffic has always been a basket case. However, the experience within that axis in the past few weeks could best be described as ‘hell on earth’. The protracted traffic gridlock especially around the port area has been somewhat of a nightmare- a nightmare that has taken extreme toll on all relevant stakeholders […]
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TRADITIONAL REASONS FOR HIGH DIESEL PRICE Traditionally, upward swing in diesel price is usually due in part to the rising price of crude oil in the international market, age-long failure of local refineries to meet production target and lack of clear cut policy by the Federal Government on the deregulation of the downstream sector. Chief among these reasons has always […]
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WHEN the price of crude oil started crashing in August last year, expectations were high that domestic pump prices of refined petroleum products would also decline, giving businesses and individuals a much-needed relief. The price of crude oil, which constitutes a major component in the pricing template, had plunged by about 60 per cent since June 2014 when it peaked […]
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