The Chairman of Toyota Nigeria Limited (TNL), Chief Michael Ade- Ojo, has said the current economic recession demands structural adjustment for individuals and corporate bodies to pull through the difficult moments. Expressing optimism that the current difficult moments would not last, he called for caution during times of abundance in order to be able to adjust to any economic shock. […]
Continue reading »
The Minister of Power Works and Housing, Mr. Babatunde Fashola, has highlighted the specific steps being taken in the infrastructure sectors to reenergize the economy, saying the measures were meant to correct the mistakes of yesterday and move the country from economic stagnation. Fashola, who spoke at the Wilson Centre in Washington DC, USA, while presenting a paper on “Leadership […]
Continue reading »
As part of efforts to boost revenue, the federal government has been advised to concession major highways and railway lines in the country to both local and foreign private sector investors. Analysts at FSDH Merchant Bank Limited gave the advice in their latest monthly economic report. They also stressed the need for the federal government to involve the private sector […]
Continue reading »
Danish oil and shipping conglomerate A.P. Moller-Maersk said on Thursday it would split the the group into separate businesses for transport and energy as it faces headwinds in both sectors. “The industries in which we are operating are very different, and both face very different underlying fundamentals and competitive environments,” chairman Michael Pram Rasmussen said in a statement.
Continue reading »
The current economic downturn being witnessed in Nigeria and the rising inflation figure is taking another dimension in the road transport sector, as players said their operations cost increased to a record high of more than 80 per cent in recent time. The players, under the aegis of Association of Private Transport Company Owners of Nigeria (APTCON), said in Lagos […]
Continue reading »Another domestic carrier, First Nation Airlines, has suspended its operations, the Nigerian Civil Aviation Authority has said. This is coming in less than 24 hours after Aero Contractors Airlines, Nigeria’s second largest commercial carrier, announced an indefinite suspension of its scheduled flight services and its staff with effect from Thursday, September 1, 2016.
Continue reading »