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Business Wheels

Nigeria Railway boss explains increase in Abuja-Kaduna fare

The Managing Director, Nigerian Railway Corporation (NRC), Fidet Okhiria, has explained that the increase in fare of Abuja-Kaduna rail line was to meet up with the part cost of the rail operations. Mr. Okhiria told the News Agency of Nigeria in Abuja on Tuesday that the initial fare of N600 ...

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Ambode insists on removing yellow buses from Lagos roads

LAGOS State Governor, Mr. Akinwunmi Ambode on Monday insisted plans are afoot to remove yellow buses popularly known as Danfo from Lagos roads for a more efficient, well-structured and world class mass transportation system that would facilitate ease of movement within the city. The Governor also said that his administration ...

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FG tasks General Electric CEO on $2b East-West rail project

The Vice President, Prof. Yemi Osinbajo, on Tuesday in Abuja urged a delegation from General Electric (GE) led by its Global Chief Eexecutive Officer, Jeff Immelt to speed up its infrastructural engagements in Nigeria. One of such engagements according to the Vice President is the proposed concessioning deal of the ...

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BMW unveils 2018 4 Series

BMW has announced updates to the 2018 BMW 4 Series. Available in three distinct body variants, the BMW 4 Series  according to the company embodies the very essence of dynamics and aesthetic appeal in the premium segment. “The arrival of the first BMW 4 Series marked the beginning of a ...

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FG releases N72b for Lagos/Ibadan rail project

The Federal Government has released N72 billion of its counterpart funding for the construction of the Lagos-Ibadan rail development project. The Minister of Transportation, Rotimi Amaechi made this known that Chinese partners are expected to make available the balance. Amaechi, who was at the Second Presidential Business Forum at the Presidential ...

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LASTMA GOES TOUGH ON DRIVERS PLYING ONE WAY, RESTRICTED ROUTES

 General Manager, Lagos State Traffic Management Authority, LASTMA, Mr. Olawale Musa (middle); Head, Operation, LASTMA, Mr. Adeoye Oluyemi (left) and his Assistant, Mr. Abidoye Opeyemi (right) during a joint traffic enforcement at Agege and its environs on Friday, …Seeks Willful Compliance With Traffic, Environmental Laws The Lagos State Government on ...

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Lagos creates website to verify the authenticity of number plates issued by MVAA

  In line with the Smart City initiative of the present administration, the Lagos State Government, through the State Motor Vehicle Administration Agency (MVAA), has announced the creation of a website – www.lsmvaapvs.org-through which motorists and law enforcement agencies can henceforth confirm the authenticity of number plates issued by the ...

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Auto Journalists honour Hyundai Elantra with two awards

The All-new Hyundai Elantra and Hyundai Elantra Sport  have  been  awarded the best new small car title and the best new sports/performance car title by the Automobile Journalists Association of Canada (AJAC). First introduced in 1991, the Elantra compact sedan,  now in its sixth generation has sold over 500,000 units ...

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Toyota targets 10.2 million sales in 2017

For the year 2017, Toyota anticipates a one percent rise in global vehicle sales as growth in North America, Europe and Asia prompts a recovery from a 1 percent slide in sales this year. The automaker estimates sales across its Toyota, Lexus, Daihatsu minicar and Hino Motors truck brands to ...

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Hyundai, Kia in $41.2m settlement with states

        Auto companies, Hyundai Motor Company and Kia Motors Corporation have opted for a $41.2 million settlement with attorneys general from 33 states and the District of Columbia. The development will close the remaining investigations into the automakers’ overstatement of fuel economy ratings from 2011 through 2013. ...

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