Tesla abruptly suspends production at Shanghai plant
Tesla has suspended production at its plant on the outskirts of Shanghai, people familiar with the matter told Bloomberg.
The company informed many factory workers,...
Europe automakers hit harder by Coronavirus pandemic- Analysis
A new analysis report has found that the Coronavirus-related factory stoppages affected some automakers more than it did others.
Companies with more capacity in China,...
United States slashes imports of Nigerian oil by 60%
The United States slashed its imports of Nigerian crude oil by 60.37 per cent to 1.93 million barrels in January this year, compared to...
China vehicle sales rebound with first monthly gain
Chinese monthly vehicle sales surged for the first time in nearly two years after the country opened up for business again, fueling expectations of...
Non-oil cargo accounts for 22% of export cargo in 2019- NPA
The Managing Director, Nigerian Ports Authority, Miss Hadiza Bala-Usman has disclosed that Nigerian ports handled 191 million metric tonnes of export cargo in 2019.
Out...
Don't let the aviation sector fail, IATA urges Nigeria
The International Air Transport Association on Thursday urged Nigeria not to allow its aviation sector to fail.
This followed the announcement by the Federal Government...
Don’t let the aviation sector fail, IATA urges Nigeria
The International Air Transport Association on Thursday urged Nigeria not to allow its aviation sector to fail.
This followed the announcement by the Federal Government...
Petrol pump price reduction will not be immediate- Marketers
The latest reduction in the ex-depot price of petrol to N108 per litre will not render an immediate drop in the pump price of...
Nigerians evacuated from United Kingdom arrive Lagos
The Federal Government has evacuated some Nigerians who were stranded in the United Kingdom as a result of the Coronavirus pandemic.
Some of the Nigerians...
Uber reports $2.9Bn loss in first quarter
Uber on Thursday disclosed that its loss increased to $2.9 billion in the first quarter as the ridesharing giant absorbed the impact of the...