Business Hilights

Tracking Nigeria's Headline Business News Online

Automotive Policy

Visiting foreign auto-investors’ canvass African approach to local production

A delegation of International Automotive Investors comprising of Original Equipment Manufacturers (OEMs) and other stakeholders, has made case for a strategic African approach to growing local car manufacturing. Leader of the delegation, Mr. Thomas Schaefer, who addressed the Vice President…

Now it’s clear that 2013 Auto Policy is not working, review it—LCCI

The leadership of Lagos Chamber of Commerce and Industry (LCCI), has called on the federal government to quickly review the 2013 Auto Policy which raised tariff on imported cars from 20 per cent to 70 per cent to grow local…

Uncompetitiveness of Nigerian ports aiding Cotonou to remain W/African hub—Russo

Barely three months after the total ban on importation cars via land borders, stakeholders in the nation’s maritime sector have assessed the situation and confirmed that the target of the ban is being technically defeated. In an interview, the Deputy…

How Ministry of Finance through Customs is frustrating use of Nigerian ports to import vehicles

More facts have emerged, showing that the greed of the Federal Ministry of Finance through the Nigerian Customs to reap more from car importers created the window for Nigerian ports to cede shipping hub to Cotonou ports in Benin Republic….