AJAOKUTA STEEL COMPANY HOLDS FUTURE OF AUTOMOBILE INDUSTRY IN NIGERIA – OFFICIAL

Olaoluwa Ogundipe, Principal Technical Assistant with the National Automotive Design and Development Council, has called on the Federal Government to ensure that Ajaokuta Steel Company functions at full capacity. Ogundipe told the News Agency of Nigeria (NAN) in Abuja that the company had lot of steel metal that could be used for automobile industry. “If Ajaokuta steel is functioning, there […]

Continue reading »

MIXED FORTUNES FOR NIGERIAN VEHICLE DEALERS AS GLOBAL SALES FIGURES SOAR

Despite a global sales record indicating that first half of 2016 was the best ever for some organisations, Nigerian vehicle dealers have continued to groan under sales drop owning to government policies and economic turbulence. Infiniti said it finished the first half of 2016 with a new sales record, which marks the organisation’s best June ever, thanks to key markets […]

Continue reading »

USED CAR IMPORTATION: LOCAL AUTOMAKERS DEMAND FULL IMPLEMENTATION OF 70% TARIFF

The Federal Government and local automobile manufacturers have disagreed on the enforcement of a 70 per cent tariff on imported used vehicles. While the latter want the Federal government to commence the enforcement with immediate effect the second phase of the imposed 35 per cent tariff on imported used vehicles to discourage their importation, the government says it will only […]

Continue reading »