Nigeria Bans Importation of 10-Year-Old Articulated Vehicles

… Introduces Installation of standard Speed Limiters in haulage vehicles  Reacting to the recent road traffic crash on Otedola Bridge on the Lagos-Ibadan Expressway where over 55 vehicles were burnt and multiple fatalities recorded, the Federal Government of Nigeria has banned importation of haulage vehicles that are 10 years old from the date of their manufacture.  The ban, which takes ...

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Nigeria Customs to Reduce Cargo Clearance Time

The Nigeria Customs Service (NCS) says it has embarked on Time Release Study (TRS) to measure the efficiency of its trade facilitation scheme and reduce the time of cargo clearance. Mr Wale Adeniyi, Deputy Commandant, Customs Training College, Gwagwalada, Abuja, disclosed this to the News Agency of Nigeria (NAN) at a workshop on TRS in Lagos on Thursday. The workshop, ...

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Nigeria Set to Revive National Carrier

Nigeria has commenced negotiation with aircraft manufacturers preparatory to the unveiling of a new national carrier, many years after Nigerian Airways was liquidated. The Minister of State for Aviation, Sen. Hadi Sirika, said that the Federal Government was also negotiating with investors at the ongoing Farnborough International Air Show in the United Kingdom. Mr James Odaudu, Deputy Director, Media and ...

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Dangote gets $650m Afreximbank Loan for Lekki Refinery

Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Lekki, Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. Cairo-based Africa’s trade bank also signed a $750 million facility with Nigeria’s development bank, ...

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World Youth Skills Day: A Viable Nigerian Auto Industry Presents Exciting Job Opportunities for the Youth

Africa is the final growth frontier for Ford. A well-established auto industry in Nigeria would present an exciting range of career prospects for the youth. Africa is the youngest continent and Nigeria one of the youngest markets in the world. This presents a huge opportunity in terms of the youth gaining adequate skills to ensure they are a major resource ...

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Stakeholders’ Forum Set Agenda for Haulage Operators in Nigeria

Concerned with the spate of road traffic crashes involving haulage and other related vehicles in the country, the Federal Government through the office of the Secretary to the Government of the Federation (SGF), Boss Mustapha called a meeting of relevant stakeholders on haulage operators on Monday, 9th July 2018 at the Conference Hall of the SGF at Shehu Shagari Office Complex ...

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Why Mercedes-Benz Unveiled New World Class Showroom in Lagos

In its resolve to establish a strategic point of sale location that appeals to customers and provide easy access and better customer service for existing and prospective high net worth clients in Lagos, MB Automobile Services Limited – one of the authorized passenger cars dealers of Weststar Associates Limited has unveiled a world class, state-of-the art showroom in Lagos. The ...

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Sign Auto Industry Bill Now, African Auto Industry Stakeholders Tell Buhari

…As Osinbajo Makes Case for Vehicle Financing Stakeholders of African Auto industry have once again advised President Muhammadu Buhari to sign into law the nation’s Auto Industry Development Bill passed by the National Assembly over six months ago. A delegation of International Automotive Investors comprising Original Equipment Manufacturers and other stakeholders gave the advice at the Presidential Villa in Abuja ...

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