[dropcap]A[/dropcap]midst dwindling oil prices and shaky economy, another automotive assembly plant has opened in Nigeria, this time located at the heart of Ikeja, the capital of Lagos State. Established by PERFECTION Motors Company Limited, member of the Lee group in Nigeria, in collaboration with a Chinese automaker, FAW, one of China’s biggest and most prestigious…
…Stakeholders Call for FG Intervention [dropcap]C[/dropcap]urrent scarcity of foreign exchange (FOREX) is taking heavy toll on Nigeria’s fledgling automobile industry, as auto assemblers are starved of foreign currency with which to procure KD kits they require for operations. As Motoring World gathered over the weekend, capacity utilization of affected plants might have dropped badly due…
[dropcap]T[/dropcap]he Ports and Terminal Multiservices Ltd. (PTML) Command of the Nigeria Customs Service (NCS) has blamed the nation’s poor economic performance in 2015, partly on the nation’s auto policy. While addressing newsmen penultimate week, the command’s spokesman, Mr. Steve Okonmah, revealed that in 2015, PTML’s revenue generation fell from N91.45 billion in 2014 to N63.18…
By: DOROTHY NEJE [dropcap]I[/dropcap]n continuation of the company’s policy towards rendering personalized and world class service to customers, Admiralty Motors has introduced faster automobile service policy tagged: “90-minute or Less.” The company’s managing Director and Chief Executive Officer, Mary-Ann Chukwueke, who disclosed this in a telephone interview with Motoring World International, said with the new…
