Sad! Boulos Sacks 150 Workers, as CBN Starves Auto Industry of FOREX

ROTIMI ASHER [dropcap]T[/dropcap]he incessant foreign exchange problem affecting many auto assembly companies in Nigeria seems to have taken its toll on Boulos Enterprises, a company with over 95% Nigerian workforce, as the organization has laid off 150 trained workers twice in the last four months. The company’s General Manager, Mr. Julian Hardy, who broke the…

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MD, Peugeot Nigeria Calls for Full Implementation of Auto Policy

ANN ALLEN (London Bureau Chief) [dropcap]P[/dropcap]resident Muhammadu Buhari-led Federal government has been urged to embark on full implementation of the nation’s auto policy as set out by its predecessor. The advice was contained in a recent statement credited to the Managing Director of PAN Automobile Nigeria Limited, Mr. Ibrahim Boyi. Although the PAN boss thumped…

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Nissan Patrol Dares Competitions with Class-Leading Attributes

[dropcap]N[/dropcap]issan has for the umpteenth time tweaked its flagship SUV Patrol Y62 with unprecedented zest and ergonomics. Now fortified with a futuristic look that stands out for its unique combination of the most recent technologies and new design DNA, Nissan says, the Y62 would chart a new growth path for the brand in Africa. Nissan…

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Nigeria: Vehicle Imports Drop By 80% in 6 Months

[dropcap]T[/dropcap]he nation’s current FOREX regime worsened by the recession is taking its toll on volume of vehicles imported into the country and so having negative effects on the Nigerian Ports. The Operations Manager, Ports and Terminal Multiservices Ltd., Mr. Jack Angrish, who gave the indication to the News Agency of Nigeria (NAN) on Saturday, stated…

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