[dropcap]M[/dropcap]any Phillipson, CEO of Media Advocates Limited and a consultant to Stallion Motors, in this interview with Motoring World International (MOWI), takes a critical look at the problem of fake auto insurance certificates in Nigeria, advocating suspension of Third party Auto Insurance policies. Excerpts MOWI: Do you insure your vehicle directly with insurance companies or…
…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: ROTIMI ASHER (with reports from REUTERS) [dropcap]A[/dropcap]sset Management Corporation of Nigeria (AMCON) has concluded plans to sell off its 79.31 per cent majority shares in PAN Automobile Nigeria Limited through a bid process. To this end, it, on Tuesday called for bidders, who are willing to invest in the plant, which it jointly owns…
