Coming boom in Nigeria’s automotive industry
Since the National Automotive Industry Plan (NAIDP) was announced by the Federal Government in October 2013, the Nigerian automotive industry has witnessed serious interest from global and local automobile brands in setting up and doing business in a very promising sector and this has been a welcome development, but my premise has yet remained that - the Nigeria automotive industry should begin to look beyond assemblage to primary production, manufacturing and exportation because we are still trailing behind in consideration of our production capacity, availability of raw materials, political will, technological know-how and market power.
DESOPADEC BILL: Ijaw host communities give oil firms 7-day ultimatum to quit
WARRI—IJAW host communities of flow stations and well heads in Diebiri Egbema, Gbaramatu, Iduwini, Ogbe-Ijoh, Ogulaghan and Kou Kingdoms, Delta State, weekend, gave oil companies operating in the state a seven-day ultimatum to vacate their personnel and contractors from their various Ijaw territories, starting from today.
Importers lament CBN’s enforcement of proceeds’ repatriation rule
At the backdrop of expected positive impact of the recent foreign exchange policy changes by the Central Bank of Nigeria (CBN) on the export sector of the economy, operators in the agro-allied industry, has said they are losing billions of Naira in revenue daily, a development which has forced many of them out of the business.
Economy: Mr. President’s unfortunate mis-step
The recent announcement by the Federation Accounts Allocation Committee, of over N760bn disbursement to cash famished states, was popularly regarded as a bailout package, despite clarifications from the President’s Media Adviser that the income was actually the constitutional entitlement of the three tiers of government.
LCCI seeks to protect bank debtors
Lagos—In a move to possibly prevent the publication of names of chronic bank debtors in national dailies as directed by the apex bank, the Lagos Chamber of Commerce and Industry, LCCI, yesterday, cautioned against the move.
Group reports oil leak from Shell’s Adibawa Oil Well 8
YENAGOA- Environmental Rights Action/Friends of the Earth, Nigeria, ERA/FoEN, an environmental pressure group has reported that there is an ongoing oil leak from Shell’s Adibawa Well 8 in Edagberi community of Rivers State.
