Monday, November 12, 2018

Tag "National Automotive Council (NAC)"

    Volkswagen signs MoU to make Nigeria automotive hub in West Africa

Volkswagen signs MoU to make Nigeria automotive hub in West Africa

German Automobile manufacturer, Volkswagen, has signed a memorandum of understanding (MoU) with Nigeria to turn the country into the “automotive hub” of West Africa.The agreement was signed during German Chancellor Angela Merkel’s visit to Nigeria, with Okey Enelamah, minister of industry, trade and investment, present at the signing ceremony in Abuja.The car manufacturer also signed a MoU with Ghana to [...]

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    Car dealers appeal for suspension of new import tariff

Car dealers appeal for suspension of new import tariff

Chairman of Abuja Car Dealers Association, Mr Auwal Rilwan, has appealed to the federal government to suspend the new vehicle import tariff till local vehicle manufacturers begin full operations.The tariffs were imposed to discourage importation of used vehicles and encourage local manufacturing.Rilwan, speaking to NAN, said that implementing the policy now would lead to shortage of affordable cars for low [...]

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Exchange Rates

November 9, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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