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AMCON to sell Peugeot car assembly plant

Nigeria’s ‘Bad Bank’, The Asset Management Company of Nigeria (AMCON), is close to selling Peugeot Automobile Nigeria (PAN) Ltd, a local car assembly joint venture, to Africa’s richest man, Aliko Dangote, and two Nigerian states. PAN, a Nigerian vehicle assembly plant located in Kaduna State, has PSA Peugeot Citroen as its technical

New Nipost law’s taxes may hurt cashless system

- Postage, stamp duties laws outdated –Post Master General The bill seeking to repeal the NIPOST Act by re-enacting the Nigerian Postal Commission Act and another seeking amendment to the Stamp Duties Act must protect electronic payment platform users from multiple taxation otherwise it may work against the central bank’s cashless policy. Observers

Coming Soon: Inter-modal Transportation in Lagos, Nigeria

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An integration of rail, road and water transportation has been approved by the Lagos State Government choosing Marina and Mile 2 as the take-off hub. The Acting Commissioner for Transportation, Anofi Elegushi, during the annual ministerial briefing at the Bagauda Kaltho Press Centre Alausa, said traffic would soon ease along the

SEA ROUTE TO DEATH

An overcrowded boat carrying about 500 migrants toppled across the Mediterranean sending about 200 people over board. MLN has it on report from Italy’s coastguard that at least 34 migrants, some of them young children, have drowned after falling into the sea off the Libyan coast. This has triggered a frantic

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