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Mitsubishi To Stop Pajero Sale In Nigeria 2021

Mitsubishi Pajero
The sale of Mitsubishi Pajero would be discontinued in Nigeria at the end of next year, sole distributor of the brand of vehicles in the country, Massilia Motors, has said. A statement issued on Thursday said the decision to halt the sale was taken following the announcement by the automaker, Mitsubishi, to stop the production of the model next year, gradually leaving the stage for a popular new model, Pajero Sport. This, the auto firm said, was coming after a successful 39-year run, and more than 3.3m global sales of the outgoing Pajero. The company however said the after-sale supportRead More

WTO: Okonjo-Iweala Scales 1st Hurdle As 3 Candidates Drop Out

Ngozi Okonjo-Iweala
The dream of Nigeria’s Dr. Ngozi Okonjo-Iweala becoming the next Director General of the World Trade Organisation (WTO) got a boost yesterday, when the body’s General Council listed her amongRead More

WTO: Okonjo-Iweala, Four Others To Emerge Final Candidates

Ngozi Okonjo-Iweala
The World Trade Organisation (WTO) is set to announce on Friday the departure of three candidates in the race for the position of the Director General of the global tradeRead More

NNPC Records N20.36bn Trading Surplus In July

Nigerian National Petroleum Corporation (NNPC)
Nigerian National Petroleum Corporation (NNPC) said yesterday that it recorded an increased trading surplus of N20.36 billion in July 2020, compared to the N2.12 billion surplus in June 2020 inRead More

World Bank To Start $750m Power Support Fund Disbursement In 2021

World Bank
World Bank has disclosed that it would begin the disbursement of the $750 million it approved for Nigeria’s Power Sector Recovery Programme (PSRP) next year and complete the process inRead More

Naira Set To Gain As CBN Resumes Forex Sales

Naira exchange rate
Forex sales’ resumption to Bureau De Change operators by the Central Bank of Nigeria will strengthen the exchange rate of Naira to US Dollar, according to BDC operators. In aRead More

Nigeria Risks Loss of $600m On Imported Prepaid Meters

Prepaid Meters
Nigeria may lose over $600 million to capital flight in favour of China in addition to hurting the local content pursuit with the recent presidential approval to defer for oneRead More

BUA Group, French Firm Seal Deal For 200,000bpd Refinery

BUA Group
BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture, has diversified into the oil and gas business with the signing of a deal with Axens of France toRead More

Petrol Price Should Be About N155/Litre – Oil Marketers

petrol
The pump price of petrol should be closer to N155 per litre, the Chairman of the Major Oil Marketers Association of Nigeria, Mr. Adetunji Oyebanji, has said. Oyebanji, who isRead More

Naira Appreciates Further At Parallel Market

Naira exchange rate
The Nigerian Naira strengthened to N440 to a dollar at the parallel market on Tuesday, compared with the N465 to a US Dollar it was the previous day. The NairaRead More