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Embassy of Nigeria Sweden

NISSAN TO UNVEIL 4X4 SUVs MADE IN NIGERIA

Nissan motor

The Chief Executive Officer (CEO) of Renault-Nissan, Carlos Ghosn, has disclosed that Nissan will unveil a new line of locally manufactured cars at an old Lagos Volkswagen plant by April. He stated that this is in line with Nigeria’s new automotive policy and their interest lies in producing popular cars totally adapted to the needs of Nigerians. According to National …

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The European Union (EU) TO SUPPORT NIGERIA IN RURAL ELECTRIFICATION

european union

The European Union (EU) has agreed to partner with the Federal Government to ensure the provision of electricity to rural communities not captured in the national grid. To this end, the two have agreed to hold further meetings with a view to working out areas of cooperation towards building enhanced power infrastructure and improve electricity supply to the country. Minister …

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TATA AND TVS TO SET UP PLANTS IN NIGERIA

TATA Motors

Two vehicle manufacturing companies from India, TATA and TVS have indicated their interest in setting up automobile plants in Nigeria. The representatives of both companies have revealed that the new National Automotive Industry Development Plan (NAIDP) recently approved by the Federal Government of Nigeria encouraged them to come forward with their proposition. According to the Principal Executive Officer (Information), National …

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CBN INTRODUCES NEW PAYMENT SYSTEM

Central bank of nigeria

The Central Bank of Nigeria, CBN has unveiled a new payment system called Real Time Gross Settlement (RTGS) system. This is part of the effort to implement the Payment System Vision (PSV) 2020 strategy. The RTGS which went live on the 16th of December 2013 was integrated with Scrip less Security Settlement System (SSSS) and would replace the old payment …

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PRODUCTION OF SESAME OIL TO BEGIN IN NIGERIA

sesame oil (seed)

The Raw Materials Research Development Council (RMRDC) and Dantata Foods and Allied Products Limited have reached an agreement to partner on the production of sesame oil in Nigeria. The acting Director-General of RMRDC, Dr. Husseini Ibrahim, disclosed this recently. According to Ibrahim, Nigeria would continue to lose a lot of money to importation if they fail to be import dependent. …

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