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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- Postage, stamp duties laws outdated –Post Master General The bill seeking to repeal the NIPOST Act by re-enacting the Nigerian Postal Commission Act and another seeking amendment to the Stamp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