LOCAL NEWS HEADLINES






·        NIGERIA MAY BE LISTED AS ONE OF THELEAST MOST EDUCATED COUNTRY IN THE WORLD
Senator Ben Murray-Bruce has waged President Muhammadu Buhari to declare the education sector of the country a state of emergency. The senator tried explaining the advantages of a large population –A LARGE EDUCATED POPULATION. Nigerians should realize that a large population may not automatically be an asset unless of course most members of the population are educated, but if a population is largely illiterate, it is a liability. The senator Mr. Bruce grows where education is low…

·           EX-AREN BOSSES TO FACE CHARGES OVER $400M NIGERIA DEALS
The UK’s serious fraud office has said it will charge two former executives of collapsed oil company; Aren Plc. with alleged fraud over payments they received through secret companies of about $400m business deals. The ex-oil and gas exploration company that was once valued at $2.6bn on the stock market, collapsed into administration (the firm got liquidated) in July 25 2015 as they ran into heavy debts they could not pay. The SFO said in a statement made on Tuesday that the former CEO,SHAHID ULLAH, would appear today (WEDNESDAY) at the west minister magistrate court with two counts of fraud by abuse of his position and two counts of money laundering…STAY UPDATED.
·                 HURRICANE HARVEY, IRMA: IMPACT ON NIGERIAN AUTO INDUSTRY
You all are probably wondering what this has to do with the Nigerian Automotive industry right. Chill we will break it down.
Now within the last days of August and the early days of September 2017, the world experienced a very tropical storm which some of you may know was nicknamed HURRICANE HARVEY, IRMA wreaked havoc across eastern Texas and some parts of Florida. Now how does this affect our automotive industry?
           Jonathan Smoke – the chief economist of Cox automotive believes that about 300,000 to 500,000 vehicles were destroyed in the storm. Nigeria’s auto industry depends on imports from abroad of which 90% of the imports according to NBS (Nigeria Bureau of Statistics) comes from the US. In 2016, about 450,000 vehicles were imported into Nigeria from US, of which another 70% of these imported cars are used –TOKUNBO.
The Implication: Damaged cars might just find their way into the Nigerian market because Texas, the main spot of the Hurricane Harvey hosts a huge percentage of Nigerian Americans, most of them relying on businesses of used vehicles export to their home country. Statistics show that the city of Houston, Fort Bend, Tarrant, Dallas and Travis counties some of the largest Nigerian Population in America. In addition to the fact that Houston Port tops the list of shopping ports in the US for shipping cars that cannot move.
Not only are flood damaged cars more expensive but they also endanger us and our environments. So my fellow Nigerians “make una  dey surprised” when you start seeing some of these cars in our markets before month end.
Some tips to help spot cars damaged by flood if you  want to buy a car;
-       Speak to a reputable Dealer, - Check the title of the car, try sniffing it and look out for rust…

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