BUSINESS & ECONOMY

Posh Cars Made in Nigeria

Innoson Group of Companies, on August 8, unveiled air-conditioned cars from its Nigerian factory in Nnewi, Anambra State. It is not an assembly plant: the raw materials are bought both in Nigeria and abroad. Each car will cost between N1.5million and N3.5million, according to the company’s CEO, Innocent Chukwuma. The cars would be the first made-in-Nigeria cars.

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