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There has been a recent development in the Nigerian automobile industry. Honda Motor Company has announced that it is currently building cars in Nigeria by retooling part of its factory that previously made motorcycles. According to the company’s chief executive, Takahiro Hachigo, operations began this month with plans to produce 1,000 of its Accord Sedans annually at the plant, ThisDay reports. The company also intends on boosting plant production in the future with the growth of the local market as a determinant. There is also the possiblity of it serving other African countries Honda revised its yearly operating profit which ended March, to 606.88 billion yen ($4.92 billion) from the 651.68 billion yen which was reported in April to account for expanded recall costs.       Source: ThisDay News  

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This article was first published on 8th July 2015


Ify Halim is a Writer and media enthusiast based in Lagos. She enjoys writing self-help/inspirational articles with published work in UYD Magazine, Edufrica, Our Stories Inc. and The Keele Concourse. She currently works at, Nigeria’s Information Portal. Follow her on Twitter @MissHalim or visit her online space at

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