31-08-2016 16:33 via uk.news.yahoo.com

Nigeria's main car plant idled as dollar crisis bites

By Ulf Laessing NNEWI, Nigeria (Reuters) - At a factory in southeast Nigeria, dozens of new white buses stand at the end of the production line, apparently ready to take on some of Africa's toughest roads. Unfortunately for Nigeria's main domestic vehicle assembly firm they are going nowhere for now. In an economy starved of dollars because of the slump in oil prices, Innoson Vehicle Manufacturing (IVM) cannot buy imported components, leaving the buses without engines - a metaphor for the proble
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