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Saturday, September 24, 2022

Nigerians Now Snub ‘Tokunbo’ For Accidental Vehicles, Here’s Why

Many Nigerians are no longer going for foreign used vehicles otherwise known as Tokunbo, as they now prefer to buy imported accidental ones. This development...

Lamborghini To Unveil Hybrid Cars, First Electric Car In 2024

Lamborghini's CEO on Tuesday said that the company has already pre-sold the entire production run until early 2024, indicating that luxury goods appear unaffected...

Africar Could Change The Transportation Sector – Minister

According to Adeniyi Adebayo, Minister of Industry, Trade, and Investment, the automobile industry is one of the enormous potential sectors. He also noted that...

Stallion MG Speaks Confidently Of New Release, Eyes 20% Of Nigeria’s SUV Market

Stallion MG is confident that its recently released MG ZS would take between 15% and 20% of Nigeria's market for sports utility vehicles. According to...

FG Assists Niger Republic With Cars Worth N 1.4bn

In order to help Niger Republic combat insecurity, the Federal Government has acknowledged that it acquired cars worth N1.4 billion for the neighbouring country. On Wednesday, Zainab Ahmed, the minister of finance, budget, and national planning, confirmed the news, stating that President Muhammadu Buhari has the authority to sanction the purchase and that intervening in the neighboring Niger Republic is nothing new. She asserted that President Buhari has the authority to analyze events for himself and issue orders in accordance with those findings. She cannot dispute his actions. She added that the financial support, which is primarily for the purpose of enhancing capacity to protect their territory, based...

Suzuki By CFAO Partners With ETAP To Enable Seamless Insurance For Nigerian Driver

 CFAO Motors, the sole distributor of Suzuki cars in Nigeria, has partnered with ETAP, an InsurTech company that creates solutions and incentives to improve the automotive...

Fuelmetrics Helps Fuel Management with New Product

Fuelmetrics Limited, an automation and control solutions provider in Lagos State, has created Gensys, a product for monitoring and controlling the nation's fuel consumption. Folake...

ANLCA Denounces Automotive Policy

The Association of Nigerian Licensed Customs Agents (ANLCA) has denounced Nigeria's automotive policy, claiming it won't help the industry expand. In his message of goodwill...

Autochek Acquires CoinAfrique To Accelerate Expansion Across Francophone Africa

Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of CoinAfrique, the leading platform for classified...

LAMATA, Oando Sign MoU To Offer Electric Mass Transit Buses

With the signing of a Memorandum of Understanding to offer electric buses for citizens of the state, the Lagos Metropolitan Area Transport Authority (LAMATA) and Oando have reached a new milestone. The Memorandum of Understanding, signed last Thursday in Lagos, establishes a partnership between Oando Clean Energy Limited, Oando's renewable energy business, and Lagos State in their efforts to make the city more sustainable through the deployment of electric mass transit buses, charging infrastructure, and service centers (EV Infrastructure Ecosystem). According to a statement from the firm, the relationship will be part of numerous initiatives, including the Lagos state blue and red rail, which will set the tone for the state's eventual decarbonization of the road transportation sector. Commenting on the MoU signing, the Managing Director, LAMATA, Abimbola Akinajo, was quoted as  saying, “Oando Clean Energy came to us with a...

FCTA Orders Okada Riders To Obtain A Licence

The Federal Capital Territory Administration (FCTA) has ordered motorcycle operators' okada riders' to obtain a licence to operate within the city and its suburbs. FCTA's...

TRADE X Opens New Office in Lagos To Accommodate Growing Automotive Demand

TRADE X, a global B2B cross-border automotive trading platform based in Canada, today announced that it has opened TRADE X Nigeria in Lagos to...

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