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UK insurers Face Watchdog Crackdown for Undervaluing Cars

Britain's financial watchdog on Friday warned insurers against undervaluing cars and other items when customers submit a damage claim and said it was taking...

Oil Steady Ahead of OPEC+ Meeting, EU Russian Oil Ban

Oil futures were broadly stable on Friday (today), but were poised to end the week up, ahead of a meeting by the Organization of...

FG Clears Air on Fuel Price Hike Rumor, Says NNPC has Enough Fuel for 34 days

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the Federal Government has no intention of increasing the price of Premium Motor Spirit...

Toyota’s Global Vehicle Production Up 23%, Above Its Target

Toyota Motor Corp  reported today (Tuesday) a 23% rise in October global vehicle output, beating its own target for a third month in a...

Hyundai Motor, SK on Sign EV Battery Supply Pact

Hyundai Motor Group (the Group) today (Tuesday) signed a memorandum of understanding (MOU) with SK On Co., Ltd., a leading electric vehicle (EV) battery...

Revealed: What Nigeria’s Oil Industry Contributed to GDP in Q3 2022

Nigeria’s oil sector contributed 5.66 per cent to the country’s total real gross domestic product (GDP) in Q3 2022. This is according to the Nigerian...

Oil Jumps On Hopes for Easing in China’s COVID Controls

Oil jumped on Tuesday, buoyed by hopes that China would relax its COVID-19 controls after rare protests against the country's zero-COVID strategy over the...

Carloha International Begins Vehicle sales in Nigeria, Offers Price Slash

Carloha, a global automobile company that specializes in the sales and services of premium used vehicles with in-commerce and on-demand maintenance service technology, has...

Oil Muted, as Price Cap Proposal Eases Supply Concerns

Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level...

Nigerian Lawmakers Grill Shell, Total, Other Over Alleged Tax Evasion

The House of Representatives on Wednesday grilled Shell Petroleum Development Company of Nigeria, Total Energies and First E and P over alleged tax evasion. The...

Ingige Identifies Cause of Crude Oil Theft in Nigeria

The Federal Government has attributed the menace of crude oil theft to the worsening unemployment situation in the country. Dr Chris Ngige, the Minister of...

Oil Prices Rebound From Early Dive As Reports Vary on OPEC+ Output

Oil prices whipsawed on Monday, diving early to their lowest since early January but then rebounding as reports varied about whether Saudi Arabia and...

Most Read

NNPC Boss Inspects N33bn Bida-Lapai-Lambata Road Construction

In his remarks, Alhaji Yahaya Abubakar, Chairman of Niger State Traditional The Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company (NNPC) Ltd.,...

Mitsubishi Electric Vehicle Wins 2022-2023 Japan Car of the Year Award

The all-new Mitsubishi eK X EV has won the 2022-2023 Japan Car of the Year and the K Car of the Year. In awarding the...

NAJA Picks Date for Nigeria’s Annual Auto Industry Awards

The Nigeria Auto Journalists Association (NAJA) plans to hold its 2022 edition of the Nigeria Auto Journalists Awards on Wednesday January 25, 2023 at...

Kia Clinches Manufacturer of the Year Award

Kia has been named ‘Manufacturer of the Year’ at the 2022 TopGear.com Awards, finishing the year on a high. This is the second consecutive...