Nigeria

FIAT, Makers of Ferrari and Maserati Back in Nigeria

…Launches New Model of FIAT Tipo Weststar Associates Limited, Nigeria’s Authorized General Distributors of Mercedes-Benz, Chrysler, Jeep, Dodge, &Ram, has confirmed arrival of the much-anticipated Italian brand – FIAT in Nigeria. Plans are already in motion to officially launch the first model to return – the ‘FIAT Tipo’. This makes Weststar also the authorized distributor for FIAT and FIAT Professional ...

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Coscharis Motors Showcased Value-for-Money Line-up of Ford Ranger Pick-ups at CEMCS Exhibition

Ford displayed its extensive, value-for-money Ranger models at this year’s Chevron Employee Multipurpose Cooperative Society (CEMCS) exhibition and 50th anniversary celebration, which recently took place in Lagos. The display included promotion of the Coscharis Ford after-sales offerings and Ford Ranger pick-ups. Ranger is currently the fastest selling Ford nameplate in Nigeria and Sub-Saharan Africa. In Nigeria Coscharis together with Ford assemble ...

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Dangote, NPA to Finance Reconstruction of Apapa Port Roads

The Nigerian Ports Authority (NPA) said it would raise N4.3 billion to reconstruct access roads around Apapa Port, as port operators withdrew services over poor infrastructure. The Managing Director of NPA, Ms Hadiza Usman, made this known at a stakeholders’ meeting in Lagos on Monday. She said out of the total sum required to reconstruct the dilapidated road, NPA resolved to ...

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Toyota Nigeria Downgrades Vehicle Sales Forecast for 2017

…Says FOREX Remains a Challenge, Despite CBN Interventions FEMI OWOEYE Toyota Nigeria Limited (TNL) has made a downward review of Nigeria’s auto market performance outlook for the current year, predicting it would not record more than 10,000 units sales at the end of the year, as against 16,000 units it predicted in November 2016. The company’s Managing Director, Mr. Kunle ...

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12 Ships Discharging Petrol, Others – NPA

Seventeen ships are discharging petroleum products and other commodities at Apapa and Tin-Can Island ports in Lagos, the Nigerian Ports Authority (NPA), said on Friday. NPA explained that they were discharging petrol, general cargo, containers and diesel. The News Agency of Nigeria (NAN) reports that 29 others laden with petroleum products and other goods are expected to arrive in Lagos ...

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Governor Amosu Escapes Death from CBN Bullion Van Crash

The Ogun State Governor, Ibikunle Amosun on Thursday escaped death in an auto accident caused by a reckless bullion van driver working for the Central Bank of Nigeria (CBN). The accident happened at the Ibafo axis of the Lagos-Ibadan expressway. The governor’s Senior Special Assistant on Media, Mr Juwon Soyinka, said in a statement that the incident happened when a ...

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Oando Seeks Approval to Refurbish Nigerian Refineries

Mr. Wale Tinubu, the Managing Director, Oando Plc on Thursday said that the company would seek approval from the Federal Government for the refurbishment of one or two refineries. The Company’s facts behind the figures at the Nigerian Stock Exchange (NSE) in Lagos, show that refurbishment of the refineries would enable the country to end fuel importation. Tinubu stated that ...

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Kia Unveils All-New 2018 Kia Sportage in Nigeria

…Opens the Biggest Service Centre in the Country ROTIMI ASHER Kia Motors Nigeria has taken the wraps off the all-new 2018 Kia Sportage at a launching and media parley with the motoring journalists, held last week Thursday, at its showroom, in Victoria Island, Lagos. The event was keyed into the on-going solo art exhibition organised by Arthouse, an organization partnering ...

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Auto Finance Provider, Stanbic IBTC Stock Best on NSE in April

Nigeria’s leading auto finance service provider, Stanbic IBTC Holdings Plc, has emerged the best performing stock in percentage terms on the Nigerian Stock Exchange  (NSE) in April. Data obtained by News Agency of Nigeria(NAN) from the exchange for the period showed that the stock increased by 48.98 per cent to close at N26.25 per share in contrast with the month’s opening price ...

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